Reason why we rallied so hard today hallelujah the dow roaring 156 points s p gaining, its back to even. Nasdaq advancing. Ive got to explain this one. Ive got to. This move probably makes no sense whatsoever to anyone who doesnt understand stock rho tease, short squeezes and the concept of underownership of a given sector. Let me set the stage. This morning shortly after 6 00 a. M. , dow stock caterpillar, the giant Machinery Company, dramatically slashed its earnings, the guidance that it had for the First Quarter. Wall street was looking for cat to earn 95 cents. In the totally unnerving announce me announcement is the company said it could only muster 65 to 70 cents thats right, energy, transportation resource orders nose diving is the reason. It was an unmitigated disaster. The news immediately sent the stock, which had been redhot as of late down two bucks in Early Morning trading before the bell had rung. It was such a powerful slap in the face that the entire complex reversed w
Pulling out in part out of syria, isis still on the ground, putin says he has met his goals. Varney company starts right now. Join me in the white house to make our country all it should be. We are going to create an economy that works for working people, not just for billionaires. There is only one campaign in a position to beat donald trump and win the republican nomination. We will address our problems right here in our hometown and revive the spirit of america right here. You have to be honest, you have to be correct, and you have to be truthful, but you cant say whatever you want to say. Get out tomorrow and vote. Think about your children. Think about your family. Get out tomorrow and vote, okay . And they are voting up till now and donald trump getting a lot of the votes. Thats, of course, the candidates making their final push. Lets get to it. Florida and ohio primaries today. Lets face it, the last stand for marco rubio and john kasich. Look who is here, kat to join us and tal
Shares are falling on that news. Speaking about falling, we are one hour away from the close of trade. Stocks are heading for a second straight day of losses. Lets head straight to the markets desk. Julie that today decline is that twoday decline is the worst we have seen since february. It seems as though it is really on Global Growth concerns coming back to the fore. We had mixed Economic Data in the u. S. Today from the adp jobs report coming in a little below estimates. The Services Industry report beating estimates. Factory orders, as well. A little bit of a mixed picture. Friday is the monthly jobs report. Whats also interesting here is that weve seen a failure yet again of the s p 500 to rally back to its record levels. It is now only up about 2 10 of 1 on the year. Weve had these couple of attempts here. The most recent was about a month ago. It did not get quite as close as it has on other attempts and, since then, has been falling back. In todays session, in terms of whats mo
Reversed what looked to be a luck of the irish day to smell reassembling the potato famine. [ buzzer ] by the time the market had opened it was down less than a dollar. What is that about . Was that it down two bucks at 7 00 a. M. . Then one a few minutes, it was actually up, the stock was up in the black, and then it started flying. It only closed up 1. 56, 2 , one of the most startling of the most startling reversals i can recall in my entire career, even the company somehow did assert of rest of europe would be fine. Im sure this one made no sense. I listened all today. People were like, hum, uh, hmm. Thats because you dont know what was happening in this battleground stock behind the scenes and i do. Ever since this market bottomed failures died down and china stock market stopped being a focus, weve been rallies in the commodity market. The stuff you need to get metals out of the ground, and theyve been screaming. Then yesterday the Federal Reserve decided it was no longer plannin
Stocks of the big industrials are right here, and theyre the reason why we rallied so hard today hallelujah the dow roaring 156 points s p gaining, its back to even. Nasdaq advancing. Ive got to explain this one. Ive got to. This move probably makes no sense whatsoever to anyone who doesnt understand stock rho tease, short squeezes and the concept of underownership of a given sector. Let me set the stage. This morning shortly after 6 00 a. M. , dow stock caterpillar, the giant Machinery Company, dramatically slashed its earnings, the guidance that it had for the First Quarter. Wall street was looking for cat to earn 95 cents. In the totally unnerving announcement is the company said cents thats right, energy, transportation resource orders nose diving is the reason. It was an unmitigated disaster. The news immediately sent the stock, which had been redhot as of late down two bucks in Early Morning trading before the bell had rung. It was such a powerful slap in the face that the entire