The day today. Goldman sachs raised for example putting still dynamics to a buy from a sell. It shifted its rating. It was cautious originally but now the standout stocks that are worth keeping an eye on and buying as they say. Adam thank you, nicole. Lori a live look at the u. S. Attorneys office in new york where in moments they are going to unveil Insider Trading plea deal with sac capital capping a multiyear insidertrading probe. We will bring you this live. Charlie gasparino also on hand when the attorney general speaks. Adam we want to bring you the latest developments on blackberry. Dennis kneale has been covering this. Is this a surprise . Dennis it is a shocker. Now it was down 16 . The whole thing is what if they had a buyout and nobody even showed up . Those stocks selling off on that because the buyout is over and replacing the ceo. It is hard to think of a ceo who has performed worse. He bet on a touchscreen smartphone when the real keyboard was blackberry mainstay. He bou
Firms that might be now in the crosshairs. The stunning market rally continues right now. The scorecard, s p 500 up some 24 yearoveryear. Right to the floor show. The cme group, the nymex and the new york stock exchange. First, we really should talk about whats going on with Nicole Petallides and the transports. Once again we see another record high. Yeah. Its worth taking a look at the transports. When we see a record high on this particular group, the truckers, the shippers, airlines, railroads, they really are a great economic indicator, and youre seeing some of those names moving to the upside and look at the transportation index up about 1 as we noted. Yep, indeed. And chris at the cme, i know you watch those transports, but what does it say when you have everyone frommedrailroads to airlines and Companies Like ups and fedex and the entire market itself which again continues to move up . It really, to me, means a lot of Money Managers are reaching for risk right now. Theyve been o
Look at how its weighted. Theres a big move there with Microsoft Holding the gains. We hit the high of the session minutes ago. Much more on steve balmers resignation, but now, much more importantly, who gets the nod as his successor . If you got excited about a housing recovery, hold your horses for a moment. New home sales for the month of july fell 13. 4 to a 394,000 annual rate. That is the lowest number since last october. Rising Interest Rates, of course, could be the culprit with the 3 30eyear jumping but its important to remember monthly data are volatile and subject to large revisions. Remember, its just the opposite this week when we got existing home sales, totally opposite of new home sales, but that number jumped to the highest level since 2009 due to buyers racing to beat rising Interest Rates, but, again, we dont see that with new home sales. Interest rate on 30year mortgage nearly doubled since may to around 4. 85 , still low a fox exclusive with the ceo of the First Ho
The government. Not talking about growth in the government, right . Not to create more conflict between you two. There are two ways to two kinds of people in the world. Thats why im on this side of the table, joe, with you. Thinking about it. In washington right now, they i would say there are some people that are more interested in growth in the government than growth in the private sector. Well, look, again, im not a politician, but i want to focus on good, economic growth. Good Business Growth and how do we get back to the days that we enjoyed . Bob, thank you so much for being here. We hope to see you again soon. Thank you. Ive had a great time. Great visiting with you. Does it for us today. Now, its time for squawk on the street. Know that theme music any night, say goodbye to liz you jack and the crew on 30 rock. Im carl can teen nia, melissa lee, david faber, jim cramer. Chicago pmi on the way. Facebook earns, by most accounts, were pretty impressive. Mobile ad revenue, two time
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