And is there no stopping the house of mouse another Box Office Record for disney well tell you about that and more as Worldwide Exchange rolls on right now well, good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching im Brian Sullivan all right. It is nasty in the new york area i dont know how else to put it. It is cold it is rainy. It is even snowy wherever you are. In fact, careful on the roads out there. The drive in this morning was a little bit slushy, little white powder on the road you have to be little careful out there. By the way, its notonly the final month of the year, final month of the decade. Wow. Futures, theyre decidedly warmer than the weather, dow futures up 100 points right now, up 128 gaining little momentum as early as it is. Do you remember what happened last december . Remember all year pretty much higher on the year heading into the month only to have the worst december since 1931. That sent stocks lower on
How the sector is shaping up for the condensed Holiday Season, already december 2nd why jack dorsey is planning to spend a big chunk of next year in africa. Well discuss it even if we know nothing about it never stops us no as we enter the first day of trading in december, stocks are looking to maintain the upward momentum following what was the best monthly performance since june the nasdaq was the top performer over the three major indices its november gain was 4. 5 , jim, as we head into 2020, amazingly as that is we have to look at the likes of apple and facebook and the incredible gains and some of the laggards in technology it is hard to imagine amazon is a laggard, it has been performing as has alphabet. I think people should watch jpmorgan and United Health which bottomed at the exact moment when the of senator warren hit its peak i continue to believe like you do, david, it is way too early one thing i would say, there is no reason for jpmorgan to be up where it is, given the
How power lunch starts right now the dow is down about 200 points slightly off the lows of the session. The big loser is the nasdaq. Down by more than 1 ty thanks very much. President trump heading to the nato summit in london today. Before he left he cast more doubt on a trade deal with china. President trump was noncommittal today on whether the phase one deal would be done this year. The chinese are always negotiating. The chinese want to make a deal. Well see what happens President Trump tightened one screw on china by signing into law a bill with hong kong protesters trump faults the countrys massive devaluation. I gave them a big break if tariffs. Its very unfair to our manufacturers and very unfair to our farmers. Our steal companies will be very happy and our farmers will be very happy on top of all of that theres still the usmca where officials are hopeful for movement soon. Theres eight working days left in the capital back the you trade concerns only part of the reason stock
Of december and november was a very strong month for stocks, even though you did see some declines on black friday youre looking at the best returns we saw since june for all of the major averages. Last week again, you did see some big gains too right now the dow, s p and nasdaq are still less than 1 to 2 of the intraday highs with these gains, youll see them challenging that as tom mentioned. Although, i also remember last the first trading day of december last year. Not quite as much fun. I still have some night mares about that. Would not be the only one with scars leftover from that. I think the dow was down 15 at one point in december last year we were having a great year. Markets were up, not up like they are this year. Bottomed on christmas eve, december 24th and saw things take off from there. Its been a very strong year. Will a santa claus rally power the s p 500 and dow to their best year in a generation . Could happen. Were up a lot. What will that take to get there, 5 . Pro
Point. Just last week it was down 4. 4 and the nasdaq off 4. 3 . This morning we see green arrows across the board take a look at what happened overnight in asia. Going to see that in asia stocks closed higher in japan, up by 3 4 of a percentage point hang seng was up by 1 3 4 and the shanghai was down. Gains of better than 1 for the cac and dax. Ftse up by almost 1 and then in italy stocks up by better than 2. 7 in spain, stocks up by better than 1. 5 . Take a look at treasury yields here in the United States. Youll see the ten year is yielding 3. 064 . We closed at 3 point be point 3. 045. Brent crude tumbled nearly 8 on friday brent has dropped more than 25 just since the start of october. Wti is down about 30 over the same time period surging supplies, slowdown in demand growth and the equity markets all weighing on the energy market. We can have more coming up in a bit at 6 30 a. M. Major developments over the weekend in the brexit battle the European Union officially endorsing th