And blame baby yoda. Fresh numbers this morning on disneys new streaming Service Coming in as Worldwide Exchange begins right now i need a hero, im holding on for a hero till the end of the night hes gotta be strong and hes gotta be fast good morning, and welcome to the show im dominic chu in this morning for Brian Sullivan it is tuesday, november 26th, 2019, and what a difference a deal or two or three makes stocks coming off another recordmaking day with the s p and nasdaq both hitting record highs. The dow surging triple digits early in the session and really never looked back, partly in thanks to a huge merger monday more than 50 billion in deals sealed in one day alone. Topping that list, a 26 billion deal, a tieup between Charles Schwab and Td Ameritrade for that retail brokerage business on the heels of those numbers, heres how you and your money are looking this morning stock futures indicating the dow will open marginally lower by just about 17 points, again, from near recordh
Well debate it straight ahead. The Investment Committee is ready to go. Halftime report is ready to go right now. Welcome. Good to have you with us on this friday our Investment Committee today josh brown, jon najarian, tom lee managing partner and head of research and brian belski, chief investment strategist. We begin today with the market stocks are higher friday still, though, the s p on pace for its first losing week in the past tom, i turn to you i said in the show, were going to put two bulls to the test your year end target is 3200 and will you get there confident . Yeah, i mean, i think we could even exceed it in the next seven weeks. Because of . Well, you know, i think Economic Data is really improving. I think as people start thinking about next year, theyll see upside risk to growth and then when you look at positioning, i think people are still uncomfortably, defensivably positioned that movement of cash into equities is part of that rocket fuel belski on october 30th, i
Of a percentage point. The hang seng was up by 0. 4 shanghai composite was up 0. 4 in europe in some early trading that were seeing, we are looking at a mixed picture slight declines in germany and in france. The ftse is up by a quarter percentage point gains in italy and in spain as well finally crude oil prices, which were up by 50 cents yesterday, they have given back some of those gains. We are talk about crude oil below 58 a barrel a couple stories were watching, bombardier said it is confident u. S. International trade commission will reach the right conclusion in its dispute with boeing. The Commerce Department announced yesterday it will impose duties of 300 on the companys cseries jets after boeing had been complaining they had been unfairly subsidized by the canadian government. The penalty will only take effect if the itc rules in boeings favor bombardier said it is common practice for a plane manufacturer to offer discounts to launch customers. Bombardiers ceo will join us
A onetime cash bonus to eligible employees walmart says it will expand maternity and parental leave benefits been a couple years since they took wages up. Before a lot of their competitors, took it to 9, now to 11 when youre talking this many workers, it gets your attention. I think we have to be careful, though. 1. 5 million workers in the u. S this wage hike from 10 an hour up to 11, thats nice, but walmarts wages are that low to begin with and weve been wondering for a long time with the tightness in the labor market when are the increases coming starting wage, to be clear. Not every worker makes that, but walmart is infamous for having workers on public assistance, so how much praise do they deserve, plus this 400 million worth of bonuses, which is great, one time, but lets not pretend this is some huge, amazing, generous thing. Theres been a lot of criticism of this company for underpaying workers for a long time. But some money is better than no money, right . Yeah, but you need
Yesterdays record drop played out. This is a time lapse video of what happened with the dow down 200, down 300, down 400 as you got closer to the end of the day, down 1600 points almost at one point by the end of the session, 1,175 point decline. Decline of 4. 6 . This is the biggest point drop in history add it up, the dow traveled 5100 points yesterday down 4. 6 does not rank in the top 12 or 15 declines weve ever seen the biggest decline was october of 1987, a 22 decline this was enough to get peoples attention. The dow and s p lost more than a third of their 2017 gains just during the last two sessions if you were wondering what else was going on behind the scenes, volatility this was the big story volatility is back yesterday we were talking at this time about volatility being up at 17 that was a big deal. By the end of the session it was above 35 for a gain of 115 . This morning you see volatility up once again, another 14 this morning, 4262. Mike santoli, this is something that