Falling 0. 33 . Nasdaq advancing 2. 61 . But still, quite a contrast to yesterdays very strong performance. Why cant we put together a winning streak . Why cant we go up for more than one day . I think there are a host of reasons why we rarely have backtoback up days anymore. And the reasons are all endemic to 2015. And theyre worth going over tonight. Because i dont know about you, but i find this market maddening first, we know the estimates from Many Companies are just plain too high. It has been such a long time since that was the case. Many years in fact. And we dont seem to be ready for it. Case in point is intel. Last week intel came out and said business was weak in part because of its personal computer sales, and also because of the strong dollar. Amazingly, on the day of that hideous announcement and it was ugly the house of pain. The stock market as a whole reacted as if intel were some sort of minor, unimportant company, as opposed to the Biggest Semiconductor Company on ea
Apparently there are not enough people there to buy their products. Others having second thoughts about making Big Investments over in the worlds most populous country. First to sue at the new york stock exchange. We will start with the raging california wildfires. Just a few miles east of los angeles. Governor brown has just declared a drought state of emergency. More on that in just a moment. Some 1800 acres have been scorched, more than 1,000 firefighters are on the scene, and governor jerry brown is expected to speak any moment now. Heres the weather channels julie martin. Reporter the good news is the colby fire did not spread overnight. Firefighters worked around the clock to contain the fire and put out hot spots. It still stands at 1700 acres, about the size of two central parks, and as far as containment, about 30 . However, the Incident Commander on the scene tells me he does expect containment numbers to come up today, though it will still be a few days before full containme
At this very moment, 3 00 p. M. Eastern. The last hour of trading. You will know that song, im having a bad, bad day by the movie despicable me. Quite a few are probably feeling that way right now. Low of the session for the Dow Jones Industrials down 312 points, we are just slightly off that at the moment but there is a lot more to this story. The Dow Jones Industrials tumbling to the 50 Day Moving Average and went below that, the gray line you are seeing right here. Now were getting close to a similar trajectory for the 200 Day Moving Average, and that is the blue line. It becomes problematic. Why does this matter . A closely follows the chart and what they do is they set they sell order to trigger once these levels are broken as they suggest a trend to the downside. The triggers has been hit, in the meantime we should mention auto sales which have had a huge run recently ran out of gas but not for every auto company. Ford and gm, yes, a drop in january sales due to the extreme janua
Greece. Our road map begins with retailers hoping that online holiday sales click on this sibler monday. Will they make up for the thanksgiving weekend seeing shoppers spend less than a year ago. Lots of business around amazons Package Delivery via drones. Another month in the books. Well explore whether the trend is likely to continue in december. A number of wall street firms initiate cover of twitter. Well have details on the caller later in the program. First up, welcome to cyber monday, the day that online sales surge following the thanksgiving weekend. Retailers hope that makes up for the Holiday Weekend. The National Retail federation says total spending fell 2. 9 compared to a year ago, the first decline, guys, in seven years. How concerning is it . Well, look. I think that this omnichannel has taken off. I dont classic example. I dont know a lot of people went to the mall. You can say its A Groucho Marx thing. Everyone is there so they dont want to go. I went to amazon. I orde
Only two things people were doing this weekend, benj watching house of cards or making deals. A big one in pharma. Forest lives being bought by actavis 425 billion. A big winner for carl icahn, number two shareholder at forest labs. Persistence pays off for carl icahn, he has threatened a proxy fight for the last three years on this company. To appease him, the company gave him seats on the board and he got his guy as ceo, as a result you get the outcome carl icahn onwanted. That is not the only deal, the maker of the mobile game candy crush is going public. King digital is filing an ipo. Likely be listed on the new york stock exchange. When we sent popular, we are talking 93 Million People playing candy crush every day. 568ng digital netted million last year with a revenue it1. 88 billion dollars, makes the profit from people who buy stuff to get ahead. Just like farmville. Premium style. You get sucked into it, it is free, but to take it to the next level you have to pay. If you look