Installed within a whisker of februarys alltime high. The cash trade is less than one hour away. Your are your headlines. Germany extends its Job Support Team until the end of next year, spains or rules out another National Lockdown as cases rise. Britains vaccine bet, the u. K. Backs a plan for a dnabased maxine. We look at a 50 million rates for a solution. And caveat emptor, u. S. Consumer confidence drops to the lowest level in six years. We will get the latest french figures out this hour. Just under one hour away from the start of cash equity trading in europe. Lets look at how futures are trading. Right now across europe, we are seeing slight green arrows. And i mean slight. You can call dax futures and euro stoxx 50 futures unchanged. In the u. S. , we see most futures contracts falling this morning, although also very slight drops. S p futures are unchanged after another record high yesterday. Nasdaq futures gained about 1 10 of 1 . Anna, what do you see on the gmm . Anna feel
Which will hit in b about an hours time. The s p up by just three basis points coming up on todays show, former National Economic council dr director, gary kohn, will join us about reopening the the economy. The debate over funding for states and the Small Business ppp funding. Plus, a flood of big name earnings set to hit this afternoon including as you mentioned, alphabet. Starbucks, ford, am well also speak with the ceo after his Company Reports earnings, what consumers are doing and how much theyre snacking around the world. Lets focus on one hour of trade. Mike is tracking the Market Action in whats shaped up for a volatile day meg has Quarterly Results from big pharma names mike, start us off with the brorder market of what you seeing some pretty strong opposing currents holding the index in a steady mode. Look at the s p 500. This goes back a couple o years because i want to point out the areas that were encountering with this rally. Here we are around 2880. That takes us back t
is outside the white house, elon is there in washington standing by with the latest on the tax bill itself. let s start with you, what do we know about this event coming up? reporter: they re not actually going to do a bill signing. the sbil not ready to be signed just yet, but this is very much a party atmosphere here on the south lawn of the white house. we have the marine band going through a list of christmas carols a few moments ago they re serving hot drinking over here. some of the vips and dignitaries have gathered in the audience. you can see behind me, republican members of congress lined up on the steps just above the south port co. here on the south lawn of the white house. this is a unified republican party right now. they ve been through a lot of tough infighting particularly over obamacare, this is a big win. this is a moment in which you ve seen the president of the united states already today handing out praise to republican leaders, some of whom he s been
happens. it s totally lacking in rigger but it happens all the time around here and that s what throwing us off today sending the dow dipping, nasdaq loss 0.14%. let me explain what i m talking about so you can see how a bullish situation gets turned into a bearish one by mepessimists who want it bo way. sell, sell, sell. and sell, sell, sell. this morning we awoke to a story of how the chinese are cooling to them. oh, boy, did that freak people out. shares came in for sale at the opening because of the chinese perhaps dumping the treasury you know the dow is down 100 points in lightning speed on that one of the principle worries of portfolio managers there is no inflection in the yield curve meaning you re almost getting the same return from short-term treasuries as you are from longer term ones that puts news a situation where we have what s known as a flat yield curve. something that is often a precurser to a recession makes sense fed raises rates too quickly, fall
from texas lieutenant governor dan patrick with us. plus committee chairman congressman mccall is here. also the fallout from the pardon of sheriff joe arpaio. was it the right time to make this move? we will talk to a congressman about that. tough reelection battle, arizona senator jeff flake takes on president trump. will that tactic score many points against his g.o.p. primary challenger dr. kelly ward? as we look ahead right now on sunday morning futures . and we kick it off of course we re watching a very dangerous situation unfolding as we speak this hour in southeastern texas. houston, the nation s fourth largest city, inundated with widespread and catastrophic flooding. over 1,000 water rescues performed there overnight. so far at least two have been confirmed dead. the number is expected to climb. emergency responders are simply overwhelmed. officials are telling people in the houston area to call 911 only if you are in a life-threatening situation. if your life i