tramadol -- let's go to abigail doolittle. shares of time magazine are surging and on pace for their best day since two and half years. -- since 2.5 years. fact ijected a bid access industries representing a 30% premium from friday's close. below thet 33% stock's all-time high. they believe the company will release shareholder value. look at time revenue -- the bulk is from print ads and we see a broken up pipe between subscribers and others. the small part of this revenue pie is coming from digital, which is amazing considering they are making more money from the newsstand than from digital. they're hoping to boost it up, but they are straddled with lots of debt. another big winner is cognizant technology shares, nicely higher on pace for their best day since a company wasfter in a letter outlining a path that could take the stock $90 per share, more than 50% higher. year foren a rough cognizant technology. the question is whether or not that $80 to $90 per share will help? suggest thaty upside is a potential. this is a five-

abigail doolittle looking at the big story of the day. he energy sector etf trading lower, nearly 1% down. of course on the drop in oil. you see that exemplified here, down more than 3.5%. this is ahead of the opec meeting tomorrow. investors fearing opec will not be able to hammer out supply cut. the drop in oil dragging on and some mobile, chevron and dragging on at ,ome mobile -- exxon mobil chevron and schlumberger. this is a longer-term chart of oil. in yellow, we have oil trading at a record for its 200 day moving average. oil had been below the 200 a moving average. we have oil bouncing above it, testing it a few times and now, oiltrading down that's it can hold those levels of support around $44 per barrel, it may suggest oil could trade higher in the near, medium and long-term. one more chart that could make #btv 5184 come a 20 year chart of oil. in the blue boxes are other opec supply cut deals of one million barrels or more. deals, we supply cut see volatility and over the medium and long-term gains were made. if there is a supp

quickening of inflation expectation. 90 minutes into the trading date in the u.s., let's get over to abigail doolittleabigail: a great chart on the u.k. 10 year yield. similar to u.s. where you are, we do have declines on the day. the dow, s&p, and nasdaq all lower following a powerful rally, one that has added one trillion in market cap to u.s. stocks coul. the dow finished at a record high and is on pace for its best week since 2011. we break down this rally a little bit by market cap or company size. we are looking at the s&p 500, 400, and 600. this is large cap mid-cap, and small-cap. we see outperformance in the small-cap area. interesting is the idea that these companies derive more of their revenue to mystically and they could do well under a trump administration. faring less well on the week is alibaba. shares are down today by 2.61%. on the week, down 6% for the worst week in quite some time since february of this year. this comes as alibaba has announced a record singles day four hours into the close of singles day. sales were $16 billion. as for why the stock is down on the day, the growth

vonnie: let's head straight over to abigail doolittle who has a chart of the day. a great chart. dowo have the s&p 500 and closing at record highs. we go into the bloomberg and at 47.48.k we have a one-year chart of the s&p 500. on the bottom we have the relative strength index. this is an indicator of momentum. this as a signal to buy or sell stocks. reaches 70 and that is considered to be an overbought note. the s&p 500 climbing above 70. that is pretty reliable trading. lastuy signal over the year, this chart may suggest there could be some declines ahead for the s&p 500. timing is difficult. and from a different angle, volume. we have the s&p 500 on top. into after the election it had been pretty high. we have fewer buyers buying the suggesting that sell signal is something to pay attention to and there could be a callback for the s&p 500 and stocks overall. >> thanks for that. it is time for our bay -- for our bloomberg business flash. 's is putting a new offer on the table to end a's -- to end a three-day strike by the pilot. the german airline's offering pil

it is time for options insight with abigail doolittle. joining me today for options insight is scott of trading advantage. thanks for joining us on this day after thanksgiving. this day after thanksgiving. i hope you had a great thanksgiving. we are looking at quiet trading on this day after thanksgiving. volumes down significantly. what are your thoughts with stocks at record highs again? >> the volume earlier in the week to me was the indicator. barring anything really odd coming out of opec next week or anything else we see, it looks like this rally will continue. that said with the vix trading where it is now, down near historical lows, to me there is no reason people that want to stay fully vested in the market, why they should not by sun protection. protection insurance in the market place via the vix or spx options are just about as cheap and inexpensive as it gets right now. i think we are going higher. i think we can rise through the end of the year. the other side says take a little off the table by buying this protection because

is, let's go to abigail doolittle. t may not feel this u.s.but with the presidential election that brought the surprising victory of donald trump, it also brought some real strength to certain sectors. this is a look at a one-week move in certain sectors like .anks and bio all of these sectors are expected to do well under president trump's protectionist, progrowth policies. today, not so much. where looking at a lot of red. construction is just getting into the green here. a lot of red. the most movement is in the banks. we go over to the bloomberg. this chart may contain some of the answer. in white we had the 10 year yield, in blue have the banking index. as the 10 year yield goes higher, almost 50 basis points and about half of the week, an amazing move in a week, so rose the banks as well as rates rise. another interesting idea is that as the bond selloff takes a pause, it is also causing -- as -- stocks to tak vonnie: and what the correlations will be further out. we have another three sessions left this week and

abigail doolittle joins us. igail: we are halfway through the trading session looking at small declines from major u.s. after they opened ever so slightly higher in the open with lots of expectations that we could see new records set. did see a new intraday high on the nasdaq, but the other two, not so much. weekly games for all three averages, but the dow is less than .1% separating the dow from declining on the week. if the average can hold this level we will look at two weeks of gains. this follows the powerful rally last week. some of this could represent trading for investors. after the rally, where it stands out is against emerging markets equities. in orange we have the top 1000 stocks within the russell 3000, large-cap stocks versus the emerging market equity index. say of this could investor strategists are expecting the donald trump administration to be protectionist in nature and could help the u.s.-based stocks. when we look at bond yields, we are seeing a spike higher over the last two weeks for the

abigail doolittle is here with us. lly seems to be wearing off a bit. abigail: well put. it does match what we are searing here -- seeing here. policy trading for the major averages here late in the day, we have the dow and s&p 500 trading slightly lower, the nasdaq trading slightly higher. weighing down the s&p 500 are the financials. helping the nasdaq are some of the technology shares. apple trading at its best level or having its best day since september 15. this is one of his top hardware picks. shares had been down after the election. today. hitting new highs credit suisse has bullish comments on a particular type of -- along with a gaming chip. from technology to drugstores, spikingscherzer friday slightly higher. they have been flat now, up quitecredit suisse has bullish comments on a particular type of .- nicely off nearly 5% the steel reporter saying right eight and walgreens are nearing closer to divesting their stores which they need to do to have dhe merger go through as planne for early next year. walgreen

over to abigail doolittle. he big mover is eli lilly, plunging after the company said the alzheimer's point ined to meet the the study. third time is not a here. stock is plunging. the worst decline a since 2000. a huge move for this form of company. fair and better in premarket is john deere. shares higher on another earnings beat. 130%ng estimates of by three it looks like cost-cutting and managing is behind the big gains at this point. on thec is outperforming year, and investors like the cost-cutting strategy, up more than 20% ahead of the gains. loser, urban outfitters, shares are plunging on a disappointing third quarters. they missed estimates by 9% and missedon these sales -- mi on sales. some say they like the company but wunderlich downgraded urban outfitters saying the quarter is the reason for a whole going to the sidelines. guy: thank you. industrial metals trading near their highest level in more than a year. sincest monthly gain 2011. will trump's promise for infrastructure keep it alive? this is

abigail doolittle joins us. e halfway through the trading session looking at small declines from major u.sages in the

let's head over to abigail doolittle. abigail: gold and crew to is a november theme in direct competition with commodity etf. more is the etf analyst at bloomberg intelligence. something interesting happening is we have the commodity complex up slightly. relative to certain commodity related etf's we are seeing them getting whacked. >> they are selling gold and the vast majority are in gold. oil is different. it is not moving much but there are massive inflows. overall etf flows on the month are down. >> can you talk about the divergence in gold, between price and etf flows. happens, etfwhat follows the price. before trump the flows are more positive. now people are getting out there etf's. in oil it is the opposite. are buying etf's. this is a bit of an ominous indicator. oil is not doing much. might be an indication that oil can be getting overdone. their prior periods where you could indicate it is there. record 2 billion could indicate oil is going to go down? >> the massive move in 2015 was about 18 months. the averag

abigail doolittle is standing by. abigail: dow, s&p, mastec into the close -- the s&p 500 is close to a record high. dow had been negative earlier, wait on by walmart, but helping-- weighed on by walmart, but helping three nexis, shares of microsoft it on paper, it's best day since the beginning of november. buy by goldman sachs. the cloud business is quite strong, the second-best in the market, and with 100% growth year-over-year for second quarters, one analyst thinks the franchise and really grow. -- could really grow. i stayed for microsoft, helping to explain some of the strength -- nice day for microsoft, helping to explain some of the strength in indexes. advanced micro devices, shares a 10% gain, best day to day since july 25. our team spoke to an analyst today and he said he believes what is behind the strength is the announcement by google on tuesday that google is going to include amd on its cloud platform, and he says he does not think it will add too much to the numbers in the near term but it as legitimac

abigail doolittle standing by. abigail: not a lot of action for u.s. stocks going into the close of thanksgiving. we are on record watch. the telestrating above 19,000 on paper. we see the s&p 500 and the nasdaq down ever so slightly competing with the decline on the very same day. do have action, we look at bonds, currencies, a lot of action. the selloff in treasuries continue. we look at a rise in the yield. earlier today, highest level since july 2015. on the expectation the fed is likely to raise rates in december. economic data. we take a look at the economic the bloomberg dollar index earlier today hitting a record high since its inception in 2004. we have gold down 2% for the second day in a row. that.s bloomberg, and this is a five-year chart of gold. what we have going on is when the 50 day moving average goes below and signals the bearish .omentum is up we see a large decline suggesting a big decline should be ahead yet for gold. rates rise higher. down today, over the last year, cold is outperforming stocks, gold and yellow. winneris the big

the abigail doolittle is standing by. abigail: mixed trading heading to the close.till on pace for a record close. >> surprisingly, what is dragging on the nasdaq, what would be in the deep decline are shares,the technology facebook, amazon, alphabet. comments,re cautious saying there is significant risk plaguing facebook. only trevor going forward is user growth. he has taken down his estimate in that could be dragging on other internet shares. something else that could be at play because oil is the big story today, the big rally you were just talking about. we take a look at 5201. we may be looking at a sector rotation. reaching out to oppenheimer, he agrees there is a sector rotation. doing well in orange. this is a sector rotation into energy. we do see a little of a decline. defensive shares, utility shares their in blue. it is pretty interesting there. stocks, onenergy part of the energy complex outperforming in a huge way by the u.s. shale reducers including continental resources and petroleum. earlier told us these are two of his favorite names. he really li

let's check in with abigail doolittle. abigail: starting over in europe, we have shares of europe's largest biotech firm after bloomberg broke the news earlier that j and j has made an initial takeover offer of $17 billion. the two companies are in early talks. j and j shares are about flat. it is thought to expand the company's pharmaceutical side. on the year, shares are up 10%. airline company are down after they did cancel more than 2600 flights on a pilot strike. the pilot union is saying that unless they show goodwill, it could extend beyond saturday. the union is looking for a 20% pay hike. lufthansa has offered a big divide. shares of amazon trading about flat. this as the company put up record thinks giving sales of $2 billion. 13.6% growth apparently driven by heavy discounting. you would think the stock in the holiday season would do very well, but on average over the last five decembers, the stock has dropped nearly 4% in the month of december. jonathan: coming up on this program, dollar dominance. the strength

we turn to abigail doolittle. abigail: british-american.se me. it is trading higher. it is that the company has rejected a bid from british tobacco saying to the price is too low. british tobacco already owns 40% of the american company. many analysts think british tobacco could up its bid. also trading higher is america depot, it put up a better-than-expected third-quarter and reaffirmed a full year of you which is better that -- full-year view, which is .etter than the previous it is driven by increased productivity and ticketed transactions. they are set to open flatter on the year. advance auto parts trading higher this morning on a better-than-expected third-quarter, surprising some analysts to upgrade including susquehanna. suggesting that of advance auto parts could see the upside of more than 15%. david: thank you, abigail. coming up, gary stern, of advans could see the upside of more than 15%. on the fed's will. this is bloomberg. ♪ jonathan: this is bloomberg daybreak. equities stable. down futures are up about eight points. as a

we will find out more about what is moving the nasdaq lower with abigail doolittle. : we do have the nasdaq modestly lower, down 3/10 of 1%. the nasdaq is on pace for its sixth daily decline, the longest losing streak since april. one source of pain for the nasdaq and stocks appears to be rising rates. the 10 year yield last at levels seen and may. desk in may. may. only going to the bloomberg and take a look at a chart we looked at just a few years ago -- weeks aqua,e have the nasdaq in in white we have the 10 year yield, and the new normal of bonds selling off is shown as this divergence, we are starting to see the divergence close with the nasdaq coming down, rates going higher. if this continues it suggests we could see that nasdaq and stocks correct a bit more as stocks go higher. as for what is moving today, starbucks trading lower, one of the worst drags on the nasdaq. deutsche bank lower. at 4%.e now looking they are bearish ahead of the andany's report on monday starbucks did put in a 52-week low. one bright spot, we are seeing a rebound and biotech. biogen a

for now, abigail doolittle joins us now. abigail: first down day in u.s. stocks in five days.ree major averages closed at record highs to the dow and the s&p 500 had been on a four-day streak of putting in record highs, the first

abigail doolittle has more. dang -- abigail: with the s&p 500 and the nasdaq down more, really being weighed on vital stake -- weighed on by those big internet companies -- the dow yesterday finished at a new record high. is on pace for its best weekly performance since 2011. what is interesting is the divergence of the nasdaq, finishing lower yesterday. as for the sector action within 500, attic bit of red. -- we are at a bit of red. markets close with yields moving up so much this week. looking atom we are health care, a little bit of a reversal. the rally has been a big one. we take a look at u.s. market cap function. it reflects the best week for the dow since 2011. the best week for the s&p 500 since 2014. we are seeing slides in oil and car -- oil and copper. this could be iran saying that not only are they going to join some supply opec deal, but they 'sve reported record output international sanctions have lifted. >> you have the real estate, the utilities. those sectors are falling for they've all benefi

coming up, it is the battle of the charts here at abigail doolittle takes on vonnie quinn. .nterest ratestheme this is bloomberg. ♪ mark: we take a look at some of the most telling and compelling charts of the day. you can access these charts by running the function, kicking things off. >> including the election of dollar job as u.s. president plus the massive rally in stocks . perhaps the biggest surprise of all relative to financial markets, the 10 year yield going back about 2%. back ins on a chart august, it suggested we could see the 10 year yield back about 2%. maybe 1.5%. suggested they could see the move up. they have moved what confirms what is up next. in 2016, we could actually see yields rate much higher. 2.65% and maybe even 3% as rates backup. mark: you can find that chart? >> you can see it on the bloomberg, 4883. mark: take it away, vonnie. vonnie: i love that chart. i was trying to come up with competitors we have. you can see the phillies have underperformed. rising,of bond yields people have been investing in utilities, try to get income at a low and negative yield. --

vonnie: let's go to abigail doolittle as we check on the markets. we are looking at technology. we have the major averages in the u.s. surgeon. over the last few weeks it has been a different story. on friday, the vix had its first-ever nine-day spike higher. the s&p 500 dropped for nine days in a low. its longest losing streak since 1980. the question is are we bouncing higher, or are we seeing weakness? when we go into the bloomberg and start off with currencies, the foundation for all asset classes, when we look at this function, this is the charge of the new zealand dollar against the yen. off.ring of risk on or you have the growth of the new zealand dollar versus the safety of the yen. we saw a recent and that the new zealand dollar went about its moving average. this suggests we are going to see some sort of near-term bounce higher. when we take a look at commodities. we look at the bloomberg commodity index, we're looking at the commodity index. on friday, we had a successful test of the 200 day moving average. that appears to be bullish. this is leading to the top of tha

let's go to abigail doolittle focusing on medical devices. have near records on the day, but one sector not helping today, health care, the worst performing sector in s&p 500. -- nailed it as far as why k health care equipment stocks. s&p 500 health care equipment index down sharply on paper. worst day since august 2011, so a lot of weakness. the reason for the weakness among the device makers, medtronic. the stock has plunged, this comes on an ugly fiscal second quarter. they missed sales, estimate by 1.6%. the third sales missed out of the last four quarters. this time, it has to do with cardiac devices and ibd devices. the ceo of medtronic says the company is focusing on "tucked in acquisitions" to drive growth. but a lot of times, they want to see organic growth and not one from acquisitions. we go to the bloomberg and the year to date097, chart, in blue, s&p 500, white, s&p 500 health care equipment index and they are tracking along most of the year in tandem. two things stand out, first, divergence after the election. s&p 500 shot up tow

abigail doolittle has the latest treat abigail: stocks opened slightly higher and trading of they lower on the end trading week. looking at weekly gains for the three major indexes, including the dow, s&p 500 and nasdaq. looking at potential records. the nasdaq around the open did put in a new intraday record high. everyone is watching to see whether the s&p 500 can put in a game there and it is worth for u.s. indexes, so strength for stocks overall. we are flipping into some green, so a great day to watch what happens. we are seeing big moves and volatility with a short-term volatility index. the volatility index over the last two weeks has really outpaced the vix for the fear gauge and having the biggest drop ever, so something volatility or dropping volatility as we move into the smaller stock mode, but what we see some strong volatility on the day is the 10 year yield. earlier today, it did printed but hash of about 2.34% fallen off. a lot of movement in the bond yields and you have to wonder considering that trough to peak or peter trough over the last two weeks, the 10 year yield

let's turn to abigail doolittle looking at several retail movers. the first is counterintuitive. we are looking at amazon, shares are down more than 1.5%. the fact that the stock is dragging. the big story out of the black friday shopping weekend is the fact that e-commerce did so well, up 17.4% year-over-year, and yet we have the e-commerce giant down. this could look like what we have seen in decembers past. amazon has underperformed the s&p 500 in a big way, down nearly 4% in the month of december. the bloomberg intelligence "sellts say this could be the news" type of action. this could be an early look ahead of what is -- to come for amazon. this is a weekly chart of amazon. we see this is this year's big rally up, but we also see toward the top there is an area of congestion that bloats the uptrend. it moves into a big selloff earlier this year. perhaps looking at some more weakness ahead. beyond, what could be the 4% move lower. as for brick-and-mortar retailers, they are not feeling much better. they are all sharply lower. the national retail

abigail doolittle is here with the latest. onds were not trading friday.e catch-up trading today after that huge rally last week for the s&p 500 and doubt in the nasdaq. modeste are looking at declines after these three major averages opened slightly lower. we're looking at some of the technology names, apple, facebook, google. some believe that the donald trump administration could have reductionist policies that compete with their global interests. amazon is having their fourth down day in a row. however, helping the major averages today are the banks. i give america, jpmorgan, wells fargo, citigroup all trading higher. bank of america trading at levels last seen in 2008. a significant rally here. one reason they could be trading higher, the rally in rates. we have been two-year, 10 year, and 30 year yields trading higher. the price of this is consistent with the selloff in bonds. this has to do with the president-elect trump and his administration, the likelihood that it will be progrowth. some uncertainty around what could be had for the fed next. fina

. ♪ mark: let's get to abigail doolittle looking at markets. abigail? abigail: it is amazing.ajor averages trading modestly lower, the next trading, but market watchers were looking for a massive -style selloff. it will be interesting to see whether those comparisons between the election and brexit or more in tape and we will do this through asset classes. 4860 two, these are the safe havens. in yellow, gold, and wife, they in whites, the- yen-dollar. into the election, we have the safety trading off and when you take a look at equity, we have the s&p 500 over the last year doing something pretty interesting, which is the fact that they're are pulling up this chart right here, a nice uptrend and into the brexit, a rebound action and into the election, a rebound action as well. we have the selloff and then rallied higher. ,nterestingly about the brexit it strengthened the uptrend, but this book ahead of the election. this geared is, was around election as investors sought safety in the situation? when we take a look at bonds and 4864, the answer is probably that the election is

here's abigail doolittle. the hundred and nasdaq all at record highs as the intraday and closing basis. very important according to the head of technical analysis at oppenheimer is the fact that his record highs are coming on a concurrent fashion. suggests that more strength is ahead. as for what got us here, they recall going into the election, there was a bit of a pullback for the u.s. major averages trade from a sector standpoint, looking at the financials, industrials, and materials as top sectors. today on the strength we've had technology trade higher for the first time since the election. ahead, according to katie stockton ibt ig, she does believe that if we can 2194 concurrently, the eye is on the target set back in july of 2400. amanda: thanks, abigail. more "bloomberg markets," after this. amanda: symantec is buying lifelock for about $2.3 billion. deep joins carol massar and cory johnson on radio. carol: thank you. welcome, this is bloomberg radio. man deep singh is with bloomberg intelligence, and

you can access them on the bloomberg by -- abigail doolittle kicking things off. >> taking a look att be the focus for investors after the election. likely to be the focus prior to the election, a likely fed rate hike in december. can the fed raise rates without weighing on stocks and the economy. chart, a long-term chart of the s&p 500 in white, the king year yield in off what the velocity of money, as the tenure has declined, this is reinflate it stocks 500 and helped move higher and 40 while helping people lost the of money trade mid-1990's, a stronger economy as money exchanged hands quickly. as the rate policy became more ordinary, the velocity of money has gone down to all-time lows. can the fed overtime raise rates without causing the velocity of money to continue lower and way on the s&p 500. a bit of a conundrum for the fed. mark: where can you find a chart? >> btv4840. vonnie: i love that. i question we need to ask tomorrow. jpmorgan'sty chart, index, g7 currencies but what is pre-brexi., t. the pund -- pound is a major element. election will be dollar positive neutral or n

abigail doolittle has more. abigail: a wishy-washy day. with alooking at eanes bullish ending for the three major averages, especially the nasdaq up more than 1% but the dow is red. this is notable when you take a look at the five-day chart, a nice gain of 3% but what really makes the gain in the dow into the green notable is that it puts it on pace for the fourth record close in a row. real strength there. helping the dow today, different stuff. for verizon, chevron and microsoft and apple. verizon could be higher as we have rates falling with a dividend holding stock. it becomes more attractive as rates fall. chevron helped out by oil. and we have apple and microsoft also trading higher as a bit of a reversal of the weakness we have seen recently in tech, getting a boost today. as for the strength and oil, we take a look at oil and copper and we see a tale of two stories within the commodity complex. up more than 6%, the best day since the end of september. that is on the news that opec may be close to making a deal for a supply cut that

abigail doolittle has more. abigail: we are looking at the same trading for u.s.tocks going into the close that we've seen all day. mixed, tired, lackluster. the nasdaq up slightly. the dow is on pace to snap a seven-day winning streak, weighing on the dow and s&p 500 are the financials you had mentioned. when we look at an s&p 500 bank index, it's down 1.7%, a dramatic drop there. on pace for its worst, first drop in 8 days. let's of weakness within the financials. we go micro and look at the individual stocks, lots of weakness there. citigroup, wells fargo, all lower. some of this could be taking a breather from last week's big rally. talking about valuation. when we going to the bloomberg and look at a chart of the xls, which had its best week last week and quite some time, we are looking at a chart provided to us by mkm partners. this is g #btv 4872. he was kind enough to share it with us last week. that in fact has happened, you can see that over here. the xls is above the 20 15th highs. is outperforming the s&p 500 over the last three years. it has snapped a

. >> abigail doolittle is standing by. abigail: it has turned into another volatile day. from a standpoint of percentage change but from the fact that we been flipping from green to red into the close, both the s&p 500 and the nasdaq turned slightly red. on the week is a very volatile week, we have the three major averages on case to finish lower on the week and more than 1% for the second weekly decline in a row, the worst decline since september 9. the fear gauge and affected. also the vix is going to the putting in a record nine days higher. so a tell on the idea and right now on pace for that record. the idea that on -- investors are on edge ahead of election. week, on, down on the case for its worst week since january as a bit of a signal around the economy and growth. look, the s&pa 500 put in another risk off for suggestion that we could see some risk off ahead signals. the index tested its 200 day above, and over the last 10 years or so out of the financial crisis, three times when the s&p 500 has gone be looked -- below the 200 day moving average. there could be

let's go live now to the nasdaq were abigail doolittle has more. abigail: it has been another volatile day for the nasdaq. the index is up ever so slightly this morning. the fact that the low is down 1% closer to the lows right now and similar to the s&p 500 on pace for its seventh decline in a row, the longest losing streak since april 2011. for most of the day, dragging some of the big stocks. report after the close. this is the last of the reports for the earnings season. looking for adjusted earnings on since $1 billion of revenue and bloomberg intelligence analyst says one of the upsides here is the fact that histogram is ahead of schedule. on the other side, a possible downside is the fact that some metrics are worsening. investors expect this to be 85% of revenue. we're looking at huge growth. when you go into bloomberg can look at 4735, this is right out of the ipo in white. then we have the company's sales and in purple, we have earnings. year over court -- year-over-year growth for earnings and sales. 213% for earnings. concern fore some s

abigail doolittle is a standing by. abigail: not a lot of action. the dow is at 6500.ll are trading a little bit lower. are back.ekly gains as to what is helping with technology, microsoft a top percentage perform it. it is up on an upgrade. nid the lady likes -- beli likes the business. and really on fire as google says they have added -- to their cloud platform. and our team spoke to them yesterday, saying it adds to legitimacy for amd. they are up on the year. it is a huge winner. and a top performer, we are looking at the financials, bank of america, citigroup, jpmorgan, and wells fargo are higher for the week. that is after the big rally last week. jpmorgan earlier put in an all-time record high. and helping the banks with the rally in rates, helping the banks to lend and make more money that way. we are seeing strengths. and we are looking at the bloomberg. 4872, looking at this chart, this is provided from jonathan. it is a great chart. laste the xlf over the three years. we see that it recently put in a new high, raking in about a 20% high. and the tremendous o

let's get more detail from abigail doolittle. abigail: stocks in the u.s. for direction on the day before thanksgiving. let's take a look at two technology shares that are dragging the most. first, apple. shares are lower but off the lows. behind this is rosenblatt securities saying they believe apple is trimming the component order forecast for the march order, and the consensus iphone shipment could be at risk for the march quarter between 52-54,000,000 units. this could create fear for investors because last year, revenue fell. that was in 2016, the first revenue decline in more than a decade. so investors think the march quarter is going to be weak again and it could drag on the stock. that will be going to the bloomberg, this chart may provide some comfort to think there isn't going to be a repeat scenario of iphone shipment forecasting being cut. this is a four year chart of apple. recently on the weakness into and out of the election, the stock has tested its 200 day moving average, bouncing off the moving average. the last three times this has happe

let's get over to abigail doolittle. >> the big deal is official.i'm talking about tesla and solar city. 85% did approve the merger. this does combine green cars with green rooftop panels. the question could be going forward, could it help the stock? trading lower on the session in the u.k., we are looking at some of the miners. we had some weakness here. we are seeing a slide in metals including copper, iron, and gold. iron was down four days in a row. some of this could have to do with strength in the dollar. the dollar index is on pace for its best quarterly performance since march 2015. are tradingres lower after the company actually met estimates on the top and bottom line for the third quarter. what investors don't like is the fact that the company has been promising revenue growth. revenue declined in the current quarter, so the stock is getting somewhat hammered. david: coming up, alabama senator jeff sessions is reported to be the pick for attorney general. we will have more on the process for picking the next cabinet. rout pace, the bond c

let's head over to bloomberg's abigail doolittle for a take on the markets. the opec supply cut deal, the first in 8 years. we have all things energy. this does include oil up more than 9%. on paper, its best day since february. outperforming in a huge way are producerse u.s. shale , including continental resources, newfield expiration, waste as petroleum. continental resources up about 24% at this point is on pace for its best day since 2008. huge strengths here, and the logic behind it is if he climbs higher, these shield producers will put supply on very quickly and it will move right to the bottom-line. one point to make around this, we going to the bloomberg and g #btv.ook at in red we have a oil. we see a decline over the last four years. white, purple, and blue, in production. that two of the other big bases have actually declined. oil has also declined. if oil does climb higher, you could see these production. producers bring that supply higher. our team did reach out to mike kelly at seaport global holdings who was nice enough to speak to us. he said

alix: think so much, abigail doolittle. overall, dr. relatively soft. warren buffett, the berkshire hathaway ceo. he will sit down with david rubenstein. he spoke about his growth in the u.s. r.: you think it is possible to grow between 2% and 5% in this economy? mr. buffett: it will be possible, but 2% growth -- 25 years, a generation, we will add maybe 18, 19,000 dollars of gdp per capita -- a family of 4, 70 5000. we are just beginning. alix: that was warren buffett speaking with david rubenstein. you can catch the full episode airing at 8:00 p.m. in new york. just the of growth for warren buffett it always optimistic. david: he does love this country -- it is nice to talk to him. uplifting. six days away from the election -- talk about uplifting, according to a new bloomberg politics poll, hillary clinton holds a slim lead over donald trump, with independence, in a poll conducted after the news of the fbi probe. these are national polls that tend to show things tightening -- the abc/washington post poll at 1%. nationally, it looks to be tightening.

let's head to abigail doolittle. longest losing streak since the end of may.t is on pace for its worst decline in three weeks and lowest level in seven weeks to close. for nasdaq.dent much appears to be driven by technology. it is not entirely clear was behind this trading action. could be followthrough that some investors consider to be disappointing. down five days in a row. we reached out to sean, who has really been good on this. he is surprised by the degree of in the country is adamant returning to topline growth. overall, this should help support the stock. something interesting has happened today. itsstock dropped back below moving average. the last time, it bounced right back off of this. there is a reason to think we could see a continued weakness here in apple perhaps down to the 200 day moving average. the stock trading at a discount right0 but they support around 103 and 104. >> facebook off by 1.3%. what are you hearing? >> facebook put up tremendous quarter after tremendous quarter. they beat nine out of the nine last times. investors are lookin

let's open it up to abigail doolittle, who has more. abigail: it certainly is a risk on day.e clearly -- clearly in trading beingice inversely yield, nine days in a row with lots of investor jitters. some investors have been comparing or wondering if the upcoming election could in fact bring a brexit type selloff. some well-known investors we are talking about? selloff,n, pullback, typically announced and take most investors by surprise. it will be interesting to take a look at the s&p 500 and the 10 year yield, with stocks and bonds into the s&p and the election to see if there are any similarities. going to bloomberg, we take a with 30 days4820, of trading into the election and the brexit. there's a nice uptrend until the big selloff that caused the s&p 500 to slide bearish late below the 200 -- bearishly below the moving average. good -- moving into the election over the last a few days, we have seen a downtrend and just last friday the index bounced off the moving average. suggesting that we were caught offguard for the exit, but have been -- brexit, but have been prepari

abigail doolittle is standing by. we have stocks in the u.s. finishing on a strong note.he dow s&p 500 and asked at all trading in the green. abovee the s&p 500 back that psychologically importantly 200 level. all three of the major averages to close at all-time record highs. less than 30 minutes will determine that. strength extends right through to small-cap. we take a look at btv 3302. this is a one-year chart of the major averages. plus the russell 2000 which closed a record high. this is the first time we had all four of these averages closed at all-time highs since 1999. we are looking at some strength here. the fact that these averages are , he toldt record highs in an email that he considers it to be bullish and a likely signals that more strength is ahead. as for the s&p 500 and what is ahead, katie stockton, the chief of technical strategy, was kind enough to share her thoughts yesterday. looking at 5091, this they chart we just took a look at an hour or so. a very nice uptrend. then we see volatility between 2014 and 2016. we have new record highs. despite the

let's go to abigail doolittle for a look into earnings and movers. art off with shake shack. shares are sharply higher. on pace for the best day in more than a year after the company put up a better than expected third-quarter. and they do expect the positive trend to continue. 2017.xpect an increase in soda stream up nicely after they put up a huge third quarter. they made $.69 per share. 100 and 87% better than what they were looking for. they do expect that strength to continue. the earning strength extends over to the retail space. we have macy's trading higher. kohl's is up the most since early august, as is macy's. kohl's up a strong third quarter. $.80 per share, $.10 better than consensus estimates. and they also reaffirmed a full year view and increase the share buyback so lots of good stuff there. macy's, interestingly, higher despite a huge earnings miss. what investors do like here is the fact that the company has created strategic alliances with work field asset management to create a pre-development plan for real estate assets. this is s

bloomberg abigail doolittle is standing by. >> pretty amazing.e almost looking at quietly bullish trading. there's not a lot of exuberance but very bullish because we have the three major averages all trading at record highs. basis, a closing record high. has happenede that since august 15. the top performing sector, energy being boosted by marathon petroleum along with chesapeake energy. behind this we have a nice rally in oil. isay up nearly 4% as opec saying there close to working on a supply cut deal. as for the top performer, marathon petroleum. we have a separate situation outside of oil. elliott management has urged marathon petroleum to split into three different businesses. they could unlock up to $19 billion that his company after it's been out for marathon, oil is severely undervalued. as for the macro driver behind all this, let's take a look at the chart of oil. this is a three-year charge of oil. this year we see that -- chaerrt of oil. typically this is bullish. it tells us that the buyers are in control. perhaps this happens again

abigail doolittle is standing by. >> we have been looking at trading for the three major averages ally. it is fluctuating. going into the close, the dow and s&p 500 are trading higher. the dow is on pace to close at a new record high. as for the nasdaq, it is in the red. it has pared its losses. the tech sector is really one of the big jags for the market over all. we are talking about apple, microsoft and amazon. and facebook on the month is a down about 11% for its worst month since 2014. big jags for technology. many have been down for the last four days. oneover at lake capital, investor saying that this could reflect uncertainty around the protections policy under the trumpet administration could mean for companies with national exposure. and the winners we are looking at, the banks. the rally continues. bank of america, jp morgan, wells fargo, all trading higher. bank of america has had its best four-day streak, trading at levels we last saw in 2008. and jpmorgan should finish at a record high. strength, why the big the rally in rates. the tenure and to year and a 30 year are al

barely moving, up just three points. .he s&p 500, down let's go to abigail doolittle with more. >> we some analyst action. archer daniels midland, shares of the agricultural company are lower, on pace for their worst day since february on a downgrade over jpmorgan. the analyst may the bearish move following management meetings. she sees the downside risk to u.s. agricultural. she sees more than 10% downside for the shares of archer daniels midland. are shares of tiffany, up 1% on an upgrade at cowen to over perform. the analyst says luxury is coming back. he sees about 10% upside for the shares of tiffany, which are up on the year, but interesting is a divergence between tiffany and diamonds. over the last five years -- three years, shares of tiffany and in orange trading lower. a recent divergence. it will be interesting to see how this plays out over the long-term. annualalibaba held its singles' day shop upon, a 24-hour spending blitz. it dwarfs black friday and cyber monday in the u.s. emily chang spoke with the alibaba copresident mike evans earlier today. day is the biggest shop

let's dig a little bit deeper into the nasdaq and get to abigail doolittle. abigail. companies have been hammered. yesterday collectively these stocks lost 41 lien dollars in market caps, relative to the broader markets gaining. a huge divergence there. but on the trumped win that these companies have a lot of international exposure, they may not in effect under a protectionist policy. we have the shares of the graphic chipmaker absolutely soaring on their best day since october 2008. they also raised the current quarter sales guidance to $2.1 billion. a huge quarter here. surprising -- surprisingly is not on the hide. valuation is at historical highs. we see this, we see both the stock and the five-year average price to earnings multiples are very high. sustained?n this be >> we are at the tail end with 90% out with their quarterly numbers. a few hours ago we got jcpenney cutting its sales forecast for the year. we are going to go to joe, you for beingk with us. was looking pretty good and then jcpenney came in this >>ning and what happened? the other department stor

we get across to abigail doolittle. abigail: we are looking at an unchanged open for u.s.nd s&p 500 and nasdaq. the s&p 500 is slightly higher, ever so slightly higher, so it is a continuation of the higher trading we saw yesterday. investors taking a breather after last year's -- last week's collection valid -- election rally. aree he do have movements in the homebuilding stocks after a surprising home-building number. up 25 .5% for the month of october, the best since 1982. the best in nine years, perhaps adjusting for the boom and the bus in the housing bubble being smoothed over. we also have toll brothers and such trading higher. the homebuilding etf yesterday on the close, that was down with rising interest rates and the fed hikes weighing on the sector but the strong housing start could perhaps turn the homebuilders around. david: we turn now to cisco systems. they reported their first quarter earnings yesterday. they beat analysts in earnings for sharon revenue. revenue,lower in joining us now from headquarters in san jose, cisco ceo chuck robbins. a combat. -- wel

for more on what is moving, let's go to abigail doolittle. d highs, but we have two big winners to take a look at. time, the shares trading sharply higher on pace for their best day ever in more than two years on a new york post report that the "time" board has rejected an $18 per share bid in partner with access capital. because it is only 30% below, speaking of unlocking shareholder value, elliott management, a letter outlining a pass to bring this stuff up to $80-$90 per share. management is one of the top shareholders in cognizant. the question is whether or not that valuation is reasonable. five-year church. we see a beautiful uptrend. over the last year, cognizant technology as been trading down. on today's strengths, we have the stock back above the 200-day baby thatrage. $80-$90 per share is not a reasonable. julie: as we have been talking about the holiday shopping season has officially begun with black friday leaving into this leading into cyber monday, we are looking at where the world's most valuable companies dance, apple, of cour

over to abigail doolittle. abigail?n the open but a look at health care stocks plunging on earnings per first up, shares a free marketdo. again on unexpected or quarter earnings. -- unexpected third-quarter earnings. the generics plus valiant and he did not think that third-quarter results were an inflection point. the stock is down more than 70% and he said there is no urgency to buy this stock or any in the generic space. plunging anymore is cbs, the stock on pace for the worst day in seven years. the combination of a mixed third-quarter and a shocking 2017 outlook. they lowered the full your running outlook. -- full year outlook. moderating price inflation and a possibility that pressure from hillary clinton around hydro price could have an impact. time will tell. a go to bloomberg and look at bearish chart. we see in of trent that has been -- we see an uptrend that has been slashed. this chart suggests we can see the shares of cvs trade closer to $50 of the months ahead. alix: brutal. at how it might land after toda

for more, but skipped a few movers and get across to abigail doolittle. abigail: good morning.erials company are higher. soaring on the news that australian tell peralta is buying a headters. u.s.will double row costs operations. as for another winner on some and and a action we are at lifelock. shares of the identity theft protection company are higher on the news that symantec has bought lifelock for about $2.3 billion. this is going to combine the identity theft product with symantec postmortem antivirus. as for what it means for the stock, we going to the bloomberg and take a look at btv 5073. it could come down to a recovery in revenue. in white we have the stock over the long-term. lots of trading action volatility. uncertainty on the part of investors. and blue we have revenue which recently took a slide. if this deal can help revenue recovery along with bluecoat security it could help the stock break at about long-term trading range. david: the asia-pacific economic cooperation leaders gathered in lima, peru. the big discussion being china's efforts to be the world cham

i want to get to abigail doolittle. abigail: we have wild swings within sectors.e one sector that is really losing and one that is winning. these are the hospitals. we are looking at hca holdings community health. basically what's happening according to cheryl skolnik, the triple play is a worst-case scenario for health care. she believes this could mean that affordable care could be repealed. clear. she's looking for more clarification from the trumped administration. -- trump administration. some real weakness there. we are looking at the big pharma stocks. these chairs are nicely higher including pfizer. and eli lilly. around the drug pricing debate led by hillary clinton is really easing. we have bmo saying they expect more m&a in the space. michael douglas is expecting a relief rally in the big pharma shares. david: earlier today we spoke with tom barrack. he is a staunch trump supporter, advisor and friend. we asked him what he thinks trump can get done. last night which is what we have talked about before is the real donald trump. the sympathetic, the chari