Lower open the nasdaq looking as if it was opening. All getting upgrades merger monday, among them 5. 2 billion farm deal and talk about drama hbo go crashes during game of throwns and thea who may be pursuing regional programming. The biggest loser was the nasdaq. 2. 6 drop. Led by all of those names before the bell on friday, cr are amer warned you the selling was not over. That is a dichotomy that people at home need to worry about. The insiders need to have a price that they wont go. I was, i mean, you are pretty good. But that was really good. You saved people a lot of pain on friday. That was a nice lift. The list was false because there is a lot of funds that are on the wrong side of the trade. I think we should never invest in irony. It was something to have a caesar chicken wrap on my shoulder and a pizza on my other shoulder. What happened friday is the beginning of liquidation. It started earlier in the week. There are funds that are down a lot in selling. Check the headline
Stump me with my mystery guest. My producers. We will see if they can do so. But first, headlines from carol massar. Pimm, thank you so much. The big headline today was the continued drop in u. S. Stocks. The s p 500 losing more than one percent. The index now at a three week low that has erased the benchmark game for the entire year. Coke Industries Run by the Koch Brothers and Goldman Sachs are group deal with flint from cvc capital partners. The deal may be announced as early as this week. And consumer borrowing in the United States rising more than forecast in the month of february. The 16. 5 billion dollar credit exceeded all estimates in a Bloomberg Survey of economists. Pimm, those are some of the top hedlines at this hour. Back over to you. Mergers and acquisitions. Over 400 billion so far this year in the United States. Today, five deals each worth more than 1 billion an ounce today. One of them involves a group that agreed to acquire alabama gas from energen. About 1. 3 billi
Forecasters predict the economy grew at a rate of 3. 1 . On the Economic Calendar today, weve got weakly jobless claims coming out. And well hear lots of names before the bell including conco philips, mastercard. The bulls looking to bounce back today. You can see this morning, there are some modest declines at this point. Dow futures down by about 6. 5 points below fair value. S p futures off by over 8 points and the nasdaq down by over 8 points. If youve been watching early trade in europe, you will see some biggest declines there, as well. And the major markets in asia ending mixed. The nikkei was up by just over 0. 6 . Hang seng down by 0. 5 . Shanghai higher about 0. 735 . While were talking markets, a number of stocks that are on the move this morning, visa posting better than expected results. Theyre saying mobile payments will be a great driver for the business. So theyre not worried about walmart and the other folks starting up their own. The Company Announced a 5 billion Shar
Hired to go after republicans. And theres a budget deal. No big changes in taxes or spending, but almost certainly no Government Shutdown either so where is the stock market rally . Were looking for it. Varney company is about to begin. Every day were working to be an Even Better Company and to keep our commitments. And weve made a g commitment to america. Bp supports nearly 250,000 jobs here. Through all of our Energy Operations, we invest more in the u. S. Than any other place in the world. In fact, weve invested over 55 billion here in the last five years making bp americas Largest Energy investor. Our commitment has never been stronger. Yep. Got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. So i kn untilt was full. Youd be crazy not to. Is tt nana . [ male announcer ] fedex one rate. Simple, flat rate shiing with the reliability of fedex. Try align. Its the number one ge recommended probiotic that helps maintain digestive balance.
Earnings, earnings and more earnings, a mixed bag. No wonder the market starts amid a mixed bag. Ups ground after releasing its quarterly numbers but qualcomm taking off. Investors giving the chipmakers forecast a thumbsup and a big way. At stock continuing to move higher. Good afternoon, and i am liz claman, last hour of trading, countdown to the closing bell begins right now. Stocks in a Holding Pattern ahead of the big january employment report being released for tomorrow. As you can see mixed, the Dow Jones Industrials just a second ago down only 9 points. I thought we might make a run for the flat line, not quite yet, the nasdaq and russell in positive territory. On his last trading day we wanted to highlight the markets january performance, actually been a great month for the bulls, mcfeel like it but it has been pretty good, the dow 6 . That is the best month for the blue chips since august of last year and the best january since 1989. Not that bad. Check out the s p 500. It is