President obamas new round of sanctions, warning that measures would back fire and bring u. S. Russian relation toes a dead end, causing serious damage. As for the russian market reactions, take a look. Stocks in moscow were down sharply in early trading. You can see theyre down by 4. 3 . Later in the show, senator bob corker will be joining us. He is a member of the Foreign Relations committee. Hes been calling for tougher sanctions on russia. Well have more of that coming up. Right now, lets get over to andrew with more of todays corporate stories. Good morning, becky. Ge, former parent of this network, reportedly seeking buyers for appliance unit. It tried to do this back in 2008. It scrapped those plans, though, given the financial environment at the time. Ges Ceo Jeff Immelt promised investors to divert interests that arent seen as core. The company is set to post quart ily results before the bell toll. Well bring thou to you. If you have a dishwasher or a washing machine or you k
1. 7. Markets, disappointing print on gdp. Ruble slipping overnight after yesterdays rally. Futures are in the red. Amazon stock is up sharply, results beat as profits returned to seattle. Google misses stock fell 3 . Then the Conference Call. Google shares higher in the premarket. Well tell you why. And visa posts strong results, the stock split, that stock also up. But first up, futures moving lower on the final trading day of january. Gdp below expectations up 2. 6. Weaker Business Investment wider trade deficit offsetting a nice pop in Consumer Spending. Chevron, mastercard among companies posting better than expected earnings but the major indices on track to post declines for a second consecutive month. We havent do that in a couple of years. Oil shooting for serve months down gold for three months up. Crazy times. Were the opposite of europe. Europe is fantastic for this month. A great stock market. Great stock markets there. Im struggling to find what stocks are fitting the fut
Those greek elections. Well talk futures, oil, the euro all bouncing off overnight lows. Americas largest home builder up more than 6 that is the stock and the premarket. And Apple Earnings on deck a report that apple sales in china exceed those in the u. S. Plus is apple pay at a Tipping Point . More on those stories in a few moments. First up though lets talk about these markets. Obviously a lot of people wondered what this morning would look like after the greek elections. The serisa party taking two seats short of an outright majority, but looks like they are going to have a working coalition partner. Are you impressed that europes not in the red . I think that the partner might be this greek far right wing. I know yes. And i feel that what this says to germany once again is look, this is the future. Unless you get it right, youre going to see extremism in these countries, which is making it so that draghi won last week in terms of qe. Now we see this. It just seems like everything
So were 15 points away from that or thereabouts. Sure. Getting close. Apple also hitting new highs. Its like a market of its own. We have the analyst who just hiked his price target on the stock to 150 and satisfiesys this company is on the way to a 1 trillion market company. In case you hadnt heard, the buzz is theyre working on a car now. That would be one of the new projects. Well look into that a little later. Lets show you how the markets are trading today. Hasnt been the most volatile session. A lot of eyes on the negotiations between the eu and greece on the debt negotiations. Something else we will talk about, but right now the dow is up 12 points. 22 points away from an alltime high. Do i have that right . Yes. The sn is p is up 1. 45 in record territory. Look at the nasdaq 5,000plus is the old alltime high set back in march of 2000 and, boy, are we getting cleser. These are the round level that is will get people talking, talking about the tech cycle this time whats different
Quarters that after the stock popped, a great quarter. Contingent to move higher. Stealth but will hit new highs in the short rum. Dr. J . Avago, lit up on our heat seeker today and we bought it. How about the nasdaq. Nasdaq is poised to close at a 12year high. If you want it keep an eye on that. Weiss, that has to be a bullish sign for the overall story, right . If technology hasnt participated that start to. Exactly. So many people in bearish technology. It is great you point that out. Nasdaq is associated with tech. I would continue to buy the quality tech names. That does it for us. Have a great weekend. Power start now. Halftime is over. Power lunch and second half of the trading day starts right now. It does start right now. And the rally lives at least for now, major indexes wiping out losses for the week. S p 500 touching multiyear highs. Rally, alive. A heart beat there. Dow back above 14,000. Even the nasdaq joining the party. It is on pace to close at a 12year high. Of cours