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

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

trading with abigail doolittle. technology really taking off today. ,e look at the s&p 500 imap which gives you a quick look at what is happening within an index. first of all, lots of green. the best performing sector is information technology. up 8/10 of 1%. behind the strength is facebook, amazon, netflix, and apple. see the screen here. interestingly, there's best bidders not seem to be much behind it. some of these names just react well on days where there is a little volatility. but facebook, this is the first up day in seven. amazingly,ter now, facebook is down 8%, the first quarter since 2012, not so long after facebook's ipo. the 90 weakness is the fake news issue and for some investors were disappointed from the last report. but back in the bloomberg, we look at this great chart. the bank rate is alive and well. this is the merrill lynch index over the last two years. a beautiful uptrend. we also have nice consolidation to that trend. consolidating toward its two day moving average. sellers try to push the

abigail doolittle has the latest. 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 faceboo

it is time now for abigail doolittle. for joining us, as you do every monday. today is a bit of a rarity -- we do not have any record highs in this period of record highs. what do you make of it? jim: it is a little quiet out there. it is worth keeping in mind that seasonality. we have another santa claus rally here for the next two weeks into the ear end, so quiet, but i would not be surprised to see a nice bid on u.s. equities. abigail: that does is with what your technical analysts said. santa claus rally could kick in. as for 2017, your keeping an eye on sturgeon, and you have a great chart. what we have done here is taken 10 s&p sectors, and we are looking essentially at standard deviation. when this is high, sectors are dispersed, they are up, down, moving all over the place. it is typically a very healthy environment. what we have done with this graph as we put it up against excess returns. we zoom into the late 1990's, we deepen that expansion from where we are right now, dispersion began to lift in this four-year

abigail doolittle has been here all year and is here with the latest. abigail: looking at the kleins for the major averages on this last day of the 2016 year for stock. nasdaq tradingnd lower. for the dow, s&p, and nasdaq, this is the first three-day decline since the election, if losses continue. the nasdaq on performing -- underperforming the most. the russell 2000 also down about 4/10 of 1%. the dow on pace for a weekly , its first since the election. interesting to see some shifts as a big rally from the election. for 2016, the averages on the year, looking at lots of green. s&p,ains for the dow, nasdaq, and the russell 2000. the russell 2000 up 20% three at if you recall earlier in the year, the nasdaq was nearly in a bear market. the russell 2000 was in a formal bear market. onk about a huge turnaround the year as investors gain confidence after the brexit vote, after the election, and the dow being helped by united health, caterpillar, chevron, and goldman sachs. looking at g #btv 5337. this is a look at sector performance. on top, energy. right b

abigail doolittle joins us with a look at the markets. abigail: there is not a lot of action for u.s. stocks. s&p, and nasdaq flipping between very small gains and losses today. we are looking at the smallest trading range this year for the s&p 500. trading so far in a range of less than four s&p 500 points. retail, have red is some retailers down for the second day in a row. this may follow a report saying that the most recent week of holiday sales were especially bad for some brick-and-mortar stores, sales plunged 16.4%. as more investors or consumers -- consumers went toward e-commerce, we also have amazon down. there is reason to believe there could be weakness ahead for amazon, down more than 2% since black friday. 4227.ke a look at g #btv there was an uptrend and then it snapped, uncertainty on the part of the bears and we see something similar this year. this congestion is a little bit less bearish than that congestion, but it could still suggest more weakness is ahead for the shares of amazon. finally, when we take a look at some o

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 doolittle has your market news. looking at small the kleins for u.s. stocks on --se last day of trading small declines for u.s. stocks on the last day of trading. the dow is on pace for his first weekly decline since the election. it's a little bit of a bearish streak at the end of 2016. the last five days has seen relatively little action. the s&p 500 looks dramatic but you can see the move down of of 1%. we have the biggest drop of the 1% 500 at about 8/10 of since october 11 this year but relatively quiet overall with volume down. all theth noting averages are nicely higher on the year. the eighth year of the longest bull market in history, the second longest bull market, we take a look at a great chart. this chart may suggest that everyone looking for a bear market that relative to president-elect trump, he may hope a come sooner rather than later. market over the last two administrations and for both george bush and president markets camer relatively early in the administration and ahead of the reelection prospect. perhaps that's a hope for the ne

let's go to abigail doolittle. she has the chart of the day. er, up about 6%, on pace for its biggest move h igher since the middle of december. does this suggest the complacency is starting to shake out of the market? we have a chart that suggests yes can this could be true. this is a five-year chart of the vix in the orange range. we see it is near the bottom. near its record lows. we see that when it has been at the bottom in the past, it spikes higher. is near thethe rsi bottom of that range. the head of technical and at oppenheimer says that when you , theygher lows in the rsi could suggest a move to the upside. it could suggest that the vix is setting up for move higher in the new year which means that the s&p 500 could decline. vonnie: thanks, abigail. appreciate it. oliver: saudi prince wil alwaleed bin talal is promising cooperation with the united states under the donald trump presidency. as a saudileed: citizen and is a member of the saudi royal family, i do not like to interfere with u.s. politics. i had very good relationship with b

trading day so let's get the latest from abigail doolittle. abigail: after gains and records yesterday from u.s. stocks, we have the major u.s. averages all trading lower. seems like a firm directional cue to the downside. the dow is down the least but doubt 20,000 has the much happened. the s&p and 5000 -- the s&p and nasdaq down. pace for its on worst day since december 12, so a little bit of a bearish streak for u.s. stocks. take a look at sectors, my team and i saw something we have not seen for quite a while. on the bloomberg imap function, equity index, we see all read. we cannot remember the last time we saw this since the trumpet trade and the big rally. we have tech, the second worst of the sectors trading lower. the worst percentage performer for the s&p 500, nvidia shares are down although at one point they were pledging the most since 2015. all of this a short seller. andrew list put out a cautious tweet saying shares could be closer to $90 in 2017, and has concerns around market shares. this stock is up in an absolutely huge way, m

abigail doolittle is standing by with a look at the markets. g at small gains for the major averages. higher.ing modestly they put each of the averages on pace for yet another record close, the fifth in a row for the dow, record daily closes sent -- since july. the dow is actually on pace for its fifth weekly gain in a row and the longest winning streak of weekly gains since march of this year. real strength for stocks. #btvwe take a look at g 4879 this is another indication of strength. this is a chart of the number of stocks within the dow hitting 52-week highs and we see over here in the red circle, that level is the highest since 2013. we are looking at strong momentum for stock. taking a look at the last five days for the dow, it has been a five-day winning streak come -- of record winning highs. the longest winning streak since july. what stands out here, the dow is up nicely on the week almost 3%. the gains each day have been relatively modest with the exception of the big rally on wednesday. turning now to another big story, coca-cola sh

let's get to abigail doolittle. today is the financial sector etf. here we see the two-day chart. up by about 1%. we see the xls on top with the 1% gain held by goldman sachs, wells fargo, and behind us strength, not just today but since the election, is the 10-year yield, up about two basis points today. bonds are selling off. with this relationship, which we can see when we go into the in white, we at the 10-year yield. in orange, thein orange, the xl. as rates go, so go the financials. with a 10-year yield, roughly a 100-basis point rise, xlf shooting higher with it. double rsi, with the rsi for the 10-year yields an index both an overbought territory, suggesting we could see a bit of a pullback for the financial sector that, again, is up 18% since the election. really an amazing move. one last thing where we perhaps will see a fullback is this chart. this basically shows the flows in and out of the xls. the week of the election was the greatest inflows into this etf 2008, and that came before the crisis of 2008.

about 30 minutes into the trading day and abigail doolittle has the latest. out, 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-ye

it is time for options insight with abigail doolittle. me is mark --abigail: joining me is mark sebastian from the cboe in chicago. thank you for taking the time to join us. we have stocks at record highs, but you are saying you think the easy money has been made. mark: yeah, i mean, i think markets are going to meander higher, but the catapult out of the election and out of the belief that regulation is coming off and that will be economic stimulus, a lot of that has been priced in. now it is just more, kind of, the path of least resistance. the fact that there are not a lot of factors to push us lower, it will allow for the market to slowly meander higher, especially for the end of the year. volumes will be light. a lot of guys are checked out. i was coming into my office back from breakfast this morning, and guys were leaving for the day already. abigail: wow. mark: volume will be weak for the day. generally, though volume at the end of the year tends to lead to markets rally in. i think we will see that. that said, little bit of news c

'st's go now to bloomberg abigail doolittle for what is on the move. ail: one of the big laggards is the shares of lockheed martin , which you can see in this drop in the today chart. this was after donald trump tweeted earlier that the f-35 costs are out of control that billions of dollars can be saved on military purchases of some others after january 20 of next year. this is about 20% of lockheed martin's revenues. the stock is on pace for its worst day since 2011. quite a draw. the company did respond by saying, "we welcome the opportunity to address any questions the president-elect has about the program. and sinceat program the beginning, we have invested hundreds of millions of dollars to reduce the price of the airplane by more than 60% from the original price." a bit of a conversation therebetween donald trump and lockheed martin. someis certainly draghi on of the other defense stocks, including general dynamics. when we take a look at spending over the last year, we see that some of the concern here in the u.s. is $600 billion in military spen

let's go to abigail doolittle who has more. l: in doing without modestly risk off tone, we are seeing that to relative to currency in bonds. the bloomberg dollar index down more than half a percent, his first down day in four days. its first drop in two weeks. we are seeing a bid for bonds. we have that two-year, 10-year, 30-year yields dropping. bonds are actually rallying. this principle should that we are seeing and stocks decline as well. it is worth noting that the 10-year yield is on pace for its second weekly drop in a row since the elections. perhaps we are seeing a bit of a turn. after sectors that are benefiting from rates dropping today, we are looking at real more. utilities and investors like this because they have high dividend yields and they start to look more attractive with -- when yields drop. oil until today was on a big winning streak, of eight days in a row. the longest since january 2010, up over the stretch. today, we have oil down more than half a percent. it's on pace to snap the winning stak ahead of t

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

abigail doolittle has the latest. abigail: we are off records for looking at nice gains, following relatively big declines for u.s. major averages. dow had the worst pullback on that fed rate hike decision since october 11. the reversal higher today with the dow at 6500 and nasdaq trading higher. rightuts the dow 25,000 on the cable. across asset classes to see what they're doing in the wake of the fed, we take a look at the bloomberg dollar index. a little bit off the high, but the bloomberg dollar index trading at record highs. this comes on that rate hike. we look at the 10 year yield, interesting action. this is an intraday chart and we see it is wavering around even. the 10 year yield earlier hit a 2.64%. two point 64% -- now, it is trading around even, up one basis point but there are technicians talking about we could see a reversal. one technician in bloomberg says that 2.64% is a fibonacci retracement and we look at the longer-term start of the 10-year-old, this is g # btv 5 21, this is a long -- 52 15, this i

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

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 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 is here. the dow is slipping further from the 20,000 mark. 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

let's head over to abigail doolittle. she has the chart of the day. xcellent chart of the day, but before we show it, let's set the scene. we're talking about gold -- a lot of attention going to oil because of the rise on opec, but gold has been declining. we see gold on the year is up 10%. at one point, it had been up 29% year to date. it has anders fogh rasmussen started to fall off on big dollar strength. last month, the bloomberg dollar and ask -- it has started to fall off on big dollar strength. not surprisingly, we have gold holdings on a steady decline -- down 5.5% over the last 14 days. that is the longest losing streak coming out of these etf since 2015. so, some real declines here in gold, and the question is is gold oversold -- this is the tv.rt -- g #b you see the trend. gold is starting to hit the middle of the channel, perhaps on its way to finding support in the middle of the channel. supporting the idea is that the relative strength index, a momentum indicator is below the 30 level, or excuse me, the dollar level. it is basically telli

that is abigail doolittle at our markets desk. let's check in on the first word news.sebastian: more meetings are set today at trump tower as the president-elect fills out his cabinet and senior staff. he will talk to john bolton today and democratic senator heidi heitkamp of north dakota. returns for a second meeting. trump's choice to be secretary of defense is a retired marine general the goes by the nickname matt dog. 2014 after a in four-year -- forty-year career. the european union's police agency warns that islamic state is likely to carry out attacks in the near future. several dozen people may be in europe now. police say they are capable of committing terrorist attacks. voters in austria will get a do over on sunday. last may's presidential election was won by 0.6%. could becomearty western europe's first right-wing head of state since world war ii. both candidates have pledged to assault -- assert more power if elected. global new wears -- news powered 24 hours per day. this is bloomberg. vonnie: thank you. just a quick update on president-elect to donald tr

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

let's go to abigail doolittle. up, acadia pharmaceuticals actual test soaring on the news of the company's alzheimer's drug received positive topline results. alzheimer's does afflict 5.4 million americans and there has not been a successful treatment, yet. compounds have been tested, unsuccessfully, so investors are pretty positive about the possibility that this one could work. relief of af the skin condition -- release of a skin condition drug. turning to chip stock, we have amc and nvidia trading higher with amd looking to buy mizuho. nvidia was added to goldman's conviction list. nvidia is up in a big way, up more than 200%. 282%, justyear is up a big winner on the year. david: coming up, we turned back to the tragic attacks in berlin and uncorrupt and here for -- and uncorrupt -- ankara. this is bloomberg. ♪ jonathan: from new york, this is bloomberg. the dollar index the highest 2002, up 4/10 23, of 1%. goldman sachs forecasting another 4.3%. the consensus is quite clear, more dollar strength set to come thr

kicking things off his abigail doolittle. one of the big this week is the massive sellout in bonds for the month of november. 1.7 trillion dollars in value was lost for the global bond market. the most on record going back to 1990. will this last? chart of theterm 10 year yield. we see a dissenting trading range. move up, we see the 10 year yield is at the top of the range. suggesting the bond glow moore, that the yield could pop up 2.65% or so. it is more likely we will see consolidation, the box in yellow . in,oomberg client did right a quantitative strategist, he went in and said we've added this to the bottom, we see the rsi is near 60, and according to augustin vara, it has gone above 65 times since 1980, basically suggesting we could in fact see . pause in sellout bonds maybe by as much as 1.6%. with the action ahead for bonds and yields. >> thank you. i like that you included a comment from a client as well. >> bob parker was on this morning on bloomberg television. thanks to him, he is strong attention, the deputy cha

let's take you to abigail doolittle. in the premarket, we have shares of ford and gm trading lower. an investor in china says they will raise the stal sales tax to curb the incentive that has helped the auto industry. one in hong kong saying this is a big disappointment for investors to shares of qualcomm trading lower. and analyst is saying that the consumer picture: looks negative with the exception of the u.s. receive 99% of their revenues from outside of the u.s., so it makes sense. as for valuation, shares are trading at a discount to peers on a forward basis. to rod halls point on valuation, the stock is up nearly 40%. nvidia is on a stock tear. it is higher today on the premarket on an upgrade over at ever court isi. they see a to revenue grown by more than 50% and they see 20% upside for the shares of qualcomm -- excuse me, nvidia. david: there is some news coming out of trump tower. the president-elect has announced elon musk of tesla will be joining the strategic and policy forum. this is with tech giants inclu

thank you, abigail doolittle. joe: let's get more insight into the bond market route and everything else with mark, bloomberg intelligence analyst. thank you for joining us here, usually based out of singapore. selloff is really the only story right now. the 10 year yield is calling the shots for the markets all around the world. warnigngs is morning -- it is going to far. jeff is skeptical about all of the moves getting too extreme. how do you think about things? >> the trump motivation for the rally, they are all saying, will trump deliver? that is a valid point. i do not think the rally is only about trump. the move higher in commodities moved higher before the election. it reached as high until about a week ago. 20% in the previous two weeks and hovered around the same level. there is good news already before the election. people are waiting for that. scarlet: you can trace it back to late august. of thea consolidation gains we have seen in 10, 20 years? .> a genuine change we were seeing signs of wage inflati

let's get across to abigail doolittle. abigail: one stock where there is lots of action, micron after the chipmaker put out better-than-expected first-quarter, beating earnings estimates by 19%. they also guided the current quarter sales forecast much above the street by as much as 15%. the ceo saying the supply demand dynamic looks positive. all this on a stock that is already up 45% this year. during less welcome a shares of alibaba after the company segments on a blacklist over counterfeit products. investors are not liking that at all. nokia trading lower over in europe on the news that the company is suing apple over patent infringements in the u.s. and europe. right now, nokia is among the worst on the stoxx 600 technology index. coming up next, and exclusive businessweek interview with j.p. morgan chase chairman and ceo jamie dimon. from new york, this is bloomberg. ♪ jon: earlier this month, j.p. morgan chairman jamie dimon was named chairman of the business roundtable, a prominent pro-business lobbying organization

let's cross over to abigail doolittle. abigail: we do have lots of health care shares on the move, starting out over in europe. we have the shares of center up. -- sanofi they are closer to buying actelion in advanced talks and they are said to be close to share,g on $275 per representing a premium of 25% or more from where actelion is trading now. in the u.s. we have shares of gilead sciences trading lower after the company did lose a patent verdict to merck for $2.5 billion, over the hepatitis c franchise. franchise andest the biggest patent infringement case in u.s. history, gilead saying it will challenge the ruling through the appeal process. for the banks, mixed trading action. they are trading higher after the federal reserve said it banks are $70 billion -- big banks are short in a bailout cushion. this comes as president-elect trump vowed to break these regulations. david: coming up, wall street to washington. an exclusive bloomberg interview with jpmorgan ceo jamie dimon. what he'd take a position in the trunk adm

the opening bell ring in new york city, let's break some of this down for you across over the abigail doolittleother strong open for u.s. stocks and more record highs. we have the dow and s&p 500 at records. we have the nasdaq close but not quite there. that theanding out is dow is less than 200 points from dow 20,000. if it happens today, it would happen in 21 calendars day, the fastest move ever. it will be interesting to see if that happens. we have lots of big name's. first up, anheuser-busch trading higher after japan's company bought five of the eastern european beer brands. they were saying it was a great deal for ab inbev. monsanto is trading higher as a shareholder suit was thrown out yesterday to block the buyer merger. if that deal goes through, there's lots of hurdles, but if it goes through, and will climb from current levels. tradingwe have boeing higher after the company boosted dividends by 30%. it will also announce a $14 billion buyback. we have boeing trading at a record high. lots of records on the open. lisa: thank you so much, abigail. u.s. markets are open and we go strai

it is time for options inside with abigail doolittle. alan, chief strategist at bullseye option. thanks for joining us. the week we have the s&p 500 set for his first weekly decline , possibly a week are close, what do you make of this? >> very significant. new all-time highs and a new weekly close. we are also seeing the vix bottom out. what's interesting, the vix never went below 12 and never made new relative lows even though stocks made relative highs. this may be a sign of caution in the near term. two different markets right now. you have the dow and the s&p together continuing to make new highs and then you have tech, which is not even get close to its october 25 top. abigail: a lot of talk about asset class rotation. right now, according to the rsi, we 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

and let's get over to abigail doolittle. igail: 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 earning

the scope to abigail doolittle.hen we go across class, interesting is the fact there is not truly a risk on or off theme to the trading today. we obviously have strength and we are back on doubt 20,000 watch. commodity is lower. taking a look at the bloomberg dollar index at record highs. some may consider this to be a signal of growth for the u.s., is as may say the strength sign of safety. clear sign is the u.s. 10-year yield up 10 basis point and what is the fact that we had the bloomberg dollar index hit 2.64%, the highest level since 2014. one question could be whether or not that is a knee-jerk reaction on the part of investors. we have a terrific chart. probably my favorite chart right now coming from vincent #gtb 2366.be on top in blue we have the 10 year yield. basically inflation expectations for five years after five years. expectations between 2022 and 2027 and vincent cigna wrote us as historically -- vincent cignarella has -- says historically swap leads. we see this as pretty reliable. the 10-year yie

let's go to abigail doolittle.swe have major down due to the financial sector, one of the biggest ,aggards is bank of america despite the fact that we have an upgrade of these stocks over at atlantic equities. believeseler says he the momentum in the sox could continue into 2017, especially if rates rise. the reason they may be hovering below even today is the fact that we do have rates down slightly, could be pressuring those stocks. as of chris wheeler's point, this is a chart out of the election, g#btv, very colorful. right up top, we see the financials, up 17%. right in the middle of the s&p 500, up about 5%. this is the trunk trade lagging, the merrill in yellow. the question is not whether or not these will continue in this manner into 2017, interestingly, rich ross over it ever core -- at evercore did say at a panel that they expect technology to be one of the best sectors next year. as for the trump trade itself, talks continuing to the new year, a great chart that suggests it may continue and may not stall

abigail doolittle has the latest. kind of a sideways trade. abigail: as you mentioned, pausing. not a lot of action in the u.s. major averages. the nasdaq modestly higher. the dow and s&p trading a little lower. they all opened up just slightly. the energy sector is weighing down markets. it will be interesting to see how the day trades at. as for two of the big laggers, boeing and nike. , while a downgrade boeing is lower after the president-elect tweeted that "costs are out of control for the new boeing air force 1." " cancel the order." turning now to why the energy sector is the worst drag. oil down for the first in five days after the opec supply cut last week.out interestingly, after that deal was cut, news came today that production just hit a record for of 34.6 one million barrels million 34.61 barrels a day. looking at g #btv 399. in blue, the xop. in white, the uso, and oil etf. -- s have it appears investors would rather own oil companies rather than oil it self. mark: love that chart. i was going to do it myself. european equities rising a second consecutive day. the

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

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

the open, let's get this back over to abigail doolittle.ut mixed open for u.s. stocks after yesterday. the dow came within 25 points on the close of that milestone. are stillse enough we on record watch today. a little bit of red today. let's see if it reverses. the day is young. we have some earnings losers. the company has put up a horrible third quarter. earnings thate looked down. another stock down on earnings, fedex. they missed earnings by 4%. the cfo is saying over the long-term, the reason the it is a are down, positive. we look at the year to date we see tremendous outperformance in fedex in purple, and outperforming the broad markets. jon: the bowl is getting excited about hitting 20,000 points. ll is getting excited about hitting 20,000 points. at allity market sitting time highs. we caught up with mohamed el-erian yesterday. the 20 k will have an influence. we are getting higher rates for the right reasons. higherare pricing in nominal gdp. the higher mortgages will see yes, that is not great, but it is coming. morell get more

here in the u.s., let's head to the markets desk where abigail doolittle has the latest. e are looking at weakness in the retail space. including the department stores macy's and kohl's. we have luxury retailers trading lower, including coach and michael kors. michael kors is at the lowest since may 31 of this year. behind this is likely a plunge in the traffic we're seeing in the holiday shopping. we have a great chart that shows this. this governor north american retail traffic. it shows over the last three months we're seeing traffic for retail really drop for all segments, including retail luxury and apparel. the biggest drop for apparel. really weighing on the retailers. blending -- bloomberg intelligence says this is the trend they are seeing. as for a segment with an retail, that is also trading lower underperforming others, toymaker's mattel and hasbro both down for their second day in a row. this as npd group says sales traffic as measured by dollars is down 9% for the toy segment. this is the sixth week of the holiday segment. we are going into the end with some

abigail doolittle has the latest on the trading session. happy monday.e are looking at small gains for u.s. stocks. the dow opened slightly lower. this puts the dow on pace for its seventh weekly game in a row. in about two years. we will keep an eye on that. we take a look at the commodity complex. looking at quite a bit of red. we have oil slipping around even. copper down for its third day in a row. lots of weakness for the medalists especially copper -- metals especially copper. supporting a bit of this risk off picture when we take a look at the traditional haven assets. gold is trading slightly higher. the yen is trading higher against the dollar. typically you can find the tell on trading action within the currency markets. the yen is suggesting there is little bit of a risk off. and perhaps in the 10 year yield trading down four basis point. is the 10 yearn yield is on pace for its biggest move up ever on the corridor. will this reverse? on top in white we have the five-year inflation plot. look at inflation. in blue we have the 10 year yield. vi

minutes into the trading day and abigail doolittle has a sideways day. abigail: not a lot happening. we have the dow and s&p 500 day sickly flat. biotech shares are weighing us down. this puts the dow on pace for yet another record close. interesting here is that we did have a nice rally in asia and europe to some degree. ahead of the ecb decision tomorrow with the hope that the ecb will extend the bond buying program. that rally is not extending here at this time. another reason for global investors to be optimistic. will be going to the bloomberg, this is a chart of analysts bringing up their profit forecasts. we can see all the way to the side that analysts are bringing up the profit forecast on the goals basis to a level not seen since 2011. this is very positive and stocks at the end of the day trade on profit outlook so perhaps this that investorsse aren't sharing? when we take a look at the euro ahead of the ecb meeting, it might not support the idea that the ecb and ecb president will expend the buying program. we see the euro trading higher. if i

abigail doolittle has the latest. a little tiny bit of green. abigail: a little bit of green but not a lot of action. withow, s&p and nasdaq small gains and losses. slightly higher. what is stunning is the lack of movement on the russell 3000. the opening volume with 53% below the 20 day average. not a lot of action today. we are seeing a little bit of movement on the vix. it's up over the last two days. gate,feared jake -- fear with stocks at all-time highs. it is perhaps starting to that's we have to watch. we look at 5474. this may suggest the complacency in the year could reverse. this is a year today charts of the vix. it has been very volatile spiking a various macro events including the brexit and the u.s. election, then going right back down as investors are eisen about the future. hitting the bottoming levels here ahead but it could suggest they could be a big spike in volatility in the new year. grounding it out and this could actually be an early tell on volatility, this is the 10-year yield on the week. the first weekly decline since

abigail doolittle joins us with a look at the markets. t a lot of action for u.s. stocks. s&p, and nasdaq flipping between very small gains and losses today. we are looking at the smallest trading range this year for the s&p 500. trading so far in a range of less than four s&p 500 points. where we have

about 30 minutes into the trading day in the u.s., abigail doolittle is on 20 k watch with us. we are creeping ever closer. abigail: everyone is watching with bated breath. what makes this remarkable is the fact that this is a stunningly fast move higher for the dow. the other major averages high as well. at records for the nasdaq and s&p 500, on pace for record closes. since november, 22, when the dow closed above 19,000. in a short time, 28 days, we have the dow up 5%. if it can close above 20,000 today, it would be the fastest 1000 point gain ever. on history right now is 1999 and 35 days. we will be watching this closely and bringing the details to you. we're looking at the banks, the financials, bank of america, jp morgan, trading higher. bank of america is getting of boost after the company sold its for credit card business $2.4 billion. that will close in the middle of 2017. also helping is the 10 year yield. it is rising a little, helping banks in the idea that rising rates will help lenders lend in a more profitable way. we have the bloomberg dollar index trading higher

abigail doolittle with us with the latest moves. abigail: mixed trading for the major averages. down slightly. s&p 500 and nasdaq up slightly. on the week, the dow is flat to up slightly on the week here the s&p 500 is down .1%. -- is down 1%. the nasdaq down within 1%. it will be interesting to see if that can be reversed on today's trading action. the index is now, probably not. the currency markets we have a little bit of weakness in the bloomberg dollar index, down .2% . that is after the jobs report that was mixed. we do have the pound trading higher, and the dollar-yen strength,ng yen pressuring the dollar. a little bit of a safe haven play among the currency market. we look at the commodity complex. you have a little bit of a mixed picture of oil trading higher, recovering from the lows. .5%.getting a nice bid up copper futures off of their lows,.com or is down on the week . all of the industrial metals are down this week. the first down week since the election. looking at the bond market, the big story was the massive selloff in november in bonds. 4917,e look at g #btv t

halfway through the trading day, abigail doolittle is here with a look at the markets. >> the gains maye but we are looking at gains. we now have the dow and the s&p 500 trading at record highs. now, one pocket of extreme strength for u.s. stocks, we're looking at some of the telecom stocks, at&t of course. donald trump yesterday said that

here is abigail doolittle. abigail: we have a rally in casino shares.elloff yesterday. most of these stocks were down more than 10% on reports that macau was going to limit atm withdrawals daily. it theuld not have heard all-important vip gambler. but shares are trading higher. stillwater mining surging on the news that it will get acquired by $2.2 billion in cash. the south african central bank has already approved this deal by sibanye. finally, looking at two retailers faring less well. tradingion hardware lower after it lowered its full-year earnings forecast by as much as 34%, hit by a slowdown in sales and a change in business models. duluth cut their forecast on revenue. but it is a bad day in a good year. the stock up on the close yesterday more than 150%. thank you. ♪ breaking news out of italy. the european central bank said to reject monte dei paschi's request for more time, increasing the likelihood of a state bailout. we reopen the stock. down by five percentage points in italy. joining us now to discuss us, dan leaf green -- dan liefgreen.