2018 . I have a commodity for my chart of the morning. It is not oil or copper. I also wanted to highlight gold because gold is near 1300 an ounce. It has been a stealthy rally into the end of the year. David youve got to admit it. I was doing golden 2008. David lets get headlines outside the business world. Worst doingemma its york cits fire in more than a quarter century. It went through a bronx killing 12uilding, people. The fire began on the first floor and spread it to the building within minutes. 170 firefighters were called to the scene. Is withoutgedy question historic and its magnitude. Our hearts go out to every family that lost a loved one here. Emma because the fire is under investigation. In india, at least 14 people were killed in a fire. The bamboo ceiling in the restaurant burned quickly and collapsed with people trying to escape. The police of fired case of culpable homicide against the restaurant owner. Transferea will hold a to a north korean vessel. That would amoun
Creek to a currency to the tune of 20 million. He spoke with him that his optimism for the currency will in saudi arabia back in october. I do think people are a little bit, maybe under bitcoin specifically because it is like a reserved form of money, like old and its just a store of value. Do dont need to make payments. Maria with the big means coming out this morning. The tax bill pay enough for American Workers. The very latest as Southwest Airlines and American Airlines say they will give 1000 bonuses to employees. Butcher block the u. S. Government denied alibaba and financial proposed 1 million acquisition of Global Payment Service money grants. The decision could have on u. S. Companies trying to sell abroad. Markets kicking off the new year record territory. S p 500 and nasdaq closing at new highs yesterday. The nasdaq cracking 7000 yesterday. Dow dow industrials has the secondhighest close close on record up 105point. Take a look at the action could the momentum continues up b
That dow ever close above 26,000 came after eight trading sessions youve seen four days this year where you have seen the dow going up 200 points or more. It only had six days like that last year. This morning futures are relatively flat. Dow indicated up 2. 5 points. Overnight in asia, china reporting Fourth Quarter gdp of 6. 6. 8 , bringing the 2007 gdp to 6. 9 we will get china bay book data at 6 30 a. M. Eastern time, independent Data Collected from businesses from china. Check out europe, where early trading is already underwa way the dax is up. In france, trading up by 0. 10 the treasury yield which we have been watching so closely, pushing above 2. 6 for the tenyear 2. 603 so we were at 25,000 and 1,000 points in eight trading sessions 1,000 on 25,000 is 4 think about 4 . What is every person say, sell side guy say coming on here. Mid Single Digits 4 . So either its more than that or there will be a lot of reversion of the mean. We did 4 already. I get a bit annoyed because its
Post nine. Also joining us this morning on set, s p 500 Global Portfolio manager erin gibbs and Business Insider editor in chief henry blodget. Carl is on his way to pong clanclan pyeongchang. He made it. He did . Yes we have a lot to get to were having another wild session for stocks following yesterdays action you saw the dow end in the red for the third time in four se s sessions were down 430 on the dow. The s p 500 is down over 1 . Volatility continues erin, whats your take here . Is this just going to be something we finally starting to see again in our markets that we had become perhaps unaccustom to yeah. For us, were really looking at this as a full reevaluation whats the shift how are you going to allocate between bonds and equities valuations, we came in really high at the beginning of the year and all of last year every time the markets got pushed up, we kept saying well where else are you going to put your money . That was sort of the argument. And now were seeing some oth
In a defiling that it now owns 7. 5 of the food giant which makes oreos, ritz crackers and wellknown brands. Whats unclear is what the investor wants to do with the company. Ackman wanted the snack maker to grow revenue or cut costs or sell itself. Mondelez, for its part says they will welcome them as investors in the company. Ackman joins nelson peltz. His firm holds a 3 stake in mondelez. Well show you whats going on now in the premarket trading as a result of this and you wouldnt be surprised to see that they are sharply higher. What does he want to do with the company . He wants the stock to go up so he can sell the stock for more than he paid for. We were having a conversation off camera. Okay. Maybe he sees something thats not being optimized at mondelez the way that management is running things but what he really knows is i have enough money, 5 billion. I can make a splash and in all likelihood the stock will start going up just on that and then you agitate, you mess around, you