Day. Well begin with the market and whats been anything but a summer sizzle for stocks. Now comes august which is historically hard for investors. The s p has fallen 2. 5 in each of the past five years. As we look towards whats ahead in august, five months to go, does everything hinge on whether the fed hikes Interest Rates in september . I mean, if thats really the case, then i have good news for you. The market says theres no shot. If you look at the cmes fed watch and you believe that the market is getting things right as we get closer, theres a much higher likelihood that you see a december hike. I think a 25 basis point hike is like 42 . Even october, theyre talking about a 20 some odd percent chance. If thats what youre truly focusing all your attention on, the timing of the first hike, you have some time. To hang out in the panic room. If youre more rational, you say to yourself, strongly hinting theyll do something. Even if its a token gesture. Theres absolutely no guarantee th
High. Yes, down 20 otherwise. Now when oil goes lower, airlines tend to go higher in terms of the stocks as those stocks rallies today. Can you see that each of them most of them up over 2 . We have the number one analyst Airline Analyst on the street with us to day. Jamie baker. Hell give us his top airline picks. And president obama just announcing new Clean Power Plan which could have a major impact on the coal industry and basically industry at large. Weve got the ceo of American Electric power live. And the cit group is completing the purchase of one best banks parent company, cit ceo john than will be joining us to discuss that deal and the impact it could have on the lending environment. That will be a cnbc exclusive in a few minutes. In the meantime lets talk about todays Market Action joining our closing bell exchange, we have chase chief economist anthony chance us with. We have president of onpar executions and our own Rick Santelli joining us as well. Peter, the impact that
Beat estimates but revenue came in at 13 billion, just below the consensus. Julia boorstin has the one key takeaway from disneys quarterlies. Disneys record quarter comes in two key divisions, marvel helped propel the revenue up 13 and operating income of 15 and the studio did not have to take a writedown on tomorrowlands disappointing results. Led by espn, an increase in subscribers and rate increases helped offset lower advertising revenue. Espn, along with Disney Channel and abc family helped outlay broadcast decline. It focused the quarter just a few weeks ago that it is inevitable that disney will eventually sell espn directly to consumers. Julia, boorstin, thank you. Apple fell deeper today into correction territory, shares of the blue tech company fell another 3 on heavy volume. They are now almost off 13 from their highs this year. 100 billion in market value since that peak. Its a fall in the stock price wasnt bad enough, there are also reports that apples secure operating sys
Beat estimates but revenue came in at 13 billion, just below the consensus. Julia boorstin has the one key takeaway from disneys quarterlies. Disneys record quarter comes in two key divisions, marvel helped propel the revenue up 13 and operating income of 15 and the studio did not have to take a writedown on tomorrowlands disappointing results. Led by espn, an increase in subscribers and rate increases helped offset lower advertising revenue. Espn, along with Disney Channel and abc family helped outlay broadcast decline. It focused the quarter just a few weeks ago that it is inevitable that disney will eventually sell espn directly to consumers. Julia, boorstin, thank you. Apple fell deeper today into correction territory, shares of the blue tech company fell another 3 on heavy volume. They are now almost off 13 from their highs this year. 100 billion in market value since that peak. Its a fall in the stock price wasnt bad enough, there are also reports that apples secure operating sys
Beat estimates but revenue came in at 13 billion, just below the consensus. Julia boorstin has the one key takeaway from disneys quarterlies. Disneys record quarter comes in two key divisions, marvel helped propel the revenue up 13 and operating income of 15 and the studio did not have to take a writedown on tomorrowlands disappointing results. Led by espn an increase in subscribers and rate increases helped offset lower advertising revenue. Espn along with Disney Channel and abc family helped outlay broadcast decline. It focused the quarter just a few weeks ago that it is inevitable that disney will eventually sell espn directly to consumers. Julia, boorstin, thank you. Apple fell deeper today into correction territory, shares of the blue tech company fell another 3 on heavy volume. They are now almost off 13 from their highs this year. 100 billion in market value since that peak. Its a fall in the stock price wasnt bad enough there are also reports that apples secure operating system