Its thursday. St. Patricks day. St. Paddys day. I guess i should go by kendis e gibson. Youre going to get a pinch because you dont have any green on. I do in some parts. Literally, the pants, dirty. How exactly are we going to go from this to the Supreme Court justice . . You make that transition, my friend. Well try. A lot of people are feeling green with envy because they would love to be in his position. That was pretty good. Others are saying they dont envy the position hes in. Its a tough one. Its going to be a raging battle over the president s nominee for the Supreme Court. Were talking of course, about Merrick Garland. He has meetings today with Democratic Senators who are all but certain to support his nomination. Those meetings the first in a long series of introductions. Abcs terry moran starts us off with more about judge garland himself. Reporter after weeks of anticipation, there was president obama striding into the rose garden, introduci ive made my decision. Reporter
Federal funds rate this year. Porsches top man is expected to become ceo amid investigations and lawsuits. Nike sees a 23 bounce in First Quarter profits thanks in large part to china. Get in line. Apple fans form queues outside of Stores Across the globe as the new iphone 6s goes on sale. We pick up on the trail of pope francis as he visits the big apple. And an equity extradition. Will the trader at the center of the flash crash allegations be sent to face charges in the u. S. . Speaking yesterday chair janet yellen saying that the fomc still expects conditions to be right to raise Interest Rates this year but she caveated that by saying if the economy surprises on the downside, judgments would then have to change. For most fomc participants including myself, we currently anticipate that achieving this condition will likely entail an increase in the federal funds rate later this year followed by a gradual pace of tightening there after. But if the economy surprises us. Our judgment i
First day. Different story for valeant. The pharma giant taking it on the chin on a report by a short seller. Western digital buying sandisk. The tech stocks that could be next on the chopping block for the next to be acquired. And scott wapner just talked with carl icahn. Hes taking his activism to a whole new level and realm targeting Corporate Tax reform. But we begin with the red hot ipo of the day, shares of ferrari are revving higher on their first day of trading. A bit of a rally in stocks overall. Were sitting at 12,290 but just earlier today we cracked above that 17,300 mark for First Time Since the august flash crash. It seems like were tracking for the best percentage gains since october of 2011 for the dow and the s p, bob. S p is up 6 for the month. A little bit of a stealth rally. Really tina there, is no alternative, no other places to put your money right now. I want to start with the ferrari ipo. 48 to 52 was the price talk. It priced at the top at 52. It opened at 60.
Forced down Energy Company shares in the s p 500. They fell 2. 4 today. 5. 4 so far this week. Fed chatter didnt help. Evans, dudley, lacquer, yellen, they all spoke. None broke new ground, but none quelled worries that Interest Rates may rise at the Central Banks next policy meeting in december. More on that in a moment. Meantime, the Dow Jones Industrial average fell 254 points to 17,448. Nasdaq declined 61. The s p 500 off 29 and is now negative for the year. Dow component cisco issues a disappointing outlook despite reporting a rise in profit. The Network Equipment maker earned 59 cents a share, 3 cents better than estimates. Revenues were also better than expected, coming in at more than 12 billion, an increase of 3. 5 from last year. But projected revenue and Earnings Growth were below estimates, and that initially pressured the stock in afterhours trading. Jon fortt has the key takeaway from ciscos results. Reporter one takeaway from ciscos earnings is that the guidance is what
In oil and gas prices that forced down Energy Company shares in the s p 500. They fell 2. 4 today. 5. 4 so far this week. Fed chatter didnt help. Evans, dudley, lacquer, yellen, they all spoke. None broke new ground, but none quelled worries that Interest Rates may rise at the Central Banks next policy meeting in december. More on that in a moment. Meantime, the Dow Jones Industrial average fell 254 points to 17,448. Nasdaq declined 61. The s p 500 off 29 and is now negative for the year. Dow component cisco issues a disappointing outlook despite reporting a rise in profit. The Network Equipment maker earned 59 cents a share, 3 cents better than estimates. Revenues were also better than expected, coming in at more than 12 billion, an increase of 3. 5 from last year. But projected revenue and Earnings Growth were below estimates, and that initially pressured the stock in afterhours trading. Jon fortt has the key takeaway from ciscos results. Reporter one takeaway from ciscos earnings is