Trump aimed for another win in nevada. If we nominate someone that 40 to 50 of our party cant stand, we are going to lose. Trump and rubio dont want to defend their records. They scream liar, liar, liar. Meanwhile the democrats are gearing up for south carolina. Secretary clinton seems to be adopting more and more of the positions that we have advocated. Thats good. The u. S. And russia announced that a cessation of hostilities in syria will come into effect at midnight on february 27th. In michigan, uber driver jason dalton confessed to an attack that killed six people. Microsoft founder bill gates is weighing in on apples standoff with the fbi. They say theyre fighting it because theres no such thing as a onetime only fix. No tech company is ever going to volunteer information. Wild scene on a california stet where a Small Plane Crash landed in los angeles. Incredibly the pilot walked away. The crane caught afirend collapsed at a construction site in melbourne, australia. All that in
Microsoft and alphabet last week and debate whether apple can turn the tech story around. Global debate about apple. More on that in just a bit. Valeant getting a ceo the same week Michael Pearson is to testify on capitol hill. Also argentinas return to the bond market. Kay kelly will return and tell us what it means. After the bell, well discuss why nikki sixx is calling on president obama to go after youtube. You have nikki sixx and youtube, only on closing bell would you have that. We start in saudi arabia today. All right. We dont start in saudi arabia. So lets go to our cnbc Closing Bell Exchange with the dow down 61 points. Joining with us we have rob weiner, ben willis and Rick Santelli checks in from chicago as well. Ben, the tradition lately has held leading up to a Federal Reserve meeting that the market tends to rally. Not a hard rule but that typically is what happens. Is Something Else going on . Something else is going on. When its the fomc by itself but the problem Centr
Has been quitegh sensational. Esea the chin market yesterday set a different tone even though people talked a lot about the level of intervention by the Chinese Government. Equity markets changed in a looks like the risk has been revived. Guy i think the last hour so much as happened. You had the military finance line come out of china which is really interesting. That has overnight given the market and nice lift. U. S. Futures appointing to an open, but that is today story rather than yesterdays. Anna some strong moves. The s p 500 gaining, making it secondbest again this year. I guess nos of rise making a big move no surprise making a big move. Technology in health care are the sectors that built up yesterday. Guy longerterm, you will see we are still significantly down. Yes, we bounced back sharply. There are a lot of things to factor in. We are waiting to see what the fed will do. This line from the chief economist of the world bank is absolutely amazing. He talks about the idea of
Requirements. With more on this, greg mcbride, chief financial analyst of bankrate. Com. Great to have you here, greg. Lets start with how these accounts would work because the last thing i checked out, walmart is not allowed to be a bank and here they are offering Checking Accounts. Explain. Well, gerri, youre right, they have wanted to get into banking for a long time. They actually pursued a bank charter at one point and kind of gave up the fight on that but what they are in this arrangement, theyre basically retail outthrough which this is offered this is product that belongs to Green Dot Bank which is fdic insured bank. So the money that you have is federally protected but walmart is just going to be the Retail Outlet through which this offered. I think primary appeal being no overdraft. That is a selling point to anybody. Gerri no overdraft fees. Overdrafts are a habit. Gerri go right ahead, sorry. I think anybody that, you know, had a history of overdrafts, you know, which is, a
The risk . Okay. Lets get you uptodate on whats happening out there in the markets. Guys, stocks have been you know, a little bit soggy. You is k see the dow and the s p moving to the down side in fairly narrow trading, but the nasdaq is holding its head above water. Not a huge amount of movement in either direction right now. As for oil, lets take a look at whats going on with oil. It is currently sitting to the down side by 1. 6 . Brent, meantime down by 2. 6 . You might remember became the first u. S. Corporation to hit 700 billion in market cap. Its just building on it today. I want to say billion dollar val walkings at current prices. To put it in perspective, take a look at what that 724 billion means in terms of the size of other large cap well known stocks in america. First of all its twice the size of microsoft. Microsoft is around a 350 billion company. Yes, apple is worth two times microsoft. Its awes bigger than four coke i dont colas. Thats about the size what im talking a