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The funeral. You always do the black. I have the same 25 suits i wear all the time. That way i dont have to think of what to wear. Its the jobs anyway. 25 shirts, 25 suits, 25 tie, every morning i say, i wonder which one im going to wear . Are they all adent cal . They are. I like to travel with plaque, it doesnt wrink him or you are cant see the wrinkments its a crisp look when you talk about money, you should wear a jacket andrew, hint hint loose, ill put the jacket back on. Respect the capitalist way. No question laying it on very early this morning. Lets give you a look at where stockmarkets futures are at this hour we had a positive close t. Major averages avoided a threeday losing streak. Can you see we are green arose for futures. The s p would open up shy one. T. Dow would open 31 points to the upside t. Nasdaq would open up about nine points. Of course, this follows some fairly positive trading overnight in acia. We saw better than expected retail sales in japan. We seen yen s ....
Coming up. We do have quite a rally with the dow in particular. The transports continue higher all the major averages are in record territory. We also have big calls on the Airline Sectors today and the banks as financials get set to report. Were heading into earnings season well have you up to date on those. Lets start on the floor of the new york stock exchange, mr. Robert pisani joining us with a recap of whats going on as we get ready for earnings, right . Yeah, a lot at stake here, but sixday winning streak, just six days in a row since december 17th p nasdaq has the best sixday winning streak since the end of january 2016. Were starting earnings on friday, there are very High Expectations thats my theme. A shortterm risk. The markets. Just on earnings, analysts are much more optimistic we hardly got any last quarter here were expecting bigger beats, not by a penny o ....
This year. And tom lee has one of the years hire forecast yea years higher forecasts for stocks mike wilson, you had a base case but then you said bull case of 3,000 is much more likely. So you are throwing around the euphoria word and that makes some people kind of nervous about where we are sure. That was our call in 2017 as you recall, we were way out of consensus at 2700 basically calling for euphoria that we hadnt had that yet in this cycle. And so here we are, so i hope you enjoyed it because last year was pretty damn good. So the 2750 target base case is a year end target. The 3,000 bull case we think we could actually hit that in the first half because were obviously getting more momentum than expected. Not only from a market standpoint, but also the tax cuts were bigger than what we were forecasting 21 as opposed to 25 . And were getting a little chase. But i want people to understand what that is this is not a better risk reward than last year this is a worse risk reward beca ....
Bouncing back. This is Bloomberg Markets asia. Haidi the dollar demise. It any dollarid is looking for an excuse to take it lower and has been given the green light. We have these comments from the treasury secretary, and also essentially saying that a weaker dollar is good for the u. S. Economy and competitiveness. Interesting given the rhetoric coming out about china and south korea and taiwan over the past few years. Rishaad absolutely. How does it fair when it comes to individuals . Company earnings . We are in the midst of a stellar earnings season. The dollar does play into this. Here we go. The bottom half of this shows you what is been going on with earnings estimates. Of dollare a bit weakness. But generally speaking, we can still see a move to the upside. What it does tell us is that the percentage gains under the Asian Pacific index, that the bull market is not o ....