this bottom panel is the rsi, the 14 day rsi, how oversold we are. we are oversold. rsi for copper at two, unbelievable news. for more, we are joined by joe q buying into are you the rally or shortening it? .oe: i am not shorting it buying, not at these levels, too difficult. technically, it is oversold but things are overbought and things can stick overbought for quite a bit. is interesting is who continue to seek copper moving even before trump, even before the potential policies that will be put in place and they look like they will be a reality, moving for the last 15 sessions, 10 specifically. look at what has been moving, 50's the straight draws, this is the supply component, 4100 tons overnight. the copper stocks in china are down overnight over 14,000 tons, so right now, it looks like we are looking not supply components getting in front of all of the policies. alix: i have a hard time buying that because you have a stronger dollar, oil moving higher if we get better u.s. growth, and you make the case that it is a supply issue but copper has

declining.re nothing beats a look at the rsi. vonnie: nothing beats our producers because we have somebody coming on to talk exactly that, health related stocks and what you should do with them. let's check in on the bloomberg first word news. in our newsroom we have courtney donohoe. courtney: four days and counting to the new election and an abc news poll has hillary clinton with a 47% to 44% lead over donald trump. she campaigned yesterday in north carolina with bernie sanders. trump was in north carolina where he appeared with veterans and said he could not imagine clinton as commander in chief. while polls show the race is tight, trump's path to winning enough electoral votes appears to be harder. according to a bloomberg politics analysis trump is showing strength in iowa and ohio well clinton looks to be stronger in north carolina and nevada. the fbi and new york police department are investigating the possibility of an al qaeda effect -- attack on election eve. they are reviewing information that mentioned texas, new york

rsi whichking at the is a measure of overbought and oversold conditions, a 30 and a 70.verse two stock prices. -- inverse to stock prices. a little bit oversold. i prefer the exponential moving average on top because it places more weight on the more recent values that a simple moving average. oversold but looks momentum seems to be continuing in that direction. mark: where can you find your chart? >> 4968. mark: competitive words from the debutante. >> technical analysis with fundamental analysis on the bloomberg terminal. i am sorry, is there any point in be presenting? mark: i would walk offset. vonnie: i will talk about food because she will win. of stocks like shake shack and yum brands and papa john's which has been rising, up 7%. people buying into this bite feel like under the trump presidency, the minimum wage problems and labor shortages will not be a problem for restaurants because the ceo of shake shack who is opening 17 more next year was in a panel last night and he did not seem as enthusiastic about what the next administration will bring as investors in t

end cap terminal that rsi confirmed is the same one involved in the crash. there's another aspect to the investigation. one that her boyfriend played an >> he was immediately suspicious. at first he wondered if the guardrail had been installed correctly. because it didn't seem to perform too well. >> you see the grd that sit there not fixed for months. this one. as soon as i make contact the next day it was cleaned up. >> the colorado department of transportation told edwards he couldn't have the end cap. telling him it was destroyed. >> unfazed he went to the junk yard and bought the smashed suv. guardrail still inside it. as evidence. >> we're just grateful she's here. at the same time. >> >> surgeons were able to save her foot. but it will never be the same. >> i'm just. i'm so blown away the only thing hurt was my >> c-dot tells us the guardrail system at time it was installed was a federally approved road safety system. there are new questions. so c-dotinstalled a different model and make. to replace the destroyed one. that end cap also made by road sys

the white line shows the percentage of s&p 500 numbers with the rsi strakes above 70.urple line shows the dow and the yellow line shows the nasdaq. normally when there are big 70,es here in the rsi above it's usually the big have indexes, the s&p and dow. the white line for the s&p. the yellow line doesn't really show up as much, until this latest hire, the postelection rally. the nasdaq has more than 2500 members. many of them are small cap and midcap numbers. this time around we seeing a lot of participation across the cap space. interesting because the nasdaq has had several days that are weak because of the dominance of tech. interesting that so many of the smaller components we don't talk about must be doing well. it shows you have to dig beyond the headlines. i'm looking at the ramifications postelection rates spike. if rates go higher, you are less likely to refi your home. this chart shows in green 30 year yields which i have inverted so when it goes down, that means higher yield. mbaa mortgage refi index, year-over-year change, it lines up really well and it m

another thing that was pushed into rsi overboard territory is the dollar-yen.r -- we are seeing a switch now. the yen is gaining against the dollar. the dollar falling from a five-month high versus the yen. take a look and see that we are also seeing a little bit of euro strength. 45% chance of euro-dollar parity in the next year given the dynamics we have seen in that pair in recent days. em currencies gaining as well against the dollar. moving quickly to see what has happened in the equity space. equities rising from a or month low. asian stocks steadying after a two-day drop. yousef: fresh off yesterday's announcement that his company ford pay $4.5 billion graphics, the biggest acquisition, siemens ceo has been speaking to bloomberg in riyadh. well asoned the deal as how the election of donald trump and populist movements could impact global markets and siemens. impulse from the united states is spread all over the world. it matters what the president does because the whole world is looking at the united states in many ways. that is why i believe we should b

click through to rsi, and boom. the top panel here, moving averages.all the big benchmark indexes. on the bottom, the actual relative strength. this read a portion, that means 23% of the s&p is trading above value on the rsi, which indicates that if you go by this measure it's overbought. but here's the thing, look at all the dates. days where at least 50% of the benchmark is trading oversold. so it kind of goes back -- a condition of overboughtness does it you anything about the short-term. >> exactly. what i did as i took all the other instances of the past decade when you have that many days of overbought levels in the market, and in the short-term it doesn't tell you much. in fact, it might show yet you have a lot of momentum. on average it will underperform all other stretches of 30-60 days, so perhaps it indicates it is poised to stall out. scarlet: that is interesting, especially since dan curtis gave in previoust -- instances, the index have gained from the following 12 months, at least 10%. remarkable stuff. >> very interesting. i have been wa

five-year chart of the russell on the top and a 14-day rsi. this is, of course, the 30 level and this is the 70 level. that's how sort of an overbought, over sold condition works and we hit 81 here. that's the highest level at any point in five years, and, of course, we know today it's down. which would be in line with what an overbought condition is all about. now, there's beta here right? more beta than the market. about a 1.2. you expect an overshoot russell at the top and undershoot on the bottom and here we have yet another overshoot. so from low to high it's up 16% versus the s&p up 6. the question is having gone 15 days in a row, having reached an overbought condition on the rsi, how much upside is there? i think there's more and the stats suggest that, but it's all in the context of this. peak performance for the russell 2,000 was in january of 2014. january 15, january 16. we're about to be january 17. this index while it's making all-time highs is nowhere near to its relative high. any further progress will simply be getting it back

the rsi, what is sustaining the dollar's gain at these overbought levels?ctations for the federal reserve to raise in december is sustaining the rally that we have seen since the election at 96%. for markets it is almost a done deal. that is keeping up the momentum for the last two weeks. until we see what the fed does in december, that is likely to continue. mark: we have had comments from fed officials. the nuances matter? >> they affirmed the possibility of a december rate hike for sure. it is already priced in the market. have to watch for what they say in between the lines. the dallas fed president said the fed is ready to remove some accommodation and they are watching the level of the dollar. it is at the highest since february. that is not something they want to do too quickly. we have janet yellen saying that even if they normalize policy it will be gradual. these are things that could let the dollar rally take a hit of a breather. vonnie: the emerging market currency, we are having an even harder time at the moment. the mexican central bank rose b

it is close to that 17 level on the rsi. we know it is in a bull market. the topix higher for a 10th consecutive session. , downss from australia .1%, gold stocks under pressure. boral down 11.5%. having a look at these emerging currencies, a june low. sell outeing investors of indonesian stocks as well. having a look at the offshore room in the, 6.95. it touched that record low against the dollar. first word headlines with sophie kamaruddin. singapore's economy contracted less than expected. singapore's economy contracted less than expected. gdp fell an annualized 2% from the previous three months according to the ministry of trade and industry. last month, they projected a 4.1% decline. the chancellor of the exchequer has cut growth forecast for the united kingdom. philip hammond/expectations next year, saying the government will need to borrow more. hammond cited heightened uncertainty and a weaker pound. ctrip jumped, beating forecasts. to buy a u.k.ed start up for $1.7 billion, adding new geographic regions. rio tinto wants to generate $5 billion of c

the rsi on the bottom.f you blow it up and look at it, essentially when you see the relative strength getting a little bit closer to the upper line or above it, that is overbought signal. we will be watching that come not quite there yet. goling back as we see stocks down. other asset classes we are watching commodities. we could see today. crude oil pulling back in this exact leading to the opec meeting in vienna. the preliminary talks have stalled out and now in deferral of a decision of production agreement until tuesday. the sticking points are iran and iraq. copper pulling back a little bit and gold is down 2%. the vix's rise and a little bit as we get stocks going down. big corporate story have to do with eli lilly. the stories experimental alzheimer's drug. regression is setback in trial. it could have been a blockbuster drug. eli lilly said it will not only try to develop this but others to treat alzheimer's. it will take a nine cents charge as a result of this. the stock down about 13%. biogen is a

euro at the lowest level since december last year, and look at rsi. that is when the ecb started qe, last march, and it fell to the lowest level in 12 years. topman sachs, one of the trade recommendations for next year, targeting 10% upside in the dollar, relative to baskets of the euro and pound. againstrade were to go 5%, this would entail the euro falling against the greenback and the pound sinking to 114 on the 12 month arise. astonishing chart, 10 days of losses. vonnie: gary astonishing charts and currencies -- very astonishing charts in currencies. let's check on first word news with erik johnson. erik: president-elect donald trump as a position of attorney general. jeff sessions, a staunch ally, and he also selected mark pompeo to lead the cia, according to a source with knowledge of the matter. he also tapped michael flynn as national security advisor. wouldns and pompeo require senate confirmation before assuming their roles. flynn would not. had aile, andre duda friendly phone conversation with donald trump two days ago, saying the incoming

the rsi is at 70. just checking in on egypt there. we pop that in for a little bit of a difference. you have a nice move from egypt. of course, a big rally there. the seventh day, a stay in a row , led by the big banks. we have not seen that in a month. look at that egyptian market go. onfell a little bit earlier the open market yesterday. angie? right, manus, thanks. we are focusing on china after trade. month of sluggish we have steven angle here to break down all of the numbers. what does it all mean? >> it means global demand is still weak and a weekend of you yuan has not benefited exporters. the numbers are lower than forecast by economists. oferts saw a bell curve 6.3%. 10% follow september's fall. seven straight months of export following now. we were expecting a fall of just under 1%. imports, too, those have been in contraction now for 23 out of 24 consecutive months. it's improving, but were some expected in october. we have import still .4%. we were expecting -- we have imports still don't want .4 percent. this is bad news for manufacturers who are not getting a break fr

overbought and oversold is the function of rsi, not distance from -- >> rob, thank you. >> thank you me. >> "power lunch" starts right now. >>> welcome, everybody. cabinet appointments, ceo meetings and major market milestones, it is a trump trifecta topping your power menu today. speaking of menus, some big changes are coming to your local mickey d's. picture high tech big macs. and total panda emonium. we sent two panda cubs back to china. "power lunch" starts right now. ♪ all right young

look at the rsi, below 30, and tells you the euro is oversold. it has got to go above 30 to tell you it is time to buy the euro. we had some data in the u.k. sales surged more than expected in october, cooler weather boosting sales on winter fashion lines, sending clothing and footwear sales to the biggest increase in 2.5 years, jumping 1.9% versus 1.1% in september. the move the strongest since july. consumers continuing to fuel the economy. vonnie: we are continuing to monitor janet yellen's testimony before the joint economic committee on capitol hill, starting a few minutes ago, and we heard from the chairman. member, carolyn maloney from new york, is speaking. in a few minutes, fed chair janet yellen will deliver her prepared remarks. we are joined by chief economist at deutsche bank and senior position at ims and for global markets, thank you. does nothing to dispel the great increase in december today. >> correct. vonnie: how many next year? >> that is the key question. the market has now moved from pricing just one rate hike over the next

right now you basically have a scenario before you dip below 30 rsi.ou found support, and you got a little bit of a turn where these stocks found support in late march and again in june. could be a triple bottom if we're having an inside day, the significance of that psychologically is that neither the bulls nor the bears feel kfrt enough to push this thing in either direction. >> look, you have the biggest dash for cash among investors since 13. in three years because of the uncertainty that is around in the market. >> judge, if -- >> as i said, that sort of characterizes the last few days as though it's -- it's felt as though the market is teetering. >> and -- >> it hasn't moved by huge amounts. it's teetering, and it doesn't feel like it's leaning in the right direction if you are lost. >> true. peter, question, should you sell? right now i would answers it, number one if you are in taxable accounts. the tax that you incur is going to be more debt nejts e mental to your long-term training and investing than the perhaps 3% to 5% that citi is talking

the stock -- in fact, if you look at the momentum indicators, the stock hasn't been this low on an rsi since brexit. i don't think it was such a great run into these numbers. i think the expectations were also pretty darn high. i think it's actually very impressive on this take that this stock has done what it's done, considering it's probably one of the last men standing. and if you this i about the fourth quarter comp. that's coming down the pike for these guys, i actually think these numbers were fine. i don't think that there's a -- right now we note the ceiling on their ad revenue. frankly, no one knows the size of the marketplace. they continue to dominate it. they dominate the smes, the small medium enterprises, which is hard to understand where the true value is. >> the low-hanging fruit already picked. we know we have this massive shift from desk top to mobile. facebook got way ahead of anybody else. and just crushing in this. to dan's point, now what? what's next? these numbers are fine. you can't really put -- poke a hole in these numbers. when i first saw the numbers, i was

the rsi at the bottom. and the important momentum indicator at the bottom of the chart it's already dipped below 30. okay. and the -- remember we studied that a tool designed to measure whether security is overbought or oversold. we used one of williams' charts has dipped below 10 both of those are what we call oversold readings. they suggest natural gas could be due for more of a bounce in the one it's already had. in short, garner expects the commodity to be volatile and the bottoms around 2.50 and starts to bounce she sees the resistance at 3.02 to keep a lid on things for the second ceiling at 3.15. looking for not much of a move to the upside. so why don't we check the weekly chart and get a better perspective. again, here you can see natural gas has a clear floor support at 2.50. however the technical indicators garner would rely on for guidance are sending us mixed signals. the williams percentage are oscillator mildly oversold. relative strength index, mid range. neither over bought or oversold. one

rsi got up to 90 something. 70 is overbought. way overdone. now that's cooling off.hink it is setting up. the next leg higher, if it can hang in there i like the names, i don't want to be out of them. >> i look at the airline names and it is curious to see we continue to see buyers of upside. look, i'll give you one -- >> 11% in the month. >> the huge run and there is still anticipation there say little more left. i'll give you one example, delta airlines, $48 a share, buying the 56 strike calls. the 52 week high is 52. >> buffett bounce, right? >> some of it was the buffett bounce. that part of it is over. i think people are looking at it and going, hey, look at the multiples. >> gives you a floor, though. >> no doubt. >> buffett bounce. >> part apple too. >> good having you. nice to see you again. >> thank you. >> we'll see you again soon. does it for us. >> "power lunch" is next. >> i didn't say anything. >> and welcome to "power lunch," everybody. your top story, crude crumbles. skepticism that the saudis and iranians will be able to make a deal. that is sending

rsi has exploded to 77. that's way over bought. there will probably be a pullback, but this is a historic break-out out of a ten-year range on the kre. these names are going higher for reasons that are not limited to the fact that ten year rates are higher. that's where the bulk of those books are keyed off of in ermz it of the loans. >> when you look at full employment and lending come back, all of these play back into the hands of of the regionals. i would welcome a pullback in these names as an opportunity to reload or to get involved if i missed them. the break-out is for real. it's convincing. the volume is tremendous. i think it's got legs. it's not just about, oh, president trump or, oh, the two-year note is now yielding over 1%. there's a lot more happening here. >> kevin. >> i want you to save that tape. i'm going to make him eat those words. it's coming to -- >> like you did with long facebook or long apple? we'll play all the tapes together on a loop. i think you and i will probably have a tie. >> absolutely, but my poin

it is interesting if you look at the technicals on the bloomberg, particularly the rsi function for the nikkei, it is getting close to the 70 level, close to overbought territory. it you are seeing the shanghai composite a little higher. up 0.1 percent. on the strength playing into emerging market currencies and weighing quite heavily on a number of these emerging markets , particularly in jakarta. the composite down by 1.2% today. we have been watching the bond space, some quite a lot of selling coming through in bonds in australia and new zealand. you are seeing the yield higher on the 10-year note in australia, 2.77%. the u.s. bond market closed for thanksgiving. manus and yusuf. yousef: -- youusef. this suggested the economy is strong enough to withstand another rate hike. it could come as soon as next month. let us get some more context from bloomberg's mike mckee. >> the minutes don't tell us much we do not already know about the fed's short-term plan. most participants expressed of view it could become appropriate to raise the target range for the federal funds rate relatively so

overbought and oversold is the function of rsi, not distance from -- >> rob, thank you. >> thank you for having me. >> "power lunch" starts right now. >>> welcome, everybody. cabinet appointments, ceo meetings and major market milestones, it is a trump trifecta topping your power menu today. speaking of menus, some big changes are coming to your local mickey d's. picture high tech big macs. and total panda emonium. we sent two panda cubs back to china. "power lunch" starts right now. ♪ all right young america ♪ >> i'm michelle caruso-cabrera. here's what else is happening at this hour. fantasy sports sites draft kings and faneu duel agreeing to a merger. chrysler recall. and stocks trading lower but we found some bright spots. not surprising in the financial sector again. citizens financial, m & t hitting record highs. it is a busy friday. we have susie welch with us for the next hour. lots to get to with you. >> we have a lot to talk about today. >> we're excited -- >> something happen since the last time we saw you. >> a little something. >> speaking of which, a trump trifecta of n

the technical rsi index underneath. the biggest drop since september 21. on its 2nd avenue decline.e strength index is not only it may be overbought, of course that is when he goes over 70, it has now dropped back through 70 suggesting it could be a cell signal. if we look at the dollar again, it is heading for its biggest decline in two months. this is the 10-year treasury yield coming down today as well. one trade that has performed well since the election of donald trump and which continues to perform well as the metal trade. metal mania if you want to call it. a strong rally today. zinc headed for its strongest close in nine years. for its strongest close since 2013. the speed has left the 14-day relative strength in index. yes, i am loving that technical indicator at the moment. zinc, lead, and copper all above 80. perhaps overbought. commodity market of oil very much in focus today with the opec meeting happening in just two days. it is extending its decline. a euro.w $46 developments over the weekend, saudi arabia for the first time on sunday suggesting opec does not necessar

this is the rsi index for the u.s. 10-year yield.nything over the orange line signals overbought territory. we go to our guest. steve, is this overbought land? short-termink in the , some of the figures this week may come out surprisingly dovish. the beat of backing up as well as some of the turmoil we are seeing in emerging markets looks good and probably is for the u.s. economy. the more aggregate demand, the higher rates, repatriation of foreign earnings. accountou are a current deficit emerging markets country, the market is saying, why should we buy your assets? if you are commodities, market is saying come on -- the market commodities up, dollar is down. there is a risk with emerging depreciating rapidly, some of this will spill over into the u.s. markets. that is because we will be afraid of it, and even without the fed speakers, at a certain point turmoil and the rest of the world is a headwind for u.s. assets. alix: obviously we are in oversold territory with the lines flipped there. as you take a look at how that goes throu

seven days of consecutive gains and now near overbought territory on the rsi. the asx 200 of .4% and data from new zealand showing the trade data narrowed. the kospi, not a lot of movement but remember it's been a very brutal last few sessions for emerging markets. we will see how they trade throughout the day. malaysia is unchanged that remember the ring that has seen quite a beating from the surging dollar. let's get a check of the dxy. it is surging after taking upon sin the last session. up .1%. that seems to be the story, the dollar against all other currencies. take a look at the turkish lira. it's at record lows, weakening almost 2% after seeing a little bit of strength after the central bank surprised markets by raising interest rates in the last session. but then it is now weakening and we've seen the lira now falling to record lows. the same thing for the malaysian ringgit which is at the lowest level since 1998. a little bit of a cause on its weakness but it's still at 4.4625. story now seems to be what will be emerging-market currencies do and where

emerging-market currencies higher, led by the south korean won, up by .7%. ,f you look at the 14 day rsi1 last week. dollar washowing the in overbought territory, so that's why were seeing some strength into these emerging-market currencies. .3%,ffshore renminbi up by and the onshore yuan rising to the highest level since november dollar, up 5.25%. the bond market, australian bonds leading the decline -- the leading declines, six point 9% return on the 10 year all strain bond, some movement in the 10 year japanese note as well. a different picture, oil the focus of the week, but dollar weakness playing into equities and bond markets today. growing skepticism over the ability of opec countries to reach an agreement on out what cuts. deal is guest police if not reached, oil could sink to $30 a barrel. he is in singapore. tell us about this. saying $55 to $60 if they get a deal. so what gives? it's coming against this back suggestingdi arabia no deal needed because oil will be stable and going up in the new year. is a bit of that the negotiating position on the part of saudi arabia, a clums

oversold, goe most , the rsi for the bloomberg treasury index, the barclays u.s.index at 17. the most oversold since 1973 following on from this big treasury selloff. equity volatility has been declining as political risk has been gaining. boston is one of the brokers funding. francine: thank you. surveillance continues in a sour, tom keene enjoys the from new york. we look at the u.k. statement. this is bloomberg. ♪ francine: the brexit bill slows -- canand more debt to fiscal policies deliver for the u.k. working-class. the president-elect will move to fill two vacancies on the board of governors within his first few weeks in office according to transition team sources. can he outweigh yellen? european equities advanced after ux indexes -- u.s. indices hit records. this is bloomberg surveillance. tom keene is in new york. and most interesting day, we need to look at the markets. general anderity in look at what donald trump said in the latest interview with the new york times. tom: donald trump on twitter and youtube, i do not think mr. hammond will be out on yo

look at the rsi. 86, it is over boards. we were at 90 last week, the most overbought ever.: thank you so much. chinese president xi jinping has told jumbotron that cooperation is the only option. meanwhile, the new white house is expected to bring about a dialogue between the u.s. and russia, a relationship which has become strained in recent years. let's talk foreign policy with morris read and james bevan. policy, look at foreign and i know he needs to focus on domestic policy, but the checks and balances, that is maybe for domestic policy. can he do whatever he wants in terms of foreign policy? do what is he has to in the best interest of the american people. i'm surprised at the alarm about the putin thing. the obama administration wanted to have a reset with putin as well. some of the things donald has said are some of the things obama wanted to signal to putin. remember the conversation that was overheard. i think what donald trump is doing is saying, we want to deal with people forthright. i happen to believe that he may be anti-multi-trade opportunities, but i belie

indicator, the presence of that support at the 200 day moving average, the most oversold conditions on the rsit you up for the technical bounce. i think in the short-term, if hillary clinton were to win the election, we would see an extension of this advance. the way i see it, 2190, if clinton wins. if trump wins, i see it going the other way, potential downside to 1948, where dewey defeated truman down in 1948. clinton more positive in the short-term, we see that today. now, key point here, i'll finish up on this, transports. this gives you reason for optimism. you're breaking out to a new high for the year in the transports and the airlines and copper. so those are things that are typically associated with the more bullish backdrop. so once again, clinton victory gives us 3% upside to 2190. possibly a marginal new high. and trump victory takes you down almost eight, possibly 10% to the 1948, 1950. >> okay. technical view there. so stripped the emotion out of it. but do you believe that a trump victory will send us down 10%? >> i think it could. i totally agree with rich, that the downside is

rsi, relative strength indicator 100. i've never seen that.about as much overbought as you could possibly get at this point. again, we have to see more details on what's going to happen on obamacare, dodd/frank, tax cuts. did you see this letter of 600 doctors to president-elect trump basically pushing back on the idea of higher drug prices? don't allow the pharmaceutical lobby to set terms for drug pricing specifically saying allow the government to negotiate medicare drug prices. this is a very controversial issue, but basically the idea is just going higher on drug stocks on the idea you can raise prices is not going to work here for a lot of people. so we're getting some pushback already on this idea. speaking of going up and moving up this week. did you see the asset managers and some of the brokerage firms that have been moving this week? all of them are on the upside. so e-trade and schwab up double digits, piper jaffry up big. hopes the fiduciary rule may be changed. these are all stocks that benefit when trading goes up, their earning

it's hard to buy banks if you look at the rsis, the relative strength indicators that are above 80.for the fact that the valuations at these banks were significantly held back at a regulatory environment and a yield curve, both of which seem to have changed quite a bit. >> we're getting some news in now. let's first get to salesforce earnings, which joshua lipton has. josh? >> kelly, salesforce reporting eps of 24 cents. that is a beat. revenue, 2.14 billion. the street was at 2.12 billion. looking ahead at qr guidance, they are guiding, kelly, 2.267 to 2.277 billion. eps for q4, 24 to 25 cents. the street was at 25 cents. full-year 2017 guidance, they're raising that, looking for 8.365 to 8.375 billion. and their full-year 2018 guidance year, 10.1 billion at 10.15 billion. that is a bit above the street's estimates. on this call, kelly, i was talking to kurt materne, he was looking for more insight and more color about this guy. what do executives have to tell us about margins, looking ahead, about buildings, looking ahead. and also, this is a salesforce call, so usually some color

rsi is 31. it is time to buy the euro according to technical analysts. they said earlier it is time to sell copper because it fell through 70. it is back above that level now. trump'sained 4.4% since victory and reached its highest level in 16 months. like iron ore, copper did give a sell signal earlier, falling through that 70 overbought fine, but it has bounced back above that. francine: thank you. the japanese prime minister becomes the first world leader to meet the president-elect, donald trump. the boj announces its first offer to buy an unlimited amount of securities in the wake of a global selloff. japan's topix closed on the brink of a bull market. stocks in europe are broadly flat. let's get more analysis from jim hurley. i'm going to call in the crisis editor. also, marcus ashworth. marcus spent three decades in the banking industry. thank you both. i'm so delighted to kick off this thursday morning markets conversation. ,arcus, there's an expectation but inflation is back. the dollar will be strong because donald trump will deliver on infrast

we are over stalled if you look at the rsi. every industry group down today, nervous ahead of next week's election. we are on track for the second weekly decline. this week put the 3.4% fall is the biggest since february. index, theope's fear volatility index. it is basically our vix index. look at the move since the end of october, today gaining for the 10th executive day. that is the longest gain stretch since august 2011. we are at the highest since july 7 after the u.k. referendum. as--brexit, we rose as high 40. close on june 11 was 40, highest since august 2015. looking at some individual stocks, this is the world's biggest cosmetics company, l'oreal am a shares up a 2.3% today. third-quarter revenues beat estimates on rising demand for high-end brands in north america. l'oreal supplied high-end fragrance and makeup brands to build on growth momentum in north america. they have compensated for slower demand in asia and western europe, where l'oreal did admit it is still outperforming the market. a busy week for sterling,

look at the rsi. the dollar is the most overbought since march 2015.ing officials saw a strengthening case to raise rates as the labor market tightened. some saying a hike should happen in december. it is thanksgiving, so i have to do a lovely thanksgiving chart. cheaper turkeys and pumpkin pie mix for this year's grocery bill. the cost for the holiday meal fallen to $49.80 per 10 people, according to the annual survey from the american farm bureau federation. lower than the record high from 2015 when a bird flu outbreak trimmed turkey production and heavy records and summer rains damaged the pumpkin crop. there is your special thanks giving chart. special thanks giving chart. let's get a look at first word news. erik johnson has more. >> iraqi troops have made more gains in their attempts to oust islamic state forces from the city of mozilla. according to a senior iraqi commander, his troops drove militants out of three neighborhoods as they headed toward the center of the city. the street battle is now in its sixth week. in eastern china, 67 workers