10 23 0910 23 17 im feeling frustrated, im feeling upset im feeling hurt im feeling confused im feeling like i need to know where my son is and theyre giving me no information. Theyre not telling us anything. Butt to kymarah porter, student 4 08 484 08 57 it was kind of crazy because we were like sleeping on the floor. It got really late and everybody was running all around. 6 50 416 50 51 classes are canceled today no word yet on friday classes theres a lot of cleanup yet to collins thirteen action news. There will be a meeting for parents tonight at 6 pm at jacobson elementary school. Thats near charleston and durango. School officials and members of the epa will be there to answer any questions. Youre looking at a live picture from inside the Stadium Committee meeting. Going on right now on the unlv minor changes have been made to the plan that calls for 750 Million Dollars in public funding. Earlier in the meeting the Committee Recommended state lawmakers make a quarter Committee R
Europe relatively soft. Those uk and eu talks continuing. And watch the shortterm move in bonds. Oil, as joe just said, back below 30. Our road map is like this. Apples deadline extended. They have until the 26th of this month to respond to the court. Twitter and facebook both chiming in siding with tim cook as the security debate marches on. Yahoo forms an independent committee of its board as it formalized a process to review the sale of its core business. What is the next move for Marissa Mayers . Deere and nordstrom poised to open lower. First, stocks poised to open lower. S p up more than 2. 8 this week. Consumer prices flat for january, strip out food and energy, theyre up 0. 3. Separately, data shows that 70 of the nearly 175 companies that went public last year are now trading below their ipo prices. Guys, thats thats a rogues gallery of names. Yeah. Michael semblis, a fabulous strategist put out a piece talking about the unicorns. No one wants these companies because so many p
Higher growth areas . We have got some breaking economic numbers on the housing market. Julie hyman is at the markets desk with more. Julie existing home sales rebounding last month. We got numbers for the month before that were disappointing but now we have a climb of 5. 1 month over month to 5. 3 3 million on an annualized basis. It compares with februarys 5. 0 7 million. The median forecast, 5. 2 8 million. A larger rebound than had been anticipated and does exhibit some resilience in a u. S. Housing market especially going into the spring selling season. 3hat number coming in at 5. 3 million, an increase of 5. 1 month over month. The existing home sales number does not tend to have a big impact on stocks. At much appears to be having big impact on the overall direction we are seeing today. The dow and s p, little change. Nasdaq doing a little better. Any increase means we are at new highs for the year above 2100 as we have been watching for the s p 500. Above 18,000 for the down. A
Showdown between political allies. It would be one of the largest tickers of all time. Pfizer and allergan are in preliminary discussions about getting together. Our first look at Third Quarter gdp, coming in at 1. 5, slightly lower than estimated as yesterday is in the red first up, a lot of action during last nights republican president ial debate. The candidates discussed numerous topics, the economy, taxes, the fed and entitlement reform. One of the biggest moments involved former governor jeb bush and senator marco rubio. Marco, when you signed up for this, this was a sixyear term. You should be showing up to work. Literally, what is it like a french workweek and you get three days where you have to show up. You can campaign. Just resign and let someone else take the job. There are a lot of People Living paycheck to paycheck looking for a senator that would fight him each and every day. I dont remember you complaining about john mccains vote record. Someone has convinced you that
Ago. Im talking facebook, alphabet, formerly google, the linkedin, latter disaster after the close. And they piled into the Big Industrial and commodity stocks that were despised for months on end. You want a perfect example of what the heck im talking about . Why dont we talk about alcoa . Aa. Do you know that the stock of the giant aluminum company, which has been a total dog, earned more than 10 higher today . The second best performer in the s p 500. Even as Nothing Happened at alcoa. Nothing to justify this move. Other than this kind of rotational Money Management behavior that i like to chronicle for you. Now, i think alcoa should have been climbing for ages because alcoas splitting into two companies. One thats basically a commodity aluminum producer and another thats all about the proprietary use of aluminum. In trucks, in autos, and of course in aerospace. Alcoa is the perfect metaphor for this moment. You have a very undervalued deep Cyclical Company thats been caught up in t