That was bad. They are in davey jones locker. Nice work with the markets, andrew. Down two weeks in a row. Two weeks . Was there a single up day . I thought there were two up days. I looked. Might have been two up days. You cannot hold me responsible for what happened. Did you turn bullish or something . Have you been saying bullish stuff for the past two weeks . That would give people a clue. Cisco, walmart. All the retailers terrible. Everything was terrible. You left, everything was terrible. Now you are back. Interest rates are up 0. 25 in the last week. Terrible headlines this morning. Andrew wants to get to the headlines. Youll want to comment on this, im sure. Making headlines, the u. S. Government looking into whether jpmorgan hired the children of chinese officials to help it boost its business in china. The New York Times citing a u. S. Government document for the details of this investigation. Jpmorgan saying its fully cooperate with regulators. The company disclosed part of
The dow is down 36 points. Were off the lows of the session, and were keeping a close eye on the yield of the 10year note, which has been approaching 2. 9 , which traders keep telling me could be a negative trigger for this market. Thats the big issue, schbt it, 2. 9 on the soyear. Volume on the low side. No surprise. Were into august, end of august. Target, j. P. Morgan, though, the worst dow performer. The government is reportedly looking into the firms hiring practices in china. Is j. P. Morgan in the administrations cross hairs forever now, and if so, we will have analysis. And facebook may be redfaced today because the Facebook Page of mark zuckerburg, yes, the Mark Zuckerberg, it was hacked. If his page isnt safe, is anyones . Its yet another blow to internet privacy and security, and well have much more on that story still to come on todays program. Scary stuff. Lets check the markets as we approach the final stretch. The final hour of the day, the Dow Jones Industrials average
Biggest ipo in american history. The apple ceo takes shots at Companies Like facebook and twitter. He says that apple does not scan your emails and believes in telling customers upfront what will happen to their personal information. First, the lead story of the day. Billionaire Larry Ellison is stepping down as ceo of Software Giant oracle and will become a chairman and chief technology officer. He is the worlds seventh richest person, and has been the only ceo in oracle history. He cofounded the company in 1977, growing into a world leader in Database Software with a market cap of more than 185 billion. Taking over for him are two trusted deputies who will become coceos. They stress continuity. They deserve recognition, they deserve the ceo title, and i am happy that our Management Team continues forward as a team. Oracle shares are trading down at afterhours. Joining me is bill, corey and san francisco, and the cofounder of a sun microsystems, which was sold to oracle years ago. Tha
15,549 even. For the s p 500, alltime high, write it down, 1689. 40 is the new high for the s p 500. Up 8 1 2 points today. Nasdaq sitting around a 1year high al 3611 with gain in the session of 1. 25 points. We have action for you coming up. We will be talking about the record highs with ben and Deutsche Bank and our own mandy drurry joining us. We will talk with gene munster from piper tehrikejafria from. Expect microsoft earnings, 75 cents, expected. Lets kick off the discussion with todays record highs. Thank you everybody for joining us. So ben, let me kick this off with you. Market at alltime highs. Would you buy or sell here . Well you may not want to add, but definitely dont sell off. These markets tend to overshoot. We are not adding here, but definitely maintaining in balance portfolios. Okay. So you dont want to sell it but certainly you certainly would not be adding here. Paul, would you agree with that . I completely agree. I believe in looking at the longterm trends. And
Ronald johnson says officers came under heavy gunfire, but those officers did not fire any shots, at least two civilians were wounded though. More than 30 people were arrested, and captain johnson is urging those looking to protest peacefully to do so during the day so police can focus on those committing crimes after hours. Anyone who has been at these protests understands that there is a dangerous dynamic in the night. It allows a small number of violent agitators to hide in the crowd and then attempt to create chaos. The catalysts can be bottles thrown, molotov cocktails and, of course, shots fired. Protesters are peaceful and respectful. Protesters dont clash with police. They dont throw molotov cocktails. So the protests also brought some very scary moments for msnbcs chris hays and craig melvin when protesters began throwing rocks at them from a live report. Reporter weve been out here since the live show at 7 00 p. M. And whoa. Whoa. Hey. Hey. Hey. Watch out, chris. Reporter you