More fallout and reaction to our exclusive interview with billionaire investor Stan Druckenmiller. His critical comments about ibm prompting bill miller another famed investor to take to twitter in defense of big blue. We will show you what both said and hash out who may be right. Two very smart guys two very different opinions on ibm. And later today weve got tony robbins, his first book is out in nearly 20 years. Its all about money and gaining Financial Freedom, which by the way, coincidentally the same thing cnbc and this show is all about, but tony robbins will be here at the New York Stock Exchange later on closing bell. A lot coming up. Here is where we stand. An hour to go to the close. The dow is off 89 points. Weak session across the board. Earlier today it looked like a mirror image of the gains we saw yesterday. A couple of differing reasons as to why that may be going on. Maybe just some profit taking. A banner day yesterday with the nasdaq closing above 5,000. Today at th
Lawrence lindsay saying we could see a bond market tantrum if janet yellen and the fed dont raise Interest Rates. A new Study Finds Companies may be buying back stock at a record pace. However, corporate insiders are not. Thats interesting. Coming up well discuss whether thats a sign that executives believe stocks are starting to become too expensive right now. Watching the insider trade. Heres what we see, right now with an hour to go the dow is up 16 points. Buffeted by earnings today. The s p adding about 4 points. Nasdaq up 19 bill as we continue to get the pulse of the u. S. Consumer today. Lets get to whats going on in the world today in the world of finance. Our Closing Bell Exchange with some of our favorite people Jack Bouroudjian, Keith Fitzgerald from moneymorning. Com. Susan fulton from fbb Capital Partners and our own Rick Santelli. Rick, ill start with you because the markets response is interesting, maybe instructive. After the minutes came out, nothing happened. And in
Citi was not one of them. Well tell you what went wrong. Shares of lululemon on a rollercoaster ride. Rallying higher and then slipping lower in the premarket. Well tell you whats going open. And heres satya, the new microsoft ceo will make his first public appearance since taking the top job and hes getting ready to make a big announ announcement. Taco bell rolling out its new waffle taco and new breakfast items today. Well tell you exactly what, if anything, that means for the company and the competition. In the meantime, though, 25 of 30 banks have had their plans for increased dividends and stock buybacks approved by the fed. The most notable exception, of course, with citi, with the fed expressing concern about the banks risk planning. In a statement the ceo said the company is deeply disappointed by the feds decision but will continue to work closely with the central bank to alleviate its concerns. They do have 30 days to resubmit five years after the crisis. Still unable to sati
Warning that moscow is on a dark path to isolation soften the markets growth . Russian troops seized ukraines naval headquarters. One more notch up on the tension scale. Traders are watching,but it was what the fed did that drove them to sell. The main indexes closed down. They lost between 23rds and 3 quarters of a percent. Gold closed down again. Oil was up 58 cents. America continues to buy more and borrow more from the rest of the world, than other countries do from us, but as of late, not so much. The government reports the gap has shrunk now to a 14 year low. And, folks, claim your cash. The irs says it has 760 Million Dollars in unclaimed refunds from the 2010 tax year. That money is owed to nearly a Million People out there. But you gotta get moving. After april 15th, the irs gets to keep it. All those years of greenspan, bernanke, and now a Glass Ceiling breaker leading a News Conference for the fed. Lets talk with todd horwitz of average joe option. Com. I wonder if shes stil
We will follow that very closely. We will cross back to david tweed throughout the hour. You are covering Credit Suisse. You just sat down with the ceo, brady dougan. That is right, francine. They delivered a miss on net income. We were looking for a billion swiss franc. They delivered 859 million. West Wealth Management is the other side of the story. The question will continue to be asked should they rein in the investment tanks banks . Can they rollout for the provisions . He told me no. Credit suisse is down 2 . We will have more from john from zurich. Caroline, tesco is in trouble still. Is the second year of losses. A second year of declining profit. Moree seeing sales down than estimated in the fourth quarter, down 3 . They are very much sticking to wear their plan is, to revamp stores. They are cutting costs. There is a price war going on in the u. K. 200o is only throwing billion pounds at it. It could hit profitability, although a bit of release. It could have been worse. Chi