Gaza, the vix up 35 . The markets on high alert. Well take a look at 2. 50. The dow during yesterdays session tried to hold up. Earnings have been pretty good. Yesterday Morgan Stanley was pretty good. Were always going to move on geopolitical events and yesterday a lot of people were just saying, can we do in this entire day we need a doover because a lot of disturbing things happened. Theres the vix, closing up 32 after trading even higher. Now some levels, obviously, but in past breaks, the vix has gone right back down. Well see whether thats the case this time around. Take a look at oil. Thats pretty well behaved, given all this everything happened in the world at this point. But still over 103. Here is the tenyear. The now 2. 48 , which you would expect as people move into the dollar. 2. 44 yesterday, yeah. Rushed through that to buy u. S. Securities. And then there is the euro and the pound and the yen. Check out gold. Which, you know, has been just difficult to really figure out
Earnings reports alone, even though this is the height of earning season next week. Thats why the game plan starts with russia. We needed to see something this weekend that makes it clear that the russians and the United States arent on a collision course irreversible after that tragic plain crash. We could be in the midst of a terrific rally and it might be wiped out by geopolitical events that are tough to get your arms around. I want to be clear about this. Im not saying you should sell stocks because of ukraine tensions. Im saying that others truly will though. Yes, some Financial Companies have relationships particularly visa and mastercard in russia, but a small percentage overall. Plus, global tensions lead to a flight to safety. Always happens. Which means a flight into u. S. Bonds. When people buy our bonds of course Interest Rates go down. And when Interest Rates drop, the Bank Stocks Fall too. Its just the way it works. Their earnings do better when rates are higher. Russia
Like indonesia closed higher. Road map goes like this, israel continues the ground offense with potential for significant operations. U. S. Officials concluded malaysia air flight shot down by Eastern Ukraine, by by whom is yet to be determine. Biggest oneday loss for the s p in three months. Stocks are trying to digest earnings from ge, google, and ibm as well as a 54 billion deal between abbvie and shire. A lot of news this morning. Israel continuing its ground offensive in gaza to stop rockets from militants. Benjamin netanyahu considering the pomt of widening the operation significantly in his words. We have a lot on the plate today, back at hq, hi, michelle. Reporter that annoyancement 1 a key issue this morning raising the level of uncertainty about the outcome of the situation in gaza. The Israeli Defense forces confirms to nbc news the ibf struck around 120 targets in the gaza strip since midnight. This is video released from last night. Idf says among them the targets are nine
Just why was that malaysia air flight flying over such a dangerous area and what has been the policy of all airlines that fly internationally with so many hotspots across the globe . We have phil lebeau standing by. Hes been looking into that. And for anyone who travels, you may be surprised about where airlines have been willing to go, at least until yesterdays tragedy. Then back in corporate america, two developing stories. Time warner trading above rupert Murdo Murdochs 85 offer, which was rejected. So, what does that say about what wall street thinks is going to happen next . Somebody thinks were going to get a deal. Yep, for sure. But at a higher price. Also, fedex higher today, despite being indicted by the u. S. Government, accused of being a drug mule for illegal pharmacies, saying fedex is knowingly shipping drugs to dealers and addicts. Well look at the governments case. All right, lets get you caught up on the markets. Weve essentially, as michelle was highlighting, done a r
The netherlands. Yeah, were watching that story today. Also today on the fourth anniversary of the controversial dodd frank financial regulation, the two authors of the bill are here exclusive. The law by many measures still incomplete in many areas. We will get the reaction of chris dodd and barney frank to where the bill stands today, the impact that its had and a lot more. Looking forward to that very mu much. Also, netflix bucking the trend today, trading higher by about 1 ahead of earnings that are due out about an hour from now. Netflix kicking off an avalanche of major earnings from some of the biggest and most Influential Companies on wall street. We will have the numbers, we will have the analysis, the market response, all of that that only closing bell can do, so dont go anywhere. Yeah, were really getting into the thick of earnings this week. After hours today. It picks up tomorrow morning. A lot to watch for. Heres where we stand on the markets right now heading toward the