But this rough weather is starting to have an impact on the Great American economy and Steve Liesman has some really great and interesting stats and facts for us. We are talking about the impact, everything from jobs to stocks as a result of the weather. Im Bill Griffith in for tyler. Great to be back on power lunch. Sue is ready to go with several big market stories. Its great to have you with me today. You mentioned the big nasdaq spike. The big caps and small caps are also making some very big moves today. You see the drop and the pop for the s p midcap index. A similar pattern for the small caps. Youll see that in the russell. You can see it right there, as a matter of fact. Down. 75 . Yeartodate the russell is down 6 . The midcaps down 5 . Perhaps we shouldnt be surprised given the gains we saw last year. Seema mody is live in times square to put some perspective on all of that today. Good afternoon. The nasdaq on track for its worst week since june of 2012, that adp report certai
What, 263. Wow. Down from 3 not long ago. All right, europe looked pretty good at least last time i checked. That continues to be the case. Largely green, of course. You had the nikkei up after the 4. 2 drop the day previous. Kind of going back around the world the other way as in positively at least so far. Lets get to our roadmap this morning and it starts with those markets which are preparing for as you saw a decline at the open after private Sector Employment data comes in below forecast. Also weighing on investors s p downgrades puerto ricos general obligation yesterday they go to junk level status. Merck misses by a penny due to patent expirations and ralph rawrn beat lauren beats. And twitter set to report its First Quarter as a Public Company after the bell today. And big news from cvs caremark announcing it will stop selling cigarettes and other Tobacco Products at its 7,600 stores by october 1st of this year. Whoa. That is an interesting story. Futures extending their losses
Lately is because the market changed its tune, gone are the days when you beat the bottom line it was enough to send your stock higher. Gone are the days when you beat the top line, gone are bit pitting the bottom line and raising guidance is enough to raise the share price. Now you need to best the earning numbers and guide them dramatically higher vndz a stock thats got low expectations or heavily shorted. Thats right, the gauntlet is demanding because the economy is slowed and getting slower according to much of the recent data. So lets go over whats worked this year. All right . Whats emblematic of success as we know it lately so you can rule out a lot of other stuff . Im talking about under armor, netflix, wynn, facebook, google, chipotle and michael coors, because those are all the stocks that flew to new highs, defying the averages that brought so many other stocks crashing to earth. We know a bunch of things going into the ar under armors quarter, which launched the stock into
Airlines flying into russia. I threat over terrorism in sochi while the olympics are going on. Thats beginning right now on the kudlow report. Good evening, everyone. Im larry kudlow. This is the kudlow report. Were live here at 7 00 p. M. Eastern and 4 00 p. M. Pacific. Even though it was a quiet day for the dow, still a lot of worries for the stock market in general. The economy, the weather. Sheila is joining me with the details. Good evening, sheila . Good evening, larry. Old man winter is striking again but first lets talk about the markets. Gains and losses ending the day modestly lower. The s p is off just three points. Some key Earnings Reports after the bell. Disney higher after handedly beating expectations. Thanks to hit films like frozen, different story for twitter slipping nearly 16 in the after hours after the very first Earnings Report as a public company. Headline numbers like sales and profits beat expectations but user growth was disappointing, up just 3. 8 from the
People may be cheering about. Lets look at futures. You can see it is a positive response to this after initially the market was selling off just a bit. No taper of the taper perhaps. Lets take a look at the tenyear talking about taper and qe. You can see not much change there either. And over in europe a reaction, not a reaction, how is the day working out . Well, pretty well after what has been generally a positive week for the various markets in europe. All right. Lets get to that jobs number itself, of course, and talk about it, jim. You know, Market Reaction now seems to be positive. Dont know what thats playing off of. Maybe the tiny tick up in the Participation Rate after being down more or less for decades it would seem. I dont know. When you listen to the coverage that we were hearing before on squawk, mr. Dortmund spoke and cvs and said the traffics not there because of the weather and the weather was the worst nationwide since 1977. Now, typically youve notes a ter ri asteri