Look at google. Look at that stock up another buck, almost two. Ten year gain up more than 1,000 . Near its all time highs today. Is this stock worth 1100 . Maybe even more, do i hear 1200 . A lot of big movers today. Sue will tell you about some of them at the new york stock exchange. I sure am, thank you. Lets get a check of the markets, first. The dow is down a little today, about 78 points on the trading session. The s p is flat, the nasdaq is up but the big picture doesnt really tell the story today. So we have several really big movers. Remember when we used to talk taser . All the time, practically . The stock is up big today on new orders. Riverbed technology also up big as Elliott Management offers to acquire that company. Soda stream got an upgrade. The stock is bubbling higher and sandisc is up. Plus, theres forest labs, which is buying apdales and micron and constellation are up on earnings. Sales of Mckesson Corporation up as well. Fleer announcing a new product for smartp
After falling below that. Frances yield on tenyear, 1. 7. Italy, 2. 8. Its moved up as well to put perspective on that. As for europe and the equity markets in europe, relatively quiet session there. You can see lets call it more or less a mixed bag. Some decent gains out of the gate but a lot of stocks came from in highs. Tech, media, health care, outperforming. Tele comes, real estate and energy lagging. Our road map starts with investors weighing a deepening iraq crisis. New Economic Data as fed meetings begin. What would 110 oil mean for the economy . And can you hear me monow . Amazons phone only on at t. Details leak ahead of the big unveil tomorrow. And drama, intrigue, heartbreak in south america. Not usa ghana. Its the Supreme Court versus argentina. President of argentina calls it extortion. There is a lot for the markets to digest including a key gauge of inflation. Consumer prices rose in may by the largest amount in more than a year, uh. 4 , excluding food and Energy Price
New york stock exchange. Twitter finally going public today, pricing 70 million shares, 26 each. Thats above the expected range of 23 to 25. Company will raise at least 1. 8 billion and trade under the ticker twtr. The ipo values twitter at 14, 18 billion that, number still to be determined. Well talk with twitter Ceo Dick Costolo right after the opening bell, a lot of other special interviews throughout the morning. Youve been tweeting. How meta is that about just how overallocated this is . I did just about ten minutes ago, speaking to a number of Hedge Fund Managers this morning, who all of course are disappointed in their allocations but not surprised. But for 2 million you get 5,000. You put in for 7,000, you get 10,000. But theyve also been providing color buy as you might expect the underwriter goldman sachs. Ive heard the deal is about 30 times oversubscribed, which is a nice amount. And that the top, you know, ten holders got 50 of the deal, the top 30 accounts got 75 and 300
3. 25. S p gives up about five points, 1762. Battling back from lows. How much did that report burning up cnbc. Com right now about the fed keeping rates so low throughout the decade. How much did that play into todays action . I think it might have helped. I think the big story is the ism Services Number that came in better than expected. It was a good news, great report, better than expected but revived concerns about the fed potentially beginning its tapering program earlier than expected. You can see that with Interest Rates which, again, has been a topic of discussion for the last several days. Interest rates moving up again today on the tenyear yield. Over 2. 6 . Heading toward 2. 7 earlier on the day. Earnings front, number of interesting companies. Hertz beat but stock is down. There were concerned about the rental fleet too large. They beefed it up in anticipation that business would do a lot better. Didnt quite happen. The bottom line, a momentum stock, all year, topped out e
Was sparked by the Health Crisis, and those numbers are jaw dropping when we think about the human toll. According to johns hopkins, the number of cases worldwide has now passed 5 million. Nearly 1 in 3 of those cases are here in the United States. More than 94,000 americans have lost their lives. And now theres a new study by columbia showing if we acted a little earlier, many more lives could have been saved. Researchers estimate that imposing social distancing rules just one week earlier in march could have saved up to 36,000 lives. Putting the country in lockdown on march 1st could have cut the number of deaths by 80 . That said, we know the country wants to open safely with clear guidelines. Weve got them for business, but so far, none for churches or other religious institutions. It is apparently on hold due to internal arguments between the cdc and the white house. We have got a fantastic team of reporters spread out across the country to dig into all of this. And i want to star