Retail’s Big Holiday, Warren Buffett Rebuffed, and the S&P 500’s Best Month Since June
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 29 November 2019
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street. |
| 0:11.0 | Good Friday morning. Welcome to Squawk on the Street. I'm David Faber, along with Morgan Brennan and Mike Santoli. |
| 0:16.0 | We're live from Post 9 right here at the New York Stock Exchange. Let's give you a look at futures as we get ready to open a shortened trading session today, of course, this day after Thanksgiving. You can see we are looking for a slightly lower open on all the major averages. European markets have been open for some time. Let's take a look and see what the tone's been like over there. As you can see, other than the footsie, all ahead for the session so far. |
| 0:38.1 | Ten-year note yield, crude oil, you ask, and we always like to answer as well. |
| 0:42.6 | As you can take a look at our 10-year note-yield 178, and WTI remains below 60. |
| 0:48.4 | Let's get to our roadmap this morning. |
| 0:49.7 | It does start with, well, what you'd expect, the shopping surge. |
| 0:52.4 | Facing a condensed holiday season, |
| 1:00.0 | retailers raking in a record 4.4 billion online on Thanksgiving Day. This is ahead of, of course, what is traditionally the busiest shopping day of the year today. Plus, the final trading |
| 1:05.0 | day of November, and stocks pointing to a lower open on this holiday shortened session. |
| 1:09.6 | And Buffett thwarted the Oracle of Omaha's latest attempt to put his cash horde to work, |
| 1:14.6 | attempting to buy tech data, is outbid by Apollo Global. |
| 1:17.6 | We're going to begin with retail's busiest day. |
| 1:20.6 | And Parnie Reagan is at the Woodbridge Center Mall with what to expect this weekend as the holiday shopping season officially kicks off. |
| 1:26.6 | Hey, Cort. |
| 1:29.6 | Hi, good morning. |
| 1:31.2 | Happy Thanksgiving to you, Morgan. |
| 1:35.2 | So here we're starting to see the second wave of shoppers come out to the mall. |
| 1:40.0 | You know, they do those early doorbuster deals now at all the big box stores, the department stores. |
| 1:41.0 | That's on Thanksgiving. |
| 1:44.4 | You even had some early Black Friday deals as early as October. |
| 1:48.5 | Still, today is expected to be the busiest day of the year for retail. |
... |
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