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
They are the Cinderella Team this year. You got to bring me one of those tshirts. Please, im begging you. Ill try. Its hard to get your hands on one. Im sure they are. Im Bill Griffith still here at the new york stock exchange. This stock market is also looking for its own cinderella story today, fighting to get back into the green territory. The dow has been on either side today of unchanged. Now down 21 points. Kelly, were going to explore whether this market actually has seen a stealth correction. Were also so focused on the dow and the s p, but is there a whole section of the market thats already seen its own correction . Well look at that coming up here. Now the students here at dayton fired up about basketball. But many are also pretty excited about legg masons bill miller speaking here moments ago. A legendary investor joining us exclusively in a few moments. Well get his take on the momentum stocks getting hit. Plus, his take on citigroup and the financials and more. Always loo
At costco. Their Earnings Report is out today. Very interesting. Is it a canary in a coal mine for the question of whether well see more inflation down the road . Costco said pricier merchandise. What they have to pay for the merchandise ate into their bottom line. Is that the biggest sign that inflation is about to hit the average american more than it already has. Well look at that later. It is all about how they pass those costs on. Thats an important debate. But were also going to talk about comments made by blackrocks larry fink. Hes rattled the Exchange Traded funds world by warning that the enstir industry entire industry is at risk. Well ask a chief invest. Ment strategist at wisdom tree if hes just as worried as larry fink is. Right now we had a little pop in the market about 20 minutes ago. Took us to the highs of the session. The dow is up 51 points right now. That is the high of the day. 16,684. Again were about 30 points away from an alltime high there. The nasdaq is up 20
True but look at gold today up 40plus dollars, back above 1,300. A lot of traders are wondering whether the market is responding to Janet Yellens comment yesterday that the inflation data has been nothing but noise. Well get into that in a moment. Private equity legend jay jordan says this market is overpriced and too risky right now. Where is he putting his money . Well ask him in an exclusive interview ahead. Looking forward to that very much. Also, netflix trading lower today despite that major announcement that Chelsea Handler is moving her late night show to the streaming Video Content Service in what is being billed as an historic move. But the market is not buying it. Not impressed. Youll hear from an insider who says this movie is not a slamdunk success for either netflix or Chelsea Handler. Thats coming up. Heres where we stand in the markets right now. Stocks under a little bit of pressure a day after the s p 500 set a new high after Janet Yellens comments and the federal res
For a while it looked like we might outperform, bill. Now the dow is off 1. 6 . 267 points. We needed to add 50 if we wanted to be positive on the month. The dow is down 1. 6 . The russell is down 2. 3 . The small cap stocks are taking a big hit today. Another recent leader in this market to the up side, the transportation stocks, down sharply as well today, down 115 points. A lot of breadth across the selloffs, it is pretty indiscriminate. If you are a value investor, that should mean opportunity. But the vix popping by about three points today, at 16. 5. We havent seen a move like that in that index in quite some time. Heres how we stand right now. The dow off 263 points. 16,616 is where we are trading now. Nasdaq off 1. 9 , shedding just about 83 points on the session. 4,380 or so is the level. The s p 500 over 33, down all the way below 1,940 down to 1,937 at the moment. Lets get to it. Cnbc Heather Hughes from the sun america funds, doug walford forecommercial wealth advisors. Jo