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Rebounds, even as saudi arabia turns up the heat. The kingdom is now threatening to flood the market next month. Relisting into the White House Briefing on the coronavirus. Larry cutler is currently speaking. We had a lot of momentum in the First Quarter. I recognize the challenges, and that is why we are proposing to combinel measures with monetary measures that have already been taken. The president intends to bring the full power of the federal government to deal with these health and economic challenges. And a word from the surgeon general, jerome adams. Evening, everyone. As surgeon general, whether its opioids or cigarettes or the coronavirus, i job is to help the American People understand how to live a healthy life. I am imploring all of you to help share my prescription for america to overcome this coronav ....
The final techs, and the Trump Administration places new sanctions on iran putting the middle east back in the headlines. Were down 90 appoints or so down about ten basis points. Joining us for the shore is dan nathan from risk reversal advisers wassail pullback warranted when you think about how we closed the year out, the fact that were kind of up a percent, the s p 500, a couple in the nasdaq more of the same, similar outperformance that we saw, tech stocks in particular the market is digesting a bit. A lot of news, volatility. 29,000, of course, where were below that level we did have three record closes, with the ten basis points of declines 58 1 2 minutes left. The dow hitting 29k earlier in the session. Were on watch to see if it makes it above that level. Bob pisani Steve Liesman is wrapping up the jobs report, and sean darby from jeffries is here with his outloo ....
We are down. Energy is the big drag today. You have oil down thats weighing on london right now. Novartis, people go on about the defensive nature of the pharmaceutical sector. Heres a Company Delivering on that. Maintaining sticky with guidance. Investors like the narrative that continues in terms of money coming back to them. That stock certainly responding strongly today. Imperial brands down by 3. 05 . Rishi sunak has set effectively over time he will raise the as it would age at which you can buy cigarettes in the u. K. , effectively he will be banning the purchase of cigarettes. If youre a 14yearold now you will never be able to legally buy cigarettes in this country. Its having an impact. Imperial brands down. Alix you also stole my oil thunder. S p down by 1 . We got adp weaker than estimated. We also have the ism Services Still doing well. New orders were weaker ....
5. 30 6 million homes. This is after a gain of 4. 7 of the prior month. Economists were looking for a figure of 5. 4 million on an average day so its coming in a little worse than anticipated. This is not necessarily a number that will move the overall market but i am watching the xhb which is the homebuilder etf and were not seeing much movement. It remains higher by about half of 1 . It looks to be taking a little bit of a leg up after these headlines came out. Erik thank you. Coming up come the best week of the year for the s p 500 and stocks appear to have stalled today. Surprise due to the fact we are in a holiday short week. It is thanksgiving and traders will be off friday. Off on thursday and friday will have some activity. Julie we are seeing a little changed mixed market. Its a Holiday Weekend by intends to go down and very little change across the board with the nasdaq doing the best and its only up 2 10 of 1 . It was ....
The poll the stimulus right out from under the market . Joining us now, editor for money news ultimate wealth report. Ceo of mclean Financial Group and resident scholar at the American Enterprise institute. Thank you all for being with us. Lets start with stan and go right to the economy. Where does this put stimulus . I mean, things are Getting Better cards a . They are. This is a reasonably good jobs report. If things continue this way the Unemployment Rate will slowly, slowly go down. Eventually approaching 7 . I do not think that this will keep the Federal Reserve from tapering away had been signaling that they will. I think maybe september, maybe december. Coming down quantitative easing. Here is ....