We are down across the board these would be losses for the week that will end four weeks of gain weve seen up to this point. Does this count as the first week of 2020, even though it is only two days . We could look at the fiveday thing and if it is up, we could say that is the first week this is up as we see crude oil prices jumping we see that wti is up 4. 1 the gain to 63. 72 a barrel ice brent up by 4. 3 Natural Gas Prices up. Crude is the real focus as tensions are on the rise in the middle east. The market is up 30 from last year that is a place for people to look this year as for gains. We are moving crude from 60. We are not moving from 62 but based on the tensions rising you think about the heighten tensions and what this will mean for the potential repercussions in the middle east the idea of additional strikes of any ships going through the straits of hormuz, people will be watching that closely theyve been blessing with the Oil Production for months. We always look forward
Ignorance in the rank and file over that 737 max jet. Why mcdonalds is looking to sprinkle a little msg on to its Fried Chicken sandwich all that as we begin Worldwide Exchange right now. Good morning welcome to the show, im dominic chu. Here is how we are looking to start your morning off with fresh alltime highs the dow would open by another 23 points the s p and nasdaq hit record highs yesterday. On the bond side of things, we are looking at yields coming down slightly. 10year 1. 839 2year 1. 745 . We look at the asian trade nikkei up. Hang seng down similar in the shanghai composite. India is up one quarter of 1 . We are seeing a little positivity german dax up. Ftse 100 almost one half of 1 the cac almost flat. It has been moving between major losses in europe four major headlines looking to dominate as trading begins today. New developments as the Treasury Department lifts the label ahead of the big deal signing. Earnings kick into high gear as three big banks are set to report e
Dance i hope you dance good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan at the New York Stock Exchange jon fortt is live on the ground in vegas covering ces 2020 for us more from him in a few moments we begin with tesla and elon musk in china, the stock opening at an alltime high. Eunice yoon has more elon musk definitely showed his enthusiasm for the Chinese Market and perhaps investors are taking a cue from that today musk did a little dance at a shanghai event which marked the delivery of teslas model 3s made in china to ten customers, to the general public, for the first time he also made several announcements saying that for the model y production would begin for this suv in china. He also said that the model y demand he believed was likely more than all other tesla cars combined he sees future models made in china at this factory and aims to open a Design Center to create an original car for the global market. The plan is to raise the Product
Also take a look at whats happening in the treasury market 10year is yielding 1. 816 counting zeros here four commons 12 zeros Google Parent Company alphabet now has 12 zeros, also four commas becoming the fourth u. S. Tech company to reach a 1 trillion valuation joining apple, microsoft and amazon, amazon has since dipped below that mark cramer last night talking about another member is microsoft. Weighing in on the controversy on apple and how much it should aid Law Enforcement by opening locked e locked iphones or maybe creating a backdoor for Law Enforcement you cannot be cool. You have to be cool on your own. You have to take pride on the digital capability you have built. No press release with us or anyone else will do it you will need to build your dig call capability and by the way trust. There is a conversation about privacy already. We have to engender the trust. You as retailers are the keepers of the most important data you have to build trust. Whether importance or privacy
Open, wall street looks to close out a recordsetting week. Peacock joins the streaming wars, how comcasts forthcoming platform looks to separate itself from the streaming flock. Joining the four comma club, alphabet more than 1 trillion all together more than 17 of the s p 500. Stocks looking to hit new record highs upbeat news on the economy as Housing Starts rise in december to their highest level since 06 up 16. The and just to put that into perspective we are looking for an increase of 0. 4 amazing, and of course the commentary from tepper and druckenmiller over the past half hour has done a lot. Its fed in the same direction. Well pick apart if weather was a factor in the Housing Starts and the rest but that is when the equity futures took another leg higher when the numbers were reported comes after we got other good housing data its become very hard to decide that the headlines are going to get in the way of a market thats been on this autopilot higher the guys like david tepper