Exchange as we get right to it steve dudache. Peter Anderson Kelly conley, john kenley and our very own Rick Santelli. What do you think is driving the selloff today . I think its a misunderstanding of this new adjustment in the china markets. Shorting the markets, allowing that to happen kelly, isnt necessarily causing markets to be regulatory in the sense that they will drive prices down. You know shorting doesnt prevent bubbles. And i think everybodys looking at this as a sense that if you introduce shortings to the china marketing with all of a sudden that bubble may burst. If that were the case kelly, look at the u. S. Weve had shorting here for a long, long time. Yet weve still had market bubbles. So i think its a little bit of a misunderstanding. It probably will help price discovery but in general, its just going to make the market more orderly and not necessarily a bearish instrument that most people i think are interpreting this news today. Steve money has been flowing into e
It was streamed online. After all that i wasnt up at 11 00 p. M. I tried. I didnt think you would be. At 3,000 for the battery. Really, how much would the whole thing really cost you to buy and install . Well separate the fact from the fiction, coming up. This is the critical point. Social problems meantime linkedin, twitter, yelp all taking it on the chin after earnings reports. What tech stocks will take center stage with perhaps big moves next week. Plus a look at the pawn shop economy. The man who has his finger on the pulse of the consumer Rick Harrison will join us on the floor of the New York Stock Exchange. He has a unique perspective on the shape and strength of the economy right now, especially from the consumers perspective. Hes also brilliant. Hes a smart guy. The Great College professor you had who knew everything and had these great stories. Really looking forward to having him back on set. About an hour to go to the close. Yesterday, to close out the month of april, decl
House Speaker John Boehner will give his response in just 30 minutes. Well carry that live. David titfortat. International Monetary Fund saying today that a failure to increase the Borrowing Limit and a selective u. S. Default could seriously damage the global economy. Liz in a fox business exclusive, Philadelphia Fed president Charles Plosser telling fox business the fiscal battles in washington are a real risk to the economy but he also tells peter barnes there is not much the fed can do to address shortterm events. David very good interview. Win for apple in the latest battle for the global patent wars. U. S. Trade Representatives Office upheld a ban on importation of older samsung products. Liz at t ceo, Randall Stevenson says he sees what he calls a huge opportunity in europe. He is looking for ways to expand at ts business in that region. David google is making a new push to sell laptops that sell the chrome operating system. This is partnership with hewlettpackard. The chrome bo
We were down three out of the last four days. Going away. Isnt it tuesday, or wednesday already . This is tuesday. Actually an update. A down day so far. Were off the lows of the session right now, but this could be nothing if you believe david leonard, and he says its overvaluations from the market and the headline in his column use the word bubble, and it lays out why stocks are expensive once again and david will join us to make his case on that. Yes. That is coming up. One stock that isnt nearly as expensive as it was at the end of the year is twitter. Its getting hammered today, down more than 10 . Just a few months ago, again, trading above 70 a share. Now around 32 and sinking 16 today, so what is going on with twitter. The lockup ended. Yes, indeed. Well find out for you. Talk a little bit more about who the sellers are and if theres any more value. We have a fleury of major earnings coming out in about an hour that could move the markets for tomorrow. Disney is the biggest of
Former Shell Oil President John Hofmeister is here to weigh in on that. Oils also a hot topic at the university of dayton. The school is going green after divesting all of its fossil fuel investments. Youre going to hear exclusively from the schools president about why he is doing this and his plan to have other University Follow daytons lead as well. Yeah, bill, potentially a lot of money at stake here. Theyre doing it for ethical reasons, but theyre also under pressure, like other universities like stanford, that have done this, from students. All right, want to see whats happening with the market right now . Heres what were doing today. As you can see, kind of a meandering session. Selloff on the open this morning following what happened in asia and europe overnight and this morning. Nasdaq is up just a tiny fraction right now. Its the only of the major three averages thats actually in the green at the moment, while the s p is down a point and a half at this moment at 1,961. Lets ta