India. Jeff bezos met with Prime Minister modi last night. Well hear from him when he addresses Congress Later this morning. Clinton wins enough delegates to become the Presumptive Democratic nominee. Is the battle between her and mr. Trump gains momentum. The market seems to be shrugging off this political uncertainty. Shares of lululemon bouncing around in the premarket after raising forecast for the year but offered a softer outlook on the current period. Well talk about whats ahead for that company. Stocks are looking to maintain their upward momentum a day after the s p posted highest close since july of last year. Oil rising to some eightmonth highs. Brent hits 52. All of that happening as david said within the politics mix. Hillary clinton declaring victory in the race to become the democratic president ial nominee winning four primaries including california where it wasnt nearly as tight, jim, as some suspected it might be. Yeah, you know, i think that people just want some sor
If you break down the markets, they are having a rough ride. Matt, when you look at the u. S. Dollar strengthening and oil prices plunging, it seems the only possible catalyst is opec, the ecb, and the fed working together. The block. Matt the looks like the market is trying to spank this out of those groups you just mentioned. 40 on s p futures. 3. 36 on dow futures. Japan closed hong kong was down big. In europe, we saw bigger moves. 40 in paris, down 4 . The dax down almost 3 . At one point it was almost down 4 . Look at eu banks. You knew we had to watch stocks jen earnings. Even though earnings grew, they missed estimates. That has been a big concern. European banks have been a concern after Deutsche Bank. Socgen down. Hsbc is down four and a half percent. Interesting story we will get to about the capitulation of hsbc to investment bankers. Freezee saying we will pay raises, then two weeks later say that is not a good idea. They will continue with plan to pay raises. I was going
Weve got an allstar team lined up to get you the numbers, and more importantly, what they mean for stocks in the broader market. Stay tuned in about an hour when the action heats up. An impact on tomorrow, without a doubt. You know the saying buy the rumor, sell the news . When it comes to bill ackman and his reported takedown of herbalife today, it was more like sell the rumor and buy the news. I mean, big time. His presentation didnt tank the stock, as expected, it did just the opposite. Herbalife is surging right now by 18 . Why does the market think that hes so wrong about this company . Were going to take a closer look at that. Its an intriguing story. It is. Now, lets look at where we stand in the markets. The s p 500 at 1,982 is currently three points away from trading at an alltime closing high. Now, the Dow Jones Industrial average not far behind. Its at 17,110. Its High Water Mark is 17,138 for the close, 17,151 for the intraday high. And finally, the nasdaq doing reasonably
We await the word from the European Central bank tomorrow. Thats going to be very interesting. Yes, well get to more on that in a second. What all the Central Banks are up to. Oil rebounding but that didnt stop canada from cutting its key Interest Rate north of the border and they did that because of how the dramatic fall in oil prices is rippling through the nations economy. Well get into that a lot more with to do ameritrades ceo fred tomczyk is back with us. They had good looking earnings. They had record asset accumulation by their clients in the last quarter. What are they doing with that money, thats the question, what their clients are doing with that money. And this is not a technical glitch. Look at netflix, you talked about this last night. They had blowout earnings. It is up 17 , about a 60 gain after those earnings the explosive growth first reported on the closing bell yesterday. We will follow that stock into the close and at least one of our guests says you can still buy
That one. Well talk about that a little bit later. Weve been sitting back pouring back through the documents, the s. E. C. Findings of what happened, now this criminal complaint singling one individual. The more information we get, the more impossible it is to believe he could have caused this. We have a ton of earnings on tap. You just saw some of the biggies. All of that will get into full swing next hour. Also the outlook for oil prices an exclusive with bps ceo bob dudley coming up in a little while, also well see how the industry has changed in the five years since bps tragic oil spill. The dow, the major indexes have been under pressure today. A lot of that for the dow has been travelers. Concerns about their earnings power. 71 points lower, back below 18,000 for a decline of 0. 4 . The s p just barely in negative territory, actually down about 1 point, just sitting below the 2100 level. Look at the nasdaq though it is up 0. 5 bill. So much focus today on the biotech, the pharma