China. Facebook falling. A new report says the social media giant is no longer one of the best places to work. And a strike again. Yankees inking the largest contract again for a Major League Pitcher all of this as Worldwide Exchange begins right now good morning and welcome to the show im dominic chu in for Brian Sullivan trying to snap a twoday losing streak all remain negative so far the dow would open up just about four points, the s p about one point and the nasdaq about seven points pointing to the big fed decision later today. We are seeing some signs here, movement there to the down side 1. 86 . 10year note deals, twoyear note deals ahead there you can see the major board says hang seng up, shanghai compositity up and the kospi about flat for japan in european trade, german dax up 0. 10 . The cac off about a quarter a percent as ftse 100 around flat as well. So the faa is reportedly creating a new Safety Branch to address gaps in their oversight. The faa has come scrutiny for a
We create second down d 260,000 month. And there is the idea of a recession looming around the corner most of the big picture data points tend to be small. The Labor Department and payroll report this one tends to linger, painting the whole market in whatever light that report is and in this case, of course, its a positive light. These matter why . Because we head into next week its going to affect all of our game plan. On wednesday the Federal Reserve will reveal the next move when chairman Jerome Powell holds his press conference and after the fabulous numbers we got today, i dont know im worried. Im worried he can turn hawkish like did he late last year he took a wrecking ball to the economy. Colin powell, a wild card. Even though we have great job growth, there is not much inflation. That will be a Huge Positive if you take more hawkish tone, well, you no he what look out below and hes capable of that sometimes i think he just cant lose the old model the other big nine earnings eve
How the sector is shaping up for the condensed Holiday Season, already december 2nd why jack dorsey is planning to spend a big chunk of next year in africa. Well discuss it even if we know nothing about it never stops us no as we enter the first day of trading in december, stocks are looking to maintain the upward momentum following what was the best monthly performance since june the nasdaq was the top performer over the three major indices its november gain was 4. 5 , jim, as we head into 2020, amazingly as that is we have to look at the likes of apple and facebook and the incredible gains and some of the laggards in technology it is hard to imagine amazon is a laggard, it has been performing as has alphabet. I think people should watch jpmorgan and United Health which bottomed at the exact moment when the of senator warren hit its peak i continue to believe like you do, david, it is way too early one thing i would say, there is no reason for jpmorgan to be up where it is, given the
Kind of an ugly day, dow shed 113. The nasdaq declined 0. 15 i wont hammer you on the trade talks but highlight an opportunity that works regardless of how things play out with china for all we know the trade tussle could be with us for ages. I dont want you missing out on amazing opportunities that we see out here that arent bound by the narrow confines of the prc versus the United States so let me lay it all out for you. Thousands of companies are in trouble right now because they dont know how to deal with technology they dont understand the sales force or cybersecurity or pagerdutys always on mentality. If you want to compete having the right tech gives you an enormous edge. Thats the thesis that bind so many of them thats why target i think reported a blowout quarter, not just this morning and by the way a lot was Brian Cornell knowing how to use technology and kohls reported a hideous shortfall yesterday. Target has the right kind of tech kohls hasnt spent enough on it more later
But after a session with the dow dropping 160 points sell, sell, sell. The super bowl backslid 0. 49 . And the nasdaq lost 0. 80 . Really that was a day. You need to understand the economy doesnt work like that it is not like were teethinger between good and bad well have one set of good numbers from the Domestic Companies doing just fine. As long as the trade war continues well have another et self bad numbers from companies that are hostage to the Global Economy and doing terribly the chinese trade delegation went home early, instead of hanging out with farmers in montana, suddenly the market rolled over. A lot of investors believe until the big sky country darkened we might be close to a deal but there is knock on the horizon. If china would do something as low stakes as this farm visit, hence todays selloff as i told you it will be harder to reach an accommodation with the peoples republic than many people seem to think that is a good place to start our game plan. I think there cou