High just days after sinking to near 16,000. One market watcher says he knows a bubble when he sees one. And what starbucks is doing to support frontline workers for the entire month feel good trending story of the day on this tuesday, december 1, and this is worldwide exchange. Welcome from wherever in the world you may be watching. Thanks for joining us on this tuesday. And welcome to december. After 42 months this year, we made it. And here is how your money looks. Stock futures are in the green not by a lot, but they are higher nonetheless you know what . I stand this is the kind of time where you like being wrong. You look at the futures literally, i dont know, ten minutes ago, 15 minutes ago and they werent doing that much now you have an implied open up 350. Wow. Remember people roll in in the mornings futures, i dont want to say they are worthless, but they do evolve as the morning goes on as more traders in the u. S. I would say get into their offices but now i would say just
It will beevie says to salesforce what instagram was to facebook. Planning a new set of chips to outperform intel. What it means in the next generation of macs and more. First, u. S. Stocks dropped monday amid a surge in case of covid19. We are expecting to hear more about the Vaccine Distribution as states try to outline the doses, how many they will get, and one. Lets get to Abigail Doolittle with the latest on how it is played out in the markets. Breakdown that and what is to come this week. Abigail an interesting day we have had big gains on positive vaccine news and this week the vaccine will start to be distributed in the u. K. There is some expectation that will happen next week, but we had a bit of a down day in some of the indexes. We had strength is the nasdaq 100 and other techheavy indexes. The nasdaq 100 up a nice day in a row its longest daily winning streak going back to december, 2019. That strength, emily tesla the stock up 7. 1 , continuing to store up till it will be
Banks, airlines all up while faangs are taking a bit of a break. If you ask me whats the best Case Scenario for the market to the end of the year, i would say this whole narrative about how its like the top five stocks driving the market, i would like to see that come to an end and Everything Else play catch up and start to participate and that is literally what weve seen take place. We had a breadth thrust a week and a half ago where almost every stock broke back above its 200 day. We now have more s p 500 components that are up on the year than down on the year for the First Time Since march i think alphabet is the most recent performer but the faangs are not part of this the whole narrative out of the window that this is index fund money and only microsoft driving this is gone now you have a broadbased rally, not based on nonsense, companies have rising earnings expectations, almost every sector weve even got performance at companies that six months ago you could have made a case to
Amd to buy xylinx. Is there more room to run on amd . Well explore that one when power lunch begins right now earnings season is supposed to be a report card for companies. Lets go to bob pisani for more on this lack of guidance bob . Kelly, once again, the Fourth Quarter, another quarter with the lack of guidance its a bit of a problem because the analysts again having a hard time figuring out what the right numbers are. Remember, the earnings numbers have been coming in very well, generally weathering but again, big companies, no guidance from caterpillar, 3m, xerox, Stanley Black and decker. Others like Harley Davidson didnt give guidance either. Raytheon, corning. No guidance from companies. Analysts have a tougher time and theyve been very conservative and wrong so far fortunately wrong on the conservative side. Look at all these companies out there. 83 are beating for the Third Quarter and theyve been beating by almost 20 . Its an amazing beat and shows you the analysts have been
Conocopillps acquiring contra resources. The largest deal this year and well have conoco ceo join us this hour. The 737 max or comeback european r regulators saying it is safe to fly and planning a december return to service. Carl jim, heard you just talking to becky about stimulus as we continue to kick this around it does not sound like this new sense of urgency, quote unquote, will do much to push the package forward. We are too close to the election and either side gives then the other side. I think has them so, lets say the president gives a little bit more than i think that Speaker Pelosi will make it even tougher because the president wants to get that check to you to the least amount of money donald j. Trump wanted. I know that is something that a lot of people, wow, the president gave it to me. I think what we should be owning and trading and buying are companies that are about to go through an Earnings Period that i think is going to be rocky but overall positive and i think