i think abigail had a special relationship it has abigail was a bad child. my mother had to send her away. so abigail, and also it's easy to respect a grandmother. it is easier as a grandmother to be forgiving than a mother. but the other sisters didn't. mary was always at home. mary was helping her mother. and then when mary got married, and when elizabeth left to live with john and abigail, but when the parents got sick which was -- she had to be home taking care of them. and the grandmother was gone by then. >> wendy believe is the best for to set a new example the youth to follow? ms. jacobs: what time in life? >> yes, the best time to make a decision in life. ms. jacobs: that is interesting. you mean what time in childhood? i would say childhood. i think all the different stages matter. i mean, with my knowledge of children, you make one impact before they are six or 10 or whatever, and then when they're adolescence, they seem to have forgotten everything. i think they did the best they could as parents. they were strong parents. some of them turned out

it's time now for "options insight" with abigail. abigail. abigail: thanks so much, betty.on for the cboe options institute. russell, thank you for taking the time and happy new year. russell: happy new year to you, too, abigail. abigail: when we talk about the dow 20,000, it hasn't happened in 2016. will it be a 2017 event in your view? russell: it's getting farther and farther out of reach and a lot of market participants feel like we're -- it's as far as we can get in the bull market we are in right now. so the fact we missed it late this year, it might be one of those things that they're going to have to put those hats away. abigail: very interesting. relative volatility at the beginning of the year. you said people had big expectations for volatility. it really hasn't happened. can you tell us why we are not seeing it? russell: this time last year, and we are supposed to be making our market projections for the following year, you had a lot of commentary in the volatility space about moving from a low volatility regime to a higher volatility regime. typically we have a

abigail: what about catalysts?st we see it is seem to be a different topic people do not seem to touch on. they are online platforms where you can invest money without a physical advisor there. it is automated, using algorithms. it does not have the human element. they typically have lower fees. the two main ones are vanguard and schwab. you would expect vanguard puts their money into vanguard etf's or schwab into schwab etf's. but what is interesting is the third one and forth one. combined, they do not have a time of assets, but they are growing at rapid -- a rapid pace. aroundain is somewhere these $600 billion range. the fact that they and will onnt do not actually focus one issuer. they can spread it around. what they tend to focus on is the lower cost etf's. so they tend to you schwab and ishares for commodity exposure or maybe municipal bond fund ts. that is interesting. maybe as we shift to lower-cost etf's, you will see a push for etf's -- for betterment to use lower-cost etf's. abigail: great stuff. thank

mark: abigail, -- vonnie: abigail, i think you just tipped the scales.ion of whether the dollar will go higher or lower is what we are focused on. but courtney, your chart is amazing. let's have a check on european markets in general, where they ended the day including a record for the ftse 100 thanks to the likes of metals and mining companies. not so for the dax. ♪ vonnie: it is noon in new york, 5:00 p.m. in london, and 1:00 in hong kong. i am vonnie quinn. oliver: i am oliver renick. from bloomberg world headquarters in new york we will be covering stories from cleveland to london, jerusalem and the arctic circle. u.s. stocks retreat from record highs as the dollar trades at its highest level in decades. at itsr confidence is highest level since 2001. what does that mean for the retail sector and the u.s. economy as a whole? we ask that question to jack kleiman. the world's most famous pop up .otel, a behind-the-scenes look halfway into the trading day, avalanche -- abigail doolittle joins us. abigail: yesterday's rally has evaporated. stocks opened

abigail: thank you so much, jim. julie: thanks, abigail and jim.ins "what'd you miss?" and he had been one of the biggest balls on wall street. he is calling for a correction in 2017. this is bloomberg. ♪ i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. berlin as aoday in truck rams into a christmas market causing at least nine deaths in multiple injuries. berlin police say that people died after the truck mounted the pavement and crashed into a crowd. while police refused to speculate on any connection with terrorism, the incident is reminiscent of an attack in nice, france in which a truck drove through crowds causing multiple dea

let's go to abigail doolittle for the latest on what is moving. abigail: we are looking at a nice rally. the dow, the s&p, and the nasdaq higher. the dow has blend -- been flirting with a possibility of a record high. far from itss not all-time inter-day high. not surprisingly with the outperformance in the nasdaq, technology is one of the best sectors. apple and microsoft are two of the top. we have apple nicely higher, up three days in a row. pearson investors like the news that apple is fighting a $13.6 billion tax bill from the european union, asking the eu to overturn a tax repayment order made about august around back taxes from ireland. as for consumer discretionary stocks, we have some strength. amazon is a consumer discretionary stocks. one of the top points boost. disney is the top point boost for the s&p 500. the dow, disney is the number one on the u.s. list for bank of america merrill lynch, saying a lot of good stuff is happening. the shares are nicely higher. 20% upside. not bad for a large-cap stocks. " powering, "rogue one it. the

abigail do the little -- abigail doolittle is looking at the performance in context.re isn't much trading action to report on. we look at the s&p 500, this looks like there is a lot going on, but we have the s&p 500 up .01%. really a very small trading range david in fact, we have data to back that up. #btv 2839. range on the day, we are within a four-point range. simply amazing, very small range. passive range back on black monday ine black august 2015. also the brexit. sinces the smallest range december 2013. not a lot happening. today is the official start of the technical santa claus rally. the santa claus rally is defined by the last five trading days in the first 2 of the next year. the gains over the last two years have really not been that great. outside of 2008, within all the volatility. those seven days, it is actually about .6%. not a huge rally there. lastly, if you take a look at the s&p 500 movers, just to hammer home the point that there is not a lot happening here, of the 500 members of the s&p 500, there are some stocks with more than one. the other

abigail doolittle.ses 85.4 billion dollar deal between time warner and at&t has many wondering if things like that will be normal going into the next year. under growing pressure as they continue to lose customers to online services like that looks. as cable tv reached the tipping jerry joining us is smith. let's start with the story on a tv. my buddy just tested me saying i cannot wait to talk about the redskins. it is about all of these people -- hg tv.d tv -- hd home andnd garlic -- garden television. fixer uppers, home and modeling designs. it has had a remarkable year. cnn, and behind only fox's and espn. do not watch house hunters and things like that? vonnie: i'm watching it right now. what about facing challenges in the current landscape? owned why -- their stock this year has been up 30%. a lot of that has to do with the ratings at hg tv. a lot of big pay-tv companies like at&t and charter, they are getting eager through mergers and they're able to squeeze smaller programmers to get lower rates

abigail doolittle joins us. abigail: we have some good news and bad news.cks changing higher. all three major averages are up. they have all carved out new highs. thet now, we don't have

mark: beat that one, abigail.as to do with the idea that for such a long time we've been hearing the idea that stocks are the only game in town because the yields are so low. they've been going in stocks, really driving these up. that 10ls with the idea year yields on the rise provide an alternative to investors. we see that the 10-year yield is above the give it in yield on the dow by about 20 basis points. it's suggesting that could be competition from another asset class for investors. you can find my chart in the bloomberg. separating you to is nih impossible. the stock futures over four months relative to one month. also over a four-year high. it is similar to what you are saying. because julie started up by saying i was inspired by mark's charts, those words, you had me at inspired. i don't know what you guys said after that. that did it. julie: now i always know how to win in the future. mark: that is how you win in the future. well done both of you. julie takes it by a whisker. that is the european close.

over tolet's head abigail doolittle. she has some charts of the day. abigail: indeed we do. with gold. we look at e.g. #btv 5218. this is a five-year chart of gold. the golden nominal peak back here in 2011. we see the strong trend after the federal reserve disappointed by instead of doing qe, they did the operation twist, which set off the bear market in gold. at this point we have gold i are on the year slightly, but weasley gold has come down. at one point, it was up 20 percent at up now about 8%. the relative strength index is suggesting that gold may be oversold. it is well below 30%. it has been there for -- 30. it has been there for a while. perhaps it was a bounce in gold. on the day, gold is getting a hit of a bid. late in the morning, there was a report that china did these a u.s., unmanned drone. by 1% earlier. coming off of the lows a little bit, but still higher on the day. let's look at gold in relation to the 10-year yield. #btv 3283. in blue, we have gold. in white, we have the 10-year yield. see the diverging trading action. it is very interesting. usually r

abigail doolittle has the latest.e dow, s&p, and nasdaq trading higher but we have stopped trading off of their highs. was on pace to set a new record high but now is off of that pace. the dow jones now hitting a new intraday high. -- the nasdaq now hitting a new intraday high. the dow jones close to the 20,000 psychological milestone but we are well off of our highs. the downtrend continues but there are some suggestions that we could break higher. pot hardly a watched boils. that seems to be the case. 20,000,ow data achieve it would've have been the fastest on record, but now the best we can do is perhaps a tie tying theays, record from 1999. it is after today, if it happens, it will no longer be the fastest on record. as for the fang stocks, we have a nice intraday chart. amazon is higher, the company saying it was their best holiday ever. facebook is higher but on the have been down about 9% on the quarter, on pace for its worst courtly performance since september 2012. that was not long after the ipo, when facebo

abigail doolittle joins us. abigail: we have some good news and bad news. we have stocks changing higher. all three major averages are up. they have all carved out new highs. the s&pw, we don't have 500 on pace to finish at a new record closing high. the dow has failed this point to achieve 20,000. it has that frothy field. you can see a lot of movement. the big story is the fact that the dow was 12 points away from the dow 20,000. if it were to happen today, it would be the fastest gain for the dow ever. there is a lot of exuberance there. that is being matched. when we go into the bloomberg, it's amazing. you can find anything in there. this is the average volume. the green bars shows us the 20 day moving average. the blue line on the green bar shows what's happening today. the orange bar shows us what is predicted for the rest of the day. spikes on- see big the open. we do have stocks of these record highs. the volume is a little bit weston where it has been. we have the financial sector leading the dow higher. be as the 10 year yield moves up, we did ag

here is abigail doolittle. abigail: not a lot of action but ever sodo have is down slightly.veryou can modest decline, but this seems to put the dow 20,000 -- along with recognized. since october8.1% 11. movemarkets pick up and more back to the bearish direction we saw yesterday. the day is still young. something for the year is very interesting happening. look at 5464, annual ranges for the s&p 500. surprisingly, we have weakness at the beginning of the year. this year, the biggest range since to thousand eight, pretty amazed. if effect hundred of about 10%. at the beginning of the year, the nasdaq close to the bear market, the s&p 500 had been in corrective territory. but everything we saw with again has given away on pace for of 10%. winners and losers on the year, starting with winners, we are looking at nvidia, up two point 8% year on year. strength for their business, one higher, natural gas is up more than 8% of the year. of having a good of the year 99% as gold is on pace to finish up 8% on the year for its best year since 2011. to take a look at a couple losers on th

go to abigail doolittle, who has more on market moves. abigail: welcome back. looking at closing record highs in the s&p 500 and nasdaq to the nasdaq trading at an all-time high see the down -- at an all-time high. the dow lacking a little. the big story is whether or not 20,000.can achieve we have been watching for that for some time. if it happened last week, it would have been the fastest 1000 point rise for the dow since the 2000's. now, it will match the fastest streak in 1939 of 35 calendar days. we will watch if that will happen. there is risk on the markets with stocks trading higher. oil trading higher for its seventh day in a row. since opec and not affect cut supply barrels. gas and gold trading higher. looking at the 10 year yield, it is housing -- having its biggest spike in about two weeks. this is represented in the red. three basis points. this matches the risk on pictures asked stocks rally and bonds are selling off. vonnie: i will actually take it from you because they are still on vacation in london. boxing day holiday. thank you. mark will b

abigail doolittle is here with the latest. abigail: small declines from earlier. decent declines for u.s. stocks. we have the three major averages in bearish territory. the dow s&p 500 and the nasdaq. nasdaq is on case for the worst day since december 1. the s&p 500 and the dow jones, little bit worse off. tech is really dragging on the nasdaq. doubtuts records and 20,000 out of mind for the day. this is a chart of the s&p 500 and the index opened slightly higher, and has been steadily declining. there does not appear to be any impetus for the declines. we will be digging into whether or not there is more behind this. on these declines, the last few days there have not been a lot of range for the s&p 500. when we take a look at g #btv this is the daily trading range back to the beginning of the year. a big changes in the beginning of the year where there is volatility and brexit. aboutly we are talking small trading ranges. looking at the biggest since the middle of december. a little more activity for stocks as investors get re-involved. the top two worst percent

let's head over to abigail doolittle. abigail: etf's have taken in $273 billion in 2016.olds, it would beat the high at $30 billion. thank you for joining us, eric. you have a great title, dividing the year into two titles. >> before trump and after trump. i have never seen anything like this. the first half of the year, golden fixed income or doing well and stocks were flat, and then brexit happened and there was a boost, and then trump happened. if you look at the last six have taken and $90 billion, doubling the amount etf's to be the asset class with the most funds. what is interesting about trump, he talks america first, how dramatic u.s. stock flows compared to the other months. he talks america first and that is how the flows are playing out. if you look at the close this year, 91% of the flows have gone into u.s.-focused stocks and bonds etf's. my percent into international -- 9% international. emerging markets took a $25 billion, but europe, japan, they have seen $70 billion in outflows. very boring products. if you rank the top five by -- i, the top three, i wil

abigaÍl: correcto. usas marihuana? arjenise: como dos aÑos. karla: ¿quÉ le dices a la gente que dice que luego vas a usar otras drogas? arjenise: eso es falso. eso es como decir que beber agua te va a llevar a beber alcohol. karla: tengo entendido que tÚ incluso quieres poner un negocio de venta de marihuana. tu hortaliza, como dirÍamos. arjenise: sÍ, exactamente. estoy aquÍ en california plantando para abrir mi propio negocio de marihuana, y pienso que es un tiempo muy bueno, no solamente para la gente que consume marihuana, sino para el paÍs. porque la marihuana va a ser un mercado muy grande, que va a traer mucho dinero y trabajo. karla: abigaÍl te quiere decir algo. arjenise: sÍ. realmente no tiene sentido. existen casos donde la gente y los adolescentes, que son los mÁs propensos a ver esta droga como algo natural, como dijiste en un principio... pero no tiene sentido, porque mi mejor amigo comenzÓ con la marihuana, y terminÓ haciendo otras drogas. y tuvo que ir a rehabilitaciÓn. karla: doctor, ¿qu

abigail doolittle has the latest. abigail: we are still looking at advertise. the dow at 5500 and nasdaq all trading higher. the s&p 500 and nasdaq are on pace for record closing highs. the nasdaq is sitting at an all-time high for today. it is not onar but for a record closing high. we are watching whether or not the dow can carve out 20,000. if that happens it will tie for the fastest climbing history. we have some strength in the retail sector. up.s&p 500 retail index chelsea advisory group says holiday sales are on track or even perhaps poised to beat estimates. we also have amazon trading higher. it is on for its best day and two weeks and amazingly, amazon shipped one billion items over the holiday season. that is amazing. another amazing factor on e-commerce and amazon. amazon, between november 1 and december 16 accounted for 16% of e-commerce sales. shows thetv 6040 it growing online sales. this is a growing trend over the last 11 years and now 15% comes from online, up about 10% from about 10 years ago. with this surge in online sales we have the surge

abigail: we have the dow, s&p 500an

let's had to abigail -- let's head to abigail doolittle.gail: we are looking at the leading sector in u.s., financials, jpmorgan, citigroup trading higher. a few reasons. first, on the decision to raise rates, we have the 10 year yields, but flat on the day but the week has moved up by about 10 basis points. we also have an upgrade over at barclays for jpmorgan -- excuse me, that is raymond james to outperform bank of america with a analyst there, michael rose saying he sees bank of america as a proxy for the economy and sees "better days ahead o under the trump administration." jpmorgan hitting another record high today. another sector moving in part on the fed decision, airline stocks. lots of green. heart of this is the fact that rates moving higher have also taken the dollar higher, and that is pushing oil lower, but , theyalso have barclays have initiated. the stocks, including jetblue, united and southwest airlines with positive ratings. fall delta's ceo did say -- while delta ceo said they are seeing a postelection rally in bookings

abigail doolittle is here looking at movers. abigail: we are looking at the telecoms.ecoms, we t-mobile, at&t, verizon, and spread trading higher. all trading higher. sprint is up the most. this after president-elect donald trump did say yesterday that sprint will be bringing back 5000 jobs to the u.s. shareholders are certainly liking this news. metals, gold is trading higher on the session up for 10th of 1%. -- this isd's day gold's fourth day up. up on the year, both of these stocks are on pace for their best years ever with newmont mining finishing up on the year. taking a look at retail, we have sears surging on the day. we see this nice spike higher. day.d been up 9% on the -- we seewith sears that sears has posted its biggest loss of about $750 million in four years. shareholders are not liking that in the stocks is down more than 70%. you never know. thank you. the holiday season is important not only for retailers, but for shipping and cargo companies. fedex up about 26% in the past year. just a little bit of weakness in the last month. we don't want to overst

and let's get over to abigail doolittle.bigail: we are looking at record highs for major averages in the u.s.. not a lot of action, very small gains for the dow, s&p, and the nasdaq. the dow on pace for its fourth record closing high in a row, lots of strength for the u.s. and something similar to yesterday. when we take a look at the sector composition come earlier we had been looking at mainly red and now it is creeping toward more green than red. yesterday we fluctuated between small gains and losses and we finished with a huge rally. we have one stock surging today on the year and that is advanced micro devices, the philadelphia semiconductor index is up at a and amd up 11% today and 267% this year. bank of america merrill lynch doing a double upgrade and a rink amd with a buy, saying this is the only vendor that can take on intel and nvidia. big movers on the day, especially in the retail area we are looking at lululemon and taylor brands. lululemon is surging on a better than expected third-quarter and they beat earnin

abigail: happy friday and we do have green for this friday. happy friday to all of our viewers. -- dow, s&p 500, nasdaq modest gains. asare on record watch perhaps a dallas marching higher toward doubt 20,000. it is worth noting that it has quadrupled.

a quick check on markets with abigail doolittle. abigail: we are at mixed trade action.r record close. you can see the s&p 500 and the nasdaq are lower. quite a bit, down one .5%. huge diversions between the dow and the nasdaq. that really stands out. the nasdaq is on pace for its worst decline since december 9. as for where the money is going into, most likely the energy complex. nearly three cents on the day. we see the s&p energy sector from alling that are of this. where's the money coming from? most likely technology. we see shares of microsoft and facebook trading lower and part of that could be the sector rotation according to bloomberg intelligence analysts, they tend to react on the big news, ending on a bright spot, starting to end on a bright spot, another reason the dow is moving toward a record high, rotating into the financials trading higher, this is why. the 10 year yield is making an amazing move today. the 10 year yield had traded higher earlier, 10 basis points reflected in red. it signals a selloff in bonds. move. a little bit of a a big spike in move

here's abigail. have shares of media set, the italian broadcast company, soaring higher as the band he will say they will increase their shares. -- vivendi says they will increase their shares. the stock is up 86%, a huge move. it may be a bit of brutal battle between the country -- between the companies. as for lloyd's of london, we do of the banking company trading higher on the news that lloyd's of london has agreed to by b of a's credit business. firsts the company's major deal after being rescued by british taxpayers. facebook shares are mostly lower after the company did receive an antitrust complaint from the eu. the eu is saying facebook may have provided incorrect and misleading information around its whatsapp takeover bid. up the year,p 14% at one point, they were up 30%. that news and facebook more recently. , with mountingp uncertainty about when and how theresa may will trigger the uk's exit process, strategist have different views for the euro in 2017. we hear from one expert, that's ne

abigail doolittle has the latest. is it a record again? abigail: a record once again. enough to put both at record highs. the week is young. it is worth noting that the dow is on pace for its sixth weekly gain. it'll be interesting to see whether the record highs continue. the nasdaq is trading lower, confirmation between the s&p 500 with the risk on scene that we are seeing in oil. the highest since july 2017. we have a two day chart of oil which shows massive gains. more than 5%. they did pledge to cut production more than previously agreed and non-opec members are saying they also are going to cut production. some are talking about this as doing whatever it takes for oil. but oppenheimer is saying that $60 a barrel is the new normal for oil. starks are rising today. look at the oil and gas index up by 2.5 percent. the stoxx 600 is down by a quarter of 1%. biggest weeklyhe gain. a great status. companies reached overbought levels last week. energyhest level -- stocks are overbought for the first time since april 2015. that is the best performing industry group today

abigail: it is down steadily. we have the three major averages all down after opening slightly higher. we will see if this will be the directional cue for the day. 20,000 has not made dow as he watched to see about happen. with the other two averages in the red we are not on record watch right now but who knows? maybe, the day is still young. there is lots of talk about the trump train. we look at 5461. this is a chart of the di sent -- dow since the seven and a half year bull market. we see lots of green. this is basically the percentage moves higher in the fourth quarter. we see the fourth quarters tend to be good. there is not been a good first quarter. this may suggest if the bull market will continue, the trump train could continue into the first of 2017. they cou -- it could come of volatility. speaking of volatility, nvidia shares are lower. on pace for the worst since december 1. -- put out a cautious tweet citing concerns on market share competition in the data center business, and intellectual property.

over to abigail. abigail: we do have breaking news.g higher on the news that james quincey, the company's chief operating officer, has been named to succeed be current ceo, muhtar kent, may 1 of 2017. the shares are trading higher. trading less well, some of the italian banks. weakness as the ebs to reject monte dei paschi's request to raise 5 billion euros. this is a story of a continuances -- a continuation of weakness. we have seen charts decline. banking index down more than 35% this year. more bad news for the italian banks, jon. jonathan: let's continue the conversation and bring in bloomberg's italian bureau chief leafgreen. dan, a rejection from the ecb, according to our sources, the bank of said they have not had the official notification just yet. where do we go from here in italy? words that the bank, monte dei paschi, will have a number for session this afternoon, so i would expect that they would obviously have to communicate something to the market, including the fact that they have received notification, probably confirm

abigail doolittle is joining us. abigail: not a lot of action for u.s. not a lot of action for u.s.hree major averages are largely unchanged, trading very close to even. we do have these indexes very close to record highs, especially the dow so we are on record watch. we will see if the dow can eat out another record high. dow

abigail doolittle gaza strip. -- joins us now. abigail: certainly more red than green. pace to close yet another record high. the s&p 500 earlier did carve out yet another intraday record high. much of this could come down the sector composition. the nasdaq is being dragged on by technology and biotech. it is helping the dow and what had been helping the s&p 500 is still having the energy sector. this is a chart of the s&p 500 energy index. , it isthe earlier today still nicely higher. if this energy sector can come off of the lows of the day, perhaps we will see the dow gains become much stronger and perhaps the s&p 500 can turn higher once again. it can perhaps join the dow for another record closing high. there's a lot to talk about the ideas that stocks of these current levels with all these record highs that stocks are frothy. take a look at g #btv 5285. this chart may give credence to the idea. this is a long-term chart of the trailing 12 month price to earnings multiple on the s&p 500. it's basically a valuation metric. for a bulk of the time, it has traded betwe

about 30 minutes into the trading day and abigail doolittle has the latest.bout, globalked markets shaking off the effect of the italian referendum. abigail: we have big gains for the stocks in the usb at the dow, s&p 500, and nasdaq are all higher. offially there was a risk reaction, but really a declining reaction. ,f we go back to the brexit a big selloff, then a selloff and it reversed. the dow on pace for a record closing high. but the dow isng itsace for us fix -- for fifth week i. the s&p 500 and the nasdaq are reversing last week losses. at -- 2041.ok the shows the all-time record high. two things, right here we have an area of consolidation. it appears the dow is breaking .ut higher the dow transports, a less followed index, is actually also trading at an all-time record high. would say that signals more strength ahead for stocks. taking a look at asset classes, we are seeing a risk on picture here. we have the safe haven gold trading lower. follows from that supply cut from opec last week. sellingwe have bonds off, this is represented with the two-y

lisa: thank you so much, abigail. u.s.raight to the trading floor -- where coryson johnson is with credit suisse in new york city. what are traders watching? third-largest in volume, third in commissions and it's important on the trading floor because all kinds of stuff trades here. those taking place this morning. the buzz on the floor starts to pick up as we get closer and closer to the open. as i mentioned in the last hour, credit suisse trading really -- lisa: looks like we might have lost it. cory: i've got the guy that runs this place. talk about what you see after the markets today. in thelast six days market, the s&p has been up on straight moves since the election, which has been terrific. yesterday we saw a positive some of the industrials and materials leading the markets. cory: it's a little relief from what has been happening. >> we think that's likely to continue. europe has been strong, and in particular italy has been strong. the italian banks have had a significant recovery at 20% or so. cory: 20%? >> 20%

let's cross over to abigail doolittle. abigail: two stocks we are watching -- yahoo! was considering walking away from it $4.83 billion deal for yahoo! or altering the terms. when we take a look at the today chart of yahoo!, we see how negative it was. a bit of a pop higher, but not too much within the realm of that decline. a bloomberg analyst told our team that this is a big negative for yahoo!. when we take a look at the chart of yahoo!, it appears to be a big negative, and not a surprise. uptrend on the acquisition possibility, but we see bearish, lower highs that tele-sellers have been moving in as the end of august. 50 day moving average move below the 100 day moving average in the purple line. -- david, we could see a move out of this range all the way down to $33 per share. we may have yahoo! a little bit higher today. there could be some more bearish action ahead. david: thank you so much. we will talk about what this means for verizon and yahoo!. we are joined by scott galloway, a professor. and a former member of the new york times board of directors. sween

abigail doolittle is keeping track of the gains.here the records are going to close. the trading action can be summarized into words, record high. on dow s&p 500 and nasdaq peak for record closes plus all carving out new intraday record highs as well. lots of strength for the u.s. stocks. when we take a look at some of the losers, we have dilutive holdings, the apparel maker. they lower the full-year forecast and chairs are certainly down by quite a bit, nearly 22%. on face with her worst day ever. restoration hardware, the furniture retailer is lower and they cut their earnings forecast , full-year earnings forecast by as much as 33% below where it had been. skyworks solutions lower on a downgrade. despite the record highs, we do have some weakness here. todayr stock that is weak , piper jaffray shares are trading lower on a report that the star analyst from apple is set to leave the firm, starting a new venture capital firm that going to invest in virtual reality, among other things. turning back to record highs, when we happen to

let's go across the abigail doolittle. abigail: modest movement. two health care movers.y the unit for $550 million upfront, and an additional wanted $75 million in 2019, and an additional $850 million in the coming years. up,her health care stock merck. this is the first such compound. credit suisse has added merck to its top take list for 2017 for one of the company's cancer drugs. health care is really lagging. this is 668 in blue. spy outperforming in orange. the health-care sector in white. the biotech sector that oppression all these health-care stocks. jonathan: what a year it is been in the european lenders. i want to take my bloomberg. these of the most read stories on the bloomberg terminal over the last year. some clientstop, pay back exposure. at of everything that is happened this year, that was number one. it was matt miller in berlin they give you that. david: we forget at the time that john was having to go public and say yes, we can pay the bills if they come due. he had to reassure bondholders and can make the payments. jonathan: deutsche bank and credit

we have abigail going up against alix. abigail goes first.e for its best year since 2014. interesting to note whether or not the s&p 500 is going to far, too fast. we have the s&p 500 up near those record highs but what stands out is the expectations for stocks continuing to rise, its biggest monthly jump since 1998. weer the jump in 1990 eight, see the s&p 500 moved into the 2000, but followed by a bear market, the timing is tough, but a decline could be ahead for the s&p 500 stocks as investors get ahead of themselves. david: maybe the best is yet to come. abigail: perhaps, i like your optimism. alix: i think we are in trouble. i will take a page out of the china book. what kind of volatility and risk we might see in china. this is one of my favorite charts. this white line is the dollar yuan, one month implied volatility. the blue line is the s&p index. what we see in the past few weeks is a real spike in the one-month implied volatility. the s&p has managed to claw higher to around record highs. what happened the last few times we have se

but strip it back and get across the abigail doolittle. abigail: flat, flat, flat is right. they are all down slightly, but this does keep is on record watch. it has is watching if the dow can climb to 20,000. yesterday it was the smallest daily rains for the s&p 500 old year. -- all year. as for one market where we see lots of movement, base metals down sharply. this includes i am, copper and lead. most are on pace for their worst performances in months. copper is down two weeks in a row, the first time since the election. all of this trying to rebuild the stockpile. this is waiting on the mining iscks, including freeport trading higher. the stocks are down slightly on the day. on the year it's a different story. freeport back rent up more than 300%. year.el holding 386% this jonathan: thank you very much. let's get back to the broader markets. drumroll please for the third year in a row every strategist surveyed by bloomberg is bullish. the s&p 500 index will rise over the next 12 months. the equity strategists are bullish in the bond guys are bearish and sometimes it is a

time for options insight with abigail doolittle. abigail: thank you. lot to talk about -- we have the federal reserve rate hike in place. we had stocks trade off. now off a little bit from the highs. what is your take here? tim: digesting the selloff post-fed, tried to break above the intraday highs. think we will digest further. i think the fed raising a quarter point was baked in. to euphoria over the fed work three rate cuts next year is misplaced. if you look back to plaster, they basically said the same thing, only delivered on one. i expect the same thing where the fed is boxed in with the strong dollar, a week worldwide economy could i think the market will be muted going forward. at his image standpoint. look at the 10-year yield, it is on pace for its biggest move. it suggest we will see consolidation -- maybe investors will reconsider whether that actually happens. what are your thoughts on bonds and rates? bond rate is well above the yield on the s&p 500. not too long ago it was well below the s&p 500 yield. that will be a headwind for stock

out to abigail doolittle. abigail: we have tactile movers today around the open.m trading modestly lower to neutral. analysts citing valuation as saying the global consumer is looking to negative. they receive 99% of the revenue outside of the u.s. as for evaluation, the shares are trading at a 14% discount to perhaps the stock is up nearly 40% this year. as for a winner, shares of the stock higher on an upgrade, the analyst saying he believes thatnvidia will grow by 50%. he sees of shares of the stocks, up 100 79% this year. a stunning move. when we talk met on a macro level, this is a look at the trump trade. the sector rotation, financials have done well. s&p 500, not so shabby. tech is underperforming, up about 3%. amazon,s, facebook, google, underperform according to merrill lynch. it is interesting if these companies can turn things around so investors can get more excited about the fangs. will be meeting with the ceos of some of the fangs. why? what is he looking for? at what might the tech titans ask for from him? also under the trump tower is cory johnson

the u.s.,back to where abigail doolittle has the latest. abigail? abigail: hi there, mark. u.s. stocks once again carving out a new record highs. the dow is again on pace for another record closing high, carving out an intraday record high as well. slightly right now, the nasdaq is the laggards being dragged right now by tech and biotech. suggesting it is more of a risk on flair, we take a look at the yields, the bonds, and along with the bloomberg dollar we are seeing a bit of the selloff as represented by yields training -- trading higher. interestingly, rising rates are not supporting the bloomberg dollar index, which is down slightly, perhaps ahead of the fed. some investors may already believe that the rate hike increase likely to come wednesday has already been priced in. confirming the idea that all of this is more risk on the not, we take a look at the chart for oil with oil absolutely surging today. up nicely after saudi arabia insisting that they will cut production more than previously agreed to. non-opec members have agreed to cut and there is reason to believe they

. >> abigail: no, i'm-- i'm leaving today.he only reason i stayed the night was because my mom begged me to. >> andre: and what does jennifer think about your leaving? >> abigail: she hates it as much as you do. but i made up my mind. chad is in love with gabi. i can't just ask him to give her up. >> andre: of course you can ask! all you got to do is walk in that bloody room, and he'd forget gabi hernandez in an instant. >> abigail: what do i have to offer chad and thomas? >> andre: a wife and a mother.

abigail, thanks. as abigail said, u.s.or averages are hitting the decisions p are traitors pricing and 100% of a rate hike. what fed chair janet yellen will conference ands pass future hikes, and president-elect donald trump. joining us is bloomberg news executive editor of economics dan maas. will havenet yellen an opportunity to give markets a little more. it seems like markets have placed in an increased tomorrow. traders expecting an increase. what will janet yellen say, given any fiscal assumptions? >> we cannot plug in any fiscal assumptions. have, the assertions become hard policy and then they have to pass. god knows what the sausage looks like when it comes out. that is precisely why she will not want to draw on this on any -- in any great detail. a operate in any information they have in the forecast in front of them, which most economists think will warrant about two increases next year. vonnie: what will she say when she is asked? >> she will probably say we will be watching for an array of indicators including

abigail: a lot of talk about asset class rotation. are looking at an oversold signal on gold, overbought on the dollar and the u.s. treasury yield. what do you make of this? >> we are seeing some positive -- possible reversals in these markets. treasuries over done to the downside here, new relative lows. yields have really spiked up, but is this for real? i don't think so. a chance we will raise rates in december. they are pricing in another rate hike in may and that number -- another in december. if you look at gold, new lows yesterday and a higher close. that could be the sign of a new bottom. a critical number, the halfway point between the low and the recent highs. it looks like we are finally finding support as the dollar stopped going higher. abigail: speaking of reversals, you have an interesting trade around german stocks, slipping down over the last two weeks as the s&p 500 has carved out new highs. take us through your trade. >> we are seeing markets move in opposite directions. typically they are very correlated, the dax a

abigail mendosa and her sister rafina are zapoteca, original people from mexico before the spanish.where abigail has been grinding corn by hand, making masa and moles like this, the ridiculously faithful, time-consuming, difficult traditional way she was taught to make these things and the way she's been making them since she was 6 years old. look at her hands, by the way. small, surprisingly delicate, given all the hard work, all the pushing, kneading, grinding, stone against stone over the years. then look at her forearms. the power there. it's impressive and beautiful. >> every time you enter a house in oaxaca, especially the small villages, they always offer you a shot of mescal. >> mm, so good. >> seguesa, a mole and chicken dish. this mole sauce, like a lot of the real old school moles made by masters like abigail, uses 35 different types of chili peppers and takes more than two weeks to make. do you think that until recently, until guys like you, that mexicans were not looking back at their own food culture, they were looking elsewhere? what was going on? >> we were conquered

here his first word news with abigail doolittle. addressing the german people today in the aftermath of yesterday's fatal truck incident at a berlin christmas market. she pledged the full force of the law would be deployed to clarify "every detail." >> there is so much about this deed that we do not know yet with required certitude, but based on current evidence we need to assume this was a terrorist attack. i know it would be difficult for all of us to bear if it was concern that indeed it is and who committed this crime who came to germany to ask for section and asylum. the suspect was reportedly a pakistani refugee or he was arrested at the scene. it is believed he was the driver. vladimir putin is promising a forceful advance on terrorism. yesterday a gunman shot adrei karlov in the back, exclaiming "allahu akbar, don't forget aleppo." in hishe first envoy position to be killed in almost 90 years. in switzerland, an attacker opened fire at people praying at an islamic center yesterday's debt. the gunman has been identified. the

. ♪ abigail fillmore was the first first lady to work outside the home, teaching in a private school.be eisenhower's hairstyle and love of pink created fashions and stations. it was marketed as a color jacqueline kennedy was responsible for the creation of the white house historical association. and nancy reagan as a young actress saw her name mistakenly on the black wrist -- black list of suspected communist sympathizers. she appealed to ronald reagan for help. she later became his wife. these stories and more are featured in c-span's book first ladies, presidential his stories from the lives of great american women. stories of fascinating women and how their legacies resonates today. share the stories of america's first ladies for the holidays. first ladies in paperback, published by public affairs, is now available at your favorite bookseller and also as an e-book. tonight on c-span, q and a with author and media entrepreneur ryan gruber, that is followed by prime minister's questions at the british house of commons. a commerce subcommittee hearing on the next martial arts industry

abigail?g and that will give our viewers some comfort around the charts that we are going to take a look at here. in purple we have the vix. it is trading near record lows. investors are complacent and not caring about the fact that stocks are record highs and there are global issues. amplifies this complacency is that in white, we have a global measure of uncertainty based on headlines. we see this massive divergence. what is actually happening in the real world, lots of uncertainty. muchstands out is that for of the fed's extraordinary policy and the policy of the central bank these two tracked each other very closely. in the central bank policy they start to diverge so central banks are giving investors a push in but it is interesting to see whether or not it can last. this real-world uncertainty starts to creep in. david: this one book explains and reinforces your chart and also peaks at the same time yours does with the v fixed. i going to give it to abigail. very good charts, well done.

abigail doolittle has the details. no 20,000 today. abigail: at least yet. it seems the existing home sales are not helping the three major averages yet. small declines for the doubt, dow, s&p 500, and the nasdaq. julie was talking about the possibility of dow 20,000. we are than 50 points away. vix is trading at levels last seen, if we were to close at these levels -- more than two years ago, july 2014. the fear gauge continues to go lower even today as you have the major averages slightly lower we go to bloomberg and look at the imap function. we see lots of red, not surprisingly, helping to explain the small decline for the s&p 500. the worst performing sectors are the financials and the weakness for the big banks -- bank of america, citigroup, jpmorgan. upgrade at atlantic equities for citigroup and bank of america to overweight. an analyst at their saying he expects the recent momentum -- the sector is up 18% since the election -- to continue into the new year on expectation of rising rates. perhaps weighing today, choppy trading. yields down ever so sl

abigail: absolutely. it may not look like it with the 500 and nasdaq and changed in mix, but all three averages put in new highs, along with the russell 2000. yesterday, the dow transports put in their first record high since december 2014. rt reached out to technicians, the head of technical analysis that oppenheimer told us this is a signal of the broad-based nature of the rally we see in stocks. as for the buy signal around 75., go to g # btv 33 in whites, transports, in blue, the dow industrials average. the signal came back on november 7, when transports over to the april high, so there has been a bullish signal for more than one month. two other segments of the markets standing out today, the year yield.he 10 dollar index up nearly .6 of 1%, huge move for currency on one day. in fact, best day since november weakness. on the euro and yields backing up, which is rising rates, supporting the dollar going higher and that is slowing rates to the bank. bank of america, jp morgan and wells fargo, wells fa