That would be a game changer. Bitcoins market cap is currently only 3. 1 the size of gold. As bitcoin and gold struggle between the risk off, is gone, copper is not hitting a sevenyear high. It looks a lot like that spike we see in early 2000 at the beginning of that chart, that is when china started commodities super cycles. Maybe there is some more longterm fundamental support from china. Lets get into the ring with todays top story. Opecplus agreeing to increase output starting in january, with monthly reviews to cf if more oil should be added. Alex longley joins us from london. What are the rules for the subsequent production hike . Alex there has been a fraud week of debate within opec. We have had the opecplus meeting. What we are hearing as they have agreed to hike production by 500,000 barrels a day in january, and will then have monthly reviews what they were at another 500 barrels a day to the market. That is doing the same, weve got a Strong Oil Market at the moment. But the
Sessions. Its been on such a winning streak. Again, i use the word breather right now. While vaccine timing is spooking the markets, colleges across the nation are trying to minimize the scary impact of the deadly virus. Alabama state is teaming up with dragonfly to keep its students safe. The ceo is going to be here to show us how this is all supposed to work. Meanwhile, the covid crisis has caused the makers of one frozen Treat Company to put its Business Plan on ice. The ceo of dippin dots is here to tell us how his freezers are working overtime on new pandemic opportunities. You dont want to miss that. Then one of the Biggest Car Rental Companies in europe is zooming into the United States in the middle of a pandemic. We will ask the board member and namesake about why now is the time for them to expand in america. Less than an hour to the closing bell, im Cheryl Casone in for liz claman. Lets start the claman countdown. Cheryl so after a day of records on wall street, it has been
Sarah . Yeah, shows the power of the fed there. When that headline hit, boom we have a great lineup coming your way Jeremy Siegel and rick reider join us. Plus, well speak with larry kudlow about the latest debate over the future of enhanced Unemployment Benefits and what happens when they run out . Well also take a closer look at one winner amid the volatility, the video game sector. Well speak with Strauss Zelnick. That stock has been an outperform they are year lets focus in on the big stories with one hour left of trading. Mike santoli tracking the action and phil lebeau and joining us to discuss the outlook for the banks is brian foran start us with the big come back that weve seen in the market this afternoon theyre saying buy the dips were in a dip buying environment. They proved it this morning. Take a look improvement. We got that one weeks time. Things are looking stretched at the highs. One week ago today 3232 was the closing level then we got that shakeout. Thursday most pr
Production creeping back to life Mother Nature forcing nasa and spacex to pull the plug on their launch you are watching Worldwide Exchange here on cnbc good morning welcome from wherever in the world you may be watching. I am Brian Sullivan. Thank you for spending your thursday with us here on cnbc. The stock market has been read hot. The dow has been up over 1,000 points in the last 48 hours. Making huge strides in gaining back much of what it lost and it could gain back more today dow futures are up another 140 points not the kind of market we saw in the last two days. It looks early but a little follow through again could happen today we know the dow has done well but did you know this. Small caps are reacting big time the small cap s p index is up 8 this week. And it is early. There are a greater number of stocks in that index up more than 20 this week than have fallen this week up more than 20 trading more than any amount this week. We have more of that at 5 30 we are going to sh
Of the coronavirus, the slow sometimes bumpy reopenings across the country, to say nothing of the protest and a lot of people on wall street say hey you arent jiving with whats happening on main street and then low and behold we get this stunning jobs report that changes the equation and has people thinking that you know what . Maybe the markets have been right all along as they again tease record territory, virtual ly all of the s p 500 sectors are advancing right now, and the rate on a long bond here a 10 year note as is better known, man oh, man thats practically hyper inflation. Were just around 1 ,. 93 who would have thought a year ago if i were to give you a quote like that that id say it is rocket ing backwards, but it is, especially from where we were, not too many weeks ago remember we were darn near 0 they were talking about negative rates. Were not out of that mathematical woods here but it does change the overall sense of where were going with this market. Jackie deangelis