Action Toll Brothers and stitch fix stocks are moving. Well break down the trades straight ahead we start with target practice, folks. Looking into next year more firms putting out 2021 s p forecast its quite a range, citigroup 3800 three percent higher than now on the s p at the other send j. P. Morgan 4500 about 20 percent upside so folks as we gear up for next year, which camp are you in guy . Are you at the low end 3800 or closer to jpmorgan. I will tell you what im in i love Tyler Mathison. Nice to see you. Youre the man. Thanks for being here tyler. Tyler, what was that show boldly go where no man not star tr trek you a fan . I never was a fan thats okay. Nor was i chauvinism notwithstanding, for the first time in History Today Global Market exceeded 100 trillion of market cap, 115 percent of global gdp and s p 500 now about 180 percent of u. S. Gdp just ridiculous numbers. So i understand why the market is going higher, i get it, but id about in the low end of that camp, tyler.
Member at your place of worship. Maybe it saves the lives of one of your childrens teachers. Maybe it saves your lives. So, please, i implore you, wear a mask do it for yourself do it for your neighbor. A mask is not a political statement, but it is a good way to start pulling the country together i want to be very clear. The goal of mask wearing is not to make your life less comfortable or take something away from you. Its to give Something Back to all of us, a normal life the goal is to get back to normal as fast as possible and masks are critical in doing that it wont be orever, but thats how well get our nation back, back up to speed economically so we can go back to celebrating birthdays and holidays again so we can attend sporting events again, so we can get back to the lives and connections we shared before the pandemic. It doesnt matter whether or not we always agree with one another. It doesnt matter who you voted for. We are americans and our country is under threat. And now
Authorizati authorization as soon as today and well have analysis of the upcoming Holiday Season. And later on, a 170 mile trip for one lonely owl that you could call a miracle on 49th street you are watching worldwiworldwe exchange right here on cnbc fly free free bird, yeah happy friday, im democrat ni dominic chew u in for Brian Sullivan as you can see, the dow jones currently implied lower by 77 points fr so slight outperformance from the nasdaq here, implied open by six points to the up side. The major averages all snapping two day losing streaks yesterday. The dow on pace for its third positive week in a row, but just barely rest nearly flat on the week take a look around the world, a mixed session overnight any asia as you see, the nikkei down when 0. 5 and similar gains in the chinese markets. Meanwhile trading just Getting Started in europe with about half percent gains for the major forces there, including the german dax, ftse 100 and cac again, green across the screen in eur
We will tell you what he is saying. The cdc says School Closings are a terrible way to fight rising covid cases was we have a doctor who agrees with him coming up, sounding off later in this hour. Lets look where stock prices are right now. We see the Dow Jones Industrial down 91 points, the s p down 9. 25 and the nasdaq down a tick as well. We will follow the progress on the market says they are due to open in 29 minutes and you will see the president today for the First Time Since saturday, he will be delivering remarks on lowering drug prices for all americans it to 30 p. M. Eastern time. You can watch that on foxbusiness. Joe biden is set to meet with nancy pelosi and Chuck Schumer today and we cant leave this out, Alexandria Ocasio Cortez is in order to get the virus under control we should close businesses and pay people to stay home. Forget about businesses going bankrupt, the government can take care of all your needs. Isnt that pure socialism and dont we all know how that stor
Dom . It looks like well try that recovery trade from yesterdays late day selloff here. Stocks are broadly higher and to a decent degree. 250point gain for the dow about 1 upside. The s p 500 still very much above that 3,400 area. Thats an area that a lot of traders are looking at as a pattern of support there possibly for the markets up 1 , and the nasdaq, believe it or not, is underperforming, only up threequarters of 1 as well so the nasdaq a key focus there. If you take a look at some of the things that traders are watching from a more macro perspective. Interest rates, especially longer term ones are a very key focus here we dont show the 30year long bond very often. We focus on the tenyear more but that move to the upside has taken that 30year long bond beeld 1. 592 above its longer term trend line or the 200day average yield for that particular Interest Rate 1. 52 is the level to watch there. That could have reverberations on the financial side of the market also then check out