Market today are reminding a lot of people about what was going on in the late 90s. Its a momentum market once again. In the dotcom boom and boost, you had dotcom companies soaring, even though the earnings werent there. Today earnings are there, which is the difference in todays momentum market. Theres a lot of momentum names out there but theyre rising for different reasons. Funny were sitting on the floor. Youre a trail blazer. We wont be at post 9. There wouldnt be a post 9 had you not stood on the floor 20 years ago today and did it as well as you did it. Congratulations. Thank you very much. I had no idea you were going to run those pictures. Oh, theres more. You aint seen nothing yet. Theres a lot more. Okay. Great. Well get to that throughout the show. Thank you for joining us today. The s p 500 rallying into unchattered territory. We want to look at the rally with dow and s p 500 in record territory. Joining us is anthony chan, brian jacobsen, and michael yoshikami. Thank you
When things seem so good. Weve been there before. Are will legitimate reasons to worry and find protection for your money . Well take a much closer look this hour, maria. Then the twiter sphere. Are they leaving money on the table or being realistic about its own financial expectations . Were debating twitter coming up. Obama care still sick. The current prognosis, the website will be fixed, they say, emp by the end of november. Really . How do they know it will be done by then . Im still having trouble, maria, signing up. More questions than answers but well try to get some of those answers this hour. Yes, we will. Lets check where we stand in the markets right now as we approach this final hour ahead of the weekend. Dow joendz industrial average has been steady for most of the afternoon, gain of 40 movements, fraction at move, 15,539. We had Economic Data out. Nasdaq looks like this, up 11 points, quarter of a percent, 3940 on the nasdaq. Very steady for the last couple of hours. S p
Number because this is the friday between the holidays. So you get that volatility. You should be in the heart of the santa claus rally. Maybe its going to the north pole . Maybe it is. While wall street hoverers near record highs, main street is pessimistic. Survey finding 68 of americans believe the economy is in poor shape. Whos got it right here . Wall street . Main street . Well hear from both sides. Im fascinated by that disconnect. The stock market definitely saying one thing and main street surveys telling us a very different story. Whos right or could they both be right . Right. Or what does that tell you about the world that we live in right now . Talk about that coming up. Heres how we stand right now though. The dow has been flirting with the unchanged level all afternoon. Were down five points. But its like the weather in denver. If you dont like it now just wait 30 minutes. It could change. Well see what happens here as we head toward the close. Any positive close will be
Covering the games will be covering that. Well go to kayla with some of the top stories. Dangerous element six weeks before the winter games are set to begin. Elsewhere in corporate america, apple is just saying no. The company urging shareholders to vote against carl icahns 50 billion stock buy back proposal. No word yet from the billionaire investor. Apple releasing details of tim can cooks pay. He took home 4. 25 million which is on par with what he made a year ago. He gave up 7100 shares tied to an annual performance award. That was based on august 2012 to 2013. The stock in that time lost a quarter of its value. Those options set to vest worth just about 4 million. So a drop in the bucket for tim cook but, nonetheless, there are some repercussions for the apple stock price. To anyone else thats money but chump change. He m us must have had a big payoff. 2004. Two waves, five years and ten years. He actually asked the board himself, can these vest on an annual basis equally and tha
Nightly Business Report for friday, march 28th. Good evening, everybody. Im sue herera filling in for susie gharib. And im tyler mathisen. Welcome, everybody. It is not over yet, but the month of march and the First Quarter of the year are just about history. And so far, wall streets performance has been about as welcome as this winters weather with the major averages swinging up and down like the temperatures but ending pretty much flat for the quarter. And its not just here. That same halting performance has been seen in markets all over the globe. So what trends outperformed in the First Quarter of this year, which didnt, and what lies ahead for the Second Quarter kicking off on tuesday . Bob pisani takes a look from the new york stock exchange. Reporter it will be a choppy end to a choppy quarter. Last years First Quarter everything was up 10 . This quarter will produce real winners and losers, what traders call a stock tickers market. Lets look overseas first. Many traders who wer