On a minute to minute basis . Both of these factors were in play again today as usual. In a deceptively quiet market with the dow ultimately selling off just four points, s p closing essentially flat, nasdaq down 0. 18 . We know all about the linkage between oil and the averages. But the fed, ive got to tell you, i just hate bringing this to you. I hate bringing it up because everyone else talked about it. Sometimes theres no avoiding it. We know t hear. That the fed is now on hold, perhaps until we start to see stronger retail Sales Manufacturing reports. The decline in so many sectors but tech was about how the fed might say or do the wrong thing. More say than do. Either give us some stern language about the need for another rate hike before the end of the year, or maybe they even do shock us with an outright rate increase, something most people say is highly unlikely, but thats what worries me the most, especially because we saw declines that would seem to indicate otherwise in the
Now. The dow the s p and the nasdaq very little change, maybe a. 1 or two down. Also on our radar, walmart, reportedly cutting 7,000 back office jobs nationwide that stock is ticking up a bit. Tropical storm hermine bearing down on the gulf coast. Could make land fall by toonnig. Welcome everybody, guy adami is joining us for the two hours of power today. Were following a story out of Cape Canaveral florida. Lets go live to the cape with the latest. Reporter hey, brian, take a look behind me, its overcast because of that Tropical Storm thats making its way to florida. You can still see the smoke billowing out from the space x falcon 9 rocket that exploded earlier today on Cape Canaveral air force space station launch pad 40. The falcon 9 was scheduled to take the satellite launch to take it into orbit this saturday at 3 00 a. M. That satellite was manufactured by Israeli Aerospace industries. But facebook had a 95 million deal to use it over five years for internet. Org. This would hav
The same. France bucking the trend, up about 0. 3. The tenyear note, a gauge of risk sentiment across the markets. The yield falling. Wti crude, almost down 3 today. The latest s p caseshiller home price report has been released. Prices nationally up 5. 4 in january from a year earlier. Our road map starts today with apple. The fbi dropping its case reported it was able to break into the San Bernardino gunmans phone. We talk to apple experts about what this means for Online Security, apple customers and laws going forward. And fed anticipation day. John williams urging the central bank to stay on track with rate hikes. Janet yellen speaks this afternoon. How hawkish will she be . And reports out that jetblue and alaska air planning to bid on Virgin American. The hijacker of an egyptairplane has been arrested and taken into custody. Nancy holgrave has the latest. Reporter about five hours after this unfolded, the alleged hijacker on board the aircraft has been taken into custody. Offici
The fire didnt grow as much as expected over the weekend. Thats the good news, but the bad news is its still out of control, and it is still threatening Canadian Oil Sands operations. So far, no damage has been reported to the actual facilities themselves, excuse me, very little damage has been reported to the actual facilities themselves. But, of course, you cant produce oil, you cant work the equipment without employees, and many of them and their families have been evacuated. So, as of now, about 1 Million Barrels of oil per day and capacity have been taken offline. That is about a third of canadas total daily production. So that is a lot. Now, the question is when can production resume. When can these operations start back up. Suncorp, that is one of canadas that is canadas largest oil producer, gave us this statement. We will begin to return to operations when the infrastructure in the region can support our startup and we are confident it is safe to do so. Right now, we dont know
Group could go from here. And can you believe it . Check out oil and gold over the past month. Gold up 5 , oil up 12 . Is the commodities crush finally coming to an end . Well look at that. But we start with the stock market. Earnings season front and center for investors. The big banks kicking it all off. Dominic chu is here with what investors need to know ahead of next week. We have a big week, 33 s p 500 companies or thereabouts will report next week. Lets take a look at the expectations because theyre not very good. Overall look at the s p 500 yeartodate. Down 2. 5 well call it. 2. 5 , and then over the course of this time we want to make sure earnings could be a catalyst. On average according to thomson reuters, if all analyst estimates come to fruition we could see an earnings decline of around 4. 5 over the same quarter last year. The best performers in terms of Earnings Growth anticipated to be telecom stocks. Theyre a small sector, nonetheless 11 gain. Consumer discretionary,