The dollar is stronger. Gold is down sharply. All the markets telling the same story. And there are plenty of investors talking, joking perhaps about the property that they are looking at in greece in italy, across europe because if you want to theres the euro dollar today up another 1. 5 . The low 10. 09. 109 1. 09. Extraordinary to remember a couple years ago when it was at 1. 40. That will have a huge impact on their economy and on ours as well. Book your vacations to europe. Europe is on sale this summer. With just an hour to go before the close, a steep selloff. The dow is off almost 300 points. Off 277 this hour. It brings it to 17,861. The nasdaq is off 56. 4,926 for that index today. Here we go. Time for our closing bell exchange. Dorothy weaver of Collins Capital is with us today. Formerly of the board of the Federal Reserve bank of atlantas miami branch. Jeffrey cleveland from payton and regal. Our even Steve Liesman and Rick Santelli santelli. Steve, Pay Attention here. Are
If youre waking thup morning be, lets get you up to speed on the markets. The futures are suggesting a fairly negative open. Dow open lower by 130 points. Wall street is returning from a long Holiday Weekend which included no trading on friday and jobs report though despite their trading on friday which shows march payrolls raising 126,000. That was much weaker than expected. We had lots of people on the set on friday. Not a Single Person got close to the number. Everybody was above. All though everybody was below i was not. I was not above. I saw the thing. Everybody was below. Everybody was below the estimate. This is our thing. Not your thing. We do it every morning when it comes on. You cant duoover. Did you draw it yourself . I did. I drew the bottom part. The top part you like it . It was great. Every month i have to come up with something. I wont play the stupid. You see how productive it is. Like it matters what my guess is. Write down three numbers. Who cares what i i put pie
Not just the company that hopes for the initial public offer, could this company help a generation thats been disillusioned with wall street regain their interest and confidence in the stock market . Tweel you why some are banking 140 characters could launch a new investor class. Fingers crossed. The latest on that troubling incident yesterday in washington, d. C. More reports that the woman involved had a history of mental illness, even believing that president obama was monitoring her. All this reopening a National Discussion about Mental Health issues across america and if we have the resources to address those. Stay with us for more on that. Meantime, get you caught up today on wall street. Sitting near the highs of the session right now, as a matter of fact, with the dow up 43 points. No jobs number this morning. Didnt have that to think about. But weve had a bit of a bounce from yesterdays decline, back above 15,000 on the industrial average. Nasdaq has been stronger this week an
Right now and thats what the markets rallying on at the moment. Pore sure. Were focused on reopening of the government. Market continuing to see flows into stocks. Take a look at investors cannot take this weekend off. What happens at the white house between president s and republicans could determine what happens when that bell rings monday morning. If the deal goes sideways, so could this market. Well be talking with republican buck mckeon, who was in the room with the president when the talks began in earnest. Jpmorgan, they take a loss. Ceo jamie dimon not at a loss for words. Billions in litigation fees and legal problems swinging his bank to that loss for the quarter. Hes now speaking out, suggesting the government is not being reasonable or fair. Well have more on this still developing story coming up on todays closing bell. Lets check the stock market as we approach the final stretch for the week. Dow jones industrial average shy of the high of the day with a gain of 8 5 85 poi
Since 1950, there have been 17 other instances when the s p is up nearly 20 on the year. The index finished positive the following year 82 of the time. Positive the following year, the s p finished with a gain of at least 7 , 86 of the time. Given the rally, its not surprising that stocks mutual funds are set to see their first annual inflows since 2005. But not everyone is convinced or confidence in this run up. Investorers forward more than 21 billion into money market funds on fears of a potential pullback for stocks. Those came as investors pulled funds from the previous week. Now, we are watching the tenyear. Now, the bet was on the tenyear. I dont know if we want to do the bowing now or how we want to work this. You said they werent going to taper. Im out of this. I lost. Im not even trying. Listen, here is the deal. And even on that friday i forgot about the bet. But on the friday when it was supposed to end and it was the close of that day, it was less than two basis points hig