Hour. If youre a regular viewer, you would know that. Well take you all the way to the close. Middle of the range so far in todays trade so far. You heard the brain trust. Pimco. You folks were having that last hour exclusively here on cnbc. Did they convince investors to stop pulling their money out of pimco in the wake of that shocking sudden departure of bill gross last week . Two Money Managers with skin in the game will tell us what theyre doing now. Thats coming up. A first on cnbc interview with nfl hall of fame joe namath announcing the creation of a neuro surgery center. Plus were getting the take on all thats been happening in the nfl, the controversy of ray rice and adrian peterson. You do not want to miss what he has to say. Joes not afraid to talk. Absolutely. Im sure he will have some thoughts and opinions about all those issues and certainly a lot of buzz as you can imagine here about that on the floor of the New York Stock Exchange. Right now, lets talk markets. One hou
Judge highs, low prices not helping the german economy. It begins with volatility in the market, russia fails to stabilize its currency. We do have it sparking in m a, buy iing towsman. Boeing ups its buyback. Cocacola updating the guidance for 2015. Below 2,000 for the first time. Russias central bank hiking rates 6 1 2 points. That has not stopped the ruble to sliding to record lows. The moscow stock market tumbling, all of this as the fed begins the twoday policy meeting today, which brings up an interesting point. If the discuss today, jim, is about considerable period, does the fed step on the gas here, when we know what that would do to emerging markets . The fed is very data friendly. They look at the things we are looking at. I i think the old fed before bebangie would ignore this stuff and say weve got to think about the next 5 to 10 years. This fed recognizes that the world doesnt work like that. I expect that there will be people who interpret yellen as saying that, look, sh
Suffered its worst trading session in 15 years. The ruble bounced back at the open this morning, but it has since dropped once again, falling into negative territory against the dollar despite these extremely hard core moves by the russians. Russian stocks selling up again as Oil Continues to decline. Michelle ka reduce sa cabrera will join us with the russian story and why the markets are very worried in just a moment. Headlines out of china grabbing attention this morning. The first flash reading of the hsbc pmi showing the First Manufacturing contraction there in seven months. It was a reading below 50. This is the latest sign of weakness in the chinese economy. Stocks rose on hopes of more stimulus from chinas central bank. As for how things are shaping up here at home, check out the futures this morning. At least in early trading, remember yesterday, everything reversed by the end of the day. We were up 100 points in premarket. But in the premarket this morning, dow futures are in
Has been 30 years of work on individuals and how we sometimes make mistakes so we might make investment errors and we might make errors in our choice of consumer products. We might make errors in what we are scared about what we are not scared of. Theres also been a burgeoning bit of research that hasnt been pulled together on how groups either aggravate or reduce the problems of individuals. That actually is a huge improvement over the idea of groupthink which is kind have been a popular conscious now. Groupthink means that groups often suppress the individual ideas and creativity of their members and that is a real problem. But to figure out what actually lies behind groupthink, what are the specifics that make it happen, thats something where we really have made a lot of progress in the last decades in the book tries to figure out for ways that groupthink so to speak happens in firms and families and governments and religious organizations and labor unions and student organizations
That groups of jurors often appears much higher awards than the average or middle member. So jurys got more punitive with the individuals and also measured how bad they thought the conduct was on a numerical scale and is the average individual was a five in the jury would be a six sum outrage people got more of rage those who want to punish corporations with a 100,000 reward after they talked they moved up 200,000 or 1 million. That is astounding day end up much more outraged than the individuals. That is something to learn about jury behavior. This is fascinating. What is happening is if you are outraged to hear that the court the correlation is terrible the number of arguments they will hear to suggest that it should be lower would be relatively low. So if you are outraged about United States the you think is hardly you or what General Motors is on the president s opponents. If the group is inclined to think that that will push is that way and i have seen the tapes watching it in rea