En happy wednesday morning im Lauren Simonetti welcome to fbn amy l. Cheryl its thanksgiving eve. Thanksgiving eve. All right good morning. Lauren good morning. Cheryl Cheryl Casone no food has been made. Lauren money is moving this morning holiday shortened week but look market continues to melt up towards new record highs all three major averages will open in record territory today dow up 37 and 100th record close under President Trump. So many thingses happening in asia and markets are chosely following every twist and turn of u. S. China trade negotiations. Pretty much youve got green across the board xepght for shanghai a little bit of pressure over there overnight. Stocks are trading to the upside as well half of a percent gain in london and in frankfurt. Cheryl we start with breaking news a massive Chemical Plant explosion just happening within last couple of hours this has sent flames shooting through air this is happening near beaumont, texas right now. This doorbell camera fo
Operation twist, where we just had a liquidity dynamics last time i was on we talked about Earnings Growth bottoming and reaccelerating of course the rate of change is what boosts the multiple so were this one of those periods where it should extend not just through end of the year, but into the beginning of next year as well. So if you think about when those rallies stalled out after qe2, that was the point where everyone realized all that liquidity didnt really boost earnings all that much and by then stock prices were ahead of fundamentals but between now and then, i think that the path of least resistance is still higher lets take a quick look at treasury yields. The fed operations is a large part of why. The ten year is yielding 1. 73 and meanwhile Chinese State media, remember on sunday the pro democracy candidate scoring a landslide victory winning almost 90 of the district down can still seats. And now beijing is calling the election a setback for hong kongs Democratic Developm
Street stocks set to open at new records once again the stock market just hit another all time in history high, meaning 401 k s and jobs everybodys getting rich and im working my off. Shares of deere sliding, ahead of the open. Issuing a profit warning for fiscal 2020 as trade tensions persist. The toys r us come back, after shuttering all the stores, the new Companies First toy store set to open in new jersey this morning as stocks look to set some new records on optimism about trade, Economic Data today is also in the mix. 3q revised up. Business investment up 1. 2 proxy for investment, that was not a good number last month making up for it now. In tune with what the market has been trying to say, which is that we had this soft patch, were pulling out of it, i think there is a real willingness by the market by investors to look through any near term kind of softness in the incoming numbers because they feel as if we kind of escaped the greatest risk i think these numbers would confir
Maria big show this morning, thank you for joining, us, joining us Dagen Mcdowell, jon hilsenrath, veronica, great to see everyone, big news this morning actually, first of all, we have a record high in the markets and we are looking at stocks chattering the records this morning, take a look at futures, s p up 5 and a half and nasdaq up 23 points all markets losed in alltime highs yesterday, the major 3 indices were at unchartered territory and new highs, President Trump touted with strength in the economy during rally in florida last night. You know, we just set another stock market record, the stock market just hit another alltime in history meaning 401 k s and jobs. [cheers and applause] americans have so much to be thankful for, the economy is booming, wages are rising, crime is falling, poverty is plummeting, confidence is soaring and america is stronger than ever before. Maria oh, yes, part of the reason for this strength in the markets is the fact that we may be getting close to
Afternoon, in the 50s and looking ahead into what ill tap into, in my big report in 15 minutes is the next big storm. Here is a look so far at what were tracking, valleys and mountain areas, several inches of additional rainfall compared to the last storm but its the gusty winds and the risk of potential flooding especially for all those burn zones, after the kincade fire that we will be monitoring very, very closely, so i will make sure to take you through this time line as far as how much rain, where the strongest winds will be and also the very important sierra travel. A lot of people are traveling back from thanksgiving, something i will be covering for you in about 15 minutes. Lets check the roads and see how thats doing. Everything was looking good and i did notice two accidents one up near 880. It it may be something along the bay bridge. Ill check the chp reports on that, hopefully nothing major. Any time something happens on the bay bridge we monitor that. Ill be back with ano