Thursday, july 17th. Good evening, everyone and welcome. Political risks hammered stocks leading to a triple digit loss on the dow jones average and s p 500s worst decline since april. It began late morning with news a malaysia jet from amsterdam crashed over Eastern Ukraine. All 295 on board were killed. Immediately speculation arousal that the plane flying close to the russian boarder in an area controlled by separatists were brought down by a miss l. The stock picked up steam when the israeli Prime Minister instructed the ground attacks supported by tanks, artillery and naval guns. The dow fell 161 dropping below 17,000. Nasdaq all 6 2 to 4363 and s p 500 down 23 off 1. 2 . Safety seekers poured into treasuries sending Prices Higher and yields lower. Gold gained more than 1 , even the price of wheat rose because ukraine and russia are producers of the commodity. Unanswered questions about what happened to the boeing 777, what brought it out of the sky as it cruised above Eastern Ukr
Welcome. Political risks hammered stocks leading to a triple digit loss on the dow jones average and s p 500s worst decline since april. It began late morning with news a malaysia jet from amsterdam crashed over Eastern Ukraine. All 295 on board were killed. Immediately speculation arousal that the plane flying close to the russian boarder in an area controlled by separatists were brought down by a miss l. The stock picked up steam when the israeli Prime Minister instructed the ground attacks supported by tanks, artillery and naval guns. The dow fell 161 dropping below 17,000. Nasdaq all 6 2 to 4363 and s p 500 down 23 off 1. 2 . Safety seekers poured into treasuries sending Prices Higher and yields lower. Gold gained more than 1 , even the price of wheat rose because ukraine and russia are producers of the commodity. Unanswered questions about what happened to the boeing 777, what brought it out of the sky as it cruised above Eastern Ukraine at 33,000 feet. Phil lebeau has been follow
Mcdonalds surging nearly 5 after ousting its ceo. Wlas what is the new plan for the fast food giant . This remains the big question. And one hour from now, some huge earnings hit the tape google, amazon advisoryvisa biogen to name a few. Well have the numbers and instant analysis as well. A ton coming up next hour. Were just ramping up on the whole earnings thing. Digesting names like ali alibaba. The dow is up about 148 points this hour. That outperformance from a couple of individual movers. Boeing again in two days the stock is up Something Like 10 . The s p, meanwhile, up about half a percent. The same thing goes for that nasdaq buffeted from outperformance by apple and underperformance by alibaba. Lindsay bell from s p capital iq and our own Rick Santelli. Heather, you first, why do you think the market is picking up as the day has progressed . I think some buyers may have emerged after a january selloff. The dow still down about 3 on the year the s p, about 2 . We are coming off
Hour. If youre a regular viewer, you would know that. Well take you all the way to the close. Middle of the range so far in todays trade so far. You heard the brain trust. Pimco. You folks were having that last hour exclusively here on cnbc. Did they convince investors to stop pulling their money out of pimco in the wake of that shocking sudden departure of bill gross last week . Two Money Managers with skin in the game will tell us what theyre doing now. Thats coming up. A first on cnbc interview with nfl hall of fame joe namath announcing the creation of a neuro surgery center. Plus were getting the take on all thats been happening in the nfl, the controversy of ray rice and adrian peterson. You do not want to miss what he has to say. Joes not afraid to talk. Absolutely. Im sure he will have some thoughts and opinions about all those issues and certainly a lot of buzz as you can imagine here about that on the floor of the New York Stock Exchange. Right now, lets talk markets. One hou
2072 and change for a new alltime high. The nasdaq continues to march ever higher today up about 17 points right now. Were just about 5 now away from nasdaq 5000. 5 . Yeah, right . But think about how long its been. March of 2000 when it hit that mark and signaled the top of the internet bubble all those years ago and not close to that level since that time. And were wondering getting closer whether this number is making some investors nervous now. Hmm. Thinking thats the completion of this bull move. Right . Well debate it. We have a pair of heavy hitting ceos ahead. Joseph swedish as they change from wellpoint effective here and here to ring the closing bell and changing the Ticker Symbol and talking obamacare impact. Plus International Papers new ceo mark sutton in his first interview since taking the reins ago. So a lot to talk to them about. And again, more to get to ask, to see what they got out of this meeting with president obama. Interest dog see that poll during power lunch a