As we used to say. Maybe we still do. We do. Of course we do. You can see there the dax in particular up 1. 69 off of not a bad overall year as we look at yearly returns. How is the tenyear note yield doing you ask . There it is. 2. 25. And of course crude and natural gas crude in particular, so important in the movement of the market, down yesterday. Market down. Up today, well see whether the broader equity market follows through. We have the latest s p caseshiller home price report. That was released just a moment ago. The results being shown, you can see them at the bottom of the screen. It looks like a decent october. 5. 2 annual increase based on what they saw in october. 2015. Verses a 4. 9 increase in september of 2015. San francisco, denver and portland continue to have the hottest housing markets in the country, at least at this point. Not a great year for housing stocks. Home builder stocks had a lackluster year when you look at the performance thus far. The open question fo
Floor of the New York Stock Exchange have been thinking about all day today, late in the session over in germany, the dax index had been in rally mode until the very end. Look at that selloff. Fell out of bed. And finished with a gain of three points. Some of the traders are wondering if the same thing could happen here in this last hour with the dow up 108 points. Just something to think about as we go toward the close. Well keep an eye on that here. Meantime, also an hour from now, netflix will be reporting earnings. That stock has been up 38 just this year. Its now approaching 500. Its 474 right now. Could the earnings push it past that mark . Its been very volatile. Well have the numbers the moment they cross the tape. Well have some of the best analysis on wall street coming up as well at the same time. Also in one hour the treasury secretary of the United States, jack lew sits down with sara eisen. So much to get into with him. What does he think about ted cruz wanting to get rid
Every morning here since the election. Fiscal cliff, big, big issue. There are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. How big of a problem would that be . That would be a big problem. I actually still believe that those the democrats, the administration, republicans in the final analysis dont want to see that happen. They do understand that not only would that present a problem in the near term as we went over the cliff at the end of the year, but we still then have the whole debt ceiling fight that would transpire shortly into the new year. The issue isnt simply the negative result of going over the cliff, but its also that business, consumers, everybody continues to hold back on the uncertainty. And we believe the economy is pretty well positioned potentially in 2013 if we can put this behind us. So i think a lot of whats going on is what you would expect to see in this negotiation, very public
Good Economic Data out this morning. Often when you get a new high you tend more often than not to get a high the second trading day and it looks like we could be doing that for the s p. 1910, 1900 was the new record closing high which is bringing up a different kind of conversation. Inflation, suddenly. Were talking about that. Were talking about the dreaded iwith the word and implications potentially farreaching from the fed to your investments. If the people were going to talk to are right, two top names, David Rosenberg and ian shepherdson, both of them coming up on the program. Yeah. Ive got some anecdotal evidence of inflation and im sure everybody out there does as well. Also, is this video holding up a 3 billion deal between apple and beats . Remember dr. Dre now infamously bragging on that video that he was becoming the first hiphop billionaire, but now reports say that this video could be why that deal has been dragging on, and we dont have anything. Well speak to the reporte
Qs which track are in negative territory. The big weight, one of the big weights is netflix. Down 25 in the past month. Its one of those stocks that move on no news, they move because they move. Today investors are paying a price. Sheila dharmarajan is at the nasdaq and is down the composite is down 3. 2 . Sheila . Ugly day here at the nasdaq. The composite and the 100 down by more than 2 . We just bounced off the session lows but keep in mind we are on track for one of the worst days we have seen at the nasdaq in two months. Heres whats amazing. This is a really broadbased selloff, not just biotechs or momentum names. It is weakness across the board here. If you take a look at the nasdaq 100, more than 90 of its members are in the red right now. So everyone is pushing the sell button on seemingly everything. Some particular pockets of weakness, though, got to talk about the biotech names. This is one of the groups that led the nasdaq up. Now today, the nasdaq biotech index is down by