Mcshane. Dagen corporations taking a hit from the flu. Fortyone states reporting widespread cases and that is keeping people home from work. Connell disney wants to help you keep track of your kids at the parks. Dagen brad pitt with a big announcement for the people of china. Hockey is back. Give me a hand. Connell happy birthday to Dagen Mcdowell today. Before we get too emotional, lets go to nicole petallides. Nicole happy birthday. I hope you have a great year ahead, dagen. The Dow Jones Industrials is about down 50 points right now. While the moves were not dramatic, they were down arrows. We saw the vix taking a breather, but today it is back again. I wanted to take a look at bank of america. This, too, has gone back and forth. It hit a 42 week high. This on some settlements with fannie mae. You can see here that stock right now is down about seven cents. Ultimately, people perceive it as good news to get it out of the way. Connell it looks like president obama is really gearing u
Melissa you can call this a comeback. Weveegot a rally going on. The best day for stocks this year, following a week of wild volatility. Bring in todays panel. Fox businesss own Charlie Gasparino and wall street journal veronica daguerre and James Freeman. Im gladdit is friday. It has been a crazy one. What do you think of this rally today . I think a shot in the arm by one of the fed people who was it . Bullard . Bullard . Bullard. Bullard . Tried to make it sound international. French. Melissa a little fancier. Any anttcipate have the guy is apparently more hawkish, being on the hawkish side, stopped adown draft yesterday from occurring. We were off marginally yesterday. I think it helped today, some decent numbees. Not one real ebola headline. Youuhave some woman melissa well, no, the woman vomiting in the parking lot. They stop everything in its tracks. Oh by the way i just came back from africa. That was a pretty big headline. If she actually has it, it is going to be a bigger hea
So the primary question is really no longer, what do we know . The question is what do we we colle tively we going to do about it . Welcome to the closing bell, im bill griffeths. Maria is back next tuesday. John kerry serving notice the u. S. Is preparing to act on syria. We are following escalating developments for you as the stock market is in the final hour of what looks to be the worst month for dow and s p 500 since 2012. I will point out markets response to syria remarks has been muted, also very few traders out there on this friday before labor day weekend. Seems there was a mild reaction to the downside. Bob pisani noticed when john kerry was taking a harder line, the dow dropped ten points. When he took a softer stance and reiterated no boots on ground, not openended, words like that, it seemed like the market came back to where it was prekerrys speech at the moment. Where were sitting at the dow is were off by just 0. 2 , down by 26 points. The nasdaq is down by 27 points. O
Officials are saying it will not be as damaging as back in 2010. The fire is located just 150 miles from that bp oil spill where that happened. Connell the rig operator is hercules offshore. The stock price today is down by a little more than 4 . Dagen phil flynn is in the pits of the cmb with more on this. It has backed off. As far as the Market Impact of this particular blowout right now, it is not that much. This particular well was not in production. We had this rig getting ready to prepare for more production down the road. They already knew that they had a problem with this well. It was trying to fix the problems that they already had with this well. The impact is about tighter regulation in the gulf of mexico. Regulations became a lot more stringent. There is a concern that a mishap like this could make it even more difficult to bring production online in the future. This is a Shallow Water rig. They have a lot of experience with tapping these kinds of rigs in Shallow Water. It
Melissa mortgage giant freddie mac is heating up just when the government wants to cool it down. Freddie mac is reporting its Second Quarter largest earnings ever today but is it the cash cow that it seems to be . Or is there a catch in there privatizing freddie and fannie mae may sound good to some but how hard would it hit and hurt the Housing Market. We have former senior visor to the treasury department. Great to have you back on the show. Great to be here. Melissa so the big question today, how do you reconcile the idea they come out and have this five billion dollars profit and looks like they are on fire. Doing great with all their mortgages. They have their mojo back and at the same time the president comes out gives a speech saying we have to wind thhse guys down . How do you reconcile those two things. Dont get distracted by the shiny 5 billion. We have still 50 billion in the hole, in the red from the bailout. Melissa they have a lost quarters like this to pay us back. Exact