Nest executives. Plus, the perfect suit design for you. All that and more over the next hour. But first, headlines with cristina alesci. Nike posted its earnings after the close. The country the Company Firstquarter sales that dropped. They gained a percentage last quarter. Platforms allow dealers to get different prices on the same securities in a 40 trillion market, according to a person with direct knowledge. The sec wants to understand why brokers sometimes lock their rivals and clients from seeing some of their prices from municipal, corporate, and other bonds. Symantec has fired president and chief executive officer Steve Bennett and named board member Michael Brown to lead while the Company Seeks a replacement. Those are your top headlines. Thanks. Just about an hour ago, we got the results of the latest Bank Stress Test from the federal reserve. All but one of the 30 largest banks had enough capital to withstand a deep recession. The loner, the science bank bancorp. The science
I am a very fortunate Stephanie Ruhle. Y . Matt miller in here with you. We are sending you the best, but in the meantime we are getting you breaking news. Existing home sales are out. Michael mckee is on hand with the real deal. Rate it down. It down. Eak a reasonable news story with home sales. 4. 6 million at dollar annual rate, barely lower than it was in january. Five,ober we were in the so we have a long way to go. Whatever the weather effect, it has been relatively steady for the past four months and we expect a big spring rebound. Here, a drop in condo and coop sales, 1. 8 . Singlefamily home sales, just. 2 of 8 . One of the complaints about home sales in the past couple of months has been not enough homes for sale, so that may affect things. The other number we just got and here is some good news for people worried about the economy and the weather. February 6. 3, and it comes in a positive numeral mind. It looks like overall the Employment Index is lower, but the Overall Inde
Alibaba plans to go public. Yahoo has a major stake. What does that ipo mean for yahoo and its shareholders . One of the wall streets top internet analysts will weigh in on that, an the battered social media stocks. Are these battered shares a buy . First lets check in with sue at the n dwrismt se. Its a very strong day here. Were off our best levels, but close to a tripledigit gain. Right now Dow Jones Industrial average is up 86 points, nasdaq as ty just mentioned down a full percent and change, once again a very tough session, and were only 36 points and change from breaking that 4,000 mark. S p 500 is up better than a tenth of a percent at 1870. 71. The nasdaq is not really following the dow in todays trading session. Seema mody will give us the breakdown. Hi, seema. Good afternoon. Thats right, an ugly day for the nasdaq. The primary catalyst become tech. And yaw hoar is in fact on the top of that list. Shares moving lower after ali baba. Filed for an ip on in the u. S. Cog any ze
Those could help the biggest names in the business to determine their future, exclusive details from Senior Correspondent charlie gasparino. What are you hearing . Positive for the banks. I dont know if jpmorgan is going to increase its dividend. We talk to our guests about that later on. They came out and released what their dividend is thursday, a precursor that they are not going to do that. Jamie dimon like to do a buyback. Here is the thing that is more interesting, the fed will be raising rates, that is the take away from what happened with janet yellen yesterday and it is good for bank stocks. Lower rates for bank stocks, higher rates are good for bank stocks. James gorman of Morgan Stanley says when they raise rates it will be good for their Brokerage Department and they will make a lot of money because they lend out a lot of that followed, the cash they have from their investors and charge more money for it. That is what the market is saying. The market is more reacting to the
Eastern time, italian unemployment 37year high and more signs of euro zone reflation. Shopper trak out with the first wide scale read on the Holiday Shopping season and its a mixed picture for november and december, instore foot traffic at the nations retailers fell 14. 6 compared to the year prior but instore sales grew at 2. 7 . Slightly hopper than what shoppertrak had forecast. The main reason for the traffic plunge they say is that. Shoers are making fewer store visits than in the past because most window shopping and browsing is done online ahead of time, so the shoppers that are making the Shopping Trips are going with intended purchases in mind. Black friday was indeed the strongest day for brick and mortar retailers both for sales and traffic. Then there was a large lull until the lastminute panic kicked in. The week ending december 28th accounted for four of the top ten sales and traffic days for the entire Holiday Season. When it comes to categories shoppertrak says electron