Weak so far. The dow and s p 500 even with those losses on wednesday are on pace for the best week in five nasdaq with the biggest week in seven weeks. In morngs ding dow futures up b5 points, s p up by 3, and the nasdaq up by 6 overnight in asia, the nikkei ended up just slightly. Up by 27 points. The hang seng by a half percentage point in europe this morning, with some of the early trading, it looks like the dax is up by 0. 3 the cac in france up bay half percentage point stocks are slightly weaker in london, but italian and spanish stocks are in the green. Also look at crude oil prices. Crude jumping on wednesday by 2. 1 , setting a 2. 5year high. It was sitting at 58. 02. This morning were up again, 63 cents higher to 58. 65. A couple of corporate stories were watching Teva Pharmaceuticals will lay off thousands of employees in israel and the United States they will be reportedly sending termination letters to 10 of its 10,000 employees earlier this month we heard teva said it wou
Crude oil prices also, which yesterday ended relatively flat. Prices have picked up slightly to 48. 25 for p ti. Brent crude up as well. Existing home sales come out at 10 00 eastern time. Expected to have a risen but at a much slower pace than march. As for earnings look for campbells soup, deere, foot locker and the buckle. Its stubhub. They got pay you 500 oh okay, how much . Oh pay me a thousand o go. Kind of a negative Interest Rate thing where they actually pay you do come. Its ban busy week on the retail front. The latest name to report. Gap. The retailer posted earnings in line with previous guidance but it is giving a cautious outlook for the rest of the year. Warning it needs trends in the Apparel Retail environment if it going to hit wall streets earnings target. Amid that slump gap plans to close all Old Navy Stores in japan. Also some banana republics, mostly outside of north america and lit do that by the end of the business year. Following the latest reports s p downgrad
Prior to that. We will be getting now. We will also hear from the Federal Reserve. Keep in mind she is one of the last to speak on Interest Rates before they enter the socalled quiet period. The twoday gathering in which there is a sort of nervous buildup that maybe this is the meeting, hardly a consensus that will be monitoring what she has to say. Very soon i will have the remarks in the rule of thumb this you cant do anything with embargoed reminder. Until she speaks. I have been here. Sell everything. Im kidding. I had in fact, weve got blake burman with the very latest on these questions about clintons health and what we knew and when we knew it. For that matter, when the campaign knew it. Reporter the timeline is bringing renewed concerns and questions about how transparent Hillary Clinton and her campaign are. Keep in mind there is a cell phone video taken yesterday showing Hillary Clinton needed to be escorted out, needed help into her van at the ceremony there. You see the vid
Showing claims fell. It is pretty good. Getting better. But the Employment Situation remains pretty insistent. Pemco continuing to see huge outflows. Founder bill gross says a bond war is at hand and his firm will be the winner. He lays out the battle strategy exclusively. Lays it out as war strategy. Plus Richard Fisher is with us. He says it is time to taper. But he has been saying this for a while. He is not a Voting Member but he will tell you what he expects his colleagues to do beginning next month. He is a september taperer. It is amazing. And it shows you the debate going on within the Federal Reserve right now. Absolutely. Lets approach this final hour. Near the highs of the day here, not so far from it. Up about 40 points. 15,511. Nasdaq also positive here with the gains doubledigit, up 18. 5 points. 1. 5 of 1 . S p 500 showing a begin here of bet are than will points, bill. Down s p about an hour and a half away from snapping a threeday losing streak. What was the turn aroun
This abbreviated session. This is historical tendency in terms of the period between thanksgiving and december 3rd. Most of the time we are higher in the markets and were seeing that play out so far in future. Look at the picture in europe. A surprise increase in german Business Confidence there really helping to push the indices higher across the board with the exception of spain which is down by. 2 of 1 . It is the most wonderful time of the year for the retailers. Millions of shoppers are hitting the malls this black friday looking for door buster deals. A number of Stores Including walmart, target and toys r us upping the ante with thanksgiving night openings. 147 Million People will hit the malls and Stores Friday through saturday slightly below last years levels. Unbelievable number of people who started lining up so early. I mean, a week ago. Those people we saw at best buy with the tents. We assume they got whatever they were after. I certainly do. I certainly do. There were un