On what were seeing on major heat waves. Well be exploring the markets all afternoon for the next two hours and beyond. Lets get more now on todays slide from bob pisani on the floor of the New York Stock Exchange. Bob . Hello, tyler, and what were seeing is a little bit of a reversal of some trading trends, specifically around the dollar and also to a trading around the dollar. Modest rally. Look at the dollar index moving down all throughout the quarter here. The lows recently. Thats reversed a little bit today and some people are debating. The dollar may have bottomed and that may have factored. Energy financial materials were weak today. You know what the market leaders are. Energy financials and materials this quarter and a very specific reap. Those are cyclical stocks. Very specific reasons why cyclicals have done well this quarter. Let me show you the q2 trade, the trade everybody is doing. You have the weaker dollar and combine it with a stable china and you combine that with o
Not to mention the fact that sentiment appears lower than its been in years. Blame it on slowing iphone sales or the watch, which hasnt been as big a blockbuster as some people had hoped. Ceo tim cook asked about it on 60 minutes sunday night. When we launch a product, were already working on the next one. Possibly even the next next one. So josh, you got cook on tax policy, you have sentiment negative. You have apple consistently defending the pipeline. You own the stock. Whats wrong with apple . Why are we talking about it over one month, a year, since the high is being down double digits . People forget, this is a stock thats prone to the sale cycle of new products like any other in history. When they do have a cycle, the stock acts very well. In the back half of a cycle, theyre just iterating old products, doesnt act quite as well. 2012 is a great year to re re reference. Were talking about this concept. 2013, rather. The russell 3,000 was up 40 and apple was flat to down the entir
Break fees. There is an uneasy calm in financial markets. Thats the warning from the bank of international settlements. B. I. S. Which says that a fed rate hike could trigger renewed panic in emerging markets. Getting the icahn service. The billionaire investor takes a 12 billion stake in Service Retailer pep boys sending shares higher after hours. Good morning, im carolyn roth. Coming up on the show, nothing ventured, nothing gained. Googles head of Venture Capital says Tech Startups are waiting too long to go public. Sweeping changes in venezuela. We assess the implications of a new government after nearly two decades of socialist rule come to an end. And can climate talks in paris propel us towards a greener future. The ceo of vestas speaks to us later in the show. Here we are kicking off new trading week. Off the 2 rally that we saw on friday. Its the biggest number that weve seen. The implied open looks like we are above fair value. Looks like the rally continues today. Industrial
The netherlands. Yeah, were watching that story today. Also today on the fourth anniversary of the controversial dodd frank financial regulation, the two authors of the bill are here exclusive. The law by many measures still incomplete in many areas. We will get the reaction of chris dodd and barney frank to where the bill stands today, the impact that its had and a lot more. Looking forward to that very mu much. Also, netflix bucking the trend today, trading higher by about 1 ahead of earnings that are due out about an hour from now. Netflix kicking off an avalanche of major earnings from some of the biggest and most Influential Companies on wall street. We will have the numbers, we will have the analysis, the market response, all of that that only closing bell can do, so dont go anywhere. Yeah, were really getting into the thick of earnings this week. After hours today. It picks up tomorrow morning. A lot to watch for. Heres where we stand on the markets right now heading toward the
Same. Were pretty much at session highs. At the high today, the dow was up 90 points. So, again, we are at 85. Yesterday we saw some buy orders on the close, so well keep a close eye on it here, and on apple, tyler, in particular. Yeah, it could close at 100 or so for the First Time Since splitting 7 for 1, and that means apple would be back at 700 on a presplit basis. Say that five times fast. Well monitor how apple finishes during this final hour of trading. And could we see dow 18,000 this year . Professor Jeremy Siegel thinks so. Hes here exclusively, with no surprise, a pretty bullish market call for this year, and for perhaps beyond. Well get into the details with him and talk about valuation as well, coming up. And how about that new deal from sprint . Did you hear about it . 20 gigs a month of data for 100, but there is one catch, youve got to be a new customer. So, what about someone whos been with sprint for years . Why do they have to pay more . And this isnt unique to sprin