bill. dow lower. nasdaq up by four points. apple worst week in more than a year. losing market value since unveiling the new iphones. that s it from cnbc, first in business worldwide. when it comes to heartburn trust the brand doctors trust for themselves. nexium 24hr is the number one choice of doctors and pharmacists for their own frequent heartburn. and all day all night protection. when it comes to frequent heartburn, trust nexium 24hr.
opinions, crude posting the lowest level in 11 years, chevron and ex-on lead exxon leading the dow lower. can the dauphin issue, the dow finish positive? we re down 1 pointle% and why is that so important? the dow is on track for the first loss in a pre-election year in 76 years, not since 1939 has the dow been negative in a pre-election year. and let me tell you the trends are strong. typical trend in an election year, up 5.8%. post election, only up 2%. take a look at this. we re way, way off that 10.4% level. a lot of people will be watching this in the coming days but it s up likely the market could rebound to those levels because involve is really light on the exchanges. not a lot of people here. it s quiet. not a lot of people trading.
apple beats on revenues and earnings selling more than 47 million iphones in the latest quarter. the dow lower by triple digit, down almost 181 points. the s&p down 9. the nasdaq off by 11. that is it from cnbc, first in business worldwide. [ female announcer ] everything kids touch at school sticks with them. make sure the germs they bring home don t stick around. use clorox disinfecting products. you handle life; clorox handles the germs.
there, running into a few minutes ago. tensions running particularly high in egypt on the eve of the anniversary of the 2011 revoluti revolution. the muslim brotherhood, declared a terrorist organization by egypt s military, has called for a week of demonstrations there. all right, turns out, stocks don t just go straight up! i thought they did after last year. who would have thought? after a really easy year of 20%-plus gains in your 401(k), it s been a rocky start to the year. i m not ready to say the bull market is over, but the market has not had a real correction since last summer and stock market experts have long said you won t see the kind of gains this year that we did last year. what s the problem? emerging markets trouble, earnings for u.s. companies are mostly unimpressive, dow futures are lower this morning after the dow industrials fell to a five-week low yesterday. the dow sliding 176 painful points. that s about a little more than 1%. worries about a slowdown in c
it looks as if we are dealing with a system that isn t ready for the new global world. we are not increasing any of the categories, skilled labor, nothing increasing in the united states. we have a broken model. gerri: broken model for the average american the problems are huge. male or female. the only group that is doing okay . shepard: the one thing that is working, we are taking care of our old people. gerri: that is right. 5 a or old, social security, still in place, still working for people in that age group. but, poverty is not what it used to be. if you are below the poverty line in this country you have a tv set, you have a car, you probably have an xbox, you may have a wide screen tv. it is different than it used to be fundamentally because those consumer products go right into the homes, as well. shepard: well, bad news from europe today, sent the dow lower. gerri: spain still in trouble. there could be a big bailout. greece could run out of money in september.