The year where were overloaded with earnings information, most companies in the s p report this week. Remember that the professionals listen to every Conference Call check every model and do deep dives in each quarter which means that unless they get up at 4 00 a. M. And work until 11 00 p. M. They simply dont know about what should be bought and what shouldnt be, and i have to tell you, thats why a lot of mistakes are made. Thats why i tell you at home to stop, look and listen during these periods. As we try to run the gauntlet created by the cacophony of earnings season. Whats exactly in store for us for the rest of this week. Tomorrows all about apple and ten days ago the company made a major push into china and the worry is the sizeable chunk of buyers may have been margined out of this stock positions in the great crash of china and they migrate to the expense of iphone 6. Not this quarter, since it didnt include the chinese debacle and thats why it is so important not to trade of
The dow jones down nearly a full percent, the nasdaq down. 75 . The s p 500 is rebounding from session lows but we are still in the red. 3 , and lets move on to Oil Commodities getting hammered. Brent crude is slipping below 50 a barrel for the First Time Since january. There is concern that iran will increase supplies and the slowdown in chinese growth. 13. 66 for the last month. Nymex crude is lower on this monday. A quick check of gold gold trading your a fiveyear low. Goldman sachs says prices could drop a low of thousand dollars an ounce. Ride down forlong oil and gold. Checking on how the treasury i want toe trading see yields moving in the same direction. The two year yield has been slowly going up that gap. Many investors and traders believe we are going to see this Interest Rate rise in september. In the currency markets, watch the Commodity Currencies hitting the worst year, hitting the aussie dollar and new zealand dollar. Usurping the also earnings power of companies as we
High. Yes, down 20 otherwise. Now when oil goes lower, airlines tend to go higher in terms of the stocks as those stocks rallies today. Can you see that each of them most of them up over 2 . We have the number one analyst Airline Analyst on the street with us to day. Jamie baker. Hell give us his top airline picks. And president obama just announcing new Clean Power Plan which could have a major impact on the coal industry and basically industry at large. Weve got the ceo of American Electric power live. And the cit group is completing the purchase of one best banks parent company, cit ceo john than will be joining us to discuss that deal and the impact it could have on the lending environment. That will be a cnbc exclusive in a few minutes. In the meantime lets talk about todays Market Action joining our closing bell exchange, we have chase chief economist anthony chance us with. We have president of onpar executions and our own Rick Santelli joining us as well. Peter, the impact that
Market investor tells cnbc intervention is not the solution. They are desperate to try to keep this market up and theyre trying every rule in the book to do that. Unfortunately as we know the more they do the more uncertainty is imposed on the market. Putting the brakes on profits at major auto maker. Bmw warns of slowing sales. Analysts worry theyre stalling on reforms. This despite delivering better than expected Second Quarter earnings. Hi everyone im seema mody. Coming up on the show hes a man with a plan. A Clean Power Plan as obama talks tough on Climate Change were asking you what would you give the president for his birthday, which by the way is today. The numbers are in and its not looking good for hillary clinton. We unveil the results of the latest nbc wall street journal poll. Plus angry bird produces angry gamers. Find out why the app ruffled some feathers later in the show. Lets show you what greek banking stocks are doing and theyre open now for a second day after they w
Everybody, thanks for joining us, i am robert weissman, president of Public Citizens. We are here for a conversation about Rena Steinzors nuke wonderful book why not jail industrial companies, corporate malfeasance, and government inactio inaction, Rena Steinzor will speak for about half an hour and then Russel Mokhiber and i will talk about Rena Steinzors book and her remarks and we will open it up for discussion. The first step before we dive in, the starting point of the conversation is to recognize our country has an epidemic of corporate crime, abuse, and violence which we all suffer. Is evident in the financial crash that cost our country 22 million, above bp oil spill, worst environmental disaster in the nations history arguably, numerous food safety crises and disasters to kill dozens routinely, new england, pounding pharmacy scandal, Workplace Safety and health issues, work places across the country on a daily basis and much more and you have to step back and say we as a count