Notes from the campaign trail, senator cruz picked up a vicepresident early, Carly Fiorina. And donald trump says it will make no difference. Look at Bernie Sanders, the socialist, hes laying off hundreds of workers. Mass layoffs from a socialist. Just saying. The dow is going to fall 100 points. The target boycott petition nears a million seeners and we will show you again, the moment of life when it begins. Varney company, youre looking at it now. Varney company is about to begin. Baby youre a rich man the music, ladies and gentlemen, good call. Rich man indeed. Mark zuckerberg, i would says fabulously rich right now and his wealth will grow a half hour from now. And his stake . In facebook will rise to more than 55 billion when the market opens and it will open at a record high. If it opens at 118 it will open more like 120, 121. Jo ling kent is here. Jo are you ready for what happened last night . It was big. Stuart it was huge. Jo it was huge, 1. 65 billion people now using facebo
We read the tea leaves on the data thats driving down the market this morning. Cbs and time warner are on the move both after reporting earnings. Were going to dig into those quarters. Well also talk to cbss chief executive. Tim cook calling the u. S. Government dysfunctional on mad money with jim. Well hear from the apple ceo and dig in on what last nights primary results may mean. Stocks are poised to open lower a day after falling to their lowest levels in three weeks amid concerns about slowing economic growth. Speaking of the economy, data from adp shows the private sector added 156,000 jobs in april, that is below consensus and marks the smallest increase in three years. 156, we were looking for 196. And everybody wants to know, jim, what this might mean for friday. Yeah. I think that were back into a mode which says this roving bull market that weve had in cyclicals maybe give that a break. Go back into the clorox market. Remember, it is just bull, bear, bull, bear, we rotated o
Articles about how the twitter deal signaled the end of the bull run. Today, dow up. Nasdaq advanced. 01 . We saw the quintessential top calling piece on the front page of the wall street journal this morning. Stocks regain appeal. Investors return to stocks which could be bad. Bad. Put aside for a moment the hilarity of the could be bad sub head. Bad for what . For individuals . The bulls, bear, eagles, country . For now lets focus on what i call the time honoredness of the could be bad exercise. First, it is true. Market had a 24 advance this year. Stock market has been a good place to put your money since the bottom in march of 2009. Second, individual investors are definitely more interested in stocks. As the article points out, 76 billion put in stocks versus the dollars pulled out. Im not oblivious to the steaming hot nature of twitter. As i said last all week, everyone has the right to overpay as long as they accept consequences including the responsibility something could go wr
Deal with the bull run. Today dow up. Nasdaq. 01 . We saw the coin piece on the front page of the wall street journal this morning. Stocks regain appeal. Investors return to stocks which could be bad. Bad. Put a side for a moment the hilarity of the could be bad sub head. Theyre for individuals. The bulls, bear, eagles, country. For now lets focus on what i call the time honoredness of the could be bad exercise. It is true. Market had a 24 advance. Stock market has been a good place to put your money since the bottom of 2009. Individual investors are definitely more interested in stocks. As the article puts out. 76 billion put in stocks versus the stocks pulled out. Im not bloblivious to this twitter. As i said last week, everybody had the right to overpay as long as i dont accept consequences including the responsibility something could go wrong. Twitter could turn out like facebook, highly overrated stock. Became inexpensive and became tremendous earning power as the company got the
15,597. Volume also picking up at the end of the day. Nasdaq gave up 75 points. Technology has been rolling over lately. Certainly the big momentum players at nasdaq, 3857. Last trade there in the Standard Poors index. Bob pisani with all the lowdowns and the high notes here at the big board. Over to you, bob. Twitter did okay opening at 45. 10. But it, too, sold off in the last hour, maria. I dont believe we made 45. 10. Lets put it up there. 45. 90. Closing below the initial price there, 45. 10. The major indices, dow held up better than anything else. Composite in the nasdaq and transports down 1. 4 . Breadth was terrible all day long. Volume was on the heavy side. We may do 4 billion shares on the nyse. Fairly broad selloff. Look at some of the major sectors. Airlines down. Semiconductors were to the downside. Retail stocks. Consumer staples as well as financial. Thats a broad decline. Momentum stocks have had a tough week overall. So some of the major names here like tesla, yelp,