Dow march to 20K stalls, but Nasdaq powers higher
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=f3df71e604b8afdf203df2f565c7806c5c8f92e446b353beae7bee1b6130467c7ea45f682f2db4d39017930da225ced82b6f2a1178e5e36ce39a34c28cb3a87cCNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=f3df71e604b8afdf203df2f565c7806c5c8f92e446b353beae7bee1b6130467c7ea45f682f2db4d39017930da225ced82b6f2a1178e5e36ce39a34c28cb3a87c here. https://click.response.cnbc.com/?qs=2093f7b1dddc7d965532767e1e11f8754147d19314a08c00f10d31dd44f46615a432d574f4a27dde https://click.response.cnbc.com/?qs=2093f7b1dddc7d9683ae2de803455eab3bb0f54bdb7364d9d8651899e237a8e486422a52a340ad48 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=2093f7b1dddc7d9649fa228ea63b15503868986dd1ce25fba71915849de8e27704c8ff38d95df6a1 were drifting this morning, as the Dow's march to 20,000 continued to stall on Monday. The Nasdaq, however, closed at another record high, logging five straight sessions of gains. (CNBC) https://click.response.cnbc.com/?qs=2093f7b1dddc7d96ff3b024d7a1ebf72e1c1c54d49b78febbf1694ee7628df691ea3d5134ea19d2e https://click.response.cnbc.com/?qs=2093f7b1dddc7d961cf2a1dd58a4845ad7a91af6e36744608e3764f82ae18f965a1c589d895c4dfc https://click.response.cnbc.com/?qs=2093f7b1dddc7d964881c6e834d3c63e5c6e7861687a409844e1372223d6bf5eed25301d12442e19 Yahoo (YHOO) https://click.response.cnbc.com/?qs=2093f7b1dddc7d9690f3d4e3f918ba1c61a58342101feefbaba52c8faafba54c90c64d5f6992e95a will change its name to Altaba and several Yahoo directors will step down, including chief executive Marissa Mayer, following Verizon's (VZ) $4.8 billion purchase of Yahoo's core internet assets. (Reuters) https://click.response.cnbc.com/?qs=2093f7b1dddc7d96e4d740a6857be9193d917d8773cb0abf26a16cdf95624da66288cb2313b331e1 Alibaba is leading a $2.6 billion bid to privatize Intime Retail Group, which operates 29 department stores and 17 shopping malls in China, giving the e-commerce giant a firmer foothold in bricks and mortar. (Reuters)Jack Ma, executive chairman of Alibaba, https://click.response.cnbc.com/?qs=2093f7b1dddc7d968a2e7f2edb68f3690f498b03b23602745d141ea03dc2da512828f5017c061c22 met with Donald Trump to pitch the U.S. president-elect on how the company can create one million small business jobs in America. (CNBC)Sen. Cory Booker https://click.response.cnbc.com/?qs=2093f7b1dddc7d96b4bfc5517f21affc2b0ac8d6c35155aa87f1fa64220ace6e71a48f43dc491409 plans to testify before the Judiciary Committee against Sen. Jeff Sessions, Trump's pick for attorney general. The confirmation hearing for Sessions begins today. (NBC News)The confirmation hearing for retired Gen. John Kelly, https://click.response.cnbc.com/?qs=2093f7b1dddc7d962685ec6412424fae4fbdd1c729b5ee7a532de24799011121576e1a49160907a6 Trump's pick for Homeland Security Secretary , also starts today, with immigration and border security expected to be hot topics. (USA Today) Trump's pick for secretary of State, former Exxon chief Rex Tillerson, begins his confirmation hearing tomorrow. Meanwhile, https://click.response.cnbc.com/?qs=2093f7b1dddc7d96e5b49bc5d408c1b243ed6eeaa744e3872ef6f8f851c859184e326baa6f4179ae documents show Tillerson has investments in Chinese and Russian firms. (NBC News)Senior Republican and Democratic senators https://click.response.cnbc.com/?qs=2093f7b1dddc7d968681650c59556d7edd4f28fb05cfd5ae69b15d05e2462eb433f3c61ea9d75117 are set to introduce legislation today, seeking to impose a wide range of sanctions on Russia over its cyber activities and actions in Syria and Ukraine. (Reuters) https://click.response.cnbc.com/?qs=2093f7b1dddc7d96cf080bc2a7b78f9b44a6d62745dc957beb9b4b6e1821ec200a8f6e179dfa8116 Trump plans to name son-in-law Jared Kushner a senior advisor. But Ivanka, Trump's daughter and Kushner's wife, won't be taking a White House position for now. (NBC News) House Paul Ryan and top Trump advisors https://click.response.cnbc.com/?qs=2093f7b1dddc7d96076722b3376ee6656d85fc71d9eadb90d323f4550be4cbe7ff2fd4a7f7b7ff72 met last night to discuss a controversial plan to tax imports. Ryan and Trump generally agree that taxes should be cut for business. (Reuters)President Barack Obama https://click.response.cnbc.com/?qs=2093f7b1dddc7d96c8fdfae6bb6fed5b27c1e7de18fcfa0b21e5958e342b118ed56b63b1c09190ab gives his farewell speech today in Chicago. He's expected to tell Americans not to lose faith in their future, no matter what they think about their next leader. (AP)Vice President Joe Biden https://click.response.cnbc.com/?qs=2093f7b1dddc7d96c269879cd63f976657acf0e8f592241b34ba9785416e03fd5e0054680f6bca5f plans to start an organization aimed at changing the way the nation conducts cancer research and development and providing care to those with the disease. (AP)Soon-to-be out-of-work Obama https://click.response.cnbc.com/?qs=2093f7b1dddc7d968e713ab734d44ae2a6794f7a75df322d80636ba1195213237bac118f88da1663 got a job offer from Spotify CEO Daniel Ek to become "president of playlists." The president has previously curated playlists for the streaming music service. (CNBC)BY THE NUMBERS Stocks and commodities could see a final 10 percent melt-up in the first half of the year, followed by a https://click.response.cnbc.com/?qs=2093f7b1dddc7d96f5c3ce01179ca719103a97e31717ac5cd76e9a96cd59bf67abfa8c66af9a27c9 "meltdown" closer to 2018 , according to Bank of America Merrill Lynch's research team.The small business optimism index from the NFIB rose to 105.8 in December to its highest level since 2004, providing further evidence of new hope for economic prospects since Election Day. The Labor Department issues its November JOLTS, or Job Opening and Labor Turnover Survey, while the Commerce Department releases November wholesale trade figures. Both reports are out at 10 a.m. ET. Cybersecurity firm Barracuda Networks (CUDA) late Monday beat estimates on earnings and revenue, boosted by a 15 percent increase in active subscribers and a 13 percent increase in billings.WD-40 (WDFC) fell short of expectations on earnings and revenue. The company cited uncertainties in Mexico and Russia among the factors hurting results, along with currency factors.STOCKS TO WATCH Valeant (VRX) is selling three skincare brands to France's L'Oreal in a deal worth $1.3 billion. Separately, Valeant is selling its Dendreon cancer business to China's Sanpower for $820 million.Chemours (CC) has agreed to sell the historic DuPont Building to privately held real estate firm Buccini/Pollin Group. Chemours, spun off from DuPont in July, plans to then lease back office space.Rent-A-Center (RCII) CEO Robert Davis has left, a month after the chief financial officer departed. The company's founder and chairman, Mark Speese, has taken over temporarily as chief executive. Alphabet's (GOOGL) Google unit is in talks to sell its satellite business to satellite imagery startup Planet Labs, according to a Dow Jones report. Google bought the company for $500 million in 2014. Columbia Banking System (COLB) is buying fellow regional bank Pacific Continental (PCBK) for about $644 million, or $27.85 per share in stock.Pacific Continental closed at $20.80 on Monday. Hostess Brands (TWNK) voluntarily recalled its limited edition white peppermint Hostess Twinkies, because of concerns about Salmonella contamination. No illnesses have been reported, however. WATERCOOLER A frantic fourth quarter and a championship rematch between Clemson and Alabama was decided with one second left https://click.response.cnbc.com/?qs=2093f7b1dddc7d96fc739a6cf6157987b2344efffea8528084583d0595066f4677f950e0192bc4b2 in favor of Clemson last night, ending the Tigers 35-year college football title drought. (AP)Angelina Jolie Pitt and Brad Pitt have reached an agreement to handle their divorce https://click.response.cnbc.com/?qs=2093f7b1dddc7d96da0a267b38b39c8248e5ddf36ad137f92b270e9c9cf2e2994ac86f7827aee6b9 using a private judge , a move often used in high-profile splits to shield negotiations from public fodder. (AP) CONTRIBUTORS https://click.response.cnbc.com/?qs=2093f7b1dddc7d96b3d980bbf05bdc6c082ef2b622f6d2d0a4e84b95f49263d9e9ff1d5cfaaab09a https://click.response.cnbc.com/?qs=2093f7b1dddc7d96b3d980bbf05bdc6c082ef2b622f6d2d0a4e84b95f49263d9e9ff1d5cfaaab09a Matthew J. 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