Weve already had some great conversations this morning. We drive that forward in this hour, and out to jon ferros the open at 9 00. We are really going to focus on the dominion Warren Buffett transaction, which i find absolutely fascinating. Within all of this is a lift to the market because the government has the back of the financial system. The dominant feature right now is the certitude of 1 trillion here or 1 trillion they to buoy the economy up into the end of the year. Jonathan maybe another 1 trillion this month as well. Theres a huge debate taking place in washington. It is not a matter of when. They will do this. It is not a matter of how big. It will be large. It is a matter of the composition, what they agree on a moment. I am edging there is going to be some pushback down in washington in the next several weeks. Futures up 38, dow futures up 374, so a real lift to the has as aea all of this backdrop dependent. It is really a mixed picture. Theres no russian about that area
Im sara eisen along with dom chu. Great to be here. Happy friday to you guys. Happy early holiday weekend. Lets check in on the global markets. We say our first backtoback losses for the dow since the election after another close lower yesterday. Dow futures turning around this morning. Up 9. It would take 80 points now to get to dow 20,000 . Weve moved further away. But good little santa claus rally could do the trick. S p 500 futures are up 2. 5. Nasdaq futures are up less than 1 point in early trade. As for the tenyear treasury note yield, sort of hovering around unchanged for the last week or so. The last four, five days. 2. 54 on the tenyear note yield. Some buying this morning. Yields backing off that 2. 55 level. Still close to their highs recently. Absolutely. If you look at that picture, well go from there to the other side of the atlantic, european equities still in focus now given whats happened with the Banking Sector specifically in italy and other big bank settlements. If