Unexpectedly and moving to janice. Many have funds in 401 ks or private accounts. Should you take your money out now . September a volatile month. Volatility going away. A lot of movement in the sectors. We break down winners and loseers since the start of the month. First to sue who is here at headquarters. I am on a very busy and wild week for the markets. Triple digit rally on wednesday and triple digit selloff yesterday. Today we are up again. Lets take a look at where we sit right now. Dow jones industrial average on the upside by 74 points. S p 500 up just under six. Russell and nasdaq in the green by 16. 3 points. Transports up 64 points. Stocks rebounding. S p is up today but it is still on track to close lower for the week. Take a look at that week to date chart expecting that to close about 2 lower this week. We have in line readings on Second Quarter gdp and Consumer Sentiment for september. And the news on bill gross leaving pimco for janice capital. We are seeing pressure
Our Steve Leisman sat down with him live in jackson hole, wyoming. Stay tuned for this important interview. Was it a well deserved 17 billion fine . Or was it extortion . A former bank ceo says bank of america was extorted by the u. S. Government to the tune of 17 billion. Paying for the sins of Merrill Lynch and countrywide during the housing crisis. Even though it bought those firms to help stave off the economic catastrophe for the u. S. Were going to debate that state with our own friend, larry kudlow, among many others. Pretty impressive to watch the dow right now. Because it is up 93 points. Thats a session high. 17,074 puts it within shot after new closing high. Something the s p 500. Looks like it is going to achieve, up seven points to 1,994 today. That is the new intraday high. The prior intraday high was july 24th. It could close above 17,000 today. Anything could happen in the last hour. Nasdaq a little bit quieter up, up six points to 4,533. Joining us now, David Scranton
World. We will take you inside. Tyler is off today. My partner Bill Griffith is here at cnbc headquarters with me. The major averages trading in a narrow range, light volume. You would expect this for the last trading week of the year. We have seen several new records. The s p, the russell 2000 closed in a new high on friday. Here is how we stand at the moment moment. The s p is up a fraction. Now 53. 30. Brent is back below 60 with conviction down 2. 8 now or 1. 66. That is taking a toll on blue chips. Back to the New York Stock Exchange. Bob pisani, happy monday. Lets take a look at the s p 500. We are lower as oil moved to the new lows. Not that much lower. I think the market is holding up fairly well here. You see us off of our highs. S p still positive. Dow went negative a short while ago. We did see oil stocks move down. Look at the exploration and production index. Oil started moving south a little before noon when we started moving into negative territory. Energy stocks mixed t
Knows the route to laguardia and hes on the news line now. Captain mark welcome, good to have you with us. In retrospect should the airport have been closed before this event could take place . Caller the airport was closed before the event. Im not certain if i understand the question. Should this plane have been allowed to land at laguardia. Caller oh, i see. I misunderstood you. Maybe i didnt phrase it well. Its up to the coordination between the captain and airline itself. Although the weather was certainly coming down at laguardia one thing that seems problematic to me is the runway they were using. They were landing to the southeast there at laguardia and the wind was almost off their tail which is not a good thing. You dont want to be doing that. You want to land into the wind but you certainly want to be landing into the wind when the runway has something on it like snow or ice or water. And we may find that that becomes a contributing cause to the accident. How much grip do air
Yesterday late in the day we got another famous tweet from mr. Icahn saying he had written a new letter to apple. Weve heard some of the contents of that letter, which apparently is about to be made public, if it hasnt been already. Theres the tweet were referring to. The specifics that havent been shared completely as of yet or perhaps are just in the process of being shared is that mr. Icahn wants to tender immediately, buy apple for 150 billion worth of its shares. Its choking up jim over here. Right now he wants to tender an offer . At the current price is what hes asking for in the letter. He also says in the letter that he would not tender his own shares into that immediate tender offer, again of 150 billion. So roughly about a third of the market cap of the company at its current price. And he also said he would not tender. And he has raised the stakes on the earnings to 4. 7 million shares. It has been roughly 4 million shares. Were talking about a 2. 5 billion position for mr.