Weve had disappoints galore in pretty much every sector. Its been almost nonstop depressing. Its hard to recall a time when the misses were sao widespread. Earnings fell at abc and a strong dollar played havoc with merchandise sales. Leading to a sharp decline in the stock. It didnt do the number. Even the worst earning seasons have Silver Linings and youre seeing stocks line with silver everywhere. Which is how we could rally so hard today. S th nasdaq we could only run like this when oils going higher and the dollars going lower. Wot stronger oil and a weaker dollar, the rocket guys nowhere. Classic failure to launch. Or when theyre going in the opposite direction were going up in flames. This market is as stupid as uncoated free sheet paper which is even dumber than plywood. It believes when oil is up, the Global Economy has a pulse. More travel in india, more jobs in the u. S. Why do traders reach these conclusions . The oil market is supposedly glutted, way too much supply. Theref
Shake shack some of the big names getting set to post their results. And then we will hear from disney ceo bob iger moments after those results are released. I wonder if he has seen the star wars movie yet. Plus chinas stock market rallying 16 over the past month. Jpmorgan chase executive of the Asian Pacific will tell you whether its over for the stock market. Dominic chu takes a closer look at the changing of the guard, if you will. Dom. A huge changing of the guard, a new world meets old world General Electric one of the most Iconic Companies in American Business history now, yes, worth less than facebook a company thats only be public for a years now. As you take a look at the market values you made mention of the fact that facebook is worth 306, perhaps 307 billion thats rare a if i had air. Lets take a look at the concept and put it in context of some of the bigger names in todays stock market the s p 500. If you take a look at current market values apple still at the top of the
The leviathan two, owned by jamies whale watching, is one of the largest in the companys fleet. The company went through another deadly accident in 1998 when one of their vessels capsized during an excursion. Killing the boats captain and a german tourist. Don champion cbs news. 3 officials with canadas Transportation Safety board are planning to investigate this. Now the boat did have life jackets. But passengers are not required to wear them. 3 a body was found in the Missouri River last week. And the Dakota County Sheriffs Office and South Sioux City Police Department say it was an accident. A kayaker going down the river late thursday afternoon. Officials couldnt look for the body until friday because of the weather and poor light. A Dakota County sheriffs patrol boat found the body just south of the homer boat ramp. And identified it as 32 year old robert galvin. Whod been reported missing last sunday. An autopsy showed galvin had drowned and hed been in the water for a few days.
Harvard Business School is here. Nejra cehic joins us now. Republicans and democrats are condemning Donald Trumps call for a ban on muslims entering the u. S. Trump wrote a Statement Last night at a rally in south carolina. Donald j trump is calling for a total and complete shutdown of muslims entering the United States until our countries representatives can figure out what the hell is going on. Jeb bush called trump unhinged. Chris christie said this is the say whenhing people they have no idea what theyre talking about. Beijing haven raised in air pollution alert to the highest level. The smog is seven times the level considered dangerous to health. Beijing has suspended schools and banned outdoor barbecue. Oscar pistorius is now free on bail. Under housein arrest while appealing his murder conviction for killing his girlfriend. South Africas Supreme Court of appeal overturned his lesser sentence of manslaughter and convicted him of murder. You can get more on these and other breaki
It is the last day of the trading week. Lets check in on markets with caroline hyde. It has been quite a week. Caroline the hangover seems to have hit. A few heavy heads amid the christmas festivities. It looks as though the hangover has set in stocks as well. We have euphoria after we saw at last the Federal Reserve increase their rates, and actually, the markets seem to abide by the fact that janet yellen is saying the economy strong enough. Now we have a deterioration. On the stoxxing 600 after all the gains of the Federal Reserve rate hike in the u. S. Have been wiped out. Significant declines and the United States yesterday. If you dig into the Industry Groups, have a look at this. Across the board, nearly every single Industry Group is falling on the stoxx 600. Miners are up. Up 1 , leading the charge after we saw that china copper looks like they might be a building stockpiles. That is helping metals this morning. Miners overall managing to weather the storm today. Look at it in