Market we have a great lineup of guests coming your way well speak exclusively with Morgan Stanley ceo james gorman. His take on the markets come back the read on the economy and the strength of the banks. Plus, you will hear from the ceos of macys, Signet Jewelers and brown foreman. Theyre joining us to discuss their path forward for their respective irz stroo respective industries. But lets begin with the Broader Market the rally, take the pause today following the rapid surge that pushed the s p 500 back into territory for the year if we close higher well get another record close for the tech hefin dechl. What you are watching . It does look that way, sarah. A recoil from the recent trends. The headline index is pulling back outside of the index. The majority of volume is to the down side. This is one day where the indices are understating the weakness they want to take a look at the one year really all the pullback meant is a little dip below 3200. It held there and bounced modestl
And shanghai up 18 points. The dax up by a half percentage point. Similar gain for the cac in france the ftse in london up by a similar amount the yield in the to twoyear, up 1. 763 also look at gold prices because they were under some pressure yesterday gold down about 1. 6 1,27 1,279. 50 lowes is recording 1. 05. Above the estimates of 1. 02. Three cents above estimates. The revenue number that im looking at, at least sales, 16. 8 billion thats a bit above looking at this forecast company sees fiscal year eps of 4. 20 to 4. 30 if thats not an adjusted number, its below the 4. 50 on the estimate here. 1. 05, three cents ahead. The company is supposed to earn 87 cents next quarter that would have gotten the company to 4. 50. They beat it by three, so they only need84 cents in the fourt quarter to hit that number maybe thats adjusted. If its not adjusted, its below the forecast maybe theres something there. The adjusted number may be different than the 4. 50. Looks like theyre lowering
Board seat hes going to join us for a live and exclusive interview in this hour. Blue apron down almost 7 this morning as the stock is further from its ipo price a lot more on jeff besos competitive muscle. Stocks are looking to make more history 68 in total and next week will be even hotter. Make or break and some companies are real stand out i look at microsoft and think they can deliver theres negative commentary about ibm. Obviously this is the last Conference Call for ge lets see what they have to say. This is a make or break week it always has been this sets the tone for the quarter. It is a kind of remarkable time because a lot of these companies are very international and we have really good numbers out of china last night europe is coming back. Some will be saved by overseas retail sales over there. The estimates though, 68 for the quarter. It was 66 at the beginning of the quarter so we havent had them as they normally do. No, thats a big change the domestic economy is strong
Sea. No, not a giant squid or Chris Hemsworths biceps, theres a gigantic cargo ship in operation. Look at that thing. It literally is a monster ship. I know, and we are going it talk about how this could change the shipping business forever. Tyler is out all week. You just saw mandy doing the halftime report. A lot of swaps going on today. Stocks are sinking on the final trading week of the year. Major averages down a half a percent overall but its not all bad this year. If you own these stocks, treat your family to a nice dinner soon because you have made some money. Netflix up 135 , amazon up 115 , activision nearly doubling this year and nvidia up more than 60 . Oil and Gas Companies have been leading the declines. Chesapeake down 80 for the year. Consol and southwest energy down 75 and a list too long to mention of many more stocks down 30 , 40 or even 50 in the group so far this year. In the meantime, the financial and the Telecom Sectors are kind of the january and peter bradys o
Under arrest during their investigation search continues for two suspects and whether drugs were involved. Brookline Police Searching for two men in connection with a violent attack, one man sped away in this white ford focus, another got out of the car and walked away. We have leads. We have a lot of work that has to be done. Reporter they left two of their accomplices, both stab wounds, one had a gunshot wound. They are under arrest at beth israel. Began when the four men got into a fight with a man in an apartment on st. Pauls street. Now police are looking for two men still at large. Community should know we are working hard to get everybody into custody, and that we know these individuals had a reporter two men placed under arrest, they are being charged with armed insult with intent to murder and rob. Fifth man injured is in stable condition according to police. Live in brookline, jennifer eager 7 news. Former providence, rhode island mayor vincent dies at 74. His life and legacy