Thank you for reminding us it is tuesday. I nearly said monday. Just about caught it. Lets check on Global Markets this tuesday morning. A muted session overseas as well look at u. S. Futures right now. They are indicating a higher open, which would technically mean a new high for the s p 500, which right now is up about 4 points in premarket trade. Dow jones seeing a gain of 40 points. Nasdaq up just about 12 points here in premarket trade. I think the story from last week was the trump reflation trade was back. We got between 1. 5 to 2 of gains. The bond proxies underperformed, and banks led the way. The one part of the trump trade that did not take part was the dollar, which we can come into more detail later. Lets look at the tenyear treasury note. Yields spiked in the middle of last week. They did settle by the end of the week. For the week as a whole yields were up. They did rise late friday and over the weekend, 2. 45 the yield there. Patrick harker the latest fed member to add
Wti is higher by 87 cents, 54. 27. Brent is higher as well, 92 cents. 57. 10 over in london. Nat gas is lower by 7 cents. Decline of more than 2 . Among the top corporate stories, kraft heinz is withdrawing its bid for a merger with unilever. Kraft worried that it would be too hard to negotiate after the Public Disclosure of its bid so quickly. A kraft spokesman said the company intended to proceed on a friendly basis but found unilever did not wanted to pursue a transaction. Restaurant brands is in advanced talks to buy popeyes. The deal will probably be valuing popeyes at 1. 7 billion. An announcement could come this week. Wandas proposed 1 billion acquisition of Dick Clark Productions is under pressure. Wanda is run by chinas richest man. It already owns Legendary Entertainment and amc entertainment. Reuters reports wandas deal for dick clark is shaky but not yet dead. Part of the problem is they cant get the money out of the country. By the way, on this kraft heinz deal tell us. It
Complete report. And macys Ceo Terry Lundgren will join us at 7 00. And jerry storch will also join us live. Stocksindicating opening higher. Ri the dow would open higher by 52, the nasdaq, 3 1 2, and the s p 1 1. 63. In asia, hang seng, higher bay half percent. European equities have been relatively flat. Right now all are lower. The italian market, theres a big referendum being held on sunday, november 4 t december 4. The economist endorsed a no vote to telling italians when they go to the polls to vote no. The underlying issue is this doesnt speak to the core issues that the italian people face. If they vote no, what happens here . How does this spin out . Everybody thinks its gloom and doom. I dont think people believe that anymore in the wake of brachial plexus and the election. So you tell me what youre thinking, ill think the opposite. The elite think it will be horrific, the polls say no. Which makes me think yes. Thats way too confusing. If they vote no, there will be a genera
That in mind as we give you a look here at futures. We are looking for an up open at the open. European markets have been open and well give you a quick look there in terms of performance. You can see mixed bag with germanys dak down ever so slightly. Theres the 10year 2. 37, the story since the election. Theres a look at crude and brent as well. Lets get to our road map this morning. Black friday is upon us, but is it actually worth going shopping today . Were going to get you up to speed. And speaking of retail, well talk to the ceo of target, that companys plan to accommodate shoppers in store and online during the busiest time of the year. And president elect donald trump couldnt quite resist tweeting on thanksgiving day. His plans to keep that carrier airconditioning plant in the United States. That is the latest on his Transition Team all coming up. Ceos of major retail chains weighing in already on black friday. Heres what macys Terry Lundgren said earlier on squawk box. On a va
Is always about money. Healthcare. Gov is plagued by glitches. Glitches. Glitches,. Glitches,. Snafu. The bugs kinks, whatever you want to call this. Glitches. [laughing] yes apparently the healthcare. Gov website has 99 problems but a glitch is all of them. [laughter] melissa jon stewart, not pulling any punches but he is calling it like it is and the bottom line is, healthcare. Gov just wasnt ready for prime time. It is a big business lesson for everyone. No matter how much time or money is spent on a product it is essential to know when you have to just pull the plug on your launch. Face it, time is money. With me, my favorite marketing guru, bruce terkel and Business Owner bart larang. Bruce, let me start with you. Were looking at perspective to going back and rehashing, Harvard Business school case study. This is a classic product launch. It is not ready to go to sayo the least. What advice would you give a ceo in the situation . The advice you give to the ceo before the situation