Lets see how things did overnight in asia. Asia was leading the declines yesterday. This time a little different story. Nikkei closed up by 1. 5 hang seng was up by 0. 6 shanghai was flat. In europe, at least at this early trading hour, there are green arrows across the board. Barely hanging on for the ftse the dax and cac each up by better than 0. 6 looking at crude oil prices, at least right now, crude oil looks like its down 7 cents 55. 26. Couple big stories were watching, mattel has rejected a takeover approach from rival hasbro reuters reporting that mattel believes the offer undervalues the company and doesnt take into account the potential for regulators to rejected the deal on antitrust grounds reports saying mattels new ceo who took over in february may be trying to drive a harder bargain in talks with hasbro the company cut its fullyear revenue outlook. You are looking at both of those stocks now time inc is reportedly restarting talks to sell itself to publisher and broadca
Bitcoin is also said to be in a bubble. The price has gone up 20 fold. Betty forget about the equity markets and bond markets, which is going to be focused on bitcoin, right . That is the big distraction for traders right now. Bitcoin futures are for the first time trading on the cboe global index them a big milestone for the financial markets. I dont see a whole lot of movement at this point. Be an appears perhaps to opening price, but i cant confirm that right now. We are watching as these traits start coming in. , brokersthe traders are saying dont expect huge movements. This may be a slow burn coming thewhere we finally for first time, have these derivatives traded on bitcoin. Yvonne it could be a welcome slow burn given the volatility in bitcoin for much of this year. Levoss mentioned, the wink twins banking on this, they are saying it could have 24 growth in the future. Morehat it has become mainstream, it could provide perhaps more stability in cryptocurrency. On the other hand,
Holding in europe. Yes they are the dax, chief amongst the leaders with quite a significant gain this morning. 10year note yield, been hanging around the 2. 4 level there we are, 2. 378. You can see wti up 32 cents. Lets get to our road map this morning. It does start with that market rally you just saw the futures are pointing to new records on growingconfidence that republicans in the senate and house are going to pass that historic tax cut plan this week. Plus, well have more on csx, investors are worried given the turnaround strategy may be in doubt after the sudden death of Hunter Harrison. Surging in the premarket after an upgrade from jp morgan. And weve got plenty of deals to talk about this morning. Geez, we sure do. Well get to those and talk p g. Lets get to stocks first. They are on track to open sharply higher, this on optimism on passage of the tax reform legislation. The house is slated to vote on the bill tomorrow followed by the senate with republicans hoping to get it
Happy new year to all our viewers. Lets look at markets this morning. Coming off a bright session in asia, less bright in europe. Were mixed here the nasdaq slightly lower. The dow and s p slightly higher. We had a selloff to the end of trade last week, last year as well and that meant that week to date we had slight declines in the u. S. , but clearly still gains for the month, the quarter and the year Consumer Discretionary, the best sector for the quarter and tech the best sector for the year tenyear treasury, saw lower yields close to 2. 5 on the tenyear but ended very close to 2. 4 again, which is where we are now. 2. 43 . Lets look around the world starting in asia and see where equities ended up. You can see mostly higher for china. The hang seng higher by 2 shanghai up by 1. 3 . The kospi higher by a half percent. Better than expected data that we got out of china. Thats helping a bit here. The nikkei was just slightly lower for that session thats despite what we heard out of n
Shore freeway and now they are building from 22 minutes to the may. Weve been talking about the rare lunar event. And right now were in the heart of it. This is the Lunar Eclipse that is occurring. And the totality ended at 6 07 this morning. This is a livestream from nasa. And the Research Center has been checking on the observatory. You see the reddish tint. That is happening as we speak. And were gadget lot of really getting light of really cool pictures. Thank you. This is what the moon looked like. They say it was not as impressive for santa rose pd. But it is still beautiful. The forecast this morning, were in luck t is clear out there it is clear out there. A few areas of patchy fog especially in the valley but a few high clouds. But nothing to be restricting the view ability south bay an east basement and it is looking pretty good for bay and it is looking pretty good for most of us. Ill send it back to you guys now. Firefighters right now on the scene of a stubborn scrap yard