Stocks after starting out looking like it was going to be a rough week. Well see how friday finishes out but things are flat right now. Jack dorsey heading back to the helm of the company. Hell going to run things why they try to find a replacement for dick costolo stepping down on july 1st. Shares did pop on the news yesterday afternoon and you can see theyre up almost 5 in the premarket and as we said we will be talking more about that in a little bit. In addition alstom is defending General Electric deal to officials. The french Engineering Group is trying to sell its power business to ge. Reports of a statement of objection from the European Commission did not prejudge the outcome of the inquiry. Retalked about this on the show but they suggested qe needed to offer bigger concessions to win eu approval it needs to pay for an expanded recall of cars. In other corp. Gnat news we just talked about blackberry may put Google Android software on one of its devices for the first time. Reu
Stocks after starting out looking like it was going to be a rough week. Well see how friday finishes out but things are flat right now. Jack dorsey heading back to the helm of the company. Hell going to run things why they try to find a replacement for dick costolo stepping down on july 1st. Shares did pop on the news yesterday afternoon and you can see theyre up almost 5 in the premarket and as we said we will be talking more about that in a little bit. In addition alstom is defending General Electric deal to officials. The french Engineering Group is trying to sell its power business to ge. Reports of a statement of objection from the European Commission did not prejudge the outcome of the inquiry. Retalked about this on the show but they suggested qe needed to offer bigger concessions to win eu approval it needs to pay for an expanded recall of cars. In other corp. Gnat news we just talked about blackberry may put Google Android software on one of its devices for the first time. Reu
Portfolio because the most popular and widely owned stocks in america are getting pummeled. Were talking about amazon, facebook, google, apple, all losing ground again today after a red week. Last week those stocks have shed a combined 132 billion in market cap since the election. So at what point do these names become a buy or are they simply a notouch right now. Guy . Steve talked about this the last week, week and a half, about the great rotation and youre obviously seeing it now. When amazon reported, we talked about the potential to trade down to 700. If you looked at the end of last year it traded up to 700 a number of times before breaking lower at the beginning of 2016, so past resistance becomes support. Youre going to find now traded down at 710 today. I thought that was going to correlate with an s p trading down to 2025, and we did see that the night of the election. Here we are within a whisper of an alltime high. To me amazon out of all the ones that have flushed might be
You know, and the president s expected announcement tonight as he takes executive action on immigration policy as well, right . Thats exactly right. Bill, we were at the white house this afternoon. I can tell you people are buzzing about the fact that hes doing this. The questions it raises about the office. The executive action itself and what it means for the Business Community. And for the future of employment and wage growth in this country. We will get to all of those topics coming up. We have many important interviews to come over the next couple of hours here, including senator from wyoming, we have Mary Jo White, the s. E. C. Chair, Chris Van Hollen, the always outspoken and controversial Michele Bachmann coming your way as well. Youre going to be talking to the president s council of economic advisers chair, jason furman and in a separate interview this hour, we have John Barrasso from wyoming as well. A lot of things to talk about here, kelly, in terms of economic policy, pol
Uncontinued unrust in the middle east and saudi arabia raised the official selling price. Oil closed 2. 5 at 60 a barrel and over 20 at the last month. Jackie deangeles has more at the prices and where they are heading next. Cruise proiss crude prices are deg gravity. Todays priek fueled by geopolitics. Concerns in the middle east as a libyan port was closed by protesters. Technically the crude oil market was showing strength but we needed to get above 60. When you look at the supply situation improving and the pryuia production flat lining in the u. S. That was the factor that needed to take it above 60. Crude had bee flirting with above the 60 level, before it got there it shut down and will that continue. I think that we are over 60 well stay there it will stay there. We get demand for that in the summer and that is demand in the summer for crude oil. I could see 65 to 67 by memorial day. With the start of summer driving season there is a lag of spike in crude and the price at the p