Probably get today. Write down this number, 15,676. 94. Thats what we need for an alltime high on the dow. Especially what we need is a gain of 108 points. Were about 10 points away from that right now. All of this despite a dip in Consumer Spending last month. And Consumer Confidence numbers that were well below expectations. But yet this market continues to power higher. Absolutely. Weve got money moving into equities. Amazing this market is where it is just five years after the financial crisis. Here in chicago, we will be speaki speaking exclusively with hank paulson. Well get reaction to todays breaking news about the deal between jpmorgan and the Justice Department. But it may be coming apart. We to want get his take on that. Then former senator chris dodd and former congressman barney frank are both with me. They spawned the dodd frank regulations of course. As well as securities and Exchange Commissioner Mary Schapiro will be joining us in this hour. After the break ill talk wi
Just barely. Up 0. 13 at 3919. Mixed performance for technology. S p 500 tonight down four points, about a quarter of a percent finishing at 1767. The dow pulling back from an alltime high reached yesterday. Lets get to bob pisani on the floor of the big board. We had dueling fed president s. We had a drop because Dennis Lockhart came out and said, tapering could start next month. Put up the full screen. The market is hypersensitive to any talk of higher Interest Rates. Theres the dow moving to upside. Then they said it will hold. So it stort of came back. This is the forefront of the whole issue on the markets. Reits, emerging markets, housing, telecoms, ratesensitive, all down noticeably. Emerging market stocks, these countries have been hit hard, even modest increases in the overall numbers here. Just want to talk. Back to you. Thank you so much, bob. Tesla ceo elon musk is speaking to Andrew Ross Sorkin at the deal book conference in new york. Lets listen to this. With that jacket
15,5701 where the industrial average settles out. Nasdaq up 14. 5 points, a third up a percent at 3943. S p 500 at all time high, uncharitied testimony, 7 up 7. 72 , 1759. Sti stephanie link back with us, rich peterson, ken mahoney from mahoney asset management. This earnings story bob pisani was talking about is pretty compelling. How come earnings are seen rising 4. 5 , and interestingly, revenue looking at expectation of 4 growth there. Whats going on . What are you seeing within these earnings reports for the Third Quarter . Sure. As the beatles once said, its Getting Better all the time. The fact is when we started earning season when alcoa reported on october 8th we were looking for 3 , now 4. 5 . Eight of the ten s p sectors have seen substantial increases in earning expectation over that time. Four have seen more than doubling expectations from where we were 8 october 8th. Notably technology, materials, health sxcare and financials. Were seeing a boom. The fact is we get above
Street. Im scott wapner with jim cramer live from the New York Stock Exchange. Carl quintanilla and david faber are off today. Gdp at 4. 1 . Lets take a look at the futures. Theres the 10year. Everybody is watching the 10year yield, 2. 94 . Its a mixture there. Seu cutting the triple a rating by one notch on budget concerns. Our road map starts with what else, the u. S. Economy. The gdp coming in at 4me men4. 1 fastest growth in two years. And looking a blackberry, announcing a 4 million lost in the Third Quarter. Revenue for nike beating the street after the Company Reported revenue of over 6 billion in the Third Quarter. Revenues at nike are up and hit an alltime high just also a week. Do you remember where you were a year ago today . I do and so did bill ackman. On this day a year ago he laid out why he said herbalife is a pyramid scheme and the stock will go to zero. Its far from zero. Gdp revised upward from 4. 1 . Jim, this number caught a lot of people by surprise. Maybe not the
Now that the hockey match is over, a lot of people are focusing their attention on whats happening in ukraine. Plus more fallout of facebooks shocking acquisition. Kevin oleary said he might short facebook because of the deal. Coming up, a major facebook investor is here to tell us why he sold every share he owned. In a word hes now a zucker bear. His word, not ours. Bank ceos back in the media glare as the president complains about a minimum wage he says is too low. Bank heads are getting big fat raises. How big . Well, Kayla Tausche will be here with the numbers. Here is where we stand in the markets. The dow a off 10 points. The s p just fractionally lower. The nasdaq is just barely positive, up about one point, 4,269 is the level as we have watched it at its highest levels since the year 2000. And the s p 500 despite turning slightly lower is only 9 points off its closing high. How many times can we test that high again before it fails . Well keep an eye on that. Okay, kids, gather