Thinking this whole kit and caboodle, it is getting real on the market. It is very hard to pry off. Hence todays action again. The dow is down. Nasdaq giving up and paint drying. And we are go to hear from a banker later on in the show. We heard about a weakening consumer today from the owner of darden. Which happens to be part of the mad money staff. Finished down 8. 9 . It yields 42 . But, that yield might not be the protection it used to be. That more than doubles the tax on dividends. We saw one of the biggest retail jugger nauts, the gap. Sales have become sloppy to surrender 3. 57 or 10 . Although that doesnt spell the death of retailers, we go off the charts tonight. And we witnessed downward pressure in the oil sector. Today is the first day when the group got any lift at all. So what do we do . Is it game over for equities should i go home . No, no, no. Let me first say absolutely not. We have to get either to a cliff resolution, or so the situation where no one expects the re
At this very moment, 3 00 p. M. Eastern. The last hour of trading. You will know that song, im having a bad, bad day by the movie despicable me. Quite a few are probably feeling that way right now. Low of the session for the Dow Jones Industrials down 312 points, we are just slightly off that at the moment but there is a lot more to this story. The Dow Jones Industrials tumbling to the 50 Day Moving Average and went below that, the gray line you are seeing right here. Now were getting close to a similar trajectory for the 200 Day Moving Average, and that is the blue line. It becomes problematic. Why does this matter . A closely follows the chart and what they do is they set they sell order to trigger once these levels are broken as they suggest a trend to the downside. The triggers has been hit, in the meantime we should mention auto sales which have had a huge run recently ran out of gas but not for every auto company. Ford and gm, yes, a drop in january sales due to the extreme janua
Dagen i went over to the fox sports studio because hannity was broadcasting. It was really cool. Don i saw it on tv. Dagen our usual attitude. There was a lot of adult men wearing jerseys. Connell nothing we can do at this point. Just angry about the stock market being down and all of that. Dagen the fourth triple digit loss in seven sessions. Nicole petallides has more. Nicole 1. 1 . The s p 500 down. 8 . The tech heavy nasdaq down three quarters of 1 . Clearly, 2014 has been a tough go at it. The worst month since may of 2012. The worst january performance since 2008. It just shows you, big picture, that we have had a tough beginning. A few names on the dow squeezing out a few names. Chevron, for example, at new lows. It is worth 28 negative dow points. We also had mastercard. That was a mess. Not a dow component, though. Connell thank you. Dagen the major market gauges expected to end their first january that is negative sense 2010. Is this just a sign that the world is bubbled up b
Neighbors homes toogive himself a little more space. It is all about privacy. Those stories this hour on markets now. Connell there we go. How is it going . It is friday. Dagen why are you being so friendly . Because you do not have to see me for the next two days. That is why. Lets get to the markets. Nicole petallides is at the new york stock exchange. Nicole taking a little bit of a breather after yesterday. It was a great day on wall street yesterday. Today will be a little bit more of a quiet type day. Yesterday we ran up pretty fast. You do not normally see that. We are seeing the dow up. We know that in washington they continue to try with the negotiations. The october 17 date is still something they are keeping in mind. Connell thank you. Dagen president obama will meet with the last of the four congressional caucuses over the debt ceiling. Connell Republican Leaders met with the president last night. They still do not have a deal. We have a Harvard Business School Professor jo
And americas favorite stocks, well talk about the biggest of the big names today and profile some of the sectors that have run up and the ones that still have room to grow. First check in with sue downtown at the nyse. Im looking at the markets, they are lower, but were off our lows of the day, down 70 points on the Dow Jones Industrial average. The s p is down 9. The nasdaq down 25. On a percentage basis the nasdaq is the biggest loser. Gold after a big move yesterday is down 8 on the trading session. The tenyear note the yield is 2. 48 and ice brent crude traded up just under a buck on the trading session. While the markets are falling a bit today, carl icahn is 825 million richer. Congratulations. About a year ago, he started buying up shares of netflix in the 58 a share range. Mr. Icahn bought a total of 4, 291, 000. Which led mr. Icahn to tweet yesterday, quote, sold block of netflix today. Wish to thank reed hastings, ted sa ran dose, netflix team and kevin spacey. Mr. Icahn stil