The dow crossed 24 how for the first time yesterday, but for the month the dow was up 3. 83 the s p up 2. 1 and the knanasdaq up 2. 17 . Telecoms led the way for the month. Check out the u. S. Futures those gains yesterday were something to see the dow Jones Crossing 24,000 for the first time the s p 500 was up by 0. 8 yesterday. All of these things we have been watching closely you are seeing a pull back this morning. Maybe related to what were seeing in europe the declines there are more significant. Declines in europe are because of the tax deal. You think absolutely. After we got so close last night. Its not just the declines in europe, europe is not matching 350 points of gains that we had here yesterday but the 350 points, that was at 4 00, all of this stuff they were supposed to vote yesterday. Im surprised theres not a bigger decline this morning based on the snags in the tax bill it was supposed to happen if we knew it would happen today, there would be further gains, now its
Billionaire, outspoken and unapologetic when it comes to critiquing his nations neighbors to the u. S. Administration. That is where i started my interview. I asked how he felt President Trump has done so far on delivering on campaign promises. Jerusalemask me about , this is a decision the most stupid and wrong decision that could be done. Jerusalem is not part of the United States of america. Muslims, the jews, christians, everybody. This is a decision taken by the palestinians, by the people, not america. It will not happen. Yousef do you think there is worse to come from the administration and the United States from the point of view of the arab world . You said from the beginning this individual is a loose cannon. Moret become difficult in terms of u. S. Policy . He promised a few things. He pointed to build the wall, to deport muslims, destroy and the other thing. He has not done anything. Year, andember, one he promised a lot of things, and no delivery unfortunately. Yousef coul
Were they up, you ask . Lets take a look. Yes, spain and italy, i always like to see the ftse over in the uk, wilfrieds home, the only one that is up this morning. The big outperformer this month as well. Playing catchup for the year more than any other specific factors. But its been a good month the rest kind of flat for the month. Lets take a look at the tenyear yield and of course, oil Oil Important yesterday. Having climbed above that 60 mark for wti you can see its slightly below. Lets call it not much of a move this morning, flat or so and 2. 42 on the tenyear note yield. Lets get to our road map this morning. In it, it does start with those two trading days that are left for the year u. S. Futures are pointing to a higher open, buoyed by gains in the utility and real estate sector and the cryptocurrency tumbling after new regulation talk in south korea. And its the year of the global ipo, 2017 saw the most Companies Going public since the financial crisis a lot of them right her
Was slowing down old devices what theyre doing to win back favor and what it means for the stock. First, stocks rallying to kick off the new year. The nasdaq and s p 500 both closing at record highs with nasdaq closing above 7k for the first time ever. It does feel a bit like 2017, when tech crushed the competition, soaring 37 what do you do in this new year . Do you stick with what was working, namely technology, guy . I think you do, mel, and happy new year i think you do stay the course people want to play the laggards, but stay with what works and what has worked. Dan nathan has been on this. Intel, big move to the upside, valuation is reasonable. Micron had that huge move from basically the low 30s up to 50, retraced back to 40, had a decent day today valuation of micron makes sense, dram pricing is still heavy. Texas instruments, great story, theyre in great places, but now 24 times forward earnings, i think its gotten expensive. Technology works, just be aware of what youre buyi
We will talk with the former department of Energy Secretary ernest moniz. Elizabeth warren and mark warren have some new legislation they are proposing security for data. Thats all coming up from washington today. Alix really looking forward to mr. Moniz. Here is what you need to know. Sell u. S. Assets. Thats what happened when china came out and said they would be not buying any more u. S. Treasuries. S p futures took another leg lower on that news. The dollar took another leg lower since november. Treasury yields took another move higher on that news as selling persisted. 2. 6 is how we trade on the 10 year. A stones throw away from what Jeffrey Dunlop says will make the bear market in bonds final. Crude over 63 a barrel. Really skeptical if that can hold. Time for our first take. Jeffrey dunlop warning on the s p and finally oil and 80. I say no way. I dont understand it. Is is cory johnson and lisa abramowicz. Lets take a look at what happened to 10 year. A huge move as im leaving