It seems that way with the s p climbing 1. 1 and the s p 1. 8 and today for once seemed rooted in something very positive. The end of the greek disaster scenario took it off the table and there were plenty of people who believed that if greece broke with the euro there would be pure chaos in the financial world, dominos and those investors are now off the sidelines buying or recovering their short positions meaning buying back what they bet against because you most leakly arent going to see drachmas any time soon. The woman who ran the show the whole time german chancellor Angela Merkel closed this morning at 3 00 a. M. And lets just say the greeks blew it. They went for broke and got a terrible deal because in the end they wanted to be in the euro more than the germans wanted them in the euro. The germans were willing to throw them over. I think the europeans threw in the plan because they wanted to force them to vote yes. Maybe theyll see Leftwing Party propaganda that the deal wont
Sometimes people have a difficult time doing that but a few months ago the premiere said he didnt want to see a devaluing at all this year. Now down by 44 points. S p futures off by 4. 5 and nasdaq down by 10. Cac is off by one third of a percent. It didnt beat forecast reven revenue above projections. There was a 3. 5 jump and the Home Improvement retailer raising its fiscal 2015 sales and Earnings Guidance. Brian joins us in a few minutes to weigh in on the latest results but u. S. Comps were strong as well. Up almost 6 . The company has now had beaten 11 quarters in a row. So it was widely expected it was going to be a 12th and thats exactly what happened. Shares of home depot down. Pretty good run for the stock as well this year. Based on the housing data weve seen lately including yesterday, this was widely expected to be another beat quarter. As you mention, theyre giving good guidance for the year. They see same store sales up 4. 1 to 4. 9 for the year. Thats what theyre expecti
European markets are well underway and as he has pointed out a number of times they have been of late for our own markets and there they are up across the board. Not bad actually. No, our futures being down is a function of idiocy. Idiocy how about the ten year note yield were right around 210. Yesterday. And also we know if you buy the banks you get some leadership rally and oil goes to 42 they still have no place to put it which is incredible given the fact that at one point we would be in a state of emergency but instead were in a state of glut youre going to pushing and theres not enough people in the refineries they get far earlier than people think. At the same time oil has to come down because its in storage and those that want to ship that oil will get it to the market somehow. The president said to speak on taxes later today. Expected to call the u. S. Economy quote rigged or at least the tax system plus its official warren buffet now the largest shareholder in bank of america
Federal reserve. And people dont see this, i dont think, as a major, major shift in terms of what the fed will do. Just it is losing a key academic and experienced and wise voice on the federal reserve, but there are a lot of economists and noneconomists out there that President Trump can now choose from. And this fischer wasconsidered more of a democrat choice. And, in fact, i remember when the big fed decision came due for president obama, it was between Larry Summers and janet yellen and one of the dark horses was actually stan fischer himself, he was not willing to give up his citizenship to israel, but he was considered once the giant of central banking, still is still may make his policies known, even if hes not the vice chairman of the federal reserve. But as far as any policy implications, i wouldnt expect anything to change hes been at a number of meetings over the last two years and made his voice very clear. Im sure a lot of folks from the board will continue to heed his adv
The transports to record highs again today. Plus the grocery wars are heating up again. This time walmart is making a newing a b decision to go after amaz amazon very interesting a lot of people in new york city are very excited about it. Well explain coming up in a little bit. Good for brooklyn. We start with our top story right now, executives from two scandalridden companies have been meeting facetoface with lawmakers on capitol hill today. Cnbc cnbcs wilfred frost has the highlights of the wells fargo hearing, about millions of unauthorized accounts opened by that company and aditi roy has the latest on the exequifaxs ceo, the attack that compromised the data after more than 145 million milliamericans. Aditi, start us off. Reporter former equifax ceo Richard Smith was grilled for close to three hours by about two dozen lawmakers. As he headed out of the hearing, i asked him about the breach he remained tight lipped eped a walked past our cameras. Gave an eight page remark before he