Stocks are in the red, at least no now do you as much as check out movers, underarmour, soaring, earnings estimate were met blue apron rallying. And wayfair hitting new alltime highs. Climbsing about 6 in that time. All right. For more on the markets, le ate go to the New York Stock Exchange and check in with bob pisani bob . Tyler, 111 points in the dow, used to be big news a few weeks ago, but not anymore were starting to settle down. Im not saying its over yet advancing to declining stocks. The volume, surprising below average from what weve seen in the last few weeks, volatility is moving in a much narrower range. Trying to find some footings sectors, well, the market leaders used to be slightly to the down side. Banking are fractionally positive consumer staples, defensive group has generally been stronger all day here. Finally were following as interesting story from an anonymous whistleblower who has written a letter to the s. E. C. Alleging we dont have his name or what he does
Ill start with you, peter. You kind of saw this coming. You are a Global Market observer. You saw this coming in part because of the sharp move in Interest Rates. Everyone had been talking by the. 2. 5, 3 isnt a big deal. But i guess its the rate they were moving. From the very low level they started to rise. We hadnt observed a lot of Interest Rate volatility. So twoyear treasuries rates had not increased too much until september or october of last year, and they went up 1 . Frofrom 165. Charles what does it mean for the bus driver or Police Officer with a 401k . No one has seen this drop on the dow industrial average. The day on the market today was an overreaction to the moving rates. When you get a lot of market volatility, people start to buy treasuries again and rates stop going up. So this a reflexive move back into treasuries which takes away the reason people started to sell in the first place. Rates in our view will stabilize. The fundamental backdrop is fairly robust. We hav
And the warning signs from neighbors. The names and the faces of the victims revealed tonight. The hero teachers and the football coach. Sacrificing their lives to shield their students from the gunfire. And our interview tonight with the survivors. The children, the students here seeing the gunman in the hallway, hiding in silence in closets. And President Trump tonight, addressing the nation. What he says about Mental Health and the question he did not answer about guns. Good evening on this thursday night. And we are here in florida, where a dark and troubling portrait has now emerged about the horror that played out here a little more than 24 hours ago. You can see the massive presence here behind me, authorities are still here on the scene of this school, the buildings from that large campus, right behind those trucks here behind us, where children piled into closets, hiding in silence, texting their parents. So many of the students telling me today they told their parents they th
On cnbc. Im dominic chu. Im seema mody. What a big day it is. We had a massive reversal yesterday. All of a sudden its carrying through into today lets check the Global Markets this morning starting with the u. S. Futures picture were seeing quite a bit of green across the board right now the Dow Jones Industrial average will open up by 250 plus points the s p by 21. The nasdaq up by 56, 57 points lets check on the ten overtreasury note yield because it has been a very big battleground for many traders. Arguably one of the biggest driving forces behind the recent market volatility. Interest rates now, 2. 92 , multiyear highs for that longerterm u. S. Treasury note well see if that stays the game given todays other big inflation data coming out, the Producer Price index interesting that despite the rising inflation picture, stocks still ended higher we are higher premarket as well. Many asian markets are closed todayt for the chinese new year, japan did remain open. The japanese nikkei
Related charge but excluding items earnings still beat the street cisco looks to s s to repatria billion in overseas assets ubers ceo plans to expand the Ride Hailing Service beyond cars he says uber is to cars what amazon is to book stores he believes uber could be a marketplace for other forms of transportation, including public buses and bike sharing programs. I was with him in davos, he was sharing this idea that you would take an uber to a train, and then get off the train an then get on a plane an then get on the plane, get in a car, he would do the whole thing thats the idea. Uber eats, the leasing program, were those side shows to this idea that could you plug into the new york city mta Public Transportation system so if youre in an outer borough, the uber gets you, brings you to the subway, the subway takes you, you get off, maybe theres an uber pool that takes you to the office is this before or after flying cars . This would be before flying cars i think this is not complete