Trader Talk
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
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- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Tiger Woods Out of Hospital After Accident
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CNBC Reporter
The Group of 20 (finance ministers and central bank governors) signaled that while they would eventually be withdrawing their loose monetary stance, it would not be imminent.
That is pushing the dollar to its lowest levels in a year. Commodities are up (gold at $1,109 a new high, copper near a new high), the Russian stock market is up over 4 percent.
Not this year...and not next year either? James Bullard, the head of the St. Louis Fed, gave an interesting interview to the FT over the weekend, saying that historically the Fed had waited until two-and-a-half to three years after a recession ended before raising rates. That, he said, "would put you in the first half of 2012."
Elsewhere:
1) RadioShack [RSH
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] rises 10 percent following an announcement that the retailer will begin to carry Apple's iPhone in its stores. The iPhone will be available in a limited number of stores this month, but will be rolled out nationwide next year.
On the heels of that announcement and optimism over other recent wireless initiatives, Credit Suisse also upgrades the stock to "outperform" on expectations of stronger earnings growth.
2) Kraft [KFT
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] formally announced a $16.3 billion hostile bid for Cadbury [CBY
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]. While the cash and stock terms of the deal were unchanged, the deal is actually less than the consumer food maker's original offer as a result of Kraft's lower current share price and the weaker dollar. Cadbury rejects this formal offer, saying that the current offer is worse for the prior one.
One trend this morning: companies are seeing more tepid growth in the U.S., as sales at home continue to lag overseas growth.
3) McDonald's [MCD
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] is up 1 percent after reporting a 3.3 percent rise in October global same-store sales. While U.S. same-store sales fell 0.1 percent it was still better than the expected decline of 0.3 percent, Europe (up 6.4 percent) and Asia/Pacific, Middle East and Africa (up 4.7 percent) were strong.
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POPULAR TRADER TALK POSTS
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
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