vice chairman and they ll share what to do with your money amid this massive sell-off. let s have a look at what s driving the action the major averages falling into correction territory as the global brought yaoutbreak grows goldman sachs is warning that u.s. companies may generate no earnings growth in 2020 based on the elevated uncertainty from the virus and oil prices are plunging on the fears with crude dipping below $46 per barrel at the moment the s&p is down 2.9%, dow almost 800 points. joining us today is cnbc contributor stephanie link and senior markets commentator mike santoli. ste steph, you re always looking for the bright side, the growth and optimistic picture we were talking earlier, both of us were talking earlier that this feels like december 24th, 2018, when we got the big swish down and it was really hard to buy then it s really hard to buy now. but i can understand where we were selling off we were coming off of a much higher level now than we were i
this is afterall cybermonday this has a retailing bonanza and signals a strong economy into 2020 all right now look a this. another market rally not huge. but a rally. the dow is going to be up maybe 20, 25 point small gain for the s&p small fractional game for nasdaq this is interesting. china banned u.s. navy ships from calling port in hong kong retaliation for the president sign civil rights measure. little impact on the market. this morning, the pet restored tariffs on steal importses from brazil and argentine in that may have brought future down a little. later on today president heads to london for 70th anniversary of nato you ll go across world stage just as dmtds try to bring him down with another round of impeach m hearings. oh, what a day. another market rally shop until you drop online and yes we expect some choice words from the president of impeach m as he leaves for london got a big show varney and about company sb to begin. i want to, i want to dwell on holiday
day of november on the backs of home depot and kohl s, both tumbling after cutting outlooks and comps forecast. the record rally for stocks, it rolls on. futures as you saw pointing to renewed all time highs at the open and vaping crackdown. california suing juul for marketing to teens new york set to make a so-called major announcement of their own later today. we ll start with retail, though, home depot shares down on the premarket, earnings did beat but sales missed and company cuts the full year outlook saying integration is not delivering as quickly as they thought. kohl s tumbling on weaker guidance i was curious to hear you say a moment ago that lowe s is getting to be the better buy because we ll see that print tomorrow. yes i have to tell you, i think marvin ellison energized the place. one thing that happened was that lowe s fell behind home depot technologically. they didn t have the systems that is no longer the case as marvin ellison rolls out technology at
charleston. now, what that is is some warmer air is going to try to move on in during the night tonight into tomorrow. and tomorrow we ll be about 5 to 10 degrees warmer that nn it wa today. we re going to be tracking your travel plans. saturday still a bit of a tough travel day most likely in some areas. and looking cold for christmas. and not just cold, guys. there is a chance for a little bit of snow early christmas morning. i m not expecting much from that, but a much better chance of wintry precipitation, whether it s snow or sleet or freezing rain. we ve got a chance of a couple of systems next week as well. much more on that forecast and, of course, we re outside in prince george s county, holiday lights. take a look at this. wow, a great shot of a front yard here in prince george s county right here in clinton, maryland. we re going to talk much more about this, meet the family and say hello everybody out and coming. you see a lot of cars passing by. this is what we v
winds are picking up. but we should start to see this quiet down overnight. straight to the radar so i could show you what i m talking about. so right now that line of heavier showers is getting ready to move through the district. you could see it in that deep red and orange and yellow continuing to push toward the east. so in the d.c. metro you will hear the rain coming down. and then the winds picking up. so here is what you need to know. as we said through tonight and into tomorrow, dry for sunday. but by cass d by christmas da, we are feeling cold. snow chances taye to the north and west. a mix of sun and clouds. but i ll talk about your full christmas forecast. thank you. switching gears now, police plan to charge a teenager with a double murder that shocked a quiet community in reston. the victims a husband and wife would recently moved into the neighborhood. darcy spence ser live along black fur court with reaction from residents to this darcy. reporter: erika,