Minutes. Ted cruz talks about the allegations that he was as been unfaithful. Cruz says the enquirer report is all lies. Chilling report from britains sky news. Isis is targeting jewish children in turkey. Kindergartens are a target. I will cause this a pause. Janet yellen speaking today. Investors hanging on every word. Varney company is about to begin. Stuart all right. Lets get on with it. First up the man who hijack ad egypt air flight from alexandria to cairo has been arrested. Nothing to do with terrorism, right, ash . Were not sure. It is very unclear. The Egyptian Government saying this individual very unstable, Mental Health issues. I would imagine that covers most people who hijack a plane. It was first reported he wanted to speak to his estranged wife in cyprus. Then he warranted release of female prisoners in egypt and then wanted to speak to e. U. Officials. The hijacker was arrested. Apparently there were no explosives on board. This was domestic flight going from alexand
Climate is impacting the outlook for the american economy, which includes everything from taxes to jobs to foreign trade. And these forecasts are something investors are watching closely since the economy only grew at 1 in the final three months of last year. Steve liesman breaks down the results of the survey. Interesting results from the cnbc fed survey. We asked a bunch of political questions and what you see is of our 42 respondents, 56 say the campaign is negative for the economic outlook. 5 say its positive and 39 say it has no effect. As for party choice, which party would be better for the economy, 18 say democrats and 40 say republicans but a large percentage says it doesnt matter or they are not sure, which is higher than weve seen in other surveys. How about the candidate who will be best for the economy here. Zero percent say sanders, 13 trump, 16 clinton and 42 Governor John Kasich is seen as being best for the economy. How about best for wall street . Similar results here
Climate is impacting the outlook for the american economy, which includes everything from taxes to jobs to foreign trade. And these forecasts are something investors are watching closely since the economy only grew at 1 in the final three months of last year. Steve liesman breaks down the results of the survey. Interesting results from the cnbc fed survey. We asked a bunch of political questions and what you see is of our 42 respondents, 56 say the campaign is negative for the economic outlook. 5 say its positive and 39 say it has no effect. As for party choice, which party would be better for the economy, 18 say democrats and 40 say republicans but a large percentage says it doesnt matter or they are not sure, which is higher than weve seen in other surveys. How about the candidate who will be best for the economy here. Zero percent say sanders, 13 trump, 16 clinton and 42 Governor John Kasich is seen as being best for the economy. How about best for wall street . Similar results here
Markets. Here in the u. S. , unchanged this morning. Now we are steadily moving lower and lower. If you want to take a look in my terminal, the bloomberg chart here, i have the dow intraday. You can see we took another leg lower and we are coming down lower now at noon as well. It looks like all the pressure is on u. S. Stocks as the european stocks slow at the close. Scarlet within the dow industrials, what is driving the measures lower . Matt we are on retail sales because of black friday and cyber monday. The biggest loser, for example, is nike. Nike is the biggest loser on the doubt. There has been in a lot of talk about discounting today. Piper jaffray is concerned about discounting. Under armour. People are concerned about discounting at lululemon. Maybe that is the reason you see the weight on walmart and nike. Watson did say that cyber monday sales would be of 18 across the board. Disney is also a big weight. We are here friday . Scarlet i was not here friday. Matt you were sma
Were presuming that everything is too high until proven innocent. At one point today precisely at 11 43 a. M. We saw sheer, raw, panic. The kind you get when investors just capitulate because they cant take the pain. The the house of pain any longer. It seemed like a crescendo selloff, thats what i like to call them as the averages rebounded in the afternoon and the dow slipping four points and the s p advancing. 1 and if we get the wrong employment number tomorrow, too strong or too weak, i think well see another 11 43 a. M. Like panic. What can you do . You know what i say . I say nobody ever made a dime panicking, but plenty of people have made a dime taking the other side of a panicked trade, a panic occurs when those with weak hands violently dump sell, sell, sell, sell, sell all their stocks at once, the good with the bad which allows you to pick among the rubble and maybe pull some babies out of the bathwater. So tonight im taking the other side of the panic trade and giving you