Entrusted with getting unemployed americans back to work. Labor secretary Eugene Scalia joins us live. We are going to get the scoop from scalia on how urgent the situation really is right now. Retailers among those of course hit the hardest by the coronavirus pandemic. We have the founder of one of the most visionary Mall Developers in the country. The grove in l. A. , i dont know if you have been there, its one of his. He is here. Caruso founder rick caruso on how hes making his california dream of safely reopening come true. This is a fox business exclusive. You got to see what hes doing. And netflix has emerged as one of the top pandemic superstars. The streaming giant reports earnings after the bell. Our allstar panel digs deep into the numbers with the one number that may tell you the whole story before the Earnings Results even come out. You have to stay tuned for that. But lets get to this breaking fox business alert. Treasury secretary Steven Mnuchin seen here arriving at tel
Delivering we have all the details. Power lunch starts right now lets take a look at the markets now. Stocks just slightly higher putting them in record territory. All three indices hitting all time highs check out shares of disney the big dow winner again today that stock is up another 3 . Now more than 14 in the month of november alone. The dow and s p 500 hitting new record highs today bob is at the New York Stock Exchange every time we tick up its a new high hey, another record high people are remaining very bullish, are they not in. Shockingly bullish. Its the diversity of the rally that made peel bullish its not just the fantasy. Its quite amazing theres two things you want to market about the market in november the lows for the day are right at the open and the mark is driven upward. This is a notable print in november thats not always followed in many other months. Second thing you want to know is the stunning diversity of the rally. You rarely get this kind of thing. Boeing an
But the 52 billion man, Mike Bloomberg, was not in the debate. All in all, it was rather subdued affair, especially sense it came just hours after another day of impeachment hearings. Oh, how different from the highly rated Republican Debate four years ago that featured donald j. Trump. Thats that. The debate. Lets get to the money. Macys profit went up, sales went down. The retailers very much in focus as the Holiday Season gears up. So far, Department Stores like macys have been struggling. They are largely based in malls and malls are getting clobbered by online shopping, amazon in particular. Macys stock will be down about 4 . Look at this. Charles schwab, number one discount broker, talking about a merger with number two, ameritrade. Looks like they will become a very big bank that offers free stock trading. The whole brokerage world, really shaken up. Both of those stocks up significantly. Overall, the market is still yanked around by trade headlines. The president says this, the
In europe, things have barely budged in most of the major markets. Cac is flat. Dax is up 0. 1 . The ftse up almost 0. 2 . Crude oil prices continued to climb yesterday. This morning giving back just eight cents. But there is a thought that with supplies in the United States experiencing an unexpected draw down, and with more countries looking like they may support saudi arabia in terms of continuing that production cut, we have seen prices that have stabilized well above the lows weve seen earlier this week. Wti trading at 47. 76. Some big corporate stories. Retail wreckage continues. Department store chains taking a major hit. Nordstroms posting better than expected earnings and revenue, but the stock dropped on a samestore sale miss. Theyre the latest Department Store to get hurt by a slump in clothing because of online shopping. Macy shares dropped 17 yesterday during the trading session after Quarterly Results missed. It was the worst day for macys shares since 2008. Well get anot
Singing today. At the cnbc offices. And apparently soon around the world. Karoke day in the news room at cnbc. By the way, can you shoot just look. Its fleet week as well here. Wave, everybody, guys, say hello to america. There you go. So we got Barry Manilow, fleet week, and the whoop whoop will be coming up in 30 minutes as well today. Adjust your volume. Theres other news too, though. We have to get to it this hour. Bmw and volkswagen caught in the cross hairs after President Trump slammed the german auto makers. Whats behind the harsh represent reck coming up. The ceo of netflix said its biggest competitor is sleep, remember that . Now facebook could be trying to give netflix a run for money as well. Details on that story coming up a little later. As amazon and alphabet crawl towards 1,000 a share, we begin with stocks in that prestigious 1,000 a share club, dom has theres only one stock, other than berkshire hathaway, right . Of course. The 1,000 stock club is verified, for sure.