The media giant also announced it is removing its movies or will be from netflix and itll launch its own streaming service. We have someone who says launching a mini netflix could be more difficult than disney thinks we have a lot to talk about disney down almost 5 today. North korea, well get to that in just a moment. Mylan warning today its delaying product launches because of regulatory uncertainty. The latest data shows the drug approvals are on pace to set a record this year what kind of uncertainty are they talking about shares trying to stay positive well have the details coming up and blue apron is rallying ahead of its first Earnings Report as a publicly traded company, thatll be tomorrow the stock is well below its 10 ipo price. As you know, we have a debate on whether there is a buying opportunity ahead of tomorrows news look at that, its up 5 today well, its at 6. 11 right now. That would be a 30 cent raise. Lets start though with this very serious story, the tensions risin
Lunch. Im michelle carusocabrera. Checking the markets, s p 500 and the nasdaq higher, not by a whole lot. Shares getting high since late last year. Lower by nearly 5 on the back of earnings. Its not all bad news, however. Shares are surging. Chipotle over a oneyear high. Lets get back to the big market story that as brian moated check out the s p 500 over the last two months, flat, after a very hot start to the year. So what is taking the air out of this market . Bob pisani is going inside the numbers from the floor of the new york stock exchange. Bob, what happened . Reporter good to see you as always. Theres a dangerous uncertainty for stocks. Fiscal reforms are being pushed out. The hohn y moons over on tax cuts and less regulation and infrastructure spending. The president said he was working on tax cuts yesterday. The market ignored him. Weaker data to the Consumer Price index to the Producer Price index, Economic Data has been weaker. The odds for a fed rate hike 44 . Close to 6
That stock soaring today after meeting expectations on earnings. This company now has a higher multiple, higher market capitalization than wall administrator. Probably higher multiple, too. Yeah. Im sure it does, as a matter of fact. But is it justified . Well talk about that coming up, as well. Heres the markets right now. Final hour of trade on this mid ferm tuesday and the dow slightly higher after spending the morning in the red. Higher by 22 points or so. The s p though is negative off by about 5 and the nasdaq off by about 14 and talking about whats off today, bill, may have something to do with the midterms and a question to explore. The price of oil as you mentioned. Fouryear low for wti which well get to here and the closing bell exchange. Mark spellman joining us here at the new york stock exchange. Amy wu is with us. John manly. Kenny pulcari and our own rick santelli. Why isnt the low on oil putting more downward pressure on the stock market hand it has . Im on the opposite
170plus billion dollar company. Thats a huge move. It is and its incredible those earnings still could blow it out. A lot to do with frozen. We talked about it yesterday but the reaction initially was not as strong as what weve seen throughout the session. Its held up well throughout a volatile session. Speaking of volatility, look no further than oil. Remember the big rally weve been talking about and the price of oil, it has reversed itself. Its now given back all of the gains that we saw the last two days. The price of oil settling down more than 8 today. For a period of time it was down 10 just off the lows. Well talk more about that coming up. More market moving earnings also due out in an hour. We have 21st century fox today, Keurig Green Mountain under armour yum brands. Dont miss a moment of it. Were waiting for the big unemployment number on friday. Right now it stands at 5. 6 and the Unemployment Rate is a big lie. Thats not me saying that. That would be the ceo of gallup of
Unprecedented but it is rare. Well ask people about that. The industrials bounce back today and what appears to be a deescalation in japan, letting putin claim hes pulling troops back from the border and is calling for a dialogue on the crisis. Is the market reading this one correctly . And weve got jim brent coming up in the 4 00 hour. Hes some of the guys that gmo have been saying if you want to wade into an area thats incredibly cheap albeit risky its russia and gas prom. That trade paying off well today. Well talk to him about that. The russian market up 6 today after mr. Putin made those comments. Another big day for the earnings. After the bell, stand by for tesla. They lead the pack of my profile stocks and among them momentum players, could move in a big way based on those numbers. Also reporting an hour from now. 21st century fox. The move arm of what used to be news corp. Green money and it and many more so well get to those coming up in the next hour. Heres where we stand in