To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
Fears. And companies from roku to Western Digital have been tempering expectations thats hurt sentiment a bit. Gold is at a record high nasdaq set for another record close, comfortably now up a full 1 . Continuing that breathtaking rally, coming up on todays show, the bet on pets. The ceo of the company that makes medicine for pets and l e livestock. And more earnings rolling in today after the bell, including uber, dropbox and t mobile also a first on cnbc interview with mike seifeieve seavert eamon javers has the latest on the stimulus stand offin washington, and phil lebeau is watching the airlines. Start us off with the broader market, mike. Today is a good example of how we are now in a market moment where the threshold for rallies on news is much lower than the threshold for a sell out. Nertsd, the market takes most good news and kind of shrugs off the less good news we got the better than expected but still kind of ugly jobless claims number. That palmback went away. We were fla
Good morning and welcome to the show im dominic chu live at cnbc global headquarters. We begin with breaking news as stock futures indicate what could be a losing start to the day after the long holiday weekend. If these futures losses hold into the opening bell for regular cash equities trading, the dow would be opening by down by 300, the nasdaq off by 28 and the nasdaq down by 100 as well this selloff after an historic week for wall street the s p posting its best weekly gain on a percentage basis since 1974 the russell 2000 Small Cap Index posting its best week ever and as of this morning, the dow, s p 500 and nasdaq are all less than 20 off its most recent record or 52weekhigh levels. Turning to the bond mark, the twoyear treasury yield ticking higher, 23 below basis points. The tenyear benchmark treasury note yield a little below 74 basis points or 0. 74 . Well just take a look at the 30year long bond, 1. 35 the last trade there to the Energy Markets now and the group known as op
You need to balance in order to be a great investor. It can be hard to keep track of everything that you need to do a lot of this is more important than daytoday action without the right discipline or frame work and the right, dare i say philosophy youll get yourself into trouble but big picture Financial Advice can be hard to process. A lot of it seems down right contradictory to most people we tell you to stick with the companies that you believe in and then we say change your mind on a dime when the facts change. You need to be cautious because its so dangerous out there but you also need to be ready to pounce at opportunities when they present themselves. You need to be skeptical but you also need to know when to suspend your belief. Your disbelief you need to avoid chasing stocks that have run too much but you also shouldnt care too much where a stock is coming from if you believe its headed higher you know the rules it doesnt mare where the stock is coming from its where its head
Investor that it would be hard to keep track of everything you do and a lot of this stuff is much more important than the day to day action. Without the right discipline, the right frame working the right dare i say philosophy, youre going to get yourself into trouble but i also know big picture Financial Advice is hard to process a lot of it seems down right contradictory to most people we tell you to have conviction, to stick with the companies you believe in and say you need to be ready to change your mind on the dime you need to be cautious because its so dangerous out there but you also need to be ready to pounce on opportunities when they spent themselves. You need to be skeptical but you also need to know when to suspend your belief, disbelief you need to avoid chasing stocks that have run too much, but you also shouldnt care too much where a stock is coming from if you believe its headed higher you know the rules, it doesnt matter where a stock has come from, its where its head