Then hold on to our Massive Gains today . Howdy the dow end uproaring 619 points, s p pulled more than 3. 9 , largest gain since 2011, and nasdaq rocket 4. 25 . Where were all those sellers . Where did they go . Did they fin Senate Judiciary committee had they left the building for good . For starters lets speak to the whole random nature whats going on in this stock market these days. Of course were trading in lock step with the s p futures at the open. They rallied hard from the getgo today. After falling some 10 for the year, then they tipped big time in the middle of the day. Oh, it looks scary. Then they powered right back up. And then some at the close. Hows that possible . Ive even got some substantive things happening that are pretty positive but maybe more important some ethereal, mechanical, and purely emotional factors that could be at work here. First, in this environment, we always got to turn to china, right . Thats the primary reason for our stock markets action. While t
Welcome to power lunch stocks are mostly in the green but off the best levels. Nasdaq hitting new intra day record highs check out shares of walmart soaring more than 4 adding more than 20 points to the dour the dow he they bought back more than 20 million worth of stock and airlines are up 2 to 6 bullish signs fueling this group. We have the details just minutes away and im Michelle Carusocabrera here is what else is happening pfizer is thinking about spinning off its 15 billion Consumer Health care business. Honeywell also shaking up its business focusing more on aerosparroeros. And the imf raising its Global Growth forecast to 3. 6 this year and 3. 7 for next year. President trump right now having lunch with secretary of state Rex Tillerson. That is their first meeting since the reported moron comments eamon javers is live with the latest this one could be interesting. Reporter yeah, thats right. In fact what were told by the white house is this is not the first meeting, it was not
That will only fuel the debate about about the power of the network and the content that appears on it. Lets show you some of the details. Facebook made profits of 4. 71 billion in the three months to september, up 80 on the same time last year, as advertisers spend ever more cash. Well over two billion people log onto facebook at least once a month, more than a quarter of the worlds population. Its up 16 over the past year. With this vast reach of course comes growing scrutiny, for example, over its role in the us election. Earlier in the day, facebook admitted to a congressional hearing that political content originating from russia was seen by 126 million people, a huge chunk of the electorate. Its chief lawyer said the company was sorry and would learn from its mistakes. None of this has put investors off. Facebooks share price has hit new record highs this week, valuing the company at over 530 billion. It pains us as a company, it pains me personally to see that we were. That our
Hey, gerri. Hey, neil. I took a look at the results. Start with home depot. They were out with a solid Fourth Quarter beat. Eps, earnings per share up a dime over expectations 1. 44 versus 1. 34. The housing recovery has legs here. Alltime high for the stock as youve been seeing on our network. Lets talk about walmart. Here is company struggling with amazon as a competitor but they come in with a handy eps beat. Their earnings per share up a penny over expectations at 1. 30. Revenue fell short of expectations i should say. Here is what they are doing. They are putting all their money in ecommerce. They invested in five, excuse me, three Ecommerce Companies over five months. A lot of money going into online sales. It looks like it is paying off with traction against amazon. Tough ask yourself, hey, what would happen if the republicans border tax went through . What would happen to the results we see from retailers . It is not such a great story. If youre a retailer, buying a 10dollar ts
Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Good wednesday morning to you from me as well. Happy international weaponom day. U. S. Equity futures after another minor selloff, first backtoback declines since january. We are flat to mixed. Seeking a catalyst. Stocks are taking a pause globally here waiting for the next signal either out of washington, Federal Reserve next week. S p 500 futures down two. Dow up 1. 24. Nasdaq futures down less than one point. We are seeing the yields tick higher. Not massive moves in the bond market, but certainly that ticking of higher yields into the fed meeting, where the fed is expected to raise Interest Rates next week. Well see what the jobs report shows on friday. 2. 53 is the yield on the tenyear. Ticking higher. Kept the dollar supported but also only ticking higher because moves in yields have not been luge. China posted a trade deficit of 60 billion yuan, the first in dollar terms since 2014. Exports rose 4. 2 in febr