Dow down 64, weve got the s p giving up all of its earlier gains, now lower by 3 points. Nasdaqs clinging to a a 5point gain where it had been up 129 points. Kind of losing some steam. Weve seen in the final hour where things can start getting juiced up once again. Lets look right now at what ises propelling the nasdaq. Its actually china stocks. They are grabbing the top spots on the composite led by netease. Look at that gain, up 5. 25 . The the lift comes on a report by bloomberg that beijing is considering relaxing rules that cap Foreign Investment in public companies. So maybe theyre starting to look like theyre going to be a little bit more propluck publiclytraded companies and not so restrictive. Coming up, famed International Investor mark mobius is going to join us live. He has warned viewers to dodge chinese stocks. Will todays news change his mind . Were going to ask him. Hes coming up at 3 30 p. M. Eastern time. No ree laxing or easing at the Federal Reserve at this hour af
Numbers out moments ago on the surge in ecommerce. 640 million spent online so far today, up 18 year on year we have Team Coverage with Courtney Reagan and Morgan Brennan. Courtney, to you first good morning good morning to you, carl so black friday certainly changed over the years, right, with the idea you can shop on thanksgiving day in the evening, you can shop online all the time, but its still going to be retails biggest day of the year somewhere between 30 to 60 of americans are going to shop on this black friday. Personally, i like trying things on and its really not that crowded right now, so i think weve had a good experience much easier to buy it and have it already rather than waiting for it to get here i went out last night with my dad. I like to get into the Christmas Spirit early, so as soon as thanksgiving dinner is done, yes, christmas, lets go out walmarts traffic was stronger than target, at least during the beginning of the door busters on thanksgiving day or night,
Of ours. Actually 10 00 we are looking up on all the major averages i guess, yeah, looks like we are. European markets, you ask, we answer what are they doing jim . We trade with the good ones now. Whats that we trade with the good ones. All positive. Other than spain 10 year note right around look at that over 58 this morning our road map as well it starts broadly with stocks on track to open higher boeing boosting its dividend shares rising premarket. The plan maker setting a new 18 billion stock buyback plan and a mega mall merger. Buying the World Trade Center mall and new jerseys nearly 16 billion overall. What . We should have 3m just preannounced. Lets get to that too. Remember the other day a fellow was telling you to sort it it was ill advised. You were on him. I was all over him like a cheap kmart suit. Those are cheap. That was my first thing that i wore to goldman. They said get out of that corduroy suit. A day in which the fed will hold its final policy meeting of the year
Alley. Back to you. Thank you very much its 8 00 a. M. At our headquarters in sunnyvale, california, 11 00 on wall street and squawk is live. Were going to start the hour with breaking news on target for that well go to Courtney Reagan back at hq. Hi, court. The same big delivery wars rage on. Target buying personal shopping and Delivery Platform shipt for 550 million. Target says delivery option for shoppers will begin in early 2018 it pulls inventory from stores to deliver same day. By summer it will be available in half of its 1800 stores to start, though, its going to be done through the shipt app and network of personal shoppers personal shoppers are in direct communication with the consumer that places the order for questions and timing updates at least to start, get this, you will need a shipt membership 99 per year for unlimited deliveries on the platform from target and other retailers like costco and kroger. Target says its working on how it might eventually be integrated int
Happens. Its totally lacking in rigger but it happens all the time around here and thats what throwing us off today sending the dow dipping, nasdaq loss 0. 14 . Let me explain what im talking about so you can see how a bullish situation gets turned into a bearish one by mepessimists who want it bo way. Sell, sell, sell. And sell, sell, sell. This morning we awoke to a story of how the chinese are cooling to them. Oh, boy, did that freak people out. Shares came in for sale at the opening because of the chinese perhaps dumping the treasury you know the dow is down 100 points in lightning speed on that one of the principle worries of Portfolio Managers there is no inflection in the yield curve meaning youre almost getting the same return from shortterm treasuries as you are from longer term ones that puts news a situation where we have whats known as a flat yield curve. Something that is often a precurser to a recession makes sense fed raises rates too quickly, falls off and the economy w