Bob tells us which other stock markets are on the rise. Another day, another new high in the u. S. Stock market with. The focus on the breakout overshadowing an equally important event. A global breakout. The rest of the world is doing even better new highs like latin america and japan and europe. Whats going on . First, it is not just the u. S. Economy getting better. After years of stagnation, europe is slowly improving. Japan is slowly improving. Thats helping corporate earnings overseas. Second, inflation is picking up following a reflation trade. Lifting prices on everything. The stock market on countries with a focus on commodities are at new highs. What would stock this rally . Trade wars would be a big problem. Thats an issue many are concerned about the rhetoric on border taxes. For the u. S. , a delay on tax reform or had a quarter with higher earnings expectations. And the fed is not in the clear either. After keeping rates low for years, they clearly want to raise rates. If
Is not. [shouting] antitrump protesters erupting in the streets across america for the second night. Riots turning violent in portland, oregon, as thousands refuse to accept the results of the election. Hmmm. Among our guests weighing in on all of this, much more, steve forbes, howard kurtz, larry elder and ric grenell. Allstar lineup. Lets get going. David what lineup. Back to the markets, against all odds or at least those the media was talking about, the dow not only avoiding a major selloff after trumps surprise win, second record straight high. Gold taking a big dive as hope replaces the fear trade. Phil flynn, fox business contributor has details from the cme. Ashley webster on the floor of the new york stock exchange. Ashley, who are the biggest movers this week . I tell you what, certain sectors who believe donald trump will do great things for that part of our economy. Lets look at the biggest winners for you. There we go, Goldman Sachs up 16 , not bad at all. Jpmorgan, 13 . F
Open on the first trading day of the new month. President elect donald trump making the rounds in his first public event since the election including a victory lap in indianapolis where carrier will keep roughly 1,000 jobs in the u. S. Both wti and brent crossing the 50 line one day after that opec meeting. But first up, it was a november to remember from a president ial election to record highs for stocks, the dow leading the three major indices with a 5. 4 gain, the russell beat them all though up 11 for its best monthly performance in five years. Weve talked many times about why that was, jim, and whether that continues. Well, look, i think that people are just saying that one of the reasons why those companies havent done well is theres too much regulation. Theyve actually bought that. Whether you think its true or not, they have bought that notion that regulation is actually going to be stripped and these companies are going to make more. Now, i think that were a little ahead of o
Gain of 44 cents. 44. 67 ber peril. Brent at 48 this morning. And out of brazil, the senate has decided to proceed with a impeachment of dilma rousseff. Vice president will replace her during the trial and permanently if shes guilty. 180 days guaranteed that shes out . Yes. While they undergo trial. Trial. And then they have a vote and the senate has to vote by twothirds to push her out permanently. We think based on the trial. But nobody thinks the trial is relevant. They think they already know the count in advance. And interesting the way the stock market has reacted. It was at one point maybe it still is the best performing market in the world year to date. Trading on her eventual departure with the idea that the Vice President is more market friendly. Almost anybody could be more market presently than dilma rousseff. Whats up . Closen on fifty in oil. The market was down 200 and supposed to be corelated. Doesnt work anymore. And then. Where did they get that . Squawk box. The diam
Us. He thinks oil has also bombed. This year hell lay out his case coming up. Also apple giving a nice boost to the dow today. In fact, its the best performer. Its up more than 4 right now after word gout out that Warren Buffetts company. Also Julia Robertson has reduced his stake. Lets start with oil prices rising. Goldman turning bullish. Previously one of the most bearish forecasts over the past year, now saying prices could go to 50 in the next half of the year because of an oil deficit interestingly enough. And the oil market has gone from interior soaring saturation to being so much earlier than expected. With us now is anthony row sanity. Its the highest since november, right, so clearly the market is moving in a more positive direction here but how stable is it . You know, thats the big question, kelly. How sustainable is it. Its up 700,000 barrel as day. The weak dollar are driving this higher. After the summer it remains to be seen. How did we go from such a huge surplus to a