I am stephanie ruhle. Happy to be back with you. We are back here and we have news to cover. So the bees. Outhis has been a not come a knock them out, drag out fight. So the bees sothebys is going to be accepting three new nominations to the board. They expect to work collaborate with the board and are committed to working with the leadership team. Lets talk through that. The fox enters the henhouse. Many people say maybe they saw the writing on the wall. They do not want to risk losing board seats, so they extended three more. Day, oh, hehe disagrees. Are they really rowing in the same direction . They are all stakeholders in this company. We know what dan wants to do and continues to want to do with some of these sothebys. Is going tohow it be one big happy family. A board should never become happy 24 7. It is good to have people on the board calling them out and have been part of the business for your. Board, bill big ruppert and from the company. I opened myself up again. He unders
Shares a World Wrestling entertainment are getting slammed, falling 43 after the company said its new Online Tv Network will not make up for lost a per and ondemand revenue until next year. Wwe needs 1. 3 million subscribers to 1. 4 million subscribers to generate enough income from the network. Blackberry is losing a board member. He will not stand for reelection after one year on the board. He is the former ceo of sony ericsson. The move will leave the board with six executives. The next battleground in the applesamsung fight may be over a graphitebased material which could be ideal for wearable devices. It is a hightech version of cling wrap and is thinner, stronger, and more flexible than current technology. Both apple and samsung have been racing to secure patent. Two applications in the u. S. , while samsung has 17. Back to our lead story of the day, it has been a rocky time in the Public Markets but the valuations of many hot startups are soaring and show no signs of cooling off
Stuart lets take it off this morning with some of the bigname stocks. Pilgrims pride offers to buy wilshire. They are both food conglomerates. Remember, phil scheier offered to buy pinnacle for 4 billion. Conglomerates getting together in the food aisle at the Grocery Store. We are a couple solid rallies away from 17,000. We have that graphic ready to use. Here is the s p 500. Look at it now. Up another 10 points. Charles is here this tuesday morning. A lot of people talking down the market. You are always bullish. Not about the overall market, but about stocks that you like. Charles i am bullish on america. I am not always fully invested. China predicted the top was ridiculous. In the last 100 years, there may have been one dozen crashes. Are we close to the alltime high for the alltime low . Nothing has outperformed the market. It is about owning great individual companies. Stuart a lot of stocks that have gotten beaten down over the last couple of months. Amazon is well above 300. T
We will also go inside the high frequently trading debate like never before. Bob pisani making trades with a tracedayold trader and hft guy. The we held the piece. Its going to air today. Im joined by simon at the nyse. Hi, simon. Making a bit of a comeback. Heres where the biotech stands right now. Thus done 11 . The etf that follows, ibb down 13 . Both, as you can see, every recovering today. Ibb up about a percent in line with the broader market. Shares of citigroup are doing really well. Were up now over 4 , this after the bank beating income expectation. Net income 4. 15 billion last year, up from 4 billion a year earlier. Since the second week of the year, shares of citigroup have dropped more than 11 . This is a welcome respite. The dia that tracks the dow is higher. S. P. Y. That tracks the s p 500, the qqqs that track the nasdaq 100 and iwm, which tracks the russell 2000, all higher on the session. Energy stocks are also doing well. Transocean, halliburton, baker hughes, all i
Angle. The only Goldman Sachs angle here is like two days ago there was an issue with option markets from the outside in that case goldman. This feels once again this isnt an exchange problem, not a problem within the nasdaq. Sounds like something from outside coming in that they dont understand or cant gauge and that is going on. That is the only comparison i am making. There are so many market players. We have the centralized exchanges that are supposed to be responsible and a palpable. Everyone is feeding off of their data and going in, one big happy melting pot of a global marketplace. What is happening is a lot of stuff happening quickly and even the people in programming dont understand what it is and that is my only point. My point is tuesday was goldman, today we dont know who it is. It could come from anywhere, some kid in his basement. Cheryl i want to clarify the breaking news situation and make sure i clarify again theres a lot of speculation, do appreciate you weighing in