What happens if the response is more aggressive and more violent. Hong kong, of course, is a vital city for global business. We will have a live report from the center of the turmoil and will be talking with some experts on where this may go from here. Meanti meantime, whens going on over there and here and affecting your money. Time for our Closing Bell Exchange today. We have sam stillball, larry glazer, renee norris, derrick gruden and our own Rick Santelli joining us, as well. Renee, you believe we suffered technical damage in the market last week. What do you think thats going to do here . Where are we going, do you think . You know, i am really watching that on top of the fact of a major divergence of the russell 2000 and the large cap index so i am watching that closely. I do think that this could be the Tipping Point for the correction. Between the geopolitical issues were seeing, this divergence and the fact that its a tired market. This is one of the longest periods of time w
Its not good, might be excellent, wait a second, its trading down, lets go over the quarter again, maybe theyll explain things on the call or does the market have it wrong . There. Thats an accurate depiction what you hear behind the scenes during earnings heavy days like this one. Day where the dow gained 62 points, nasdaq climbed 4. 17 . Earnings season, earning season is a mad house and for the one week at the very height of each period right now, its a mad house where the guards have been locked up and the inmates have taken over the asylum. House of pain for 48 weeks out of the year, theres enough time for you to think before you make a judgment. But for four weeks a year where we are overwhelmed with earnings report, this week, you are up against terrible odds and making mistakes is all too easy. So how do you make things better . How do you handle the pressure during the height of earnings season . First thing, you avoid the battlegrounds those are total nowin situations. Right
Dont want to call it a bottom yet yet. The lows we achieved. 13 , the russell. Still not made a new closing high since i want to say march or july, july would have been the interday high. Thats the one to watch f it can come back, more of a sigh of relief, the big major averages following suit. Talk more about it, our Closing Bell Exchange for this thursday, joining us this hour, Heather Hughes from sin america funds, joe quinlan from u. S. Trust with us here at the big board today, Dennis Garthman from the garthman letters out there somewhere, lex luther from oneil securities and Kenny Polcari from oneill securities, yes, he shaved his head yesterday. Oh, wow. For cancer research. Got it, kenny. Have more on that coming up in a little bit. And our own rick santelli, still has his full head of hair joining us from chicago. Despite the bond market last week. Hasnt been pulling it out the last few days. Dennis garthman, start with us, every day, we can come up with a reason why the marke
When the system flash froze. And the nasdaq simply stopped trading for three hours in the afternoon. Boo every night i tell you how the market closed. Well, tonight, but this evening, i dont feel like sharing the numbers with you. Ly f the nasda. Dow rallied 66 points, s p climbed 0. 8 and the nasdaq advanced 1. 8 , i think. I find what happened today profoundly disappointing. Disheartening. You know what im . Plain sad about it and angry too. To recap at 12 20, the prices just stopped. No one said anything. The quotes just seemed to freeze. We heard nothing from anyone. From anywhere about what was happening. The New York Stock Exchange continued to trade, and we dont know what happened at 12 20. The prices came back to life at 3 25. No harm, to foul, right . Easy come, easy go. No official came out from nasdaq at that time either. What give, guys . Let me go over this. Let me go over why this is such a travesty. First, there are officials involved with nasdaq. It has a chief executiv
As we did earlier today. Only the dow inched off, s p slid. 20 . Nasdaq advanced. 04 . Take this morning, im walking out of the New York Stock Exchange after squawkon the street, going in at the exact same time is the comanager of my Charitable Trust. She sees me and said what do you think of the decline in aerospace here . I said, it makes no sense to me. We know business is trick. She couldnt think of any reason for the weakness either. I said, maybe its the failed sale of b. E. Aerospace. They make seating and galleys. Not that long ago, the company decided to explore strategic value. We know there has been tremendous takeover lately. When i read that b. E. Is going to break itself up rather than sell itself, i figured that maybe someones using this news to make the case the aerospace cycle has slowed down. B. E. Was down 5 when we saw each other. It did reflect poorly on the airline business. At least as of that moment. She said, how about buying United Technologies for the trust,