But still, the dow futures look like theyre up about 24 points above fair value. S p futures up by 5 points and the nasdaq up by 11 1 2. Among our guests today, we have Lee Cooperman joining uts at 8 00 a. M. Wholesale trade and monthly samestore sales. As for earnings, well get results from pepsi before the bell. Alcoa kick off earnings season last night. The company posting better than expected results. Ceo clause clinefeld was on cnbc last night. On an absolute basis as well as on a margin basis, we saw an increase of profitability year over year of 45 in the mid extreme. And the best quarter in the upextreme brings since the second half of 08 when it started to get weaker. Shares of alcoa are up about 50 in year. In other corporate news, amd is replacing ceo rory reed. The market value is nearly halved since he took over in 2011. The chipmaker is trying to expand beyond its core pc market. Lisa su will take the chief executive role. Some annists were surprised by the timing announc
2. 02 . Alas, i think todays selloff is the real deal, unlike yesterdays rally which was triggered by positive Federal Reserve minutes, todays selloff was based on real weakness in the global economy, worries like ebola, and the averages are still higher than when the year began and thats looking less and less logical. As the slowdown manifests itself. [ beeping ] before it gets started on the wacky nature of a market that goes up or down 300 points on a whim, let me just say pointblank that we are indeed in a treacherous market. We live in america, our companies are doing relatively well, but the definition of treachery in a stock market terms is when the simple facts mean nothing to the sellers. When one strand of weakness can frighten investors more than all of the good strands that are out there, its pure treachery and thats whats going on right now in the field of battle. Take alcoa, right . Heres a company that delivered on every lineitem when it reported yesterday. I know this c
Target of enrollees by 2017 will now take a little bit longer, perhaps years longer than was earlier projected. A stumble here in terms of obamacare enrollment. Thank you very much. Lets begin with alibaba. Lets take a look at the share prices and how it is fairing right now. Alibaba has been very actively traded and has had an intens rally. The e commerce giant up 70 since the listing back in september. The Company Getting ready for one of the biggest days of the year called singles day in china. Why is that so important . It is the Biggest Online shopping day in the world. Analysts expect alibaba to smash sales record on this shopping day and tomorrows holiday was created by the chinese to celebrate or lament being single but it has turned into a 24hour Online Shopping event. Last year alone alibaba took in nearly 6 billion in transactions just in that one day and that blows away the nearly 2 billion sold on cyber monday. David faber is in headquarters. Sales are piling up here in an
World. But today most trading in stocks is done elsewhere by Robot Computers that buy and sell in microseconds, faster than you can blink an eye. And the computers have done so well that some institutional traders have come to believe that the game is rigged. Are humans ever involved in the trading . Humans are not involved in the trading because humans are way too slow. [ticking] there are close to 850,000 of them in the United States, twice the number of atms. The new slot machines, the Main Attraction at casinos, are like hightech video games. And states across america are increasingly relying on them to raise revenue 38 states and growing, including pennsylvania. But the former governor ed rendell didnt appreciate some of our questions about it. You guys dont get that i do get it. Youre simpletons. Youre idiots if you dont get that. Welcome to 60 minutes on cnbc. Im steve kroft. In this edition, we look at the world of big deals on wall street and in las vegas and examine the impac
Finish off a real nasty week, you notice the dow is now negative for the year. We deserve a break after the last five days. What i regard as a rolling bear market from minerals to industrials, to oil and gas and today, the semiconductors and amazingly, we get it money because its columbus day, were going to get a break. A day where Companies Know better than to say anything other than columbus sailed the ocean blue in 1492. Given the relative proximity to the s p 5001,196 closing level, even that could be frout with the pain of previous octobers. The market is a bundle of nerves right now. Were going to get a heap of things the bulls need to see happen this weekend, well slice through levels that were unthinkable three weeks ago when alibaba became public. It seems to be the demarkation point for pain we felt since. What could help turn the market around . Any sign that the stalemate over ukraine between germany and russia is coming to an end would help. No new outbreaks of ebola would