Stocks, yields, and dollar spike as investors digest Fed rate hike
To view this email as a web page, go to the link below, or copy and paste it into your browser's address window. https://view.response.cnbc.com/?qs=deb62b259e09688637d15d0ba5a8d025be08ca76641b184e6d215dabf4d0da9da4376a99417a7a44aca6a65f8bbef562002c446c2d8fdace7efbc6e52bccb077CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=deb62b259e09688637d15d0ba5a8d025be08ca76641b184e6d215dabf4d0da9da4376a99417a7a44aca6a65f8bbef562002c446c2d8fdace7efbc6e52bccb077 here. https://click.response.cnbc.com/?qs=0faea25a13fe6d22c39b77647c330311751c585323139a7aeeb11f7850bcd0be59bfcebc9e9716c9 https://click.response.cnbc.com/?qs=0faea25a13fe6d22bd8583f67716d00c75c2d8b49a9004c12b46359648a50ab1d0f3e81a23aba0ca MARKETS & THE FED U.S. stock futures https://click.response.cnbc.com/?qs=0faea25a13fe6d224308edf6f101a287788f6701ea6663eaa5dd756f88ff06c0fbe9a9fea3464055 were higher this morning, after the Dow broke a seven session winning streak on Wednesday's Fed interest rate hike. The Dow now stands more than 200 points away from the 20,000 level. (CNBC)The Fed's second rate increase in a year (and the second in a decade, for that matter) https://click.response.cnbc.com/?qs=0faea25a13fe6d22c2cf2dadae0fc10d00033bdae97d19958f5e2c639258e0b428217fb7bba70fd4 sent the dollar index to a 14-year high and https://click.response.cnbc.com/?qs=0faea25a13fe6d22cfb47740e7b1871cda229856bdabed78058741593b3e65fe77ecb9daeef1f6df knocked gold to more than 10 month lows. The 10-year Treasury yield https://click.response.cnbc.com/?qs=0faea25a13fe6d22fa53eee2a0019e1e56b72476199da52d7eb287959ab942858425c0100cc5f849 was topping 2.6 percent . (Reuters & CNBC) https://click.response.cnbc.com/?qs=0faea25a13fe6d22a9e6ad8bda09e6b192fa78c0cb07b48fe7947093baf3c3ed4a8df3013c3411d2 Oil was stable , after the Fed move sent investors out of commodities Wednesday, pushing U.S. crude down more than 3.6 percent. Stability this morning comes as a tighter market looms in 2017. (Reuters)In addition to the Fed's rate hike, central bankers https://click.response.cnbc.com/?qs=0faea25a13fe6d22ac1f0a62d8f38487a9abb03010368977535d526fd2c30e4a1f16b3d66fd5b31f projected three increases next year instead two, while Fed Chair Janet Yellen in her post-meeting news conference said she does not "bless" or criticize Donald Trump policies. (CNBC)Major banks, including JPMorgan, Citigroup, and Bank of America followed the Fed, announcing https://click.response.cnbc.com/?qs=0faea25a13fe6d229153dbd048493a9a6819a615717fb448397f4a08470fdedc6d3918ba27fd36c7 increases in the prime rate to their most creditworthy customers to 3.75 percent. (CNBC) https://click.response.cnbc.com/?qs=0faea25a13fe6d2253f0f79be7b308a844435a091134915d5eb494aa34d726479ca224bb17e33cf5 https://click.response.cnbc.com/?qs=0faea25a13fe6d229e94086ee5cb6d9772b9c0766ab234f683a01dbe38d2fadaaf6d0ee8ff59f499 https://click.response.cnbc.com/?qs=0faea25a13fe6d22e7221bb449d5e82fbc7a1c564dd9da638efcb427c6b2b45514f90a97a3dfe5f0 HACKING AMERICA Yahoo (YHOO) has identified a https://click.response.cnbc.com/?qs=0faea25a13fe6d22f4da08761e3c8b9c2884a559c1561d54a0d4c4ee951ce9b8c4e6cad36220a533 new breach from August 2013, involving data associated with more than 1 billion accounts, double the number affected in a different breach disclosed in September. (Reuters)The new revelation from Yahoo puts its $4.8 billion sale with Verizon (VZ) under more pressure. https://click.response.cnbc.com/?qs=0faea25a13fe6d22159778bb13188d53131e1c3cc130e58bf611287c6593d9adcefda3d169285e14 Verizon said it plans to review "this new development before reaching any final conclusions." (MarketWatch)Joshua Samuel Aaron, who had been living in Moscow, https://click.response.cnbc.com/?qs=0faea25a13fe6d227dd4cc2ab1e3834afbccb38bb5b83627a4d31fc33228de800d680502ce232f48 has surrendered in New York in connection with a 2014 hack that exposed the records of more than 83 million JPMorgan Chase customers. (NBC News)U.S. intelligence officials now believe with https://click.response.cnbc.com/?qs=0faea25a13fe6d223e1ae2ab962e36a53bff207a5c6d7ecc340b84cae42f4047d2f38eca3d6e708d "a high level of confidence" that Russian President Vladimir Putin became personally involved in the covert effort to interfere in the U.S. presidential election. (NBC News) TRUMP TRANSITION President-elect Donald Trump brings his post-election "thank you tour" of gratitude to Hershey, Pennsylvania today, after meeting with https://click.response.cnbc.com/?qs=0faea25a13fe6d229ec2cab680a88ebe787b272658112fb945b7e1c9f8e7ed23fd5c1dce0bf21c5f tech titans to mend-fences in New York City on Wednesday. (CNBC)Trump declined to invite Twitter, a platform Trump himself uses with impunity, to the tech summit because of the social network's refusal to approve a https://click.response.cnbc.com/?qs=0faea25a13fe6d22d0bcd130b4ac1bc0816423704cc6d67edf852afb2384f7772444ce45d34f6b3b "Crooked Hillary" emoji during the campaign. (Politico) https://click.response.cnbc.com/?qs=0faea25a13fe6d2241da18f69c1794a95a8943a4d6d25aa2f931d266196a8858723acffae539d86b Elon Musk is joining Trump's policy advisory council, despite his comments before the election that Trump "doesn't seem to have the sort of character that reflects well on the United States." (Recode)With Exxon Mobil Chairman and CEO Rex Tillerson picked as Trump's secretary of State, the U.S. oil giant said company president Darren Woods https://click.response.cnbc.com/?qs=0faea25a13fe6d22f7efe03f49af4faaee507d1538edde6660c9c3a98a4244bc6c1468f8d821b2c0 would take over in both roles. (NY Times) https://click.response.cnbc.com/?qs=0faea25a13fe6d22facc14aac7657f32d4073c1725200ea27b1c55c0f8f83ed326928d8250cc4986 In continued fallout from Trump's questioning of the One China policy that's been a cornerstone of U.S. policy, a Chinese state-run newspaper said Beijing should consider force as a means to conquer Taiwan. (CNBC)IN THE NEWS TODAY Shares of Mondelez (MDLZ) spiked as much as 12 percent in premarket trading before tempering some of those gains, https://click.response.cnbc.com/?qs=72079ec469882b7f3090a1efeacbfc736829487afd730299042fa2f54901b24572e5d64ce6f3d006 after a report surfaced that Kraft-Heinz (HNZ) was planning to acquire the snack giant. (Bilanz)The Senate Aging Committee has asked Pfizer (PFE) for https://click.response.cnbc.com/?qs=72079ec469882b7f89adb5af64f2c94de88e4183eeea779612629653848932723b7036d3d8e648c0 information about soaring prices for the generic drug naloxone, used to reverse the effects of an opioid overdose. (CNBC)Nintendo shares closed lower in Tokyo, as investors struck a https://click.response.cnbc.com/?qs=72079ec469882b7fe328ab1c9a6fb4a622cb7a50c2bc2d31db6044fc190878f3ee3f951d50999feb note of caution as "Super Mario Run" was released on Apple's iOS, a game that's seen as risky but crucial for the Japanese tech firm. (CNBC)Uber rolled out its self-driving car fleet in its hometown of San Francisco on Wednesday, https://click.response.cnbc.com/?qs=72079ec469882b7fe2bd98dc965418ab9328899b72156f4e004e455e7bc66e92b0ed57f62d407d2c but faced a backlash from state regulators who said the company needs a permit to keep the vehicles on the road. (Reuters) https://click.response.cnbc.com/?qs=72079ec469882b7f6dd6a587c6745af6c4d213eace60fcf601995750a2501bdad88e53f7cb805f63 Dangerously cold temperatures gripped the Upper Midwest in advance of a storm that's expected to bring several inches of snow in coming days, while residents in the Northeast braced for their own wintry blast. (AP) https://click.response.cnbc.com/?qs=72079ec469882b7f3e1cbbd4f0ebadec3f8b607b6207e19ca7a86e35d85dc5e28dee17c05f1734c8 More Americans than ever before plan to travel by planes, trains, and automobiles this holiday season. AAA projects 103 million will travel between Dec. 23 and Jan. 2, a 1.5 percent increase over 2015. (USA Today)The U.S. Postal Service's deadline for standard ground packages for https://click.response.cnbc.com/?qs=72079ec469882b7f4414204573d9871c070aebea4c5b3fe60a4cda6521ac1ab71eac6aa03fb24b92 guaranteed Christmas Day delivery is today. FedEx's is tomorrow, and UPS's is Monday. Most Amazon users have until Saturday, with Prime giving a little extra cushion. (USA Today) https://click.response.cnbc.com/?qs=72079ec469882b7fc51cec1ec6d379048ee1a284c392c5cd147858d71a2277d053a8529d54b2d68a The deadline to enroll in Obamacare for coverage beginning to Jan. 1 is today. Signups gained steam earlier this month with more than 4 million people choosing 2017 plans on the federal exchange. (USA Today)BY THE NUMBERS As investors continue to get used to the Fed rate hike, there's a pair of economic reports out this morning, including jobless claims at 8:30 a.m. ET and December homebuilder sentiment at 10 a.m. ET. Oracle (ORCL) and Adobe Systems (ADBE) issue earnings after the bell.Fidelity Investments https://click.response.cnbc.com/?qs=72079ec469882b7fb849ae7f31f9dc2d98c08700a215bc84a0a094a9047bad9ab8089aff8dc542f8 is removing short-term trading fees for 75 funds, according to the Wall Street Journal, the latest move by the mutual-fund firm to adapt to the growing popularity of low-cost exchange-traded funds. STOCKS TO WATCH Pier One Imports shares were up 20 percent in the premarket, after reporting better than expected quarterly earnings and revenue. The home furnishings chain also raised current quarter guidance. Dow component United Technologies (UTX) warned on 2017 earnings and revenue, as the company struggles with a new jet engine. The stock was up nearly 14 percent for the year. General Electric (GE), another Dow stock, is putting its $3 billion industrial solutions business with 30 plants and 13,000 workers up for sale. The sale is part of GE's broader effort to focus on its core businesses. Toyota expects to sell more than 10.2 million cars and trucks worldwide next year, a 1 percent increase from 2016. The automaker also plans a separate unit to develop compact cars for emerging markets. Network infrastructure provider Nokia (NOK) has agreed to buy U.S.-based big data analytics firm Deepfield, for an undisclosed sum, looking to help customers gain better insight into their networks and apps. WATERCOOLER https://click.response.cnbc.com/?qs=72079ec469882b7ff7e2d3e136344767911174ecc751caa3301afded6f0f5bd2066d4b2a404316b2 Ahead of tonight's release of "Rouge One: A Star Wars Story," here's a rundown of what viewers might want to know, including which Star Wars movie of the past would be good to see to better understand the spinoff. (CNET) CONTRIBUTORS https://click.response.cnbc.com/?qs=72079ec469882b7f212c0360bc0af99fce51fa23b37e33da0d8157caaab6e305736235186bbf9e67 https://click.response.cnbc.com/?qs=72079ec469882b7f212c0360bc0af99fce51fa23b37e33da0d8157caaab6e305736235186bbf9e67 Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=72079ec469882b7fbfad47fbd29a78d364ad9bc9f8c7fa228459856f9c52bbf9cfdf2467773ad002 @Matt_Belvedere https://click.response.cnbc.com/?qs=72079ec469882b7f7178c4260dde7f5fcaaebd801ee9e5e454087be252e0d884aac7b1b2a7949022 https://click.response.cnbc.com/?qs=72079ec469882b7f7178c4260dde7f5fcaaebd801ee9e5e454087be252e0d884aac7b1b2a7949022 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=72079ec469882b7f62d355497712b9e364399c1659945c1f1415da13e30950390fcc714b585b97a1 @peterschack https://click.response.cnbc.com/?qs=72079ec469882b7f473e14aefd9ba9378eb2e6470a990d7b8c5346e82f8651afb1f743a3e0b10f6d https://click.response.cnbc.com/?qs=72079ec469882b7f473e14aefd9ba9378eb2e6470a990d7b8c5346e82f8651afb1f743a3e0b10f6d Tom DiChristopherWeb and TV producer Feedback We value your input—use https://click.response.cnbc.com/?qs=72079ec469882b7f5122d93184f5037e76718feb091dd01021caf875157d910be2e05423c8c62f4d our simple form to let us know what you think. 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