Percent or 29 points. Thats where we stand right now on this monday. Well, despite disneys new star wars movie absolutely crushing it over the weekend, crushing all box office records, in fact, the stock keeps on falling. Its down another 1 today. So youre looking at trading since friday, if we can bring up that board as well. There we go. Down from the 112 range to the 106 and change range as we see today. And, mandy, the driver here has been the btig media analyst rich greenfields two cnbc interviews in two days. Watch this. Disneys earnings expectations for fiscal 17 and 18 are simply too high. Were 5 below the street for 2017. 8 below the street for 2018. Bob eyeinger is not being truthful about the ability for espn to go direct. Do you think more than half the households in the u. S. Would say i have to have this. Youre saying hes straight up lying . Were saying hes not being honest with investors. All right. There you have it. Lets bring in martin pyykkonen, Senior Research analy
Stephanie is going to be here a little bit later. We are going to begin this hour with breaking economic news. Two pieces of key data coming out with economic and decatur street and the university of Michigan Consumer confidence. University of Michigan Consumer confidence. It comes in and the secondhighest since 2007 easily beating estimates of 95. 9. The forecast was for monday for 94. A big jump in expectations going higher. People think the economy is getting better. Heres what is really going to concern the fed. Inflation expectations dropped significantly. The oneyear inflation picture was dead. 2. 6 were both at about 3 prior. The fed has put a lot more weight on the survey and the caterers than they are putting on market indicators like tips. If investors think they will have inflation, thats a problem. They think that is working the way into peoples psyches. The leading indicators common disappointing at two dents of a percent. 2 10 of a percent. The leading indicators is a num
Nsa. Molette green is there live. Reporter the Associated Press just reporting that one person has died in what it is describing as a gate crashing incident. This at the fort meade facility. At the gate of the nsa this morning. All of this happening during a confrontation between a guard and two men. Two men, we understand who were dressed as women attempting to enter the facility. Youre looking at live pictures right now of chopper 4 over the scene. All of this led to an exchange of gunfire. Again, both of the men, the suspects involved were shot. We also have video of a uniformed man being loaded into an ambulance from the scene. We dont have any condition on the injured but, again, Associated Press reporting that one person has died in this incident. Again, nbc news has been able to confirm what happened here. The investigation into the suspects vehicle found that there were drugs and a gun inside the car. The car being a ford escape. Weve also learned that the car was stolen. Regis
To intervene with his country right now and that seems to have taken the wind out of the sails. The dow was up 125 points at its peak today, and now up just 27, and the nasdaq has turned negative. The s p 500 in danger of reversing as well. Well keep an eye on that closely. Yesterday we put in the new closing high for the s p 500 at 1848. Today it looks that could be called into question. Of course, the nasdaq, and this, bill, will be the question, was losing some steam even before this round biotech was pulling back. All of that well get into. If 2013 was the year of the activist investor, is 2014 the year theyre overplaying their hand . Theres been pushback against the likes of carl icahn and nelson peltz. Sometimes even blistering public criticism. Now a battle with Darden Restaurants. We will have a special report coming up. Its very, very intriguing. Then a new report that shows employees of the s. E. C. , the securities and exchange commission, you know, the regulator of the stoc
Well, even santa claus is upset. Santa claus showed up on capitol hill wednesday, urging congress and the white house to strike a deal to avoid the looming fiscal cliff before christmas. Its discouraging that our elected leadership in congress cant come together to get the job done for the american people. Reporter both sides say its putting a damper on the holidays. I think its going to be extremely difficult to get it done before christmas. . In anticipation, there is no agreement. Congressional leaders told lawmakers not to make Holiday Travel plans. Were going to stay here right up until christmas eve, throughout the time and period before the new year because we want to make sure that we resolve this in an acceptable way for the american people. President obama and House Speaker john boehner continue to talk. But weve got serious differences. Those differences are already affecting americans. Fed chairman ben bernanke says just the threat of the fiscal cliff is dragging down the e