Ride, down 1. 5 at 4155. There are ways to win while the markets drop and we will look at the etfs, they kind of go the other way. We are talking about ways to short the emerging markets without taking on too much risk. Its tricky but you can do it. And signs, signs, everywhere a sign as the old song went. We will look beyond the indexes and the data at some other key stats like trucking and shipping activity to get a different view of whats really going on with the u. S. And the global economy. First, though, lets check in with sue at the nyse. Its a very unpleasant day for the bulls once again today. Ty showed you the numbers just a minute ago but lets take a deeper look at the dow intraday. Take a look at that chart. We are off 200 points plus on the Dow Jones Industrial average. That is just a tad off the low of the session. We have been deteriorating throughout the day, really. The transports, i wanted to highlight because they are really getting hammered today. We are now off bet
This morning after the dow and the s p toastposted their best gains of the year. And carl icahn said one company has the worst Corporate Governance hes ever seen and Steve Ballmer making his first address since leaving microsoft, he did not disappoint coming to you later this hour. But first up well start with the markets, stocks coming off a record session, the s p a record high and the dow and the s p having their best day since december 18th. And adp showed the economy created fewer private sector jobs in february as the cold weather restrains hiring. You said the data has been okay. The durables and the chicago pmis have been all right. We have great data out of europe pmi. How could the economy be good and stocks be good and employment be bad . The economy is not necessarily good its delivering but with the employment weaker and the macromanufacturing come out and continue to amaze and the Mortgage Application number this morning that is strong. If you get russia off the business
Including todays roller coaster action. Markets closed up, the dow rising 2 points, the s p gaining 0. 38 . Stocks are going up or down not because of Revenue Growth or lack thereof. Thats the simplistic way the newspapers are explaining it. Theyre going up or down because of expectations with a capital e. Often the expectations are just too great going into the quarter, or the expectations are negative enough that poor expectations should be the title of some of these Conference Calls. Take caterpillar. It reported a hideous quarter because it was the worst of times in china, the worst of times in china. Not the worst, but certainly in america. On top of, that cats management lost its optimism and started it, well, an attitude of resignation. Next year will be better. Thats the attitude that often precedes disappointing seasons in every sport, as well as disappointing numbers in the sport we play in. This was not kathmandu. It was catnodo. So what happens . The stock looks horrible in
Action. Markets closed up, the dow rising 2 points, the s p gaining 0. 38 . Stocks are going up or down not because of Revenue Growth or lack thereof. Thats the simplistic way the newspapers are explaining it. Theyre going up or down because of expectations with a capital e. Often the expectations are just too great going into the quarter, or the expectations are negative enough that poor expectations should be the title of some of these Conference Calls. Take caterpillar. It reported a hideous quarter because it was the worst of times in china, the worst of times in china. Not the worst, but certainly in america. On top of, that cats management lost its optimism and started it, well, an attitude of resignation. Next year will be better. Thats the attitude that often precedes disappointing seasons in every sport, as well as disappointing numbers in the sport we play in. This was not kathmandu. It was catnodo. So what happens . The stock looks horrible in the premarket that time this wh
Investigation of their metals warehousing businesses. In other washingtonrelated news, president obama has a series of economic speeches planned for the week ahead of key budget deadlines this fall. Hes going to be delivering the first address on wednesday at a college in illinois. More from john harwood on that next hour. Corporate news, apples main website for developers was attacked. The company now saying that no customer information has been compromised, but they cant rule out stolen data on developers names and addresses. As a result, apple is overhauling its database and Server Software to prevent future breaches. Good morning to you, mr. Kernen. Oh, good morning. Good morning, andrew. Good morning. I was up late watchle mickelson. Right. I bet you were. But i recorded it because it was over early. I didnt talk to anyone, look at anything, go anywhere. You had no idea . No, i made sure i had no idea. I didnt look at twitter, didnt look at any of my i saw something from alerian.