Change. Its been nearly a month since the index ended in unchartered territory. We have much more on the nasdaq and the feds rate hike strategy and the market. Including which stocks are set to heat up this summer. It officially begins this weekend. But the real feature today is what . The dollar. Whats going on with the dollar . The first up week for the u. S. Dallas against the euro in five. Thats the real story. Well get you your own show on cnbc calling it the dollar and you. Dont tease me bill. The dollar actually making a move. Its up 1 after janet yellen. Its one of the places where you have seen the biggest reaction. A move. Lets talk about it. Back with us kathy jones from charles schwab. Whos with us here at the big board, Gerard Fitzpatrick from russell investments, ken mahoney, also with us here at the New York Stock Exchange Rick Santelli checking in. When you look at how the market responded, you didnt get a whole lot out of this did you . I think she just reiterated what
Which begins after memorial day when we hear from autozone tuesday morning. As i said last night, this group is one of my absolute favorites because the average car on the road in this country is 12 years old. Biis outright elderly in automobile years. Analysts are talking about anemic growth. But after the past that Advance Auto Parts a competitor got yesterday and today in the wake of its weaker than expected numbers, i think autozone needs to be bought if it takes its customary postearnings dip i tends to rally after the quarter. After the close attitude we heard from the ceo of work day. He was certainly bullish about his companys prospects when he spoke in San Francisco a month ago. Its another cloudbased Company Winning cloud market. Its a pin action company. Thats right, you get pin action off it. If it does well and the stock soars higher you should see Excellent Movement in the rest of the highflying tech cohort. Red hat, splunk. Coors has seen its estimates cut couldnt standl
The dollar is stronger. Gold is down sharply. All the markets telling the same story. And there are plenty of investors talking, joking perhaps about the property that they are looking at in greece in italy, across europe because if you want to theres the euro dollar today up another 1. 5 . The low 10. 09. 109 1. 09. Extraordinary to remember a couple years ago when it was at 1. 40. That will have a huge impact on their economy and on ours as well. Book your vacations to europe. Europe is on sale this summer. With just an hour to go before the close, a steep selloff. The dow is off almost 300 points. Off 277 this hour. It brings it to 17,861. The nasdaq is off 56. 4,926 for that index today. Here we go. Time for our closing bell exchange. Dorothy weaver of Collins Capital is with us today. Formerly of the board of the Federal Reserve bank of atlantas miami branch. Jeffrey cleveland from payton and regal. Our even Steve Liesman and Rick Santelli santelli. Steve, Pay Attention here. Are
Fears and german retail sales were no good either. The roadmap begins with the market and were set to open deep in the red with dow futures down triple digits and the stocks are on track for the biggest monthly drop since february of 2009. And walmart set to open in the red after lowering guidance for the Current Quarter and amazon and google going in different directions. Amazon slipping after Fourth Quarter earnings miss while google moving to the upside after revenue topped those expectations. Well start, of course, with the markets. Signaling a steep drop at the open as stocks aim for their first down january since 2010. Investors still worried about the emerging markets after a drop in euro zone inflation shows recovery overseas is still weak. Thats not counting walmart, mattel, mastercard saying not such great things about the consumer. Mastercard had expense issues. I really love that company so i want to separate that. I think walmarts doing poorly. But i think, carl, unless th
Transformers john frazier figured out how to flip cards pray we will bring you a closer look at the technology that he has developed. Microsoft chairman John Thompson is speaking exclusively to Bloomberg Television about the future of the company. Cory johnson joins me now in the studio. You know him from covering him over the years. Is the chairman of microsoft and took over for bill gates. I think the role of John Thompson at microsoft cannot be overstated. They clearly made some really big nonmicrosoft like decisions at the board level not least of all making the decision about a Senior Leadership change. John thompson was the guy directing the board to make the decision that put pressure on Steve Ballmer and will force him out even though he is one of the largest shareholders and one of the original microsoft guys. Clearly, John Thompson had a big role in being successor. How involved was he in nadella to be the ceo . He was part of the process. We saw is that anytime a name came u