Europes higher. Shorts may be coming ahead of draghis meeting tomorrow. Oil is father. Inventories in about five minutes from now. Stocks in the midst of the third longest bull market ever. Well look at what the plays are leading the way. Three new directs have been appointed at valiant. What it means for its company and the struggling shareholders. Another illness youts brake at chipotle causing a store in massachusetts to close. Stock is falling on that market. First the bull market is turning seven. The dows up 159 . S p up 193 . Nasdaq up 266 , not included dividends. It would be the next day, our coanchor, mark haines, sat here at the exchange and said this was it, the worst was truly over in his view. Take a listening. However, im going to step out on a limb here. This is the big hold on, weve been waiting for this. I think were at the bottom, i really do. That morning futures were at the bottom. It was real. He was looking at the dow, 200 Day Moving Average. At the time dow was
Their highest level of the years. With todays gains the dow has wiped out all of are its 2015 losses, amend heres what was really interesting. Were starting to see a rotation out of socalled safety trades, utilities, Consumer Staples, telecom, money going today into industrials and discretionary, technology. Guy adami, a good sign for this rally. All started last night. Tim will speak to this. The china numbers were good enough. People are looking for the lesser of good, looking for quasidisastrous and they good to somewhat pretty encouraging, i would say. Jpmorgan earnings. This is whats interesting about it, right . Profit down 7 year over year but if you look at stock last may jpmorgan was probably about 7 higher than it currently is right now and the is is probably exactly where it was this time last april may so the math at a certain point does work. I thought it gave people the green light to say you know what, valuations make sense. Clearly through the levels that i thought it w
Lets head to the markets desk were julie hyman has the latest. Julie last week beside saw the biggest decline for major averages since february. It looks like a bounceback today. A lot of Different Things for investors to talk about. Manufacturing data came in weaker than estimated. We are seeing it rationing down of Interest Rate expectations. Major averages around the session. The nasdaq is billy hanging onto gains the nasdaq is barely hanging on to gains. Consumer discretionary in the top spot. Financials are helping matters. Amazon is rising for the second straight day. Ceo jeff bezos getting praise from one buffet. Energies laggard down if you look at oil prices, we are seeing a pullback. Interesting that they are not tracking down stock unlike what we have seen recently. Iran exports rising putting pressure on those low prices. Futures are going higher. When to check on currencies. The euro is trading at its highest since the u. S. Dollar up since last august. The dollar lower ve
Countries will have an impact of the value of a dollar and the economy. Were interested in having the chairman address that issue also. These are some of the major issues we will discuss, and i certainly look forward to hearing chair yellens thoughts on this. There is also growing uncertainty that we should add to the occasion. Too many mornings we hear breaking news or pick up the newspaper and find headlines we dont want to read. That appears to be a spreading cancer not only in the United States but also throughout the world. And so the uncertainty that that levels and the impact that it has on economic policies is perhaps another issue that we ought to be discussing. This morning, unfortunately, the house of representatives has a series of votes coming up shortly, so there may be some in and out of members having to deal with that as were trying to wrap up our session. Im going to try i will ask our members to try to keep their remarks and questions to five minutes. If we need a se
Were interested in having the chairman address that issue also. These are some of the major issues we will discuss, and i certainly look forward to hearing chair yellens thoughts on this. There is also growing uncertainty that we should add to the occasion. Too many mornings we hear breaking news or pick up the newspaper and find headlines we dont want to read. That appears to be a spreading cancer not only in the United States but also throughout the world. And so the uncertainty that that levels and the impact that it has on economic policies is perhaps another issue that we ought to be discussing. This morning, unfortunately, the house of representatives has a series of votes coming up shortly, so there may be some in and out of members having to deal with that as were trying to wrap up our session. Im going to try i will ask our members to try to keep their remarks and questions to five minutes. If we need a second round, we will try to accommodate that and also try to accommodate