Inking a major deal with sam sunk and blackberry ceo john chem is here in a first on cnbc interview to tell us more in just a few minutes. The dow up 16 points, as you can see, the s p relatively flat, slightly negative, the nasdaq also flat for the session overall. Remember, we have five record highs and then two days now where we have been unable to do that after a massive rally over the last month. Joining us in our Closing Bell Exchange to talk about these markets, Heather Hughes of sun america funds, rob more gam from v 26789 v associates, meg green of meg green and associates and jim lowell from adviser investment and very own rick san tellism welcome to you all. Welcome to the show. Let me show a chart very quickly, meg, direct this at you, where we have come the last month in the s p 500, an 8 1 2 rise, rallying from all the lows about concerns about ebola and the economy and now as you see, beginning. Isis. Meg, are you still bullish on this market . Im always bullish. I am ve
Back below that level. Cant quite decisively break above it. Same for the s p at 2100. Sam will have more on that. Walmart now giving a raise to thousands of workers boosting the minimum wage to 9 an hour. What prompted the move . And is Wage Inflation finally take hold in america . Carl is speaking exclusively with walmarts ceo. Well bring you some of that shortly. Well talk about whether the wage increase is a good idea or bad idea economically speaking. Listen up if you like uber and lyft. Theres a lawsuit that can change everything about those companies and if they can afford to stay in business without raising fares substantially. Well have the details on this developing story thats sure to get bigger down the road so to speak. Yeah. See what i did with that . I like that. Heres where we stand in the markets. Hello. Right now the dow also 34 points as mentioned back below that 189,000 mark. The nasdaq higher on the session. 19 points. The s p is fractionally lower today. I think o
Of the last 12 sessions. Were keeping an eye on oil. You saw that a moment ago on power lunch down to 48. 80. Its been the worst performing sector on wall street so far today, kelly. Meanwhile, huge news. The fcc voting to regulate the internet like a public utility. Well hear about the opposing views on this controversial ruling. Plus, a big lineup from d. C. Alan greenspan and sheila bair and Richard Trumka. Well get you caught up on the dow. Its down and s p is down 9 and theres the nasdaq. Yesterday, the first minus sign that weve seen in a couple of weeks but up three points. Joining me at the New York Stock Exchange kathy jones from charles schwab. We have Heather Hughes and jim lowell is with us today without a bowtie i dont recognize you. Doug gordon and welcome back Rick Santelli there in chicago. Ill start with you, mr. Market. While you were gone we had the testimony from janet yellen the yields continued lower, oil continued lower. What is the market telling you as you come
Look at the other markets as well. Weve got the nasdaq, the russell, and dow transports for everybody to keep an eye on. The nasdaq having a great session, um 1. 25 . Good enough to puck it back at 5,043 for the level the. The russell, the small caps doing pretty well, up almost 1 or 11 points. The transports are lagging a bit, up half a percent. They have suffered this year, especially, coming back a lit there will. In the midst of all this real action, there was a seemingly phony bid for avon. Halted shares of the cosmetic maker. More on that story later. What a crazy story that was midday at the New York Stock Exchange. Lets get to our closing bell exchange, talk about this rally the Economic Data, and a lot of other things. Heather hughes from sun america funds joins us today. Jacob jordan from hd best Financial Services with us, jason tried from glen meade is out there and so is Rick Santelli. Rick, youve established that you believe the rising yields in the treasuryies is what yo
Meek mike iscrosoft is suffering as well. You could argue that the dow would be doing better if it werent for that development. At the same time you have a company like disney contributing about 33 points of the gains that were seeing today. Dow is up 1. 4 which is outperforming the s p and nasdaq. Theres disney up almost 4 . If nothing else frozen 2 and star wars 8, is it . Ive lost count. But, yes, a real tugofwar of sectors that well be talking about over the next couple of hours. Another stock not joining the rally is box. Its getting hammered since its earnings report. The Ceo Aaron Levie is joining us. He says the analysts got their expectations wrong and thats why it looks worse. People are saying if we got it straight now, why is the stock still down as sharply as it is. Well talk about that with mr. Levie coming up. Were at the highs of the day right now with the industrial average up to 140 points. A game of 1. 3, almost 1. 4 . Thats the outperformer. Weve taken out a few res