Everything went wrong that could go wrong for stocks, which is why the dow plunged 225 points. S p plummeted 1. 43 . The nasdaq nosedived. To understand what triggers a selloff of this magnitude, you have to recognize that this market has multiple inputs and at times, these inputs flash bright red. Today was, indeed, a bright red day. Lets go through the information that the market uses to determine prices on any given day, because i want you on the same page as me, understanding this stuff. First is what we call the macro, thats broad sets of Economic Data that trigger reaction of the stockmarket and the much bigger bond market. On thursday at 8 30, we get those jobless claims. They were the lowest in six years. Not so fast. Its good for the economy. But its not necessarily good for the stock market. What happens when we get really good macro news like these jobless rates . Immediately, Interest Rates go higher. You got to pay more to borrow money when things are improving. Interest r
People are looking for any comments on what is going on with the criminal probe in mexico. Also, one piece of data on Economic Data today. The retail sales report from march is due out at 8 30 a. M. Eastern time. And economists expect the rise of. 8 following 8. 3 advance in february. Thats the corporate news. I think our good friend Michelle Carusocabrera, even though shes here we have more on the international news. A deadline for prorussian militants have come and gone four hours ago. As a result, ukraine is threatening a fullscale antiterrorist operation if the protesters refuse to leave. They also offered amnesty to protesters to lay down their arms, but anyone who supported violence would be punished. And this hour there are reports of another Police Station being seized by prorussian forces in another part of Eastern Ukraine. Ukrainian Security Forces launch ed a plea and the group was reportedly involved in a firefight. This raises concern that is russia would use this as an ex
Wrong that could go wrong for stocks, which is why the dow plunged 225 points. S p plummeted to 1. 43 . The nasdaq knowsdived. To understand what triggers a selloff of this magnitude, you have to recognize this market has multiple enputs and at times, these inputs flash bright red. Today was, indeed, a bright red day. Lets go through the information that the market uses to determine prices on any given day. Because i want you on the same page as me understanding this stuff. First is what we call the macro, thats broad sense of Economic Data that trig ter reaction of the stockmarket and the much bonger bond market. On thursday at 8 30, we get those jobless claims. They were the lowest in six years. Not so fast. Its good for the economy. But its not necessarily good for the stock. What happens when we get good macro news like these jobless rates . Immediately, Interest Rates go higher. You have to borrow more money when things are improving . Interest rates reached a high t. Key governme
Incredible run for the market this year and also his take on this. A new highly polished bitcoin magazine. There it is. Being sent to homes across the nation. Remember, mr. Schwab invented marketing to Retail Investors. Well want to hear his reaction to this one. We certainly will. Huge news out of General Motors, tapping mary berra as new ceo. When will a major wall street bank do the same . Well take a look into that. Right now heres whats happening in the markets as we head into the final hour of the day. The dow losing some ground here, trying to hang onto that 16,000 mark but down about 26 points. The s p is giving up four. The nasdaq is down by three points as of now. 4,065 is the level there. Joining us in our Closing Bell Exchange is amy wu, jerry from platinum partners, mike santoli, and drew from hightower, and rick santelli. As we mentioned, drew nordlick to you first, whats going to take police between now and the end of the year . Scott, we expect to see a santa claus rall
Airlines is merging with u. S. Airways, creating the Worlds Largest airline company; and Warren Buffett is buying h. J. Heinz, the Biggest Food Company acquisition ever. Well have more on american in a moment, but we begin tonight with buffett and that surprising megafood deal. The billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for 28 billion. The private equity group and Buffetts Berkshire hathaway are paying 72. 50 a share in cash. Thats a 20 premium over heinzs Closing Price yesterday. Ruben ramirez reports. Reporter the oracle of omaha now has a new title ketchup king. For the first time, warren waomett, whos shifr ay working with private equity partners, is teaming up with 3g capital in a 28 billion deal close to 24 billion of that in cash and the assumption of 4 billion in debt to take h. J. Heinz private. Warren buffett is starting to get older at this point, and, in this case, hes having 3g handle the operational side of th