Electrovehicles. They publish everybodys income tax returns. Should we publish that here . How much everyone makes, what their house is worth . And the corn is this high in kansas right now. Everything is very very green, by the way. You are not allowed to take another vacation. Neither are you. The markets seem to be celebrating today. Stocks up nearly 1 . Dow up more than 200 points. More focused on earnings than the volatility in the Chinese Market. Energy stocks leading the charge today with the S P Energy Sector up nearly 3 and some big gains in names like exxon. Take a look at twitter, rallying ahead of its earnings report. Weve got an analyst saying twitter is his least favorite stock he covers. Find out why. See if they wait until 4 00 to release twitters earnings unlike last time when they were leaked early. Homeownership hitting its lowest level since 1967. We have a former fed official with us who will tell us why she thinks Monetary Policy could be to blame, and it may be p
Getting hit even though earnings and revenue topped estimates. Shares were up more than 14 at one point yesterday afterhours but started to fall during the call and down about almost 8 . Some of the drop probably attributed to investor concerns over the direction of the advertising portion of the business. John, display ads, decelerating faster quarter on quarter and the stock chart looking at it afterhours its like a roller coaster literally. Feels like they did the math, investors anyway figuring out okay, they raised guidance but when you consider that there was this benefit from them integrating in early, that basically goes away and it ends up being a bit of a guide down based on what youd expect sequentially and then yes, this display advertising thing, premium display, weve seen the impact programmatic, linkedin was one of the first to single it out a quarter ago, it hit yelp, hitted linkedin in, too. They have a diversified business. This isnt all of linked in by any stretch an
Positive as youll see right there, but not too much. Although uk actually having a fairly good morning. Japan not so much. Problems toshiba certainly weighing on that market. As for our tenyear note yield this morning in crude oil, which we always like to show you, 2. 556, and wti up ever so slightly. David, our road map for the hour begins with the dow on the edge of market history again. Futures higher. Will today be the day . Plus, some new Holiday Spending data suggesting a late december boost. Wall streets top picks going into 2017. And amazon crowned ever cores top internet pick. Did the company do enough to win christmas though . But first up, the trump rally, thats what we call it now, and the march to dow 20,000. That continues for yet another day. Futures as you just saw are higher, certainly would indicate we will be close at the open. The dow aiming for its eighth straight week of gains. And, well, what else, of course another tweet on the markets from president elect donal
Mike santoli. Thank you both for joining us. Carl and jon have the morning off. We have news from the trump transition and john harwood. Weve just had the transition call with the Incoming White House press secretary, sean spicer. He said that donald trump around 4 00 today is going to have an Economic Development announcement that will be good for American Workers. Didnt specify what it is, said he wants to keep everyone guessing. Dont know if its Something Like the deal that he engineered with carrier to try to preserve some jobs that were headed for mexico or a new investment. Of course, he met with the softbank president who pledged 50 billion investment in the United States. Dont know what its going to be, but we will bring it to you when it happens later this afternoon, guys. And of course, it is a little bit more, john, than two weeks before we are expected to learn about what the president elect will do with his own businesses. You mention that this will likely have to do with
Over the last couple of days that now is the time to take something off the table . No. I mean, youve run out of one of the necessary drivers to send the market higher and that is obviously trading volumes. Dried up. Weve all said it the last two weeks. Thats not anything new. I dont think the fact were going to turn the calendar page is anything new either, judge, except that, perhaps, and i think its overblown, people who delayed sales if they all of a sudden like jim has alleged decide to make those sales early in the first couple of weeks of next year, yeah, that could cause a little water fall. I think it will be little. I dont think it will be look at the underpinnings of this rally since election day. Whats it based on . Its based on a change of tone. Its based on a change of people are more optimistic about whats going to happen for the country, for the economy, for stock market, for corporations. I think its optimism. I think its clearly optimism. Its reflected in Consumer Con