S p dropped. 19 . Total confusion. Not much is making sense. Im not too proud. Interest rates are plummeting. We were supposed to be worried about Interest Rates getting higher. As the fed tapers its bond buying program. How can business be improving jobless claims be getting better, and the fed be signaling good things. Yet treasuries are implying a slowdown or worse. Perhaps its something we should fear. Maybe thats the point. Maybe the boogie man we dont know. Tonight im definitely looking in the closet when i get home. This market needs a lovey blanket and a night light. Lets tick down what we know. First the mineral and mining stocks are doing incredibly well. I look at those stocks that have been in prolonged down trends. Im talking the iron company and i say, okay, theyre balancing but why . Still one more rumor perhaps of a big chinese stimulus. Isnt it time we gave that theory a rest already . Theres nothing that explains it at all. Especially when you see Interest Rates going
Folks joining us. After the close today, we have some big earnings out. Hewlettpackard. That tech bellwether, of course. The gap. Well get those numbers right after the close today. A latebreaking story this afternoon. Billionaire mark cuban making some headlines today in an interview about racial issues in lift Donald Sterling l. A. Clippers saga. Mark admits to his own prejudices and bigotry. In no way were the comments comparable to what Donald Sterling said, but does this put the nba in a position where it has to respond. Will sterling try to drag down cuban with him . So many questions. Youll hear what cuban said in his own words. A full report is coming up in a little while. With an hour to go into the close, the dow is up 28 points. 1,6561 is the level. S p 500 finally up eight. Joining us on our Closing Bell Exchange for this thursday before big holiday weekend, heather hughes, peter andrews, jim lowell, Gerard Fitzpatrick and our own rick santelli. He should be in there somewh
Cramer. Once again people are paying way too much attention to janet yellen and way too little attention to whats actually happening at the companies themselves. That does not help us understand whats really going on with this market made up of stocks on a day when the dow gained 15. S p 50 up 18 and nasdaq dipped 8 . In a world of people that like to apine endlessly about the interaction between the government and the stock market. I know im a throw back todays when we looked at what individual companies were doing and how those actions impacted their stock. But just because im Old Fashioned doesnt make me wrong. Those that blabber about how stocks are artificially elevated because of the fed and thus destined for a fall literally kept you out of the market. My methods have kept you in. Remember my essential premise. Before equities became commod y commodities we used to recognize the power of individual companies to effect their own stocks. I still believe kpaning the company and how
Free people to govern themselves and peace. Mindful of this great heritage and the hard work and sacrifices of so Many American ancestors to us all, may the members of this peoples house deliberate in good faith, mindful not only of shortterm interests but of their place in history and of the tremendous responsibility to govern wisely for a Bright Future for our nation. May all that is done this day, in the wake of our national celebration, be for your greater honor and glory. Amen. The speaker pro tempore the chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1 the journal stands approved. The pledge of allegiance will be led by the gentlewoman from North Carolina, mrs. Foxx. Ms. Foxx please join in the pledge to our wonderful flag. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation, under god, indivisible, with liberty and justice for
Off with the fiscal cliff. The president meeting with more ceos today bringing his plan straight to the people culminating in an appearance in a factory later this week. Costco joins the dividend parting initiating a 7 a share payout on top of the regular dividend. And a shakeup at groupon. The board may be considering cofounder being released. Theres powerball fever. 500 million big ones in the pot. How would you spend the money and how does the fiscal cliff factor in . Well talk strategy with a former Lottery Winner. We begin with the fiscal cliff. This afternoon president obama is scheduled to meet with several Business Leaders including ceos of home depot, macys, caterpillar and at t but futures are falling with signs there are troubles with negotiations on capitol hill. A market credible deal to solve the cliff is key to economic growth. That annual growth idea, that prospect is real in my view if we actually did get a market credible 4 trillion plan. The markets would realize tho