The s p 500 climbing and nasdaq advancing. 75 to make another 15 year high. You know what i say . I say congratulations to everyone who made it thisser far. Never the less, you know what market we are in we are in a what have you done for me lately kind of business. Meaning after the president s holiday, we have to do consolidating. We dont want to go up too far too fast. We can not keep paying up for them unless we find out that the companies themselves are doing better. Otherwise this market runs the risk of getting overvalued. It will get there if we rally endlessly on the same pieces of information and not new hire earnings estimates. The reason we have been willing to pay more for the same set of earnings is because the backdrop is better. Specifically the employment backdrop in the United States and the news backdrop out of europe. We have been stymied by the Ukraine Russia conflict and we may be on the verge of solutions to both and i believe that will happen. That means it will
The water was rising up to my neck. Relentless rain continues in the Southern Plains. Firefighters pulling off one rescue after another. The death toll is rising. At least 23 people have been killed . The former speaker of the house indicted on federal charges. Dennis hastert is accused of lying to the fbi about more than 3 million he agreed to pay, allegedly, in hush money. The faa is investigating incidents over new yorks lay land. Four separate pilots reported a green laser. Despite the recent scandal, fifas long time president szepepp blatter will win his presidency. Some would argue the declarations of independence are you comparing yourself to the signers of the declaration of independence . Correct. Thank you two spelling wizards both crowned the wizards of the National Spelling bee. What are you going to do this summer . Im watching the nba finals. A manhunt is under way in kansas after an Oklahoma Police officer shot head n the head during a car chase. A spectacular volcanic e
Update, you are saying why. You are wearing green. I was wearing red yesterday. Xm markets are up 170 points on the dow industrial average. The s p and nasdaq both of exactly 1. 17 . Stocks are not correlated . This is a gigantic relief rally. We were worried about the emerging market, and that seems to have dissipated. Even gold, oil and yields are up. A keysipated for now is thing because we have had a return of volatility, and tomorrow is the jobs report, so you could have another big up or down day depending on what the numbers show. Another top story we are formerg is involving the sac fund manager Matthew Martoma, with a verdict coming down that he has been found guilty in the most lucrative Insider Trading scheme ever. Federal prosecutors wrapping up their seventh invention in their sixyear probe of sac capital and its billionaire founder. 20 years potentially . Potentially 20 years because i guessrades he did on, not now allegedly because he was convicted of it, included Clinic
News. Uk had its best manufacturing numbers in three years but the Ukraine Tensions remain as well. Our road map begins with the markets right now futures edging higher as the nasdaq looks to bounce back from the worst threeday drop in over two years. Will i turn around . Citigroup agreeing to pay over a billion dollars to settle claims dating back to the financial crisis in 2008 but thats not the only tough news for the companys stock. Well explain in a moment . Another rough quarter for samsung, operating profit falling over 4 this year. Does the tech giant have some reason to smile . Its coming in a box this week. Well talk about that in a few minutes. First up, what will it take to end the stock markets losing streak. The nasdaq suffering another big drop closing at a two month low and down more than 6 from their recent highs hit a month ago. The dow and s p posting their worst threeday losing streaks since late january. Jim, yesterday on this show you said you would not be afraid
The u. S. To the downside by almost 3 . Macro data has largely missed today. Everything from China Services pmi to german factory orders. Our road map with alibaba. The ecommerce giant files for what could be the biggest internet ipo in history. A peek at chinas fast growing ecommerce market and one unusual company. Record earnings for disney. Frozen sales continue their hot streak. Disney chairman and ceo bob iger will join nous a cnbc exclusive. Shares of whole foods plunge down 17 this morning cutting their outlook, profit disappointing the street. Well hear from Ceo Walter Robb first on cnbc. Fed chair janet yellen will head to the hill about an hour from now. Is she going to move the markets . First up, alibabas filed for what could be the Largest Technology ipo in history. The offer could value the chinese ecommerce site at more than 100 billion, raise more than 16 billion which would top the amount that facebook raised at its 2012 ipo. Yahoo stake in alibaba worth about 26 billi