1. 4 hang seng was up, and the kospi up in europe, things are relatively flat. Dax is down. And the cac is weaker. Crude oil prices on a tear this morning it is up again with wti trading. Can i say hello to everybody. We havent been all together awhile, kind of nice comfortable pair of loafers im wearing sneakers today. Theyre more comfortable than loafers. I dont feel like you have to do much to look better i can come in. Sneakers and no socks this is like sweatpants, when seinfeld wears sweatpants, youve given up. Let get you to the morning headlines. Heres whats going on in Corporate News peltz fighting for a board seat at prak tore and gamble. Theyll launch a proxy battle. Hear about it within moments my expectation is hear about it coming across the sec with a filing in a moment the move would make p and g the largest to face a proxy contest. Last week they rejected the request to name mr. Pelts a board member he is one of the biggest shareholders, second biggest roughly holding 3
Thanks for joining us, we start in south korea, where the has been violence outside of the courtroom after a decision which for which forced president parks wayne hay out of office. Ofegations after months turmoil. Elections due to take place within 60 days. France 24 has more. We act in the impeachment of south koreas president. Pyongyang, which usually waits days before responding to international as supposed international episodes, quickly issued a report. She had one more europe one more year left as president. She will be investigated as a common criminal. Reporter the mood was different where , calling on increased cooperation between the two nations. The impeachment is an internal affair for south korea. So we wont comment. But as a neighbor, we hope that south korea can maintain. Olitical stability this after deploying a roversial and another half him. Another call for partnerships. The japanese and south korean governments need to continue making an effort to implement a japan
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
That this market cannot bounce to safe its life. Each time it tries, sellers come in and push it back down. Much of that now has to do with oil, which was up nearly 4 today. Only to drop on that inventory data. Take stocks right with it. I think thats the biggest question now, joe. Why cant stocks in a tremendously over sold market catch a bounce . You just answered the question. It is about oil. The last two sessions weve had bullish activity as you approach the close that kind of lifted the market away from that potential overnight whoosh you would get. We keep talking about it from 2014. It doesnt mean the stock market cant have a bounce before doing that . The stock market listen, the market have very oversold. If Oil Stabilizes and if Jeffrey Gundlach is correct that yesterday of as shortterm low in oil, then, yes, we could have a bounce, but i dont think its sustainable. I dont think theres one thats going to reverse a lot of the negative price akt action that we have had not jus
The yield on the ten year in the last week is up about 15 basis points. Thats not even the peak. We were at 267, 268 early on. So were getting a swift market response to all of this strong jobs data today. The question is whether well close above 17,000 here, bill, and right now it looks like weve got a comfortable margin. Lets look across the markets. Dow is up. Session highs, 92 points. Again, only an hour to go until the close here. The nasdaq meanwhile, out performer this week up almost 2 . Its turning in a decent performance adding 23, another half percent. Finally the s p 500, at levels we have not seen for this index. Up almost 10 points. 1984, just 15 points away from 2000. Talk about this important trading day. Monica madea, part of our closing bell exchange. With seventh capital. John manly and ben willis from princeton, Keith Fitzgerald said it would be like this from Money Map Press and our own rick san telly. Cant wait to talk bonds with him in a minute. Is this a green li