Screen is driven by not the feds comments, a little boring with the zoom box or retail sales that we got or housing numbers. But what is happening at the mornings Research Meetings all over the country today where the down gained 37 points and the s p dipped and the nasdaq lost 1. 25 . More on that later today seemed like it was dominated by the fed in the amazing snow flake ipo and as someone that helped bring the microsoft ipo to goldman sachs, i know a big deal when i see one. More on the demons the deal unleashed. We had a nice rally going today and thats about what is going on behind the scenes every morning they have a meeting where they pitch the sales force on individual stocks and entire industries as buys or holds or very rarely sells after the pandemic got rolling, almost every piece of research that came out cut numbers. For individual companies and suggested the situation would get worse. The conclusion ive never seen so many sell eric men dae eric men dae er recommendatio
High and oils worth watching on a cautious note. Best buy surging. Hows the turnaround plan looking now . Oil pulling back. Why goldman sees little upward price action for about a year. Toll brothers on the rise. What their report tells us about the housing market. But first up, the big surprise in best buys quarterly results. Up point 8. Guidance goes higher for the coming year. Its funny. A lot of people were expecting this would be a story about gaming, maybe weaker and cell phones maybe weaker. Guess what. They were weaker but appliances, which are on fire as we know from home depot last week, the appliance numbers extraordinary. Very high Single Digits and then something those of us who remember the old days, the housing days of best buy before the crisis, home theaters. People used to buy home theaters as part of the investment in the home. Its back home theaters very strong. Home theaters, appliances, but the end of it is wow. Theres a spend thats going on for the home that we w
Hans nichols is in the french alps one mile away from the site of tuesdays crash. That evening. Has there been progress . Hans yes, there has appeared as the sun sets on this ground behind me were the last helicopter appears to be taking off we have three important development. The black box that contains the voice recording recovered last night, Forensic Experts in paris believe they can retrieve the voice recording for that. Progress will be yielded from that voice recording. Francois hollande says they have recovered the casing of the second black box. This is the part of the recorder they used to log every bit of information from every bit of every part of the airplane. Number three the crash site itself while over to have disco hectares is small enough that the plane did not explode before impact. Two hectares. The plane slammed into the side of the mountain here in the french alps and that is where most of the debris is. None of the 150 bodies have been retrieved. The are still i
You had a sloppy fiveyear note auction for the treasuries today. That has served to push some yields higher today, so theres been a selloff in bonds on the long end of the yield curve and so many other things going on. You want to talk about some of the data weve gotten. That First Quarter gdp number doesnt look that strong and earnings. We have a lot to get to. Weve on a watch for a new high on the nasdaq. Not happening today. That index is down significantly. Its the russell thats up there right now and not the nasdaq, our old friend on the board over there. Interesting change. Youre right. They did move that. Look at that, down 22 points. Thats for us to worry about, not you folks. Another of the culprits moving stocks lower today, biotech looking very sickly. Look at that, 4 decline for biogen which just the other day was zooming on the alzheimers drug story and others are following suit as well today. Thats another sector were going to look at thats causing some of this selloff. L
Ge has more cash to do things with. Time and mens fortunes change. You go with the flow. Every time they do a deal, they say its great for both parties. Stock goes up in one case and down in the other. Ge is in one, can use the money, comcast in another and actually worked. Worked out well. Comcast has a great set of assets now a ge has cash to invest in what they want to do. We all do it differently in our times. Jack, we love you, on valentines day especially. Happy valentines day. Merger thursday with all these deals. Huge day on wall street. Almost 100 million in fees for the banks. Center view bank. Make sure you join us tomorrow. Happy valentines day. Congratulations to squawk. What a breaking news. Warren buffett making a big deal with heinz. Im Carl Quintanilla from the stock exchange. Kramer is off. We hope aol call in. Heck of a week to take a vacation, one of the biggest months for m and a. Yeartodate, m and a volume up 25 . Berkshire hathaway, 3g buying heinz for 72. 50 a s