Of december and november was a very strong month for stocks, even though you did see some declines on black friday youre looking at the best returns we saw since june for all of the major averages. Last week again, you did see some big gains too right now the dow, s p and nasdaq are still less than 1 to 2 of the intraday highs with these gains, youll see them challenging that as tom mentioned. Although, i also remember last the first trading day of december last year. Not quite as much fun. I still have some night mares about that. Would not be the only one with scars leftover from that. I think the dow was down 15 at one point in december last year we were having a great year. Markets were up, not up like they are this year. Bottomed on christmas eve, december 24th and saw things take off from there. Its been a very strong year. Will a santa claus rally power the s p 500 and dow to their best year in a generation . Could happen. Were up a lot. What will that take to get there, 5 . Pro
S p is now down 2. 25 the nasdaq is off by 40 points that happened after news that we heard from beijing that well tell you about in a moment Interest Rates are a huge part of the market story. Yesterday we saw the inversion of the twoyear and the tenyear yield. So shortterm bonds are paying more than longterm bonds. Historically this is considered a recession warning sign check this out the 30year bond this morning is now yielding below 2 . This is the first time in history weve seen the 30year below 2 1. 99 . Tenyear is yielding 1. 557 . The twoyear is yielding 1. 54 lets look at what happened in markets overnight in asia. Things got a slower start there. The nikkei was down out of the gate it ended down by 1. 2 . In china, stocks are stronger. Shanghai is up by a quarter percent. The hang seng up by three quarters of a percent. In europe, there is active trading taking place, you are seeing some red arrows across the board. The biggest decliner of the three major averages would be t
And we have ruined new sand former President Trump moving into biden biden economics in this new disturbing, jail report, thousands of u. S. Troops, live in squalid dirty conditions, right here in the u. S. And we have more of those images and more democrat governors, joining border officials, limning bidens more than 400 executive actions for collapsing the border and democratic senator menendezs defiant after u. S. Bribery charges of illegal pros though, are already taking part his new defense and part of congresswoman, locascio cortez, baffles everybody and claims that she brought a tesla car nonUnion Electric car because the pandemic and on Elizabeth Mcdonald is an mcdonald and the evening edit, starts right now. Liz welcome to the show must get right at it and we are just two days away from the foxbusiness republican debate, and this field is expected to sharply narrow quickly, Grady Trimble is live at the scene of the regular very and simi valley california, with more grady. Hey
Investigators. The Top Republican on the House Intelligence Committee warning that the justice department, the fbi, may have broken the law with those fisa applications. How . Well ask chairman devin nunes hes here. Also looking live outside palm beach florida where the president the expected to return. His latest move sparking fears from wall street to main street, were about to enter a nasty trade war. Thats where we kick things off. Since it seemed to affect some traders and some stocks. Lets get the latest from tracy. Tracy . Good morning, neil. Thats right, a real tariff war could be erupting right now. Lets take a look. Wall street reacting quickly to the president s sudden and somewhat vague announcement on thursday afternoon ig viting a igniting a sell off in a market already on edge on rising u. S. Interest rates and bond yields. The idea of what essentially would be a 25 tax on imported steel and 10 on aluminium sent stocks tumbling. Investors spooked by the prospect of a glo
Beyond offering a seamless shopping experience, Lazada is empowering sellers to grow and thrive, championing sustainability and nurturing a safe digital environment.