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On the systemic problem for amazons delivery network. And what shares of tesla are doing for the first time in history. All of that as Worldwide Exchange begins right now good morning welcome to the show. Im dominic chu in for Brian Sullivan lets talk about what stocks are doing on this abbreviated trading day. Dow is up by 17 points s p at 1 and nasdaq around 7 markets are closing at 1 00 p. M. Eastern. They will remain closed picking up for a full day of trading on thursday today also kicks off the first day of the official santa claus rally period which happens the last five trading days and first two trading days of the new year the s p has posted 1. 3 average gain in the last ten years, the markets only posted two losing santa claus sessions as you see in 2013 and 2014 the santa rally, a powerful force. Lets go worldwide to see what is happening with the trade. You c ....
Maybe you dont care but you do care about the american economy. And boeings news impact us all. We tell you whip process then apple hitting the alltime high today, three analyst have three different takes on the same stock. Well find out who the traders believe is right all that as we begin with an earning alert on fedex not good. Fedex stock down again, missing on earnings and revenues lets get back to eric chemy at cnbc hq with more on the fedex flop. Thats right a disappointing quarter for fedex. Ceo fred smith acknowledged in the release that the fiscal 2020 is a yeerd of continued significant challenges and changes. The the company missed on top and bottom lines setting weak Global Economic cannibus, increased fedex ground costs, the loss of busy from amazon, shift to lower yielding services pb, no competitive pricing environment and late Holiday Shopping season. Look ....
On this afternoon. In asia, the nikkei was down the hang seng was up 0. 23 for european markets, the dax is slightly lower you see slight gains for the cac, the ftse 100, stocks in italy and in spain look at the Treasury Department. The tenyear is yielding 2. 090 . We have a very busy day going on in the markets. From wall street to washington, lets get you through the squawk planner. On the earnings front, three big banks on the docket starting with jpmorgan that will come at about 6 45 a. M we have Goldman Sachs coming in with its earnings. Those should be announced around 7 30 wells fargo earnings should cross the tape at 8 00 a. M Johnson Johnson will also report at 6 50 a. M. Eastern time well bring you a first on cnbc interview with the cfo right after that report. On the data front, we will be getting june re ....