Ending modestly higher as anticipation builds for the expected announcement of a massive stimulus package from the European Central bank. Heres how things looked at the close. The dow up 39 points despite a big drag from a 3 decline in shares of ibm following weaker full year guidance. The nasdaq was up 12 and the s p added 9 points. With stocks gains and losses today, investors are looking for some real direction tomorrow when we learn just what the ecb has in store for europe and for the global economy. The European Central bank has one big tool left in its belt quantitative easing. A massive Bond Buying Program aimed at restoring growth to its economy similar to the one the u. S. Federal reserve ended latz fall. The Big Questions are, just how big will the program be how many euros are involved how long will it last and ultimately will it be enough to make a difference . To think that the ecb has a magic wand and will already change all the situation in europe by its magic wand in m
We are live on the salt conference in las vegas. I am Erik Schatzker. Stephanie i am Stephanie Ruhle. Day two and we had an extraordinary run already. We will be speaking with the one and only jim cahanos. Leon cooperman at 11 00 and john burbank at 11 30. You better sit down, strapping and dont go anywhere. Erik that is one heck of a lineup. Lets start with a bulletin. Stephanie Erik Schatzker in vegas, a whole other level. Erik top business stories of the morning. Alibaba has a new ceo, daniel zhang, they chief operating officer for the past two years. He helped turn the companys single date shopping day into the biggest revenue. He replaced jonathan who will remain as chairman. He spoke earlier to bloomberg about alibabas strategy. Daniel we manage our business by creating value for longterm customers. By creating values for the disappearance for the participants, so we believe that the investors will like us as long as we continue our belief and continue creating value for customer
Continues a controversial practice. Raising questions whether the president s un rat lal rewriila of the law are legal. Weve never seen a president who takes the view if you disagree with a federal law he can ignore it or just change it. Can president obama change obamacare without going back to congress . Well ask republican mike lee of the Senate Judiciary committee. And congressman javier basara, chairman of the House Democratic caucus. And our power player of the week, medalist girard senahi is live in studio and promises to astound our panelists. Well see. All right now. On fox news sunday. And hello again from fox news in washington. When new jerseys Chris Christie spoke in chicago this week, a former governor was sent to act as a truth squad. And when papers from one of Hillary Clintons closest friends were discovered, we decided it is not too soon to talk about the 2016 president ial election. Joining us from ohio, that former governor democrat ted strikland and from texas, for
Ukrainian police crash proiranian demonstrators. We look at the catalyst behind the chaos. All that and more coming up. First, lets get the market. A mixed market with the dow just barely in market territory. The s p is up a quarter of a percent. A little bit of a rebound in the nasdaq up 7 10 of one percent. Up 25 points right now. Want to get to the big three. Stocks and watches as we had to the close. Olivia stearns is watching them for us. Lets start with amazon. It has been bearing the brunt of the selloff in the past couple of days. Facebook google also up high today. Investors are buying back into amazon. Amazon still has a price to earnings ratio about 578. A different story in biotech. Biotech is still down today. Leading and lowering the shares off about three percent. Come undernuing to pressure to lower its price tag of its 84,000 new pill to treat hepatitis c. Scripps came out saying, they will not reimmerse customers reimburse customers. This is an interesting story. A li
See. Facebook will be able to shape them based on the history of web surfing. They will also be able to adjust those profiles, adding or removing certain categories. Shares in the moneylosing company, which develops software platforms, are up about 18 so far today. We will be talking to the mobile iron ceo later in the show. Is withial guest host us, roger. He was an early investor in facebook, yelp, and others. He also cofounded silver lake partners, the First Private Equity Fund focused on technology. Shows also done over 100 this year with his band. I used to play guitar. Maybe we can lay after. Every greenroom executive should have a couple of instruments. Every great executive should have a couple of and sermons. Executivea major change at twitter. Twitter ousting their coo really suddenly. He resigned his position. I should not say that he was ousted. The founder of the company said it will not name a new coo. This comes just seven months after pressure to get more user growth an