Finishing at 1768. No new records for the dow or s p tonight but not a bad start to the week. Bob pisani following the action as olzalways. Now historic high for dow transport. Weve been talking about it all day, due to airline stocks. Historic highs on delta, u. S. Air all on the upside. Low oil since going back to june. Thats a big help. Thats what moved it forward. Speaking of oil, ive been talking about exploration and production stocks. Its the fracing plays and Companies Involved in fracing plays, northern oil, concho, they were strong all day again. The big surprise has been exxon. Theyve been dead money all year. Moved up again big today. Since earnings last week there were modest increases in Oil Production. Theyve been flat to down for years. They spent a lot of money on capital expenditures. Bulls are out saying we might see growth in Oil Production from exxon. That was 85 a month ago. Thats a big move for exxon in the last few days. Lets talk about housing stocks. Realology
And now may be out of a job because of bullying allegations. How do you manage a situation when it gets out of hand at work . First, though, lets go to sue at the new york Stock Exchange. Big turnaround today, sue. Absolutely. A huge turnaround. The day didnt start off well for the bulls. We were down triple digits. We have as you can see from the chart had quite a turnaround, now down 6 points on the trading session after a loss of 117 earlier on. One reason could be the oil market. Take a look at brent crude, down 2. 5 . Just in the past week. Gasoline prices are down. The thought is that is going to help the consumer. Lets check the tenyear, what a lot of people are watching, were at 2. 6 . Ash cashin saying if we start to see that creep closer to 2. 7 we might see fresh selling come into the market. Stocks remain near record highs a new king in the mutual fund industry. Pimcos bond fund no longer number one. Dominic chu is back at hq with that. Hi. Hey, sue. Its been years in the m
Safer so this was the scene of the crime. Irving picard gave us a tour of Bernie Madoffs 19thfloor offices, an impressive landscape emptiness. His desk was here. Safer picard has the thankless task of finding the money, the billions that madoff scammed. watch ticking Arlan Galbraith who called himself the pigeon king convinced hundreds of american and Canadian Farmers there was good money to be made raising the birds for food. And everybody we talked to said this guy washe was on the up and up. Nobody had a bad word to say about him. watch ticking stahl welcome to 60 minutes on cnbc. Im leslie stahl. In march 2009, Bernard Madoff pleaded guilty to perpetrating whats believed to be the largest financial fraud in history. He received the maximum sentence for his crime, 150 years in prison. But while madoff is behind bars, theres still much we dont know about the scam which involved, by some accounts, a fraud of more than 50 billion. Investigators are still trying to figure out who was in
It . Good breadth, means the stocks from many sectors are all going up. And you know what, theyre going up for many different reasons. We can learn so much from the companies that are hitting alltime highs right now from the s p 500. Do you know that 5 of the s p reached that fabulous mark today . When you consider the sectors theyre coming from, yo uh can understand why this rally is, indeed, so powerful and keeps refueling. Even as the s ps in the rare position of being up more than 20 going into november and that hasnt happened all that often. This is a remarkable rally because of how many different kinds of companies are going up. Perhaps most important, lets start with the ones that caught my eye. Are the transports on the list . U. P. S. And fedex to start. Think what happens to get these stocks to the alltile highs. First, Global Commerce has to be improving. Second, their costs have to be lower than expected because of streamlining and better cost controls because those lead to
Business. Chinas central bank promises to watch for inflation after the premier league sounds a hawkish warning. And initiating countdown sequence, india just minutes away from launching asias First Space Mission to mars, heating up a new global space race. All right. A warm welcome. Were into the twohour Worldwide Exchange again after the u. S. Changed their clocks over the weekend. Now, a lot of earnings out today. Details out in a minute. Nissan shares taking a big fall in japan today. The automaker cutting its profits down by 20 because of weak sales in asia. Well get the details in around 10 minutes. Helia is in london for a first on cnbc interview with the owner of Imperial Tobacco. Well get more at 10 20 cet. And in new york, the yearlong mayoral race draws to a close as voters head to the polls today. About frontrunner bill deblasio score a victory or is a lastminute upset on the cards . Plus, well speak to the italian finance minister about his vision for the future of europe.