And it doesnt look like well see nasdaq 5,000 today. Before all of this point talk the nasdaq 5,000 was the level we were really watching. Of course, we dont know what can happen in the final minutes but we are off 22 points on the session which puts us what do you say, about 35 points away from that key level. Again, the record closing high is about 5049. Not going to get there at the end of the february. That gives us a target for march. The same day, possibly, bob that we hit that level previously in 2000. Meanwhile, the biotechs have been a leaving driver of the march to nasdaq 5k. Up nearly 300 over the last five years. Some see a bubble in the sector. We will have a debate. And word came just a short while oak aboutago about the death of Robert Benmosche. We have about an hour to go. Lets get more on what has been a huge month for stocks. Joining our Closing Bell Exchange we have. Beth ann from s p and mike mcqueen of high tower. Of course, Rick Santelli always joining us. Mike,
Half a million more damaged. 3 Million People are homeless. Protests spread to new york city. Hundreds marched yesterday in manhattan to protest the death of freddie gray. More than 60 people were arrested. Police say they have warned marchers not to block traffic. In baltimore, no major disturbances. A curfew was enforced for a second straight night. Wall street once again reading Interest Rates after the latest comments of that bad. They still might boost borrowing costs before the end of the year. The fed said it expects growth to improve. Bill gross thinks rates will not change in june. Bill gross some would say if we get a strong employment report perhaps its back on, but i think it is off. They simply want to get off the dime and prove they are not healthy, but they can get out of bed and stand on their own two legs. Betty the fed has kept the benchmark Interest Rate near zero since 2008. Twitters chief says there is no dissension in the ranks at his company. It has been a rough
Willing to do it now, theyll be willing to do it later. Well have much more on johns interview in a moment. Later that evening president obama actually met with congressional leaders at the white house. But they are still no closer to a solution. The president reiterated one more time tonight that he will not negotiate. Weve got divided government. Democrats control the white house and the senate. Republicans control the house. We sent four different proposals over to our democrat colleagues in the senate. They rejected all of them. Weve asked them in a conference to sit down and try to resolve our differences, they dont want to they will not negotiate. I thought that they were concerned about the longterm Fiscal Affairs of this country, and we said, we are too, lets talk about it. My friend, john boehner, i repeat, cannot take yes or an answer. President obama is expected to speak on the shutdown today at 10 30 a. M. Eastern time and cnbc will be taking those comments live. Harry reid
Losses, but some encouraging pmis in europe, especially in spain. Our map begins with twitter. Being slapped with a big downgrade. Sirius xm moving the other way. Liberty offering to make the service a wholly owned s subsidia subsidiary. Apple reportedly snapping up snappy labs. Apple is close to breaking below its 50day moving average. And to buy jose banks, 57. 50 a share. Twitter downgrade. By Morgan Stanley to underweight from equal. Citing growinging competition from facebook and google. The call comes two months to the day that twitter priceded its ipo at 26 a share right here. The stock is now at 140 . This is scott, the analyst at Morgan Stanley. Wellknown. Helped take Facebook Public and now feels they have the advantage in this race. I think facebook, robert pack, sun trust, who was the first guy to say listen, twitter could be amazing. I criticized him, saying is he trying to get the jump . He was. He really pushes facebook today. He downgraded twitter before. I think people
Practices that created the wealth in the first place . New Yorks Cardinal Timothy Dolan about to tell us in an exclusive cnbc interview. All those stories and much more coming up in the kudlow report, beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. Its a pleasure to be back after the christmas vacation. We are live here at 7 00 p. M. Eastern and 4 00 p. M. Pacific. Obamacare coverage begins in just two days according to hoyle. Now about 2 Million People have enrolled in the plans, half from the federal and half from the states. But the question to ask is how many are actually enrolled and how many have actually paid . Only about 75,000 apparently has paid. And thats a long way from the administrations goal of 7 Million People that are enrolled and paid up. The question is will the Insurance Companies be pressured to cover everyone, paid or not, on january 1st . Nobody knows the answer to that. So lets talk. We have dan mendelson, avalier Health