Wall Street set for a pause after rewriting record books
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=aa45c68f2583747866645d8d3c9093e7e5ba80a40a74bce1bc7acfdc2b0bbc088a7e1f25e997c54f9e6e300798ca687db6c6aa57401645c701ebe45f1a90c874CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=aa45c68f2583747866645d8d3c9093e7e5ba80a40a74bce1bc7acfdc2b0bbc088a7e1f25e997c54f9e6e300798ca687db6c6aa57401645c701ebe45f1a90c874 here. https://click.response.cnbc.com/?qs=32d6fcef3fb9b73edc6d89d82300b0f33a902e5ddc7aec7402c308c448f584dfe2b93787e04cfb66 https://click.response.cnbc.com/?qs=32d6fcef3fb9b73edffd7e88ae957c5180827505a19a2a0453342552c2f1217295a87ab30d2b86d0 IN THE NEWS TODAY Futures point to a narrowly mixed open after one of the more memorable days for the stock market in recent years. The Dow, S&P 500, and Russell 2000 https://click.response.cnbc.com/?qs=32d6fcef3fb9b73ef1d6a04f13446dc869e20a266fa92fb3bbc7f41708fd799f3d424753b170a520 closed at record highs , and the Dow Transports joined the party with its first record close in nearly two years. (CNBC) https://click.response.cnbc.com/?qs=32d6fcef3fb9b73ed205f4856bf100978048334e6c7814192ac22fd50a006bc052490d08f5d8971e Oil prices inched higher on Thursday, propped up by a weaker dollar in anticipation of next week's Federal Reserve meeting and a decline in shares of U.S. oil. (Reuters) Investors are https://click.response.cnbc.com/?qs=32d6fcef3fb9b73ee5de0956338ec1a53b402bedb38605e8a52b61c43037c8a77065f7e60bb9edc8 eyeing the European Central Bank , which will issue a statement on policy and interest rates at 7:45 a.m. ET, followed by a news conference with ECB President Mario Draghi at 8:30 a.m. ET. The bank is expected to extend its asset purchase program. (CNBC) https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e4b70added5756661b8926537d8308d40d70d4a84fe6c02ea49cd6da8236359f3 https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e2fe70d66efd7d38677d22923fa9abacb9157480fc2771815b1df02050e176d2f https://click.response.cnbc.com/?qs=32d6fcef3fb9b73eaff2f78e55c3faac8809a96f46a0bc4614e2394f999e826ac49fd1984fdceed5 Apple is reportedly https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e4b14c938edf1086d63bd84912d8004642a7f6185f058e540f7925c743e11dafa in talks with major Hollywood studios that are interested in making movies available for rent as soon as two weeks after they hit theaters. Faced with increasing competition in the video space, the tech giant hopes the studios will use iTunes. (USA Today) https://click.response.cnbc.com/?qs=32d6fcef3fb9b73eb6923b6e38156c8ae3b9e9bc55cdff540c836ab149ea45ca6b92d5a18673f5cf Wal-Mart de Mexico said it plans to invest $1.3 billion in infrastructure and logistical developments, a perceived act of commitment to Mexico during a time of uncertainty after Donald Trump's election victory. (Reuters) "Super Mario Run," a https://click.response.cnbc.com/?qs=32d6fcef3fb9b73eb65b2313e71ba267818b262c9b4a0928a9483be68c79204a23fd44327fffc555 new Nintendo mobile game for Apple's iOS, is forecast to gross over $71 million worldwide in revenue during its first month. That's less than half of what "Pokemon Go" made in the same amount of time. (CNBC) Amazon denied reports claiming the https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e8640bd032a40b32a29a9dc06a9293f5ff9ba3b2172f481c9cb0656baed39ffc3 online retailer planned to open 2,000 brick-and-mortar grocery stores, several days after the company announced it would open Amazon Go, a grocery store with no checkout lines, in 2017. (CNET) https://click.response.cnbc.com/?qs=32d6fcef3fb9b73ef0148f4f76c5735698db58a5abb844dc46a3c792611149d5e3f2724799a3b144 Trump may keep a stake in his business despite formally handing the operational responsibilities off to his two eldest sons, sources said. (NY Times) A new https://click.response.cnbc.com/?qs=32d6fcef3fb9b73eed9c28f19713e27beb4b55fa7cccea6a0e4d9409b5f6ff7040b95073a3734fc7 Trump Twitter tirade targeted a union chief who criticized the president-elect for claiming he saved 1,000 jobs at an Indianapolis manufacturing plant owned by Carrier. The critic claimed the true number was considerably lower. (CNBC) Oklahoma Attorney General Scott Pruitt, Trump's tap to head the Environmental Protection Agency, is involved in a https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e7d1562bf88ce84e4a192e6fa2d081c421c1a2ab26bf54a19070d4a2f55a98dc5 pending lawsuit against the agency . (CNBC)Trump also picked https://click.response.cnbc.com/?qs=32d6fcef3fb9b73efd433f77202de6d0d9ac1bb978fed1f8878fd5cefdc8ff6adeef88658991ced1 Linda McMahon , co-founder of pro wrestling company WWE, to lead the Small Business Administration. (CNBC) Actor and activist https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e995903d31577fffe5c9315d06b60df2d5dda5b4234ce949154ac79de0abaf154 Leonardo DiCaprio and the CEO of his foundation met with Trump on Wednesday to give a presentation on how jobs that focus on preserving the environment can boost the U.S. economy. (AP)A federal judge https://click.response.cnbc.com/?qs=32d6fcef3fb9b73ecc792af9327ecc0344041d0183399ec6ee4a81fff01909a032ae60890392d30e revoked a mandatory recount order for the state of Michigan sought by 2016 Green Party candidate Dr. Jill Stein, solidifying Trump's win in the state. (Reuters)The https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e2196838085d9ab0441c5403e9c56f143a0d4b4aa9234cf1e79647503f14cf9cf Insurance Institute for Highway Safety tightened its standards for its highest safety honors, with only 38 car models from the 2017 year receiving the top score — down from 79 models from 2016. (USA Today)BY THE NUMBERS The Labor Department's weekly report on initial jobless claims is released at 8:30 a.m. ET. Economists are expecting 255,000 claims for the week ending Dec. 3, which would be down 13,000 from the prior week. The Energy Department is out with its weekly look at natural gas inventories at 10:30 a.m. ET. Sears Holdings (SHLD), Hovnanian (HOV), Hain Celestial (HAIN), Ciena (CIEN) and Toro (TTC) are among the companies set to release quarterly numbers this morning, while today's after-the-bell reports include Broadcom (AVGO) and Restoration Hardware (RH). STOCKS TO WATCH Lululemon (LULU) leads our list of stocks to watch, with the yoga wear maker reporting adjusted quarterly profit of 47 cents per share, 4 cents above estimates, with revenue also beating forecasts. Lululemon also announced a $100 million stock buyback program.Costco (COST) reported adjusted quarterly profit of $1.17 per share, 2 cents below estimates, with the warehouse retailer's revenue slightly below forecast. Same-store sales were up 1 percent, impacted by discounts and deflation despite seeing more shoppers.H&R Block (HRB) lost 67 cents per share for its latest quarter, 1 cent less thananalysts had been anticipating. Revenue did beat estimates for the tax preparation firm, which usually makes money only in its fiscal fourth quarter when the bulk of tax returns are prepared.Verint Systems (VRNT) earned an adjusted 59 cents per share for its latest quarter, falling short of estimates, with revenue also falling short. The software provider gave weak full year guidance as well, amid increasing competition in the cybersecurity area.Chevron (CVX) announced a $19.8 billion capital spending plan for 2017, the fourth-straight year of spending cuts for the oil giant.Bank of New York Mellon (BK) was unable to use the Swift network to process client payment instructions for several hours earlier this week, according to The Wall Street Journal. The outage began Sunday afternoon and was resolved Monday morning.Corning (GLW) announced a new $4 billion stock repurchase program. WATERCOOLER https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e3667e94730cbe8f17517e63c30740e36dd06149ddcad86599541cf7877742821 Cuba's government approved five major cruise lines for voyages from Florida to Cuba, the first trips of their kind in decades. (USA Today) China's highest court ruled in favor of basketball Hall of Famer https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e59968f77fdf25b5dfbb36a2c01d472b19aa7a6e55d01cf13d84c1e9453510bc6 Michael Jordan in a trademark case involving a local sportswear company that used the Chinese version of the athlete's name on its products for years. (Reuters) CONTRIBUTORS https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e30bf8287c0a00b71b243ad38d40ecbabb32938f7763b038a92160be4968d61ea https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e30bf8287c0a00b71b243ad38d40ecbabb32938f7763b038a92160be4968d61ea Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=32d6fcef3fb9b73eb9d29f33200a84df3b1f267403a19f301a972e749c31046128e759e98667a497 @Matt_Belvedere https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e4ef13ea65ed03d281f3eae783f49bbfb8a9d062fb220af83e84633523f73ba19 https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e4ef13ea65ed03d281f3eae783f49bbfb8a9d062fb220af83e84633523f73ba19 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=32d6fcef3fb9b73ebfbf2531d196223cf428a4b96b84b466ce54921ff1debdf471307f6f9ba64476 @peterschack https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e8dbbcba846cd24d89d95ceaf88b982d789226d127900893e33c083e7cc5563dc https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e8dbbcba846cd24d89d95ceaf88b982d789226d127900893e33c083e7cc5563dc Tom DiChristopherWeb and TV producer Feedback We value your input—use https://click.response.cnbc.com/?qs=32d6fcef3fb9b73e9cd46b06272fbf6b8fcb2b8b07d696f7053df482d62ffe4f997ffb1cb667c831 our simple form to let us know what you think. 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