On. Walmart had its best day ever. And stocks will open lower again . Yeah, a big day. Varney company is about to begin. Hi honey, did you get e toaster cozy . Yep. Got all the cozies. [ grandma ] th n fedex one rate, i could ll a box and ship it r one flat rate. So i kn untilt was full. Youd be crazy not to. Is tt nana . [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. Every day were working to and to keep our commitments. And weve made a big commitment to america. Bp supports nearly 250,000 jobs here. Through all of our energy operations, we invest more in the u. S. Than any other place in the world. In fact, weve invested over 55 billion here in the last five years making bp americas Largest Energy investor. Our commitment has never been stronger. Here we go. Fire up the political spin machine. President obama kicks off a threeweek speaking campaign and starts today in washington. With an Approval Rating
Dropped out cattle. All that and much more at this hour of market now. All right. Good morning, everybody. I am connell mcshane. Dagen had to leave early today. I will take you through the hour. Nicole petallides imposition at the New York Stock Exchange to start us off. Nicole good morning. Three days last week that showed some stellar gains. Today, obviously, there are some frustrations. Last week what we saw was a winning week on wall street. We keep an eye on washington now as the october 17 date is looming. A lot of the traders i speak with think that they will somehow come to an agreement. Even this morning, that is what the traders were telling me. We will continue to watch the nasdaq. The only up arrow i see at the moment, other than the mix, is gold. Connell this kick the can seems like the best Case Scenario right now. Peter barnes is that the white house with the very latest. All eyes right now are over on the senate for a budget and debt ceiling deal after the white house r
Earnings from fedex, lennar, 2014 guidance as well. And then europe responding to the strongest german Business Confidence in 20 months. The biggest decline in u. K. Unemployment in 13 years. Our road map begins with anticipation waiting to see if todays fed announcement will include the t word, taper. Quarterly results from fedex missed estimates but the company boosting fullyear guidance. Analyd going public, amc. After the fed wraps up its twoday meeting this afternoon, investors will learn whether policy makers will wind down on the Economic Data. Complete coverage of the fed announcement and the chairmans News Conference on cnbc this afternoon, begins at 2 00 p. M. Eastern time. Jim, are you ready . Yeah. There is if youre the fed, you got to tough job. I am getting so many people sending me, jim, tell the fed i mean, tell the fed. Okay, fed. What do you want me to tell them . Its the holiday time, dont ruin our year . That is not exactly what bernanke is focused on or yellen. The
The market stocks are set to open higher and the spm coming off the best week of the year and well tell you if we are in for another green week in wall street. And teslas ceo elon musk met with the head of m a at apple earlier last year and as apple sits on the massive tech pile is the tech giant thinking about buying tesla. And activist agreeing to buy forrest labs in a deal worth 25 billion but in the midst of that 25 billion deal why is everyone talking about carl icahn . Stocks are coming off their best week of the year and the indices gaining more than 2 and the dow and the s p posted gains in six oat uut of the last seve trading days. Its eightday win streak will get your attention. It shaved a lot of the correction off. 1838, not far from the alltime high of 1850. Yeah. Its back to sort of climbing the wall of worry. Remember all those concerns about emerging markets and china and things seemed to have calm a little bit in japan a 3 move in the nikkei after the bank of japans le
Standard poors 500, another alltime high tonight at 1762. 20. Unchartered territory with the Standard Poors 500 with a gain of just a fraction. Bob pisani, three more trading days. Investors are hanging tough. Historic highs. The dow transportation index, two indices hitting historic highs. The others arent far away. I want to point out how amazing the rotation is in the market. Consumer staples is now stepped to the fore in the last few weeks to the upside. Hersh hershey, kimberlyclark, procter gamble. Put up the consumer names. The s p is up 4 . Look at these names, kimberlyclark, lorillard, clorox, one sector goes down, another sector steps up. Almost nothing is down much on the year. Take a look at some of the Consumer Discretionary stocks this month. You see theyve stepped back. Retailers like gap and coach, some of the restaurants like yum brands and some of the other housing names like whirlpool and some Home Builders are basically flat this month. The market keeps sort of rotat