Becky is off today. Looking in the green nasdaq to open about 78 points higher and looking to open higher as well also 22 points higher. Also treasury yields youll look at the 10year note at. 681. We have a lot going on today on the data front, details come at 8 30 eastern. Breaking news overnight. The House Transportation Committee issuing the final report on the 737 max list the failures that led boeing to design and the faa to approve the software that contributed to two crashes. Around the Safety System called mcas accusing boeing of concealing the information. Including concealing the existence of mcas from its pilots boeing says it learned many hard lessons as a company from the accidents and from the mistakes we have made as this report recognizes, we have made many changes to our company. They expect to get 737 max back in the air in the Fourth Quarter. Congress is expecting legislation to review the safety reviews of new plane models. Reporting that there was no singular mista
And blame baby yoda. Fresh numbers this morning on disneys new streaming Service Coming in as Worldwide Exchange begins right now i need a hero, im holding on for a hero till the end of the night hes gotta be strong and hes gotta be fast good morning, and welcome to the show im dominic chu in this morning for Brian Sullivan it is tuesday, november 26th, 2019, and what a difference a deal or two or three makes stocks coming off another recordmaking day with the s p and nasdaq both hitting record highs. The dow surging triple digits early in the session and really never looked back, partly in thanks to a huge merger monday more than 50 billion in deals sealed in one day alone. Topping that list, a 26 billion deal, a tieup between Charles Schwab and Td Ameritrade for that retail brokerage business on the heels of those numbers, heres how you and your money are looking this morning stock futures indicating the dow will open marginally lower by just about 17 points, again, from near recordh
We will bring you exclusive interviews from Influential Investment figures on the current challenges and opportunities. Leon we are 10 years into an up cycle. So at some point, the music is going to stop. Bill i dont think we will see a Major Chinese company go public in the u. S. For the foreseeable future. Stephen we are playing with a lot of Political Risk which is often ethical to trade through. Juliette we sit down with the pboc governor ahead of his meeting with secretary of the treasury steven mnuchin. Yi gang our policy for further hikes in tariffs or the escalation of trade wars, our policy toolkit is ready. Juliette and an exclusive interview with dallas fed president Robert Kaplan, and why he says it is too early to make a judgment on a rate cut. Mr. Kaplan should we be adding stimulus to the economy . That is a question we are asking. I am openminded about it. I think the risk to the downside in the last five or six weeks has increased. Juliette it is all straight ahead on
Also raised. Very interesting cutting edge, well talk about that. An fda panel backed an experimental Breast Cancer drug. Shares of the company soaring, it was up 50 on monday in anticipation of this. The news came out now, another 26 . Meg tirrell will have details in a little while. Puma is good jumpers, we know theyre fast and can get up a tree. The name of the km is puma biotech, not a totally nonsec ter. Treasury secretary mnuchen making comments on the debt ceiling. Reporter thats right, he was testifying before the house ways and Means Committee and called on lawmakers to raise the debt ceiling before the august recess. I urge you to raise the debt limit before you leave for the summer. It is absolutely critical that where we spent money, that we keep the credit of the United States as the most critical issue. Reporter he said that he believes congress should pass a clean bill, meaning that nothing else should be attached to it. Thats already running into resistance from conserv
0. 19 , nasdaq declining 0. 44 today. Ominous. Now, look, only in a bull market of Epic Proportions would we even think of asking such questions. Selloffs are a natural occurrence, and if they never happen, guess what. We wouldnt be so fixated on dow 20,000. Weve been fixated on dow 200,000. Of course that doesnt mean theres no reason for the decline or that we can ignore it. So lets go there. Lets explore whats sending us lower so we can figure out whether this is a simple garden variety profit taking move or something more significant that we actually need to worry about. First when disseconding any down tape, i like to ask myself which is the Leadership Group that was most bearish . Today it was retail. The standout negative narrative, the nasty miss by bed, bath, and beyond, a general merchandiser with a home emphasis that missed its projections by a mile, earning 85 cents when the street was looking for 98 cents. Negative 1. 4 samestore sales, much lower than the gain people were