Apparently to pay more than 30 billion for tmobile. What this now means for the industry and for consumers like you. First, though, lets check in with sue at the New York Stock Exchange. Sue . Good to see you, ty. Stocks are staging a bit of a rally on the back of the European Central banks move to take interestneglect territory. The dow and s p at record highs. Off our best levels but not by much. The Dow Jones Industrial average up about 95 points on the trading session. The s p is higher as well, as is the nasdaq, up about 41 points on the trading day. S p is up. 3 . The yield on the tenyear is 2. 577 . And look at the euro versus the dollar right now. And that is going to be a very interesting trade. Rick santellis going to cover that trade for us as well. Cnbc market analyst Kenny Polcari joins us. I want to turn first to whats happening at the s. E. C. Yeah. Mary jo white finally taking up the issue. What do you think . I think its great. I think its about time that somebody is g
S p futures up by just over 3. 5. The nasdaq up by 6. 5 points. Also in europe this morning, Philadelphia Fed president Charles Plosser pointing at the weather for a blurry economic forecast. As you pointed out, it has been very noisy. Weve had storm after storm after storm, particularly on the east coast. Its been very difficult to get a decent reading on the economy. I think its important that we sort of take a step back, be patient here, and not overreact to whats going on because we just dont really know for sure yet. The fed beige book yesterday citing the weathers impact on the nations economic conditions. Well see if weather is a factor in todays collection of economic reports. At k8 30 a. M. , we get weekly jobless claims. The economy is expecting a reading of 338,000 to 348,000 we saw the week before. And at 10 00 eastern time, the january factory orders report will be released. Thats a decline of 0. 3 is what economists are looking for there. Treasury secretary jack lew will
Mcdonalds. Both moving lower in the premarket with another chipotle. Another blowout quarter. Apple beats on the top and bottom line. More ipads sold, fewer i pads. We have dow components. Its not just an earnings story. Futures rising with chinese Economic Data and reports of stimulus measures in europe moving markets overnight. Cocacola did report Third Quarter operating earnings 53 cents a share, in line with estimates. Soda volumes did come in flat. Coke sees currency head winds affecting fullyear profits, announcing a costcutting program and achieving 3 billion in annual savings by 2019. The dollar, a sevenpoint head wind in q4. Thats the high end of expectations. North american down a quarter. Down 1 . Sparkling down net Single Digits and still down low Single Digits europe, latin america. A little bit better. Its a ghastly quarter. When people tell me there is a big mac row challenge to soft drink, i get uncomfortable. Why . You are not supposed to stop drinking soda. Soda is li
19 year old in the heart bleed Cyber Security breach case. The new York Attorney general has subpoenaed a number of High Frequency trading firms. And, the stock market makes big gains as traders prepare for a long holiday weekend. The dow had a triple digit run, the nasdaq up 52 and the s p 19 gold up 2 and oil 20 cents. Plenty of traders and investors out there are asking which way do we go . Were turning to todd horwitz of average joe options for the answer to that. Are you perplexed by this market . And is this just a matter of a lot of machines out there hitting these Technical Levels and then buying and selling . Good morning and whats up. I think part of it has to do with the machines but we did hit the 200 Day Moving Average in the nasdaq and in the russell which caused a natural rally. I think the markets are trading in a range and as we see over the last few days until yesterdays rally we had actually taken out the lower range for a while which was 1840. Now the market looks l
Im sue herrera in for susie gharib. Im tyler mathisen, welcome everyone. The talk today may have been soon to debut twitter but once again the dow proved its not a quitter. An alltime closing high, the 3 33rd of the year, more than a months worth of closing high. More Economic News to drive stocks but positive data out of europe didnt hurt. Microsoft helped too. A different story at nasdaq. The electric car maker tesla fell nearly 15 after yesterdays Earnings Report and forecast. Here is a look at todays closing numbers,c the dow up 1 points ending the day at 15,746 and the nasdaq lost act eight points and the s p 500 up seven. One point away from its own record closing high. Well, with the dow at a record, whats the one thing that could derail the rally . We will ask top Market Strategist joe duran what concerns him the most later in the program. Its almost here, the initial public Stock Offering for twitter. The most highly anticipated ipo of the year and a micro Blogging Service wi