Here at the New York Stock Exchange. We will discuss whether the oip ipo market has gone flat. Netflix getting crushed after disappointing earnings last night. The shares are down nearly 8 on the session today. Someone who says the valuation still ridiculously high and he will tell us why coming snup lots of volatility on that one lately. A Sports Equipment Company Investing in new technology that it says could change the landscape for concussion injuries that we have all been focusing on so much recently. We have the ceo of this company, performance sports group, to explain the technology and the potential in the Business World coming up. Then after the bell, barney frank and larry kudlow together and both here at the New York Stock Exchange to discuss whether democrats are becoming too much of an lets start with first datas first day of trade. Bob pisani standing by. The payment processors post right behind us, not doing is well today, bob. The good news is it got done and they i had
What happens if the response is more aggressive and more violent. Hong kong, of course, is a vital city for global business. We will have a live report from the center of the turmoil and will be talking with some experts on where this may go from here. Meanti meantime, whens going on over there and here and affecting your money. Time for our Closing Bell Exchange today. We have sam stillball, larry glazer, renee norris, derrick gruden and our own Rick Santelli joining us, as well. Renee, you believe we suffered technical damage in the market last week. What do you think thats going to do here . Where are we going, do you think . You know, i am really watching that on top of the fact of a major divergence of the russell 2000 and the large cap index so i am watching that closely. I do think that this could be the Tipping Point for the correction. Between the geopolitical issues were seeing, this divergence and the fact that its a tired market. This is one of the longest periods of time w
Floor of the New York Stock Exchange have been thinking about all day today, late in the session over in germany, the dax index had been in rally mode until the very end. Look at that selloff. Fell out of bed. And finished with a gain of three points. Some of the traders are wondering if the same thing could happen here in this last hour with the dow up 108 points. Just something to think about as we go toward the close. Well keep an eye on that here. Meantime, also an hour from now, netflix will be reporting earnings. That stock has been up 38 just this year. Its now approaching 500. Its 474 right now. Could the earnings push it past that mark . Its been very volatile. Well have the numbers the moment they cross the tape. Well have some of the best analysis on wall street coming up as well at the same time. Also in one hour the treasury secretary of the United States, jack lew sits down with sara eisen. So much to get into with him. What does he think about ted cruz wanting to get rid
Markets now. Connell it is good to be with you on markets now. We will get to steve forbes in just a minute. We begin with stocks now. The dow is up a little bit. Adam shapiro is on the floor of the new york stock exchange. Adam good morning. The s p is still in negative territory. Apple is up over 2 . Just to give you some idea of who is winning and who is losing on the dow, cisco and ibm. Connell thank you very much, adam. The irs is still targeting tea party groups. Steve forbes says forget about it. Lets get rid of the irs altogether. Thank you for coming in. I think there is a growing consensus. I think we can get rid of it all. People realize it is beyond redemption. Given these scandals, why not just start all over. Start with a new culture, new tax code. Connell the flat tax. You have been talking about it for years. A lot of people support you. They think it is a great idea. It is very difficult in the current system, in washington. 30 countries around the world have done it.
Today investors dont seem to care about that. Theyre happy with the results. The stock is moving, having its best day in two years. Well speak to a major shareholder and ask how long that will last. That 7 for 1 split i think a lot will agree is a move to make it more eligible to be a member of the Dow Jones Industrial average if they have a smaller stock price at that time. Later this hour well be joined by qualcomms brandnew ceo, his very First Television interview. Also etnas ceo mark bertolinp. Dunkin brand ceos. Weather was a problem. But people need coffee still in the bad weather. And the Union Pacific ceo, jack koraleski. And there are a lot of earnings after the bell. Mega earnings news continues. Amazon, starbucks, microsoft, visa, pandora, just to name a few of the names that we will be getting Earnings Reports. She may be small, folks, but shell have it all for you in this 4 00 hour. Weve got our reporters geared up, instant numbers, instant analysis, know how it affects yo