Overnight in asia, the nikkei was flat. The hang seng and the shanghai were slightly higher. In europe, in early trading right now, youll see there are mixed messages. For the most part the major averages are around the flat line. In italy things are down by 0. 9 . If you check out crude oil prices, right now it was up 1. 2 yesterday, giving back some of those gains this morning with wti at 54. 02. Lets get you updated on some big stories today. Earnings just out from Toll Brothers. The company earning 42 Cents Per Share in the first quarter. Revenue was better than expected. Home building deliveries about flat in dollar terms. Increased 12 in terms of units. The company says the average price of homes delivered declined due to changes in product mix. Carl icahn bought a large stake in bristolmyers squib. Its unclear how big his position is, but he sees the drugmaker as a potential takeover target. The report was released after they announced they would add three new Board Members and
Been 52. All that said, its still about the best the dow has done all year. Still a pretty lackluster start to the year. It seems, carl, as though we wake up well, see relative stability in china despite that off shore yuan rate. Then theres not that much to go on. Theres not that much buying sentiment in the market to propel it further. Were waiting on more data throughout the month, but so far lackluster trade. Overall, though, tech is not looking so bad. I always like to look at where a couple of key stocks are. Apple is up a full 1 . Intel up better than that. Semis not doing too poorly. Netflix up 1. 5 . This is not one of those markets where everything sort of is stagnant. As were going to talk more about later, some of the ipos, not doing so well. Etsy down 5 . Nearly 6 . We are going to talk with mike santoli about what the ipo market has been showing us. Etsy the poster child to some degree. Apple and siena all up. Apple, of course, is a big b of a call as they go to buy on ap
Do with where crude oil is at this hour. Take a look. Falling to its lowest level now since 2003. Taking some big name stocks with it. I want to show you these moves because they really are stunning. The moves in freeport, marathon, alcoa, williams. When you realize how much theyre down, joe, this year alone were talking 12 days. Not even 12 trading days. Freeport is down 45 yeartodate. Williams 32. Marathon, 28. Alcoa, 27. That is stunning. This seems to be the moment. This seems to be what we feared. This seems to be the 2008 moment for the natural resources, the energy, the mining names. Its happening right now. Its the reason why the s p 500 cannot rally. Its the reason why i believe were going to take out the lows at 18. 50 to 18. 60. We need a bailout for the oil companies. Youre not going to get one. Well talk about that in a little bit, but what happens right now . Why is this happening . Youre seeing the High Yield Energy names coming under pressure. That leads to significant
Emails, employer info. How much your stolen data is worth to cybercriminals. You will be shocked. And reaching a critical stage at the port. The l. A. Port saying it is days days away from a total collapse. We will take you there live. First, to sue at cnbc headquarters. Stocks are rallying shaking off any fears about greece and europe overall. Its not any old rally, either. This one is putting the dow and s p back to break even for the year, and the dow is on track for its best weekly gain in more than three years. Lets get you caught up on the numbers. The dow is up 142 points the nasdaq up 26 and the s p is up almost 14. Oil has been rallying throughout todays trading session. We are better than 6 to the upside on wti and ice brent is up 5. 5 . Bob pisani is on the floor. The important thing is the character of the action, what the leadership is. Rather than showing you the stocks, let me show you the sectors that are strong today. Automotive is strong another good day for them. We
How long will it last . And the trouble with twitter. The u. S. Central commands twitter account, as you probably know hacked. Its not the first example. At what point does it make no sense for companies to have twitter . Which ones should stay on it . Well talk about that and more, but, first, lets check in with sue at the new york stock exchange. Hi, sioux. Hi tye. Stocks are surging as we kick off the earnings season. The dow up triple digits about 145 points on the trading session. Make that 147. We were up more than 280 points earlier on this morning. A lot of volatility in oil, and thats one of the factors in this market today. Many others as well and bob pasani joins me on the floor of the nyse to give me some details. We were up more than 200 points and once again, chevron and exxon came in and was a drag on the overall markets, but were Still Holding up pretty well, and tech is having a great day, including down stallworths. Cisco having a great day as well. These are big move