500 reaching uncharted highs once again. Friday a big day for financials, jpmorgan, wells fargo and blackrock reporting earnings. Blackrock had a solid report beating the street, raising its Quarterly Dividend by 50 . Oil at 70 a barrel for the first time in three years. Analysts pinning the rise on oil spries. Thats bad for drivers. The e. I. A. Announced gasoline prices will be on the rise with the average pump price reaching 2. 63 a gallon. Walmart announced this past week its raising the minimum wage to 11 nationwide. Its also spring every hourly employee with a onetime bonus up to 1,000. Visa announced its raising its 401k match to 10 of base pay. Bitcoin having a digital rollercoaster week. A south korean 0 officious announced his government is going to ban crypto coin currency. But its 1,000 percent increased since january of last year. Apples battery controversy not going away. Apple was asked why it wasnt more transparent about its deliberate slowing of batteries. Thune wants
500 reaching uncharted highs once again. Friday a big day for financials, jpmorgan, wells fargo and blackrock reporting earnings. Blackrock had a solid report beating the street, raising its Quarterly Dividend by 50 . Oil at 70 a barrel for the first time in three years. Analysts pinning the rise on oil spries. Thats bad for drivers. The e. I. A. Announced gasoline prices will be on the rise with the average pump price reaching 2. 63 a gallon. Walmart announced this past week its raising the minimum wage to 11 nationwide. Its also spring every hourly employee with a onetime bonus up to 1,000. Visa announced its raising its 401k match to 10 of base pay. Bitcoin having a digital rollercoaster week. A south korean 0 officious announced his government is going to ban crypto coin currency. But its 1,000 percent increased since january of last year. Apples battery controversy not going away. Apple was asked why it wasnt more transparent about its deliberate slowing of batteries. Thune wants
Swing. Bank of america kind of mixed, Goldman Sachs sees a plunge in trading. The ceo blankfein may call it a challenging environment. A new hot seat of a new look at the an coventry trust risk to big tech the biggest reversal for the dow since february of 16th the blue clip saw 380 points trading range after hitting 26,000 for the First Time Ever s p 500 reaching 2800 before finishing lower. Jim, you said this time yesterday, you dont like big opens and midmorning you watched the transport starts to roll yes, it was surprising because really it was not anything happening there is nothing happening was yesterday based on unh being good it was anything that was reasonable oil going down and trades going in the wrong direction you have to base an opening on something other than gut and instinct it can turn against you. The market will come to you, there are people that want to sell there are people that want to sell right here. Theyre going to drill big and hope something underneath. The
Also apple day stocks under pressure because of iphone battery and production cuts for the iphone 10 it is down premarket. Look at this. Facebooks stock is well it is nice higher only Media Company that i can remember that urges its users to use it less. [laughter] but its profits and sales are seller up she goes. All right quickly microsoft Strong Financial performance. But maybe not strong enough. It will open lower to the tune of a buck 26. Overall, this market is headed south at the opening bell. Well be off more than 150 points this thursday morning o. All right. Politics today, dominated by the memo. This make the day when we get to see it. I sure hope we find out what fbi was up to before and after a and during election did they really protect hillary and undermine. Another day for politics and your money and thats what we do. Varney company is about to begin. If Congress Sends me a bill before christmas, the irs this is just out. This is breaking news has just confirmed that am
That requires a 6. 4 decline we are just around that level at the moment the s p is on pace for its worst week since november 2008 the nasdaq since january 2016. You know what, the dow especially, comparing it to 2008, the drop we had was Something Like 17 yes, its the worst since then, but were still nowhere near where it was 18 . Was it 18 thank you. The key level is 23,885 if we go below that at the close. It is the worst week since 2008. But nowhere near as bad as that week. Exactly well check the action as we look to close out this week. What a week its been. Bertha coombs is at the nasdaq watching the movement there. Bob pisani on the floor of the nyse bob, lets start with you on the session today. Im a little encouraged today for the first time all this week because were starting to see a little bit of buyer interest let me show you an intraday chart of the trading activity. Ive circled the key point almost every day this week, we have seen rallies on lighter volume and the decl