Yes. We havent run this business well those straight answers from General Electric ceo helping a big stock turnaround today welcome to the closing bell, everybody, im kelly evans at the new York Stock Exchange. Clearly a new sheriff is in town, that is for sure im Bill Griffeth. Well have more of that interview with the brand new chairman and ce o of ge, John Flannery and an analyst who says we could be approaching a bottom for the stock. It was down, what was it 8 this morning after those earnings. Down a huge amount. Started coming back. Then especially when davids interview was going on there live on cnbc, stock really did come back at that point. G, e shares now positive theres the Home Builders up more than 1 theres a new emerging trend among millennial home buyers that could prove to be a little bit of a risk to this market, would you say . Wouldnt you think . Well ask bill if hed do Something Like this for his kids anyway. Lets start with todays big rally, up 131 points on the d
Region. Maria president trumbull make a major trade announcement from the white house this wednesday following his return to washington. Meanwhile, knowledge blitz on capitol hill. Debate in full swing as republicans push to get tax reform finished by the end of the year. Dear congressman peter king told me he will vote no on this legislation. They are hardworking, middle and upper middle income people. The family may be making 400 million. They broke in her neck for the last 20 years. They are not hedge fund people. Im not going to vote for that. Maria the quest for a deal on organ hatches plan to introduce amendments to change 401 k contributions. General electric taking the stage in the spotlight this morning. The company said to hold an investor day in new york today look at the stock at 20. 79 a share. Among the top questions today. Will ge keep its dividend or cut it . What to expect out of a possible dividend cut this afternoon. Features indicate a lower opening for broader aver
Selloff, were implied to open lower by 87 points. The s p implied to open lower 8. The nasdaq down 27 having the worst day since brexit last june. The dollar has been in a slump. Kind of unchanged right now. 97. 50. Not long ago we were up above 100 and talking about going higher. Big reversal. The yields have been falling. I guess roiled by the stuff happening in washington. The tenyear below 2. 2 . 2. 188. How about europe. The nikkei down 1. 3 . Hang seng down 0. 2 . Shanghai down half a percent to 3,090. Over to europe, i love how they react to the weak day we had and set us up for another day of weakness. The chicken egg tail waging dog thing. Theftse mib down. The ftse 100 down 1. 5 . The german dax down about 1 . Here are the big stories were watching today. Well, there are a lot of did they do that on purpose . Did they do that on purpose . On your show, do you need a teleprompter . We dont have any scripts on our show. What is this today . This is like a half box bell . This i
Stocks is soaring. One trader says theyre leaving more room to run. On a day we saw s p making new record highs, we start off with notable names that have been, well, battling. Check this out. Heres a look at the worst performing dow stocks this year, verizon down 16 . Ge down 12 . Chevron down 10 . Exxon down 9. These names have another thing in common. Theyve all got fat dividends. Verizon has a 5 dividend yield. Ge at 3. 5 . Can a classing theory, the dogs of the dow, be your best bet as stocks hit record highs . Pete what do you say . I think some of these names havent been a part of this whole thing. Obviously, when you look at the energy names, we know how oil and that traded the capex is cutting back, all of that. When you look at Something Like exxon, when im excited, its holding the 50day moving average. They have very positive cash flows. Theyve done great acquisitions in the pervan and other parts of the world. I think its literally trading on the lows. I think the opportuni
Markets and its close to what we saw on friday, with the broader markets holding up ok, but tech is where you see the pressure. Saya yes, though i would that the dow and the s p are down with an they were on friday. But there is a big do virgins here once again as the nasdaq continues its steep selloff again today on continuing heavy volume for all three major averages around 60 . , as weelling volume here see many of the companies that contributed the most to gain these year now coming down. When i talk about divergence, here is the place where it is the most stark. The S P Energy Index as it was on friday is rising, up 7 10 of 1 . Very similar to the action that we saw with oil rising once again in todays session, helping to fuel the games in the energy index. It all of next awaiting of these groups. Some strategists and analysts have said that we are already seeing too heavy a dependence on tech stocks. Heres a look at the historic waiting. Comprising 23 of the s p 500 with Energy A