I was concerned its just me i understand why they are now. Bb tceo will join us exclusively to talk about whats behind the decision for the company. I get it, oo, very funny, everybody. Show starts at 3 00. I was here at 2 59 59 and were also looking forward to talk to kelly king about bonus checks he is cutting to employees. Today we have bitcoin in fturmoi falling 40 from its record at one point. Well tell you whats behind the pledge, and why one planner is shelving his plans to begin a Crypto Hedge Fund. Countdown to christmas tomorrow is the second busiest shopping day of the year and our reporters are standing by to bring you the very latest right now. Courtney reagan, where else . Shes in a mall this time in queens, new york, with more on how the retailers are faring this Holiday Season. Morgan brennan with is us here at the New York Stock Exchange looking at how the Transportation Industry has been handling the shipping rush and has one big retailer reportedly looks to buy a log
Good afternoon. Im Tyler Mathisen right now you can see the industrials up around maybe a tenth of a percent very small moves for the s p, nasdaq and the russell as well today. Utilities in health care, they are leading the way. Energy lagging today good day for semistocks, amd, applied materials. They are among the s ps top performers retail moving, too ross stores, home depot, all hitting lifetime highs but it is not completely pretty in the sector youve got macys, coal, lbrands and nike among the s ps worst performers. Caterpillar is up there so far this year. A great year for stocks. Unfortunately for investors, that is not normal, its not even the new normal and bob pisani, some of the things that made it unusual and we get back to a more normal performance in 2018. Hi, bob. The question is reversal to the mean they say 2017 cant happen again, but why not many traders say we cant have 20 returns in the s p because its just not normal look at the average. Its about 8 since world wa
Beneficial in the short term. After the bell an exclusive interview with senator tim kaine, the democratic Vice President ial nominee making an economics speech in detroit this afternoon. Goldman sachs, one of the leading dow components today on the heels of its Earnings Report that came out this morning. The Financial Firm getting a big boost from trading revenue. We have more on that move coming up. And from olympian to entrepreneur, Michael Phelps will join us here to discuss his latest Business Ventures as more and more athletes turn themselves into enterprises. Swimming with the sharks in the world of business at some point. The nasdaq really the big leader in todays market rally. Seema mody has more for us. Netflix being the driving force contributing about eight points to the nasdaq 100 gains. The headline numbers were positive. Subscriber growth here in the u. S. And internationally came in ahead of consensus. Speaking to analysts netflixs programming pivot seems to be a key pa
Highgrowth names got nailed today, facebook, amazon, google, starbucks falling hard. What is it about the high Growth Stocks getting punished . What does this mean for the broader markets, if anything . B. K. , what do you say. For the high Growth Stocks we know that this has been the quote, up quote crowded trade. Look what happened today in multiple markets. A lot of people ask me what happened with the dollar today. One of the big trades out there was to be long european equities and short of euro, but when the dollar started to fall that meant that people had to unwind that trade which then also led to taking risk off in other areas so you started that happening early in the morning. Bled over to facebook, amazon, the fang names and people are just getting risk off at this point selling what they can and questioning whether or not that greet is there. Then you had the turnaround in the banks and that was the sector just yesterday i mean, today, still underperforming, but we had a n
Power over fiscal policy in individual states. Air france klm is one of the worst performing stocks in europe after the carrier strikes force to issue a profit warnings. Tesco is upgraded by hsbc, sending its share price over 3 higher. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And as we said at the top there, were at a 1 1 2 month low in European Equity markets. The stoxx 600 is off 0. 5 today. The stoxx 50 off a similar amount well, actually, it says roughly flat. Lets look at those individual markets. If you would think looking at the sectors, the likes of autos, the likes of travels, utilities is the only outperformers. The ftse 100 is out 0. 4 pergs. Germany is down 0. 6 . France off just a little bit. Lets look at bonds. Panic selling in equities yesterday also meant panic buying in bonds. That follows the imf forecast only slightly downgraded its Global Growth outlook for this year and next year. Nonetheless, a flight to safety