Streak as the tenyear pulls back from highs. Bob pisani here at the nyse. Lets start with you. Listening to this lovely music. Im 12 years old again another thing about today, selloff in the middle of the day. Three days in a row this is happening. Up 350, cut essentially in half. The market started very strong in fact, the cyclicals were the story. Looked like early january. What i mean by cyclicals, growth names. United technologies up 3 . Thats moving the dow up 30 points boeing was much stronger earlier in the day still up but a classical cyclical name. Lets show you 3m. These are all dow components, cyclical stocks, all of them, up 1. 5 , 30 points. This was 237, 238 and now back to 235 caterpillar up 2 , fourpoint gain another 30 points. This was almost 160 just a couple minutes ago finally, one group that hasnt been doing that well today, the bank stocks. Goldman sachs, all the big bank names are down fractionally. Even though there hasnt been huge moves in the tenyear you cant
And now United Technologies is apparently considering it. The manufactured a threeway split is possible, a thought to beonce very unlikely. Investors cheered the ideall init sending shares of ut up more than 3 , making it the best performing stock on blue chip dowin decks today. Morgan brennan takes look at what could be next for united tech. Reporter all it the urge to demerge. Just a month after General Electric said its considering a potential breakup of its core businesses, another industrial heavyweight, United Technologies, saying it, too, is reviewing options. The real question is do you get a significant multiple expansion by having separate companies versus the congmerate or the fou businesses of utc . Tough, tough questions. Would tell you that we are looking at all of those possibilities as well as even within the portfolio that we have today, does everything fit . United tech operates in three main industries, aerospace, elevators, and h vac systems via carrier. The company
It is friday. S, looking good, quiet, one accident left, constrtiamp out there for sure, definitely lot chillier this morning than we were this same time yay cool down began yesterday, still at this point in the morning in the 50s in a lot of got, wet weather moving through, now that the chill has gun to settle in, totally ser still just warm enough, that it is strictly finding but however go far enough north, dry at the moment, if any enough north there could east be freezing in the poconos, still Winter Weather advisoryp n into berks county. Look at the difference, though , you have now substantially ine places where the cold air had alst 20 degrees cold nerveame millville. Definitely notice that it feels much more like winter, wae door this morning, so you have got 40s, 30s, 20s to the regl yourself waking up but still have showers could ends up with some minor icing. And i did not like it. Good morning, everybody, hand i friday. So looking outside to some construction, so schuylkil
Good morning a very warm welcome to Worldwide Exchange on cnbc im wilfred frost. Lets check in on the Global Market picture and futures this morning are looking at a positive open. We are higher in the premarket coming off a day where we did see gains for the dow and the s p. But we closed well off the days highs, both indices coming into today down about 1 week to date yesterday the nasdaq was lower fourth negative session in a row. But only slightly lower. Such that week to date its down just 0. 4 . Today, as you can see, up significantly. The dow is up 187 points s p up 16. Nasdaq up 45 points. Coming into today all 11 sectors of the s p are Lower Consumer staple is the worst performer, down 3 we saw yields rise at the start of the week and pull back, but today tenyear above 2. 9 . We spiked at the start of the week and just have come back a bit. Asian equities, its been a negative week overall, just seeing a bounce today. Up about half a percent or so for shanghai but hong kong and
Won, i want the gold i watched a couple hours of it unbelievable, right . Im still trying to understand you try to get it in the center thing or not you want to new york the other guy out. Whats the hammer if you have the hammer. I dont know the terminology come on i know we won by knocking them out those guys are intense. This guy has been there for several olympics when the guys get what is he called . Who does the pushing . Yeah. They score. Hes like 9 or something. When the guy on the other side is holding the brush i think theyre getting rid of the friction in between to make sure it goes the right direction. I know, but the guy at the other end, he is not moving, theyre aiming it . Theres a lot more skill involved than we have given them credit for yeah. And what if theyre running down and a foot hits is that a technical they have to be careful it is slippery theres a deal breaking not a curling deal. General mills buying blue buffalo for 8 billion in cash or 40 a share. Blue buf