To doing away with a rule that football fans absolutely hate. It is 10 00 a. M. In new york city. You are watching Market Makers. I am Erik Schatzker. I am stephanie ruhle. Sackednfl going to get i am betting you thought that was corny. I am cringing, and we know i am the cheese of the show. Lets start with the big news ebay spinning off the paypal unit, bowing to carl icahn, who pushed for the split nine months ago. Donohue opposed the move and he will be leaving once the spinoff is complete. Lets bring in senior marcus correspondent julie hyman. What arent senior markets correspondent julie hyman. What are investors saying . The conventional wisdom is this does more for paypal than it does for ebay. Why are they splitting up . Why did carl icahn start pushing for this nine months ago . He felt as though, and it seemed other investors agreed, that paypal was being held back by ebay. Than half ofmore the volume of payments from paypal comes from ebay itself. Was it holding it back in t
Targets chief Financial Officer. The cfo will be joining us in a power lunch exclusive to give us his financial forecast. We begin now with the health of the American House housing market, and new numbers on home sales as we begin to gear up for that spring selling season. Fingers crossed it comes. Youve got dr horton and toll. All moving to the down side. Lets get to diana who is live in washington. Hi diana. Hi mandy. After a disappointing report on january sales of existing home sales of newly built homes out today a bit more heartening but you have to keep them in perspective. Take a look. January sales came in at an annualized rate of 4,1,000. Thats flat from december but december had seen a huge 11 monthly jump, and we didnt give any of that back. Thats good. The 30year average for new home sales is over 700,000 a were. We still have a long way to go. Sales of new homes priced under 150,000 are onethird of what they were a year ago. That is why luxury home builder Toll Brothers i
the nasdaq, up 15.5 points. s&p 500, looks like, is at another all-time high at 1,570 and change, up about 8 points, 0.5%. higher for the standard & poor s. so two major records for the major averages. another winning day on the street today. the dow setting that new high, finishing well off of the highs, however. back with me is michael santoli, frank james from james advantage family of funds, and our own rick santelli. gentleman, thank you all for being on the program. what s the next catalyst for this market? i think, honestly, we have to see if earnings come through or if they are a trap door this time around. i don t know. what the markets have done is it s punished those cyclical areas where you did not have the momentum. u.s. steel is on a new low. the cyclical stocks in general, the global growth story, that s where your correction has been and you ve had this kind of steady blue chips that have carried the day. and to me, earnings have to come through for you to k
we are headed to texas and we are very excited to make a stand at the alamo. among special reports we are focusing on cybersecurity the capital is in san antonio. that from one of the first states to recover from this recession. we ll see if that gives more optimism to the markets. we ll see the close on the closing bell. a powerful rally on wall street, stocks powering ahead on hopes greece will get out of its debt mess? is this a turning point for the bulls? live from the new york stock exchange, this is the final and most important hour of the trading day. there is a live picture of the floor of the new york stock exchange. we enter the final stretch. this is the closing bell. i m maria bartiromo with scott whopner. money moving into stocks. a bit of a relief rally on the sovereign debt fears we have been focusing on in europe. word that broke a couple of minutes ago as tyler matheson told you germany is considering along with the eu a plan for a loan guarantee
getting ready to close it up. the dow jones industrial average looking at a gain shy of 150. market was stronger in the day. very much a relief rally on real hopes there could be a bailout for greece. there were reports that germany and the eu may be putting together a loan guarantee. that gave the market a little bit of comfort. i should point out the nasdaq is the only of the three major averages to be positive for the month of february. that is a story in and of itself. the nasdaq hasn t had a positive month of february since 2003. we ll see if that can continue. dollar weakness today, energy stocks and materials to the plus side as well. caterpillar is quite the story. that gave the market a lift. a big upgrade today along with industrial names. caterpillar was up. coca-cola was positive, mcdonald s had positive numbers, boeing among the leadership groups in the dow. there is the bell. and the closing bell continues in just a second. [ bell ringing ] it is 4:00 on wal