Half hour from now it looks likes the s p may be down ever so slightly. European markets were in the red last time i look thank you for spain and for italy, maybe one day well even get a look at the bond market. The tenyear note yield is important right now, particularly given that 2. 14. Wow. Wasnt it supposed to be a 3. 14 yes, i think they were talking around june, at least 3. Not the case a big story were going to talk a good deal more about is oil. Lets get to our road map and start you out with some stocks oracle, shares are up sharply on earnings well look at whats moving that stock. Later, by the way well have an sclouf on interview with mark hurd they want to take a major stake in American Airlines, what is that all about . Smoke em peace pipe . Well try to figure that out to the best we can by the way, what as to yim cramer and Homer Simpson have in common adobes ceo shows us. Hes game. Hes got a demo of its newest product. I want to see that. We have so much to talk about, i
With stocks and the march to dow 20k, as you know was less than a point away from making history on friday. Plus, coke and p g getting downgraded to sell this morning over at Goldman Sachs. And a busy week on capitol hill, confirmation hearings for the president elects cabinet picks are ready to get underway. First up, once again the dow will take a shot at hitting 20k. Theres a call out of goldman not helping a pair of blue chips the Firm Downgrades coke and p g to sell saying it sees headwinds from a stronger dollar as well as sluggish and market demand. Not often you get two sells on two dow components from one firm in one day. These are companies these are Great American companies. Its obvious that this is a call setting self up for much Stronger Economic growth. Now, it is the wrong time for the call because Interest Rates are down big today. So thats going to put pressure on the banks. So if were trying to get to dow 20,000, you may see on the tape in the bottom a lot of good thi
First though, that big hacking news. A News Conference set to get under way any moment now. We have the details from d. C. Earlier today u. S. Authorities unsealed this massive 68page indictment alleging a global hacking scheme against j. P. Morgan, wall street journal and a host of other companies and institutions in the United States. This scheme, according to the indictment, involves hacking attempts against major financial companies, attempts to manipulate individual stock prices and also a whole host of other alleged criminal activities including running illegal internet casinos and illegal distribution of pharmaceuticals. A big Coin Exchange and a host of other activities around the world. The three men indicted here are jerry shalom, jash what samuel aaron and israel, United States and russia. You dive into this, what you see is a picture of a vast global hacking scheme that had pockets in all corners of the world including a server in egypt that was used to allegedly hack into
100point rally on the dow. Fedex and General Mills moving in the premarket, but in opposite directions after the shipper beat and the food company missed. And reviews are out for the iphone 6 and 6 plus. Were going to show you the critique and the actual phones themselves live. First up, activist investor nelson peltz says dupont needs to break itself into two companies. He sent a letter to the dow components board saying the current Corporate Structure is destroying shareholder value. Dupont says it welcomes open communication with shareholders. Speaking of which, guys, peltz says stock will double in about three years if they take on his plan. You want to start . Sure. Ive been doing reporting on this, as you might imagine, this morning, having spoken to people close to both sides. Trying to get a sense here as to whats going on a battle now into a potential proxy fight. The entire board is up. Not clear how many board seats theyll go after. 13 members of that board. In fact, interes
Points below fair value. We have some different nebs going on at the top of the screen than we do on that fair value board. Well check on that, as well. Dell is said to be in talks with private companies in reports of a possible guyout. The journal says jpmorgan is involved in the negotiations. Dell shares have been soaring near an eightmonth high on first word of this news yesterday. You can see up about close to 2 to the premarket sales. 64 is the last dip. In other technology news, facebook is holing a press conference today. No word on what the big announcement will be. Youve heard a lot of analyst saying it could have something to do with a morrow bust search feature. Also, banking regulators are ordering jpmorgan to tight. Risk controls after the banks multibillion dollar lending trading losses. The orders from the fed and the office of the comptroller, not named individuals have been called and they do not levy any monetary improvements on the bank. Including take risk outcomes