Percent. The west coast ports are due to reopen today. Part of a lengthy labor dispute between shippers and dock workers union. If theres a shut down, the National Retail federation warns the u. S. Economy could face a hit of 2 billion a day. I asked jack lew about that in our interview. President obama will meet with Angela Merkel today. Theyre expected to discuss issues like russia ukraine, international trade, and Counter Terrorism efforts. Chinas imports dropping 20 from a year earlier. The steepest decrease since may of 2009. Exports down more than 3 . In europe the story is all about greece this morning. The countrys new africanamericanPrime Minister he promised to reverse some of the reforms imposed by greece by the international lenders. Setting up another standoff with the u. N. Back at home glean prices are riseing once again. The coverage cost of a gallon of regular jumping 13 cents in the past two weeks to 2. 20 and she warns the trend likely to continue. Prices still 1. 10
Is a classic stealth rally. It happened very slowly. We saw material Stocks Energy stocks moving up. 41, advancing to the declining stocks throughout the day its gotten better. Slowly to the close. Its just not the kind of year that has felt like a record high year yet. If things change and we should mention the dow itself is only 100 points off. It helps that cisco is having a great day. Semiconductors have had a great month as well. Meanwhile, tesla is running out of juice. They hit hard the founder says his Company Still will be worth as much as apple, remember apples worth 700 billion right now. He says thats what tesla will be worth in ten years time. Were going to look at tesla and apple and figure out which youd be better off owning for the next decade. The government seizing the personal Bank Accounts of Small Business owners without justification or accountability. This didnt happen in venezuela or cuba or russia but right here in the United States. The irs is now facing incre
Closed up some 8 . And then the tenyear yield still below 17. Six more weeks of winter but a Second Chance for the markets this year. Investors looking to kick off february in the green after closing out of january. Represented the worst month in a year. Lower oil prices pushing exxon mobils Fourth Quarter down, 21 . But thats still better than wall street thought it might have been. And a controversial call on super bowl xlix rivalled by some controversial calls by advertisers. For two ceos, it gets personal. But first up hoping to get their mojo back up. They posted their biggest monthly losses in a year. Blue chips down about 37. Nasdaq down about 21. January was good for socalled safe havens. Treasuries, their best monthly performance since 2011. Gold an 8 gain. Interesting month. Things like netflix, merck, unh still working, jim. Yeah, it was one of those market where is the domestic stocks did well. A smattering of high growth did well. A couple of big caps. But in the end, it w
And a greece exit of the euro weighing on futures this morning. Mcdonalds struggles continue. Asia continues to drag on results. And twitter now lower in the premarket. Were going to get jims take on those earnings from last week in just a few moments. But first up futures falling as we enter a new trading week. Greeces new Prime Minister vowing to roll back austerity measures and ruling out any extension of an international bailout. Eu officials pushing greece to stick with those terms. Also chinese trade data showing exports fell 3. 3 last month while imports tumbled by almost 20 . Meantime, the dow is coming off its best week since january of 13, a 3. 8 gain. For the year, jim, dow is up one point. Right. One point. Youve got to give us something good overseas. There isnt a single area other than maybe india, where youre getting any good news at all. China the import export numbers were not good. Whats going on there in china . I mean knock knock, whos there, no one. Theyre importin
Open lower by 37 points. Nasdaq lower by 2. Goldman sachs holding a technology and Energy Conference today. Yahoo ceo and twitter ceo are expected to give keynote speeches later on today. In other media news nbc news announcing it is suspending Brian Williams for six months without pay effective immediately. He personally admitted he misrepresented events about coming under fire while flying in an helicopter during the iraq war. While on nbc news friday january 30th 2015 brian amissmisrepresented events that happened during the iraq war in 2013. Then it became clear that brian had done the same while telling that story in other venues. She added this was a very hard decision. Certainly there will be those that disagree but we believe this suspension is appropriate and proportionate action. Brian has jeopardized the trust millions of americans place in nbc news. His actions are inexcusable and this suspension is severe and appropriate. appropriate. He says williams deserves a Second Cha