People shopped over the holiday weekend. Almost equal numbers visited physical stores and online outlets. Well have much more with our veteran industry analyst dana telsey will join us in 20 minutes. Before we do that, lets take a quick check on the markets. U. S. Equities at this hour, dow opening up 27. 5 higher. Nasdaq up 6. 5 higher. S p 500 at 1 point. Lets tell you about global news this morning. World leaders arriving at a u. N. Sponsored summit on the outskirts of paris today. Amid heavy security. The meeting will focus on Climate Change. New this morning, the u. S. Embassy in afghanistan putting u. S. Citizens in cab bull on high alert. Officials warning that the embassy has received credible reports of an imminent attack in the next 48 hours. Americans in kabul are being urged to exercise extreme caution in moving around the city following the paris attacks earlier this month. The u. S. State department issuing a travel warning advising americans not to travel to afghanistan.
80 so probably best traffic now falling 8 new instant will see multicolored accidents are blocking the right hand lane traffic slow and go passing under breaks this morning that up now sending pass highway 17 saw no one the time right now the morning after the election still votes are being tested in some races will close 8 00 class i major news nationally major shift in power republicans now gaining control the u. S. And in maintaining control and the house of representatives. Airline debbie shafting oakland as the new mayor now after 15 rounds of bank choice elimination. She has in a vote to be declared the winner. Enlarge lead at the first choice of voters to look at the numbers as a comment at share 63 of the vote here over Rebecca Kaplan another big merrill raised through a tire is in San Jose City Council Member said ricardo reis is dave cortese tree watching the race here its tire and now as the numbers 51 and 49 for all cargo at the moment are still being called a type of trend
Public, and we have some blast from the past sounds when he was talking with you, mr. Cramer. Yeah. Futures on the rise, and upbeat data on housing added to the positive sentiment. New Home Construction up 15. 7 in july, a rebound after two straight monthly declines. Building permits up 8. 1 , and meantime, Consumer Prices up only. 1 last month. The nasdaq closed at 14year highs. Yes, sir. I do remember march of 2000 quite well, actually. Yes. It was my birthday of that year that we hit 5,000, whatever it was. Right. Of course not to be seen again, will be a generation, but were getting closer. We are. The makeup then was different because it was cisco powering things higher. People need to remember the companies that cease to exist, and thats totally understandable, a couple billion dollar company, but the reason why things got awry was that the s p was infected with tech, radically overvalued, and at the 2,000, wow, it was bad, but there was a dramatic switch in march meaning the mon
The iea the International Energy agency with its oil market report. Having bottomed out in the Second Quarter of 2014, Global Demand has steadily risen the record u. S. Oil glut is continuing to cut prices. Well keep an eye on oil. Quite a lot of volatility and fluctuation. Opec joining the conversation. Brent at 57. Tensions high in europe as greeces Prime Minister meets with the president of the European Commission in brussels. Greece formally complained about Wolfgang Schaeuble. Lets bring in hans nichols in berlin. Marcus is in athens. The spat between Wolfgang Schaeuble and varoufakis is very public. Hans we had a formal complaint tuesday night from the greek ambassador to germany lodging a complaint claiming that mr. Yanis varoufakis called him foolishly naive. Here is what mr. Wolfgang schaeuble said. He was commenting on mr. Varoufakis communication strategy. Some greek papers and markets might be in a better position to talk about this. Mr. Schaeuble said to be called for shal
Be better at managing your money, not just investing. Every aspect of oh your financial life. Sometimes that means we need to take a deep breath step back from the nittygritty of the market and focus on the educational side of oh things. What i call investing 101. Honestly if any university was crazy enough to give me tenure i could teach an entire semesters worth of classics on the basics. That presupposes that any institution of Higher Education in america would be interested in teaching you how to manage your money. A topic thats a little too quotidian for the ivory tower type that is run clengs. Most colleges are more interested in taking your money than making you money. Thats why you can take an checks class without learning how to balance your checkbook. So. Whats the first item on the syllabus . We need to talk about savings. If you dont save your money you would spend your life as a slave to your paycheck. Or hostage to the Social Security system. If youre in your 20s, who kno