Snapped last week. European markets, lets look at them as well and see how they are faring at this time. You can see down across the board including italy and spain, thanks and france is the worst performer at this hour crude was up a tiny bit, wti kind of a quiet story last week, 56. 76 and theres the 10year yield at 2. 38 lets get to our road map this morning on squawk on the street squt General Electric slashes the dividend by 50 . John flannery outlining his new vision and a Major Corporate revamp plus, wall street pullback, you saw stock futures pointing to a lower open investors still closely watching earnings and any progress on tax reform going on amongst our lawmakers on capitol hill. Toy takeover, shares of mattel surged on friday jim and i will get into that and into the official rejection from qualcomm of broadcoms bid, a lot to get to actually lets get to ge now. Its investor day, just getting under way started at 9 00 a. M. The dow component announces it is cutting Quarte
Worldwide exchange. On a monday. Opposite sara eisen alongside mike santoli. Good morning. Happy holidays. Last week 2016 all week playing the top songs of the year. Might be the first time i hear some of them. I have to admit. So sad. We are all over the trending music here on Worldwide Exchange. Lets check in on the Global Markets first thing this morning. Lets take a look. We have a futures i think trading pretty quietly just below, slight lie below fair value on the s p, the dow. The dow still within hailing distance of the 20,000 mark. Made a near approach last week but flattened out. Seven straight weeks in a row. Take a look at the bond market what its doing this morning. Or do we have Global Markets the ten year trying to come up here. But youre right. 13 points away. Just 13 points away. We calculated few cents on each dow but never got there. Ten year note yield somewhat higher. 256. We may the high on the yield on the 15th of december about 2. 6 and hovered right there as we
Uncomfortable to learn through question thatt a posed nearing a town hall last march in flint, michigan. Cnn announced that it had accepted braziles resignation two weeks ago. Revealedial reportedly for least a second time brazile had communicated about questions of candidates might be asked on the air. Islamic state claiming responsibility for a suicide car bombing at a popular baghdad market. At least 10 people were killed with dozens more wounded. The blast was one of several in the iraqi capital this weekend that left a total of 17 people dead. Remarks call into question Key Assumptions about who will step swn after president xi reshuffle next year. Saying retirement rules need to asflexible and revised circumstances require. Global news 24 hours a day in over 120 countries. Im mark crumpton, this is bloomberg. We are 30 minutes from the close of trading in the u. S. Scarlet racing news crossing the bloomberg breaking news. More on this and how the stock is reacting, you only need
The odds of regulation ahead. We begin with the biggest ipo of the year. First data hardly budging from its ipo price as we stand right now. Is the ipo market in trouble . Bob pisani joins us from the floor of the stock exchange. I guess the answer would be, not necessarily, right, bob . Yes. And more accurately its not in trouble but its repricing and thats good news for investigators. Its buy low, sell high. Stuff is on sale, people are taking advantage. A little quiet behind me but this morning it was very, very busy. Priced at 16, opening at 16. 39. You might say they were talking 18 to 20, isnt that a disappointment . 15 haircut getting it done was the most important thing for this company. Very difficult ipo environment and they got it out. So what would be good today . Anything with a 16 handle, anything would be good and that would be perfectly acceptable to the people who are involved in this deal. Nyse ipo pricing postponed, thats why were hearing on albertsons. They did make
Equal. Here are the numbers for thursday. The Dow Jones Industrial average rose 217 points. It finished at 17,141. Nasdaq notched an 87point gain. And the s p 500 was 29 points higher. As for that iffy Economic Data the Labor Department said its index of Consumer Prices fell a seasonally adjusted. 2 in september. Its not much, but its the biggest drop in eight months, and it leaves inflation well below the Central Banks 2 target. Now, the reason for the decline is primarily because of falling gasoline prices. And it is that drop in gasoline prices that caused millions of Older Americans to get some bad news. The federal government today made it official, that Social Security beneficiaries will not get an annual raise in benefits next year. Prices arent rising enough to justify one. And as Social Security benefits remain flat, nearly 1 3 of medicare recipients could be paying a lot more for their monthly premiums. Hampton pearson has the story. Reporter there will be no cost of living i