Oh, yeah. And the dow 16,000. Dagen now what am i going to say . Connell you will never be at a loss of words. Dagen i visit here and look marginally irritated. Connell ken burns is here. Dagen talking about the kennedy address. Connell a big show. Dagen connell will attack the baseball within a minute. Top of the hour, 16,000 counting, the dow and s p hitting new alltime highs. Nicole petallides at the new york stock exchange. Nicole a recordsetting day, however we will go ahead and say it again because this one is slightly more monumental you are hitting 16,000 on the Dow Jones Industrial, 1800 on the s p 500, and the nasdaq getting closer and closer to nasdaq 4000. The s p up onetenth of 1 , and some of the names on the Dow Jones Industrial are hitting new highs. We are watching that in particular, also keeping an eye on tyson foods. Tyson foods came out with their numbers higher chicken sales, higher beef sales, betterthanexpected 28 rise. Pork sales a little bit weak but Going For
Food and energy up. 1 of 1 . David apple right out of the gate. The stock rebounding after the slide yesterday. Investors brushing aside concerns that sales of new iphones might be disappointing. Liz there are reports this afternoon that at t is seeking buyers for its cell phone towers. These towers could fetch as much as 5 billion. David despite concerns about Interest Rates, homebuilders are more optimistic than at anytime since the mid 2 thousands. National homebuilders Housing Market index remaining at 58 this month, the same level as in august. Liz the sec announced Enforcement Actions against 23 securities firms. Securities Exchange Commission saying those firms improperly participated in Public Offerings after betting against the stocks. 22 firms have settled with the sec. David a bigger version of the boeing 787 dream liner is taking off. They hope the 7879 will help increase dreamliner sales and put the aircrafts previous battery problems in the rear view mirror. After the bel
Win yesterday, what is going to happen . This is a love fest between companies that are using the cloud. They are cutting out the traditional way that Companies Get their software. Earnings tonight, they have totally redone the center, david and not only mc hammer, tony bennett, but green day. Jim, i assume youre going to go to all of those . I have to go to them. I am credentialed, carl. How about this tunnel behind me. This is the largest tunnel in north america. Its assembled at the uk, brought here by ship. You know how he likes to do things on a creative scale. Oh, yeah. In the meantime, jim, futures are pretty steady, as you know. Watch for what they are calling a hat trick. S p, 1800. Ten years under 2. 7. Up 3 in reaction to some of the reforms coming out of china. Our roadmap begins with major market downsizing to 16,000. S p shy and the nasdaq very close to 4k. Boeing hiring the premarket on 100 billion in orders for a revamped 777. And microsoft gets a downgrade from bank of
These people turn to washington and try to see the Federal Reserve whether or not they would begin to taper the bond buying. We will get to some movers in a moment, couple of things, the 10year, and gold just spiked moments ago up 26. Keep an eye on gold. I wanted to take a look at walmart and cisco with two down components. Cisco systems carbon 5 of their global workforce. Back to you. Ashley thank you very much. Lori a reflection of the cpi, shows a little inflation in the system. Lets talk about the data they lose. The latest reading on the fed installment is the and Atlantic Region slow down more than expected in august. The news isnt much better in the new york area. Edging up 0. 2 in line with estimates. A bit of good news. Initial jobless claims fell more than expected to be lowest level in six years, so the best levels since the end of the recession. Does that mean a september tapering is more likely . Wells fargo senior economist. We have a stock selloff and a bond selling off
Interesting. Okay. You tied it in to dell and jpmorgan and everything else. Excellent. Larry, thank you. My pleasure. Join us tomorrow. Squawk on the street begins right now. Good wednesday morning. Welcome to squawk on the street. Im melissa lee with carl quintanilla, and jim cramer and david faber at the new york stock exchange. Stocks had a pretty nice day yesterday. The s p closed at fiveyear highs. We are looking to the down decide this morning. The dow looking to lose about 62 at the open. The picture in europe, a couple of downgrades for gdp forecasts from both the German Government and world bank. Italy is down by 1. 5 . Road map this morning starts off with the banks and earnings. Jpmorgan higher. Goldman sachs at 18month highs. Japan airlines grounding their entire dreamliner fleet. Dell shares falling this morning after david faber reports that a deal could be announced within two weeks, but at a price of 13. 50 or 14 a share, hes got the details. Rising food costs taking a