Coming up. We do have quite a rally with the dow in particular. The transports continue higher all the major averages are in record territory. We also have big calls on the Airline Sectors today and the banks as financials get set to report. Were heading into earnings season well have you up to date on those. Lets start on the floor of the new york stock exchange, mr. Robert pisani joining us with a recap of whats going on as we get ready for earnings, right . Yeah, a lot at stake here, but sixday winning streak, just six days in a row since december 17th p nasdaq has the best sixday winning streak since the end of january 2016. Were starting earnings on friday, there are very High Expectations thats my theme. A shortterm risk. The markets. Just on earnings, analysts are much more optimistic we hardly got any last quarter here were expecting bigger beats, not by a penny or two pennies but more than that if youre disappointed youre going to get hit more. Also, we have guidance here. Now
Steve feeling the heat, temperatures soaring into the 90s it felt worse, it did not take long for heat and humidity to sort of overwhelm you. Like a soupy mess, temperature was not only headache this was scene on the white stone bridge, heavy rain made evening commute a mess. And there are still flash warnings for parts of the area. Steve to audrey, that rain moved in fast for 3 minutes then gone. Audrey right, well see that over next couple of days, the storms produce heavy downpours they could result in flash flooding. You want to be aware of that. Lets talk about our heat, 91 in central park, we hit that number early in the day, it was 96 out to newark liberty, 94 high down long island. 87 at montauk point. Were mild at this hour, warm in newark it is in low 80s, same in central park and belmar. And we all know it is not about the current temperature it is about the dewpoint, this measures thes, National Weather service stretched out orb tristate area. Ics sept county. There there a
12 people confirmed murdered. I want to get everyone the latest from france. Here is what we know at 1 00 p. M. New york time. 7 00 p. M. In paris. 12 people now dead including two police officers, one was executed in the street after being wounded. The attackers apparently used ak47 assault rifles and a rocket launcher. At this point the three suspects are not in custody. They remain on the loose. The magazine had been threatened before after publishing cartoons of the prophet mohammed. Two years ago an editor and cartoonist who was murdered today spoke out against the threats. Translator cant make a caricature of mohammed in france . Of course we can. Mohammed is sacred for the muslims and i understand that. I am atheist. Mohammed is not sacred to me. I dont blame muslims for not laughing at our drawings. They shouldnt tell me under which law i should live. I live under french law. That editor among the dead at this hour. Police still hunting for three apparent suspects. This all hap
Today, all those typical things that usually happen when the stockmarket starts to sell sell off whachl i am struck by is you are starting to see what you would call a normal kind of reaction to some of these markets as stocks move lower here. Well, at the end of the day, its the consume were. Walmart has told us the consumer is not as strong as many thought. Cisco is telling us the Business Climate is not as strong as many of us thought. So this Market Selling off here on the idea that the economy is actually a lot more anemic than we thought. Only the naming of a new Federal Reserve chairman, not only the possibility of the beginning of tapering, which i doubt owe glow the debt ceiling debate is coming, the budget battle, all kind of things, by the way, chart watchers are watching the dow and the s p today. The dow is sitting on its 100day moving average and the s p is very close to its 50day moving average, although, we have moved off of those here. We will watch those very closely
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