It is friday, january 5th. Lets tell you about the School Closings first. Then well get to erin and also to mike about our weather and traffic which are of course the big stories today. Area School Systems are not taking any chances with the extreme and dangerous cold. Most are delayed or closed. Lets go over to big ones and well start in maryland where the latest delay is for Frederick County schools. They are delayed two hours now. Anne arrundel and Montgomery County schools are also on a twohour delay. Saint marys county schools are closed. Charles county schools closed. Prince georges county schools closed. Calvert county schools closed. Lets go to virginia. Arlington county schools twohour delay. Alexandria city and Falls Church City schools twohour delay. Fairfax county schools closed. Loudoun county schools closed. Prince William County and Spotsylvania County schools are also closed. Stafford county schools are closed. Manassas city and Manassas Park schools are closed. Also in
Warm welcome to Worldwide Exchange this friday morning on cnbc im wilfred frost. Im seema mody in for sara eisen today. Good morning to you. Good morning to you lets check in on the Global Market peicture this morning. A day of gains, up slightly resounding week to kick off the year it looks like it will continue the dow up 61 points nasdaq 23. S p up 5 in premarket trade. Yesterday financials played catch up having lagged the market for most of the week. But for the week as a whole, energy the clear winner with oil prices rising. That sector up 4 in the s p tenyear treasury note for youful yieyou. We started the week in the low 2. 4s, ending at 2. 456. The 1,000point run weve seen in the dow is the fastest in history look at asian equities, japan seeing its biggest oneday gain in over a year you can see here on friday closing higher by nearly 1 . Softer gains in hoping congress and china, but still stocks there moving to the upside the kospi up better than 1 on the day. In europe, the
Games once again hire for a fourth day in a row with the dow, s p 500 and nasdaq set for record highs, putting in another round of alltime highs today. Take a look at dow transports, leading the major averages about. 6. The animal spirits seem to be stirred and on the week, big gains. 4804, theset g btv are the weekly games or declines for the s p 500. , the best game going all the way back more than one to last december after the election. The year starting off with a bullish bang. Said noago, one person matter the negative news, citing President Trump talking about nuclear war, the market still goes up. It will be interesting to see whether that happens and what triggers it. 500 and to the s p nasdaq gains, we have a nice rally for the railroads, especially union pacific. Analyst at Wolf Research upgraded this space on the possibility of strong precash flow. That is a similar mark to what we saw yesterday out of citi, where analysts say the Railroad Business is set to benefit from ta
10year at 2. 44. Our roadmap begins with Unemployment Holding steady at the 17year low. Futures point to new records of the open apples chip response confirming its products are vulnerable to that security flaw and the Corporate Tax response, bonuses on the way at jetblue and billion plus q4 earnings hit over at Morgan Stanley december nonfarm payroll growth missed forecast, we still saw 2. 1 million jobs added in 17. Average hourly opens up 2. 5 from a year ago labor force, unchanged, a lot of discussion of the amazon effect, whats happening to retail. I think so, i was disappointed obviously you want more jobs and more people to be hired to get a little increase in wage. But this is whats happening i spoke to Planet Fitness yesterday, Interesting Company i i. Theres a lot more people who work at the sears and kmart than there are Planet Fitness and thats the old and new economy canting amazon and sears being wrecked by ham zon. In retail, warehousing up 30k, couriers, up 19k. Isnt it
London. Its jobs day. Eurodollar, the one thing we need to watch out for 1. 2051. That were expectations these equities would go higher. We are seeing a little bit of retrenchment out of u. S. Equities because valuations, a lot of people think, are more attractive. Kettneree if max scherze thinks the same. The u. S. Jobs number, 2. 46. We will ask him about brexit. Ask him about this rotation into bonds. In later on, we speak with will em buiter. I know he has a thing or tow to say about germany. Sebastian in the u. S. A bombshell book detailing the backstabbing in Donald Trumps administation is being published four days ahead of schedule. The white house has been defending Donald Trumps Mental Fitness for office, an i ssue raised in the book. If he was unfit, he would not have defeated the most qualified group of candidates the Republican Party has ever seen. This is an incredibly strong and good leader. Thats why we have had such a successful 2017. Sebastian north korea has agreed to