Year low today how low will it go first, the dow started off the week sinking, then soaring back to close before 26,000 for the first time to close right under that key level as volatility today the vix surging 20 even as the markets soared and the ten year yield hit its highest level signs 2013 s. Volatility back for good is this a sign we are starting to see cracks in this rally, guy. Are you grooving over there, guy. He is boogying. Im taking it all in. This was my wedding song. As it should be. Lot of people out there, crack, s p close at an alltime high, russ areal was up. Tuesday was a fake out it signalled for me the potential of a shortterm top. That lasted eight hours. What is interesting. Bob pass any was talking about unperformers and he mentioned materials. I love bob but i dont know what he is talking about because mack moran closed around 20 bucks thats tims trade for the last six to nine months continues to work i think materials. Banks reversed today i think the rally i
You are very welcome to the pulse. European leaders are speaking openly about the possibility of a grexit and say they now have a detailed plan in place in case black scenario happens. They have said sunday is the deadline for greece to accept a rescue or risk in booted out of the euro. For mroore we are joined by guy johnson in athens and hans nichols in berlin. Hes i nn brussels, excuse me,. Lets talk to guy. Guy, obviously, these banks are still close. Whats it like in greece at the moment . Guy well, people are beginning to wonder when they are going to open. What is interesting is youve got money pooling in certain areas of the economy and we need the Banking System to restart in order for this money to start moving around the system in the way this meant to do. The question is come next week what kind of money are we talking about . There is deadline come sunday. People are talking openly about a grexit. It is not going to be the flicking of us which. Youre not going to see greec
Time to become more circumspect about this remarkable run. There is so much that is positive, im beginning to rack up a few negatives, too. Weve been whistling past serious grave yards on the way to these new heights. Its worth shining a light on those grave stones as this market continues to break records. The dow made another new alltime high. S p slipped back and nasdaq declined 25. 9 . We recognize the three major tenets of trumps poll circumstance deregulation, lower Corporate Tax rate and tax holiday of repatriation of overseas earnings are terrific for the stock market. Weve run a great deal because of that triad. But you know what . We need to start asking ourselves how far we can go just on those three things when there are beginning to be other issues that just arent going right and weve got to talk about them now. Lets tick them down. First theres oil which was up sharply today. Oil rallying on better demand is one thing we like that. Crude simply climbing on production cutb
Erik. He is on assignment in athens. Stephanie i would love to say that our erik was at the oscars last night, at the vanity fair party, but no committee is working in athens. We have had to take you to the breaking news on the Housing Market. Scarlet fu is in the newsroom with the headlines. Scarlet disappointing read steph. Economists had ratcheted down their expectations over the last three days because the expectation is down 1. 6 as recently as friday. On an annualized basis the rate is 4. 80 2 million, dropped from the prior month. This is not a government report. It is from the Industry Group the National Association of realtors. What it measures is the purchases of previously owned homes. It makes up 90 of the Residential Housing market. Some might argue a more important indicator than new home sales. In terms of the effect on financial markets, u. S. Stocks were lower before the report. No real change there. The dollar takes a little bit of a leg lower even though it is firmer
Tenyear eeled reacting to a ppi number that did run a bit hot, first rise in a few months and europe in the green at least for now. Our roadmap begins with a cnbc exclusive. With both apple and china mobile ceos, apple shares rising in early trade on the tech giants new deal with china mobile. Bank of america reporting betterthanexpected Fourth Quarter results. And as new ceo mary barr takes the helm, gm expecting pretax profits to rise modestly this year but margins remain flat until 2015 on the back of news that the automaker will pay its first Quarterly Dividend in almost six years. And elon musk taking on the government for the proper term for teslas fixes. First up, though, apple shares rising in the premarket on optimism surrounding the companys deal on china mobile. Tim cook saying it will help bolster sales in the Biggest Smartphone market and china mobiles chairman said the agreement will entail various cooperative ventures and will not be limited to iphones. Cnbc spoke exclus