Week on wall street and the dow component pretty much responsible for keeping the blue chip index in positive territory for the week as the Company Releases its iphone 7 smart phone. We will look at whether it is worth upgrading and whether the stock can keep rallying. Twitter moving higher after streaming its first nfl game last night. It was kind of cool. Pretty cool. We will get the ratings any minute now and tell you what they mean . And the government fining Deutsche Bank over Mortgage Securities probe. How does the government determine the extent of the fines . Lets start with a look at the volatile week. Would have been quite different outcome without apples gains. Bob pisani has the story. The biggest stock has the biggest gains. It not only moves apple but the entire stock market. The bigger stocks move the indexes more. Apple is the big one in this space. How big was the movement . Let me give you an example. The s p 500 is up about ten points this week. Apple is responsible
What gelljanet yellen does. The banks fell nearly 1 . Deutsche bank leading the way lower and with the fed meeting next week and the government probe of wells fargo leading up, are financials a no touch heading into next week . Dan, what do you say . Its not just whats going on with wells fargo and Deutsche Bank. You have two fed meetings. If we get a string of bad data, maybe its jobs data, maybe its manufacturing data, they may not go 50 50 in december and these banks need higher ranks for them to continue to go up. Like you said, mel, theyre down on the year. Its one of the worst performing s p sectors. I dont see anything that compelling. I dont see Interest Rates ramping up between now and the end of the year at any time to make net interest margins that compelling and i think it will be a political hot potato. I think the question is at this point do the banks have priced in they dont have priced in a hike next week, right . Thats over. That was there was thats over. I think ther
That were set just when those minutes came out. You were watching the yield on the ten year as well. It looked like people were anticipating, oh, this is going to suggest theyre going to be soon. So the yields moved higher and then, bam, they fall off a cliff right after the minutes come out and now they are back to where they were before. Market cant decide. As that dollar moved lower oil moved to a high we havent seen since july. The euro at a two week high against the dollar, all kinds of movements and benchmarks set today. Netflix announce ago 1 price hike for some customers and those customers may not be happy about it but investors are happy about it because the stock around around midday on that news. More details coming up. And we havent forgotten about the big story out of washington today, House Majority leader Kevin Mccarthy dropping out of the race for speaker. Now who could take that job . John boehner is going to have to stay there until somebody is elected. Who better to
Point trading range from top to bottom. Sglefr single trading day this year as youve said. Incredible were up 261 points. We should remind everybody in case you missed it this morning or some hugh a historic day. European central bank decides it will launch quantities taitz difference easing. Japan was first back in 2001. The u. S. Followed suit. Now its europes turn. The baton is being passed and markets are rewarding it. Say with us for a closing bell exclusive, david mckay in his first interview since becoming ceo. Much to speak with him about. Of course moved today by the European Central bank. Also canadas surprise rate cut yesterday. And they make a huge acquisition. National city bank today. He will tell us about it and their plans for the u. S. Denmark cut overnight by the way. Another surprise rate cut. Exactly. They have to respond. Its a cascade. A race to the bottom as it were. And when it has a gate at the end of it you know its big. And the nfls deflategate is now hit thi
Market when oil prices are moving lower hello and at the time that was often said, listen this is the wrong interpretation. Today we have Higher Oil Prices and a lower stock market. Well take a closer look at what was a formerly red hot group that has recently gone in the tank. Were talking about the utilities. Those supposedly safe stocks just about in bear market territory now, and if you watch this show and you read cnbc. Com you knew that the fall the decline, was coming. Well show you why and see if theres stocks are going to bounce back or just keep heading lower. This is key to watch for the entire rates discussion hovering over this market. Were also joined today by Robert Johnson, founder of the black Entertainment Network and the nations first africanamerican billaire. The hit tv show empire has a story line that seems to closely track real life events for johnson. Well ask him about that, plus his take on Net Neutrality and the income inequality debate. Plus a historic case