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This stock hitting a century mark thats right, a 100year high for this company any guess sns send it on the twitter feed we reveal the answer later on in the program. All right. All that ahead but we begin right here with what some are worrying could be ipos gone whiled wild check out the morpt moves in the the recently public named np beyond meat, smile direct, ub err. Up double digits this year np smile direct up 34 uber up 17 beyond meat up 5 a and were only 9 trading days into 2020. Now many of the names are still well off the alltime or ipo highs. So is the recent rally too far too fast and if so which, guy adami of those names, if with with you nicked one of the names shone would you say this is the most worst and ee egregious example of momentum gone amuck. The most momentum gone amok beyond meat is fascinating to me it went from 75 to current levels in a straight line. But also off the 240 level we saw in july. I dont know if necessarily run amok they are well off the highs to ....
On Interest Rates. That was the take away from the central olbanks twodayy meeting where Interest Rates re left unchanged. Todays decision or perhaps better said nondecision follows three rate cuts this year, which was an abouface from from thet four inter rate hikes in 2018. Steve liesman reports from the Federal Reserve in washington. The Federal Reserve ended a momentous year forli monetary by launching what it one where the policy rate is likely on hold for what could be many months. The move to neutral folws three successive rate cuts in hike rates in 2019. Of plans to the fed called the current stance of policy quote appropriate. The feds overnight lending rate stands at a range of 1. 5 to 1. 75 . The fed chairman suggested that could be the case for a while ....
Date trade tensions resurface as china rebukes the decision to sign a bill backing protests in hong kong. And retail front and center as we get forecasts from adobe and the National Retail federation, forecasting strong Holiday Spending joining us for the hour is allied chief Investment Strategy lindsey bell here we go, a shortened day today but a lot of excitement. Whats driving the action . Well, you know, there is lower volumes today. Coming into the end of november, going into december, this is the seasonally strong period of the year earnings season was a good one retail sales pretty good retail earnings were good even though a mixed bag and so i think were in the period of pause until the new year. What are you paying close attention to today. Well, today, i think its really all about this is black friday a ....