To political lobbying and haranguing, whether it comes from this end of pennsylvania avenue or the other end. I think youve stuck to your guns so far, but i want you to keep sticking to your guns i would like to turn to some questions about facebook and its proposed cryptocurrency, libra im a supporter of innovation in the Financial Sector, and if done right, this notion of a cryptocurrency could really deliver, i think, real benefits to the for increased friction, more access to consumers. But somebody who spent a lot of time the last couple of years dealing with social media and facebook in particular, i think it would be safe to say, and frankly, for people on both sides of the aisle, that facebook has quodeveloped sometn of a trust deficit and that the kind of Silicon Valley mindset of move fast and break things maybe works when youre just thinking about it in a technology framework, but when were thinking about the kind of implications social media has had around consumer privacy,
Down 70 points. The nasdaq was the standout yesterday adding 1. 6 to close at the alltime high. Apple was up 4 on reports that it could be overhauling the mac line. We have more coming up in a bit. To the treasury market, lets look at what is happening with yields. This is a wild week for yields. The tenyear yield is lower. Still well above 4. 5 . 4. 53 right now. The twoyear note at 4. 92 . Lets also look at crude oil prices. The prices are moving higher on rising tensions in the middle east. In fact, this morning, you see things up by 1 for wti. 86. 05 a barrel. We are waiting for the banks to report. Over the next hour, Jpmorgan Chase and wells fargo and the Worlds Largest money manager blackrock and citi will turn in the First Quarter report card. We will get reaction as soon as numbers are released. We need to get to leslie picker because black rock is out. Leslie. Bottom line in at 981. A 24 year over year. Top line is 4. 728 billion. Up 11 year over year. Aum at 10. 5 trillion.
New york stockexch tyler and sue have the evening off. It seems many people this Holiday Season made their lists and checked them twice, or by the looks of things, maybe even three or four times. What i mean is, we were in a buying mood, as shoppers came out in droves this year, driving sales, by some estimates, to their biggest increase since 2011. That naturally sent the Retail Sector higher on wall street today. As kate rogers tells us now, it might not yet be over. Shes in west nyack, new york. Or us tonight at, where else, a reporter christm may be over. But retailers have a lot to celebrate. The latest numbers from mastercard point to the best Holiday Season in more than five years. Retail sales rose by almost 5 from november through christmas eve. Online sales are up even higher, 18 . Overall sales are projected to reach 682 billion. I got an apple watch and an ocustick. A universal for january. Time with the family. My son. Reporter shoppers arent slowing down anytime soon. In
[ music playing thursday and today we are taking you back with the top songs of 2017. This is decpacito and i did read it. I must apologize for that i know this next Market Information pretty much off by heart, the dow is hire by about 30 points s p up by half napgs up by 7. 6 points yesterday we had very slight gains. Volume wasnt terrible, 65 to 70 of the 50day moving average a. Little high than you might expect on this holidayshortened week for the quarter we look for the month around the quarter looking strong still despite softness in the last couple trading sessions. Lets have a look at the tenyear treasury note, Consumer Confidence slightly disappoint it wasnt the yield cup flattened again or anything like that the yen is going on. Yesterday, we saw the footsie december out performance compared to the other two indices. Its up 4 for the month of december its playing catch up to the main indices in europe, which have double returns, for the year the footsie 100 does not. Ill pric
Nasdaq is poised to make history. The index poised to make gains for 11 of the 12 months this year for the First Time Ever some of the stocks leading the charge, well, you know them well dont you, of course, when were looking at some of them there. These you dont know at all. Align technology, vertex mercadolibre, whats that mean, free books, free something free markets not the typical names that we see. Those are the percentage winners, the ones that essentially doubled this year. If its one that stands out, its wynn. Its not a Bio Tech Company that, obviously, had an amazing run. In terms of who added the most market value this year, of course, those familiar names like the f. A. N. G. Stocks, apple, as well. Alibaba up 96 this year. We were talking earlier in the show on squawk on the street, of course, about the increase of market value at a 440 billion value. Interesting, tech sector almost 24 for the s p average waiting for the past ten years, 19. 6 that speaks to the rally weve