i'm abigail doolittle.s is "bloomberg best," your weekly review of the most important business news analysis and interviews from bloomberg television around the world. the week began with a strategic signal from u.k. prime minister theresa may, who promised to inject new blood into her cabinet at the start of a critical year for her government. the reboot went underway monday. >> new year, new cabinet. yes, after losing three ministers last year, prime minister theresa may kicking off 2018 with a cabinet reshuffle. >> the main thrust is about bringing in new blood, more diverse, more dynamic, more youthful slate of new mp's. this is all part of theresa may trying to grab turf in the party from jeremy corbyn, saying we can do diversity, reach out to the youth, recapture some of those votes. >> theresa may's cabinet reshuffle didn't go quite as planned. the prime minister's office flagged yesterday's events as a refresh of her top team, but things went off script. jeremy hunt, then justine greening were locke

let's get a check on markets with abigail doolittle. igail: we are looking at gains in record highs of the major averages. all three solidly higher. dow and s&p 500 of rate is out of six days. putting in all-time highs. the nasdaq is leading the way, with the s&p 500 in a moment. yield upthe 10-year 4 basis points. we hopped to the bloomberg. a great way to see was happening. we see that nine of the 11 sectors are trading higher. up top, health care of 1.5%. helped up by the drugmaker having a strong quarter. biotech helping the nasdaq. second is information-technology, up about .9%. explaining the of performance for the tech sector on bottom real estate and utilities. those are great-sensitive sectors. their dividends look less attractive as yields rise. they are the only one falling on this day. 9%, on pace down since the worst day since 2016. the wall street journal reports steve when has exhibited a pattern of sexually harassing women. he is also the finance chairman for the republican national committee. wynn has the night allegatio

vonnie: abigail doolittle joins us live to weigh in. to get this kind of call on the first trading day in january. abigail: relative to what gene munster was just telling tom, the mom demographic. it's coming out of the blue but it's not new. around this time last year there was lots of speculation that amazon might take out target. that time target shares were about 30% less. it's almost hard to see why amazon would now be interested in target at a big premium. another piece of the call beyond the demographic, all of the stores. if you take a look at one of the bloomberg,in the what we are looking at in yellow the amazon distribution centers. not many relative to the pink dots. bloomberg, even some on hawaii. even some on hawaii. all of these target stores, that would be a big physical imprint for amazon plus the logistics. a 30% premium and those speculations last year was ahead of the whole foods acquisition last year. $13.6 billion. the company's largest ever. can they integrate both. plus the amazon whole foods acquisition that was

shery: abigail doolittle with the latest. igail: the rally continues not just across the globe but the u.s. as you just mentioned. we have the major averages nicely higher for the fourth in a row. we have a new set of record highs for the dow and s&p 500 and the nasdaq. the s&p 500 and the nasdaq on pace for their best weekly gains. i just read something very interestingly on the idea that perhaps this has to do with relief that the tax reform bill did actually go through and as expected to stimulate the economy. as for some of the top percentage performance for the s&p 500, we're looking at cvs up 4% as shares were upgraded to overweight. the firm sees the stock up as much a 61% in a bold case after the at the deal once it goes through. news corp. up 3% after a discovery and offshore guyana. the department of labor's guidance is a positive. 2.6% asparts company up it started with a new by at longbow. let's take a look at two of the cryptocurrencies. the of gains for bitcoin come up 10%. , upe have gains for bitcoin 10%, but r

but get a check on where stocks are trading with abigail doolittle. i kind of gave everything away. abigail: we have gains for the andr averages, the s&p 500 the nasdaq higher. weekly gain for the s&p 500 and the nasdaq, the best weekly gain since december of last year. the bullishness we saw last year in the s&p 500 in 20 feet teen into 2018. extending there is one small divergence or difference, that is the russell 2000, down ever so slightly. but on the week it is higher. there is a bit of the tax theme to the russell 2000. it has been a bit of a proxy for tax report, and one company is saying it will be hit by the tax cuts or tax reform, deutsche bank. a $1.8 billion tax cut, the shares down 5.9%. the real culprit behind this weakness is deutsche bank saying its fourth-quarter trading revenue action activity down 22% . that is weighing on jpmorgan and goldman sachs, both of these big theirderive much of revenue from trading activity. we will continue to watch headlines around that. speaking of passes, we will check in with some of those -- taxes, check in with some of these high

we are joined by abigail doolittle. bitcoin rallying, but far off from its cake. us what happened. abigail: lots of volatility here for bitcoin. last month we saw lots of volatility. a wide range of bitcoin. below 11,000.g this tells us there is uncertainty about what is next. the bulls will tell you it is the thing of the future, at least blockchain, you have to be in it. the bear is saying it's a bubble, there is mania. lots of uncertainty the wide range in bitcoin last month, we are flashing that uncertainty and we are seeing at in 2018. yesterday it was down 5% on the day, today bitcoin is basic the flat. and after that bullish report about founders, we saw it finishing higher about 8.5%. relative to this marketplace, it is handy to take a look at the technicals. at the end of the day you're trying to tell where the sellers and liars land. chart.ook at g #btv almost a thousand dollars this time last year, close to $20,000 in mid-december, but here is that volatility, the wild swings. the point here, emily, we are looking at lower highs here it that tells us th

abigail doolittle joins us to break them down. what have we learned that was so bad? it was about the company saying there headwinds for this year are continuing into this year. if you recall at the end of last year, investors were expecting a hurricane bump at the end of the year. that didn't happen. the stock fell after they reported this third quarter. they did not get to the hurricane related bump. it was neutral to negative. relative to the overall headwind, we were just talking pressure., pricing there are too many cars out there, too much capacity. they were able to get rid of their cars after the hurricane. even though, there is too much capacity out there. there is a sense that may continue into 2018. i think there was an internation that travel one of the strong this year. not clear as to why that will be, and many saying the tax cuts will help consumer spending. and oblique statement -- an oblique statement. shery: could this be a reset moment for the company? abigail: it could be perhaps. they are resetting the idea that 2018 could be difficult, that there

abigail doolittle joins us now with more details. hey certainly put up an impressive quarter. they are known for their commercial airlines and they have defense and aerospace businesses. before the dish behind the big top and bottom line beats, deliveries surging. second, they also have this one time unexpectedly big tax gain. that drove the bottom line beat. owing forward, it looks like the tax-cut is also going to help the company because the 787 dreamliner, the big sized plane, over the last decade that has been a profit loss, but now it is turning into a cash cow. generatinghis plane all this cash flow, suggesting that this could be a banner year for cash flow. they are projecting $15 billion for operating cash flow in 2018, perhaps helping investors getting behind the lofty valuation. vonnie: how much is priced in? the stock has already doubled. abigail: you are right about this, the stock has been on a tear. they executing and that is one reason for investors to be very interested. another reason, ge. let's look at g #btv 1172.

abigail doolittle has been looking into the details. abigail: this deal is all about distribution.company will be keurig dr pepper. this goes beyond warehouses. if you think about many markets across the united states or offices, you're going to have greenmount coffee anywhere. it's a nice cross-selling opportunity. has a licensing agreement with amazon and other companies so that is also great. in the press release, the couple says this gives them "unrivaled distribution capability to reach every point-of-sale in north america." i don't think that's an over exaggeration. the have about 36 warehouses. think about all the opportunities in places where green mountain or other brands are sold. it's a great cross-selling opportunity. vonnie: and not just in the united states either. they have their eyes on nestle and this conglomerate would be a rival to the likes of pepsi and coca-cola. keuri abigail: it really puts them squarely in the north american beverage market. coca-cola not surprisingly up top with about 37% of the market. 28% going to pepsico and 18% going to other companies.

abigail doolittle is in new york. what brought this on? igail: with the six-day winning streak and the record ,ighs for the major averages just a bit of a breather. after the big gains, investors stepping back a little bit, especially before earnings season kicks in. that being said, we saw a real theness in the chip sector, worst two-day slide since beginning of december. report out bearish of china on mobile phone shipments in china. that caused pressure. in one ongoing concern around the chips could be the fact there has not been a record highs since 2000. if we happen to the bloomberg 8808, this is #btv the stock over the long term. we see that it is trying to bust above that last record high. unlike the major averages, not a record high. by someed to be a tell of the most sophisticated investors in the world. this could be a towel on some weakness ahead. emily: anything intervening to the weakness? abigail: certainly for the nasdaq. ebay down in a big way, its worst day since october, 2016. amazon growing by 300,000 small and medium-si

abigail doolittle is in new york. what brought this on? igail: with the record highs we have seen for the major averages this year, last year, the averages since 2016. after the big gains, investors stepping back a little bit, especially before earnings season kicks in. that said, we saw some real weakness in the chip sector. down for a second day in a row row, the -- thin a worst since december. there was some pressure. ongoing concern around the chip could be that there has not been a record high since 2000. if we happen to the bloomberg and take a look, this is the stock over the long-term. we see that it is trying to bust above that last record high. unlike the major averages, this is considered to be a tell by some of the most sophisticated investors in the world. if we see weakness for the chip sector, that could be a tell of some sort of weakness ahead. emily: anything intervening to the weakness? certainly for the nasdaq. ebay down in a big way, it's worst day since october, 2016 -- its worst day since october, cee nasdaq. 2016. by

let's bring in abigail doolittle in new york. and in san francisco, cory johnson.hat are the highlights? cory: intel's results yesterday really driving the markets in a big way. we talked about it last night. this big move from the data center business -- we have been talking about it for years. but the move showing up in the results of intel. and we are seeing it with microsoft and so on in the cloud area, driving intel. intel seems to be driving the entire market. today, a 10% gainer and a big move for all of technology. emily: meantime, apple not having a great week. perhaps its worst in several months. there was a bt ig report warning about sales in the spring, saying apple may guide revenues lower for the current quarter. abigail, what is your read on this? abigail: we have been hearing reports along these lines quite a bit recently, the last year analysts saying demand for the iphone x would not be as strong as investors would like, and that that could weigh on the march quarter. bernstein saying that march quarter is probably too high relative to consensus o

abigail doolittle is with us as we are halfway into the trading day and stocks reach record highs yet again. >> the rally simply continues this year. take a look at the s&p 500, dow, nasdaq. major averages up more than half a percent, the dow up more than .8%. continued optimism about the effects of tax reform as earnings season gets underway. earnings on a year-over-year basis will grow 11.8%. it seems investors are feeling good about the current situation . as we have weekly gains, the best since last week, two solid weeks in a row. the dow almost 2% on the week. lots of bullish momentum. -- fromke a look at the a point and percentage standpoint. biggestp top 1.8%, the boost for the s&p 500. this as suntrust has raised its , saying $1400 per share shares are fundamentally very attractive. microsoft also higher up. one of the top boosts as bullish comments saying pc shipments have positive readthrough's for microsoft. as for the percentage performers, take a look at the retail space. up, jpmorgan changed to overweight. the stabilization of bricks and mortar among other factors. targe

abigail doolittle is here with more. >> major averages trading higher and record high for the dow and&p 500, not yet for the nasdaq but the three major averages on pace for weekly gains, the fourth of week in a row. nasdaq is leading despite the fact it has not put in a record high, much to do with the chip space. up 2.2% after its worst two days of the year, helped today by intel, up 9%, the highest level since 2008. they beat fourth-quarter estimates. optimistic for the current quarter, especially there could be released around the design flaw is not weighing on the outlook to -- outlook. 3.8%, helped by the intel forecast. another stock trading higher is twitter, up 5.4% at the buyout speculation rumors are hitting trading desks. an unconfirmed report that twitter could be bought by salesforce. -- twitter trading sharply higher. gains for stocks despite the gdp miss, this is 9372. white, atlanta fed forecast for gdp and in yellow the actual print. over the last several quarters, actually gdp print has been the forecast but this time not so much. a print of 2.6% growth in the fourth

it's time for our sector spider report with abigail doolittle. e take a look at the 1%, theis up more than top sector for the s&p 500. on paper, it's best day in a month. some of the gains may have to do with writing yields. more than likely, these big banks trading higher on the day. goldman sachs is saying banks and consumer finance are likely to outperform in 2018 as tax reform, tax cuts start to seep in. the possibility of rising interest rates, deregulation a lot of bullish action,. #btv 4861.hs, mrs. g up top we are looking at jpmorgan citigroup, along with bank of america. in white, we have goldman sachs. goldman sachs is underperforming, trading business last year was very difficult. when you see a big difference in performance, the other banks up more than 20% in the last year. goldman sachs just 6%, it may suggest some ketchup potential. something to keep -- some catch-up potential. something to look at. julia: up next we ask bob new delhi about general electric. they stock up more than 6.5% in the first week trading days of this year. t

isnie: abigail doolittle with us because we're halfway into the trading day.he final trading day of the first weekend 2018. >> happy about what she just mentioned, the cold weather will ease after january 8. natural gas down about 3% on the news on the big cold weather we have had an moving forward we hopefully will have the thaw. why natural gas is down. major averages, we see a rally, major averages up for a fourth day in a row, more record highs with animal spirit stirred by enthusiasm for tax cuts. saidtay capital, david that the euphoria does not in well as he sees a 10% correction at some point in the first quarter and katie, at the tig believes there will be eight to week 24-week fullback -- two pullback.ur week best week for the s&p 500 in a year. sector wise, more sectors are higher than lower. tech up talk -- up top. energy down with natural gas decline could be a piece of it. the tech winners, there does not appear to be anything to fundamental behind this, more investors wanting in on more of yearhas been the case last , tech the top sector for the

abigail doolittle is with us. a turnaround for one index. for stocksvolatility in the u.s. and 2018, the nasdaq on pace for its worst day of the year. makes trading action. dow is higher. all three main drivers earlier with all-time highs -- major averages earlier with all-time highs. mastec down by more than .5%, its worst -- nasdaq down by more than .5%, its worst day of the year. looking at the nasdaq, some of the bullish action. lower.taking it it may have something to do with commerce secretary wilbur ross'comments in davos around trade that has spooked investors. we see a dip in the nasdaq. some biggest losers in the nasdaq, relative to a percentage performance, american airlines and texas instruments down more than 10% -- 7%. texas instruments beat estimates, a mixed quarter, sales outlook is dragging. apple and intel is lower. apple down 1% after someone said the company may have to lower its march outlook. that seems to be dragging down shares with intel down in somebody with texas instruments. , not a see across assets career risk on or risk off picture with the 1

abigail doolittle is here with us now. abigail: it's the u.s.sion of the stock, the canadian ticker is we, not surprisingly. the biggest by market cap medical marijuana company, just insert your around what jeff general, the attorney is doing resending this obama era policy around the legalization of marijuana. it's actually the resending of a memo maybe -- basically giving attorney general in states the ability to enforce the idea that hot is no longer legal there. so lots of war consumers and officials. joe: so the stock has been on an incredible run, up tenfold on the year. the company's canadian, as are most of the listed marijuana stocks. is a lot of the premise the idea that they will be the leaders in the u.s. as relate -- as regulations here get relaxed? sane is likely to be $50 billion market, and not all companies are u.s. there is canopy growth and we have some other pot related stocks. scotts miracle grow down 2%. joe: the urban white picket for growing marijuana, that's pretty amazing. abigail: constellation stocks are down as well.

in new york, abigail doolittle. bloomberg news. that is abigail doolittle on u.s.earnings season as it continues. let's bring back kay van -peterson. let's start with this quick chart. the percentage of s&p 500 members at 52-week highs and over 45% ofowing s&p 500 members are at their 65 day high. january,t even into that they are trying to rewrite and revise their outlooks when it comes to goals and targets for u.s. stocks for this year. do you see the correction that we saw this week as a healthy correction and you continue to buy into these steps or do you think some of the political, structural issues going on and the u.s. will start to derail this? kay: i think a few different things. mentioned, alluding that you can expect more political headlines as we get to midterm spirit that is something to bear in mind. going back to our talks on china. a lot of barking and a lot less biting. bet is one thing that will tactical noise. yearnderlying element this that will be different from last year is broader and much deeper u.s. dollar weakness. that is supportive of e

let's get to abigail doolittle. igail: we are looking at a small miss for the nonmanufacturing or servicesism -- at a small miss for the nonmanufacturing or services ism number. again, a bit of a mess on the services via sam. anything above 50 days economic expansion, so not a huge mess. again, a bit of a mess on the services ism number. overall, not a huge influence. games once again hire for a fourth day in a row with the dow, s&p 500 and nasdaq set for record highs, putting in another round of all-time highs today. take a look at dow transports, leading the major averages about .6. the animal spirits seem to be stirred and on the week, big gains. 4804, theset g #btv are the weekly games or declines for the s&p 500. , the best game going all the way back more than one to last december after the election. the year starting off with a bullish bang. said noago, one person matter the negative news, citing president trump talking about nuclear war, the market still goes up. it will be interesting to see whether that hap

abigail doolittle with our stock of the hour. thank you.et is beating class food chains, helping the 75% since 2014. today, they are adding more recycling. theing us from chicago, mcdonald's cheap supply-chain and sustainability officer -- chief supply-chain and sustainability officer. there's a lot you can recycle from a mcdonald's meal. >> first of all, thank you so much for having me on your show. today, we are making an announcement in two areas, improving our packaging and reducing waste. by 2025, 100% of our packaging will come from renewable, recycled or certified sources. we will have recycling available at all of our restaurants. why now? mcdonald's has the opportunity and the responsibility to use our scale for good to address environmental challenges. our customers care about it. the top environmental concern they want us to address is packaging waste. this is about as being a better mcdonald's and doing things that both us and our customers care about. vonnie: you always cared about sustainability. why a bigger marketing push no

abigail doolittle is here to chronicle some more records. abigail: we are looking at small moves and mixed trading for the major averages. we do have all-time highs for the three major averages. this follows similar action anticipation of the short-term funding plan being passed by congress to keep the government open until february 8. some asking what could possibly stop this bull market but let's ask what is the tailwind? let's hop into the bloomberg to see one potential answer. this is a look at the earnings picture for the all world equity index. for several years, it was flatlining. that led into the correction that we saw in early 2016, that's turning to climb in 2017 and take a look at the spike early in 2018. lots of analysts boosting the profit outlook companies based on that tax reform, especially here in the u.s. this could be a tailwind for the record highs that we have seen for the markets, more recently as valuation becomes more reasonable. let's take a look at two winners laggers.acquers -- netflix up nearly 10%. they also boos

vonnie: abigail doolittle, we will be keeping an eye on it. mark: merger madness.n markets buzzing with a flurry of deals today. nestle selling its confectionery unit to ferrero. buy ubm fortalks to $4.5 billion. let's start with gkn. to begin bid negotiating. >> the hostile bid is taking it to shareholders. they are telling gkn shareholders that they are not that concerned about the management. they got a new ceo last week. they have made this offer. have a, and u.k., you month between approaching a company in making an offer -- usually, in the u.k., you have a month between approaching a company and actually making an offer. they seem to be making the play to investors. they have a history of doing bids. they buy businesses and turn them around. a and a decade ago, informe ubm were in talks. why would it work out this time? >> they have streamlined some businesses. they are coming together to be the rival -- it doesn't seem like a hostile offer. -- anan agreed agreed transaction. shares were rising. that deal is a friendly deal. melrose, it's not as big as craft

abigail doolittle has been tracking the action. not big gains are necessary to get to that record. abigail: the rally continues. eight days are looking at gains averages.jor a lot of optimism around tax reform. results for the big banks, but the effect on the markets overall is a tailwind, especially with jamie dimon talking about how it will be a positive for the country going forward. where there is not a lot of optimism is facebook. we have an intraday chart of facebook cover which i can pull up. it is right here. there we go. facebook is down 4%. his worst day since the end of november after the company prioritizehanges to not brands.family, mark zuckerberg says people might disband less time on the changes,ecause of the but the time will be more valuable. investors are a little shocked by the declines. the s&p 500, looking at some of the department store-related rbc and jpraded morgan went overweight from neutral. citing tax reform, brick and mortar stabilization, and other factors. this is giving a tailwind to the entire department store space. let's look at the 10 year yield.

abigail doolittle joins us. the stocks are reacting poorly to this news.s fledgling industry is hitting a blip -- brick wall. this doesn't have to do with law, but president obama signed a memo that allowed the legalization of marijuana in several states. jeff sessions is saying that will go away. look at these declines. the biggest marijuana-related company is down 6%. take a look at miracle grow. they have a fertilizer for marijuana. the shares are down sharply. david: i thought it was long fertilizer. abigail: it is a pretty big industry at this point. david: the government saying, we are not going to enforce the law. attorney general jeff sessions is saying now, well. how big are these companies? inco: it was $6 million 2016. it is expected to be $50 million by 2026. of california launched a legal marijuana marketplace this week. california is the sixth largest economy in the world. it is expected to generate three point $5 million of marijuana sales in 2018. three $.5 million of marijuana sales in 2018. medical use, at cannabis, this is the breakdown.

abigail doolittle is here and we are a little mixed. nasdaq is down ever so slightly but earlier, the nasdaq had also been slightly higher. looking at another round of record highs. hope surround tax reform and the earnings season really kicking off on friday with some of the big banks. investors on hold, taking a breather. highs, relative to checker -- sector composition, tech lower as well but one of the best sectors on the day, health care. almost 5 --tific up up for the half percent. -- 4.5%. johnson & johnson up 1.9%. investors liking what they had to say. retail, a bit of a mixed picture. season, butiday urban outfitters, not so much, down 5%. that is below what they had guided two, before and we also have under armour down 4.4%. on brandside ahead risk and i know you love charts. check out this chart on the s&p 500. this is the rsi or momentum indicator on the s&p 500. when it goes below 30, that suggests the market is oversold. we saw that back in the mid-90's, for the most part in between those two levels, hitting levels we hav

abigail doolittle joins us. : they beat sales, but they were disappointed at the forecast here they areting another decline for motorcycle shipment. if we go to the bloomberg we can see how ugly this is. this is a link within the bloomberg intelligence area of analysis on harley davidson. this is 2014, and we see global shipment of motorcycles dropping and dropping. now they are forecasting that the global shipments will come in somewhere between 231000 and 236,000 motorcycles -- 231000 and 236,000 motorcycles. it has to do with millennials. they are not into writing motorcycles. vonnie: it seems like it was like that for a while and then there was a turnaround. what happened? :bengoa: morgan -- abigail morgan stanley is still optimistic. the decline has not debated in sales. to the stock, while some investors and analysts are hoping for a turnaround, if we hop back into the bloomberg, we will see a big piece. stockte, we have the where we see a bumpy downtrend. we see shares have been trying to climb out of november. short interest at a record high at about 18% sibley getting this righ

abigail doolittle joining us. this is nothing new. the size of it surprised people. are right. the charge has to do with the portfolio of long-term care insurance and they did talk about it in that kitchen sink analyst day last year when they lowered numbers and cut the dividend. they are doing everything to turn the company around. at that time they said it would be power -- more than $3 billion. now it is a $6 billion. it brings up the question if the companies being managed well and the new ceo is the man for the turnaround. does he know everything that's happening. on a call this morning the ceo mentioned that the company is looking at all options including the possibility of a breakup. cnbc saying that the likely outcome and an announcement could come as early as the spring. inid: it's pretty early on his tenure. we have had some surprises already. those were perceived as cleaning out so he could move forward. does this really raise longer-term issues? abigail: it's hard to say. the ceo did a good job of turning around the health care unit so there's a lot of co

we are 30 minutes into the trading day already and abigail doolittle is here. rkets not reacting too much to this third day of shutdown. abigail: looking at small moves for the majors. we have the s&p 500 and the nasdaq ever so slightly higher and putting in new all-time highs and the dow down very slightly. of ate the third day government shutdown, investors not seeming to care. yet another round of record highs for both the s&p 500 and the nasdaq. david over at mainstay capital says that they are desensitized to drama in d.c., but the conditions for markets are over. that may suggest a 5% to 10% pullback is ahead. if we happened to the bloomberg and take a look at g #btv to a 83, the last shutdown was in 2013. at that time, the s&p 500 did drop about 5%. the rsi or momentum indicator had been overbought. at this time, we have the s&p 500 5% above its 50 day moving average, suggesting conditions are overbought. take a look at the rsi above 80. katie stockton, the head of technical analysis, saying sentiment is overbought. she sees a 5% pullback is left. it will

abigail doolittle is with us now. abigail: we have another day of record highs. the dow and the nasdaq putting in a new set of all-time highs. the dow and the s&p up modestly. the dow is leading. the nasdaq up the least. corporate profit outlook is helping shares plus ahead of earnings season set the complacency that nothing could go wrong. katie stockton at btig says that technically conditions are overbought so be prepared for the possibility of a two percent to 4% pullback. relative to a bear market we haven't heard anything along those lines. for bonds this is a different story. longtime bond manager bill gross janus says the bear market in bonds has been confirmed. beense the downtrend has broken. from a technical standpoint that's not much of a breaking considering there are other areas it has risen and popped back down. this chart may suggest the bond bull market is in place but it is interesting to note that ill saying --ill gross is the 10 year yield has moved very little. in yellow we are looking at the bloomberg dollar index. in white we are looking at

abigail doolittle is here to tell us what is moving. bigail: we have nice gains for the major averages, and for the doubt, another record high. we don't have that you can -- that yet, at least for the s&p 500 and nasdaq. interesting if we see more of the volatility we have had the last two days from where the s&p 500 and the nasdaq have woven into small declines. the day is young, but the bulls are out. we have weekly gains once again. let's hop into the bloomberg and look at g #btv 6636. we have all the gains so far in 2018, and not surprisingly, that has led to the best month of the s&p 500 of 6.6% since march 2016. that was the big rebound after the correction we saw earlier in the year. pretty bullish action for stocks. hoping today some earnings winners. let's look at the likes of intel, among other stocks. intel trading higher, and its highest level since 2000. they also offered an optimistic avi, thea -- drugmaker, up 6.6 but -- 8.6%. and we have a report out where companies are beating the forecast. mark: abigail, .58 percent is

let's check on markets with abigail doolittle. igail, another day where we are seeing some with sawing -- with sawing -- be day: a top teacher and now we are looking at mixed action similar to what happened yesterday. we have the s&p 500 and the nasdaq lower, the dow higher all day, putting in another all-time high. the s&p 500 when it was up, actually put in and all-time high as well. the source of pain at this point appears to be the dollar. let's take a look at the dollar, onart of the pace for its fourth down day in a row and on pace for the worst month in about seven years, down 4%. president trump told cnbc that ultimately he wants to see a strong dollar. at the highs the dollars had of 1%, its tenths best date since october of last year. at this point we are looking at a gain of about one quarter of 1% in the dollar is on pace for its best day in about two weeks. the reason this could be a source of pain for stocks, not just the carry trade aspect and a weak dollar that would support investors going into riskier aspect that

david: bloomberg's abigail doolittle is here. very small moves for the averages.he doubt, s&p 500, and the nasdaq seeing more games than losses. the nasdaq up slightly. all three major averages have already put in all-time highs. extendingat is through, but more so it seems as if investors have the breather. , this iscro standpoint g #btv 9014 in the bloomberg terminal, and it is the merrill lynch global financial index, a cross as a way of looking at risk. 2009, just in 2008, to put it in perspective, it was sky high, but now it is way low. investors from a micro seeming allre not seein that worried. some may suggest the sentiment could turn, but right now, the are not really seeing that so far. where we are seeing pretty big declines -- some of the restaurants and entertainment related shares. theydown nearly 21%, and own -- is basically a chuck e. cheese for adults. they put up a same-store called for fourth quarter to date that is down. you can see this is waiting on the entire restaurant space. david: it is a pretty ugly board you have got up there, abigail.

hour.t this let's go to abigail doolittle for a check on the market.ains fore have solid the s&p 500 and the nasdaq. another all-time high for the s&p 500 on pace for a record closing high after a little intraday volatility earlier as part of the nasdaq, slightly lower following what we saw yesterday. having its worst day of the year. gains today but the dow transports once again underperforming one port -- down 1.2%. the worst three days of the dow transports since july of last year. take a look at american airlines, and delta. american airlines today reported the stock down 2.6%. are raised the forecast and also talking about the idea that they will be able to boost fares. yesterday, united continental said they were willing to match fares. a little bit of a diversions between the views of the two airlines but nonetheless, investors not liking the possibility that fares overall may not rise. we could see another price war similar to what we saw last summer. helping the dow outperform, take up 2% or 50%ing gain on the year. this of course follows pres

julia: it is time for options inside with abigail doolittle. >> kevin, great have you with the -- withtudio. >> we are getting an underpinning on what will happen with the tax cuts reform and what will happen and that will trickle through corporations in the individual spending habits on the retail side. that willuestion happen is earnings. what do they do that guided this season. we see the volatility is relatively muted heading into the earnings season. that is really pricing perfection. this earnings season, we see it happening with target. there is a sense of complacency. not hearing them talk about complacency and what happened last year. what could rail off of it? in your work, what is the wildcard? >> it is predicated on the dollar, down last year at 10%. thes not uncommon to see --lar emerging markets, they need a weaker dollar to benefit. gdp will help stimulate that if the worldwide economy is stronger against the greenback. >> interesting indeed. turning to your trade, you offered this on amazon. you are back with another amazon trade. >> i hope everyone listened on septembe

let's get a check on the markets with abigail doolittle. markets but looking at another bullish day with record highs in the major averages. the dow is down fractionally. nice gains for both the s&p 500 and the nasdaq, the nasdaq up six times 1%, leading the gains. investors seem to lean as we are now entering the middle of the earnings season. plus the boost from caster form to the profit outlook. some are not leaving it for at least are saying that the market from this bull run up 20% continuing this year. this is 2717. it represents the number of stocks from percentage point within the s&p 500 above the 50 day moving average. we see that it tends to move up and down. the point we want to make 80% above the 50 day moving average. strong momentum which some will like. if we start to see it as a turndown which happened many times in the last decade, it could be a suggestion of some kind of pullback or cooling off of these conditions could happen. today.seeing coolness viacom comcast and discovery, all lower. a miss for verizon but the ceo i

it is time for options insight with abigail doolittle. an, president at market take her mentoring. -- market take her mentoring. we have seen this run for stocks, the latest fuel, the economic data we have had. as we look ahead, what catalyst are you looking for? do you think we will continue to see this momentum? >> i think we are likely to continue seeing this momentum. we will keep watching economic news keep looking at the fed, i think a lot of this is fueled by the tax cut. it is a case of rumor and news. --ie: when are the others one of the other events we're looking ahead to has to do with the imposition of the tariffs on imported solar modules. that could happen at the end of the month. it has helped one stock in particular, solar. your trade has to do with that stock. what to your attention beyond the news to a trade on first solar? when i set of traits, i like the perfect storm. a combination of a technical and fundamental set up. what to my attention was the stock because of the story of the potential tariffs, it could be up to

let's bring in abigail doolittle to talk about why. is it because it is so cheap right now? way, yes, but it is truly on fire. up more than 10%, up three days in a row. up seven of the eight days we have had so far this year so a pretty bullish run for ge and near-termo the neares -- from that perspective, very important piece of the revenue pie. what we are looking at, take a look at your today. up almostst 10% -- ge 10%. these are the top stocks in the dow. last year, ge a true dog of the dow. sometimes these stocks pop back up. new investors. may be a little bit cheap. they lowered numbers last year. investors are hoping after the big reset last year with numbers being brought down and jobs cut and selling assets that maybe this year they will get it together and the numbers. shery: i know you love charts. your total handle is a chart. anything interesting on ge? abigail: i love this one. let's happen to the bloomberg g3btv5559. this is a six-month chart. i will pop it out to a one-year view. this was the earnings miss and the investor so really a decline. a little bit of

abigail doolittle, thank you so much for that stock of the hour.eralk company, amazon shakeup of the retail landscaping may not be over. that is according to one well-known technology analyst. the internetsaying giant could acquire target, noting that both companies focus on mothers and families. he talked about the potential synergy on bloomberg radio your -- radio earlier today. is aazon views the future combination of mostly online. but some off-line. i think adding that 470 -- excuse me, 1500 stores that target would bring in, that would be valuable. shery: predicting amazon's next deal has become a common theme for analysts. had -- is not commenting. here with more details, spencer soper. would -- is target a good off-line partner for amazon? spencer: it is a bold prediction. it is just that, a prediction. what it highlights is the main weakness that amazon has now in its fight against its biggest rival, which is walmart. theon does not have physical store presence. it purchased whole foods, it got 400 to 500 stores there, that is 1/10 of the

abigail doolittle has a latest periodic and: we have -- the s&p 500 and the nasdaq up for the sixth dayn a row. that is the longest winning streak for the s&p 500 since late october. optimism is in the air. it is confirmed by the fact that the 10 year yield higher for a fourth in a in a row. up six basis point. not an insignificant amount. haven bonds are selling off as stocks are being bought. will it continue? this is a tremendous chart. 454 one. it is a long-term chart. up at top, we are looking at the s&p 500 in relation to its moving average. that is an indication of momentum. we have the s&p 500 well above the 200 day moving average. that in andconnect of itself may suggest that a pullback is likely. 81% of the s&p 500 members are above that 200 day moving average. you could make the case that the s&p 500 is over, and trading at levels of a the last 10 years gore it is -- has tended to back down. suggesting a pullback could be ahead. head of technical analysis thinks a pullback for other reasons, are telling her that the market is overbought. and that a pullback could be on the wa

[laughter] onid: now let's get a check markets, and we will turn to abigail doolittle.e are seeing volatility in stocks in this session. we have the dow, the nasdaq, and because500 lower, earlier all three averages did put in all-time highs. -- it'sthe nasdaq down worst day since december 4 of last year. some bearish activities, some selling activity relative to stocks, but very interesting. we look at haven bonds, they are selling off, and bridgewater's, and talk about the possible to of bear markets for bonds. however, it doesn't -- that haven yen is up 1% against the dollar. that could reflect what you are talking about treasury secretary steven mnuchin's comments about the weak dollar. perhaps a bit more risk off flair, but if you go into bloomberg and look at the map for the s&p 500, we see more sectors are lower on the bottom. helping explain why tech heavy nasdaq is underperforming. we also have the influence of those rising yields -- the andor of both real estate utilities on the bottom. financials, interestingly on the top. it is interesting to see what is happ

abigail doolittle has the latest. >> another day of record highs for the major averages. the rally continues for stocks in the u.s.. dow, s&p, nasdaq all higher. on the week we are looking for another strong weekly gain. nasdaq hads&p and their best week since december, 2016. this week, all up more than 1%, the dow up 2%. optimism about the earning season underway, plus, tax reform. the records are not limited to the major averages. look at dow transports, up half a percent. nine days in a row, the longest such daily winning streak since 2013. adding to that strength, lots of momentum in airlines after a relatively left -- rough year last year. delta put up a better-than-expected quarter as well and talked about fares rising. russell 2000 also putting in a record high. perhaps one source of bullish optimism for investors, core cpi readings came in higher than expected, helping right job. -- rates jump. nowlue is the 2-year yield, about 2%, for the first time since before the financial crisis in september 2008. in white, we have the s&p 500 dividend yield. amazing that we

stocksined by our reporter, abigail doolittle.omberg rallying but still off its peak from a few weeks ago. tell me what happened. >> lots of volatility for bitcoin. you are right about that for sure. last month, we saw lots of volatility. put in ange after it all-time high of 90,500, swooping below this tells us 11,000. there is uncertainty about what is next. the bulls will tell you it is the thing of the future, at least blockchain, you have to be in it. the bear is saying it's a bubble, there is mania. lots of uncertainty the wide range in bitcoin last month, we are flashing that uncertainty and we are seeing at in 2018. yesterday it was down 5% on the day, today bitcoin is basic the flat. and after that bullish report about founders, we saw it up as much as 12%, finishing higher by about 8.5 percent, so the bulls taking it, but relative to this kind of marketplace, it is pretty handy to take a look at the technicals. where looking at a chart trying to tell where the buyers and sellers land. this is a six-month chart. over the

. ♪ scarlet: it is now time for our weekly segment with abigail doolittle. look at in-depth charts. > thanks, with me as frank. happy new year. in the new year west seen some big we have not seen. we have not seen a 5% pullback going all the way back to 19 since the five. but you and the spot, but we have a 5% pullback are not? >> the answer to that is yes, if we have more weeks like last week. last week, the snp was up 2.6%. , i believe that it shows that the motion could be bringing back the picture now it if you look at the weekly chart of the s&p 500, the first thing i want to look at is that we are getting close to the top of this channel for the last two years or so. ifyou get closer to that, you get a break about that, it shows a little bit more exhaustion in the mix here. >> that could be a sign we will get a little bit more of a pullback? >> this is tough to see without the 5% pullback. the other part of the chart here is a weekly change in yellow. and small losses back in 2016 and 2015, some spikes and bear declines on the outside. that 2017 showed us that small, persistenc