To the end of the trading day and the trading week, it was down 3 last night, the futures were down when they looked at the collapse of plan b from john boehner it has improved dramatically but you cant put too much lipstick on this, a bad day on the markets and the s p down more than the dow. And nasdaq the big loser down almost 1 , russell 2,000 not too bad, down 1 2 . Liz you might be ready to hop on planes, trains and automobiles the travel stocks not moving quickly, theyre underperforming on one of the busiest travel days of the season. Expedia closing lower after announcing plans to buy 61 of german Hotel Bookings sites and lets look at price line, trip adviser, orbits in the red, down 12 . Dave gold was hit bad for the whole week down 2 , it was up not quite 1 but 11 gain on gold ending at 1,657 for a troy ounce. Liz gold closing 2. 2 , worst quarter in 2008 and Energy Stocks falling as oil drops 1. 6 , a settlement below 89 a barrel. And the huge giants like exxon mobile, chevr
The biotech index is the new vix. Though today the vix is the new vix as well. Oh, how quickly things unravel. The nasdaq is down more than 7 from its high of just a month ago. The russell 2,000 is as well. The Dow Jones Industrial average by comparison is only after 2. 5 from its 2014 high. Thats only a reflection of how poorly it had done relative to the nasdaq until the last week or so. The dow is down 1. 3 . American extress, disney, microsoft, jpmorgan whose earnings are coming down right in front of us here. Some of the real rate sensitive names, rate sensitive parts of this market as that tenyear continues a jawdropping drop db pardon the repetition there is one thing thats getting peoples attention. You can look at some of the big insurers, metlives, and see the pain there. People are jumping out of those higher rate moves. What do people do when they feel pain . They eat and they shop. Mcdonalds is the best performer in the dow. It is actually in the green today. Theyre eating
Talking about asia and general and when you look at the tenyear and wonder whats eating at it, that would be one of the real reasons why we havent seen it do better. Also watching these stories today. Why did the target ceo have target on his back . A weekend board meeting, a sudden departure that takes effect immediately, so why now . Target stock is down about 3 today on that news. Many are asking is another shoe about to drop in that story . They will be reporting earnings on the 21st and i know expectations are not very high. Thats true. Also have some very special guests coming up offer the bell. Robert benmosche will join us and then in his first of it v appearance since facebook acquired his Virtual Reality company, and controversial investor bill ackman will be here, a first on cnbc event from the conference where hell be revealing his big idea for investors, and then hell tell our audience what that idea is. Plus, well get his reaction to the news about target given his experi
Buylie ergen failed to sprint. Barclays millions in fees. Shares of tiffanys are falling in the premarket, posting fourthquarter profit that missed estimates and the earnings outlook came up short. Vladimir putin has cleared the russia,crimea to join causing tensions at the highest levels we have seen since the cold war. Ryan chilcote is live in brussels where leaders are meeting. Is this a done deal crimea is part of russia . It is a done deal. Signednt Vladimir Putin la, crimeants and voi is part of russia. This is the first expansion of its territory since the collapse of the soviet union in 1991. It is the First Official or semi official expansion because someone say there have been land grabs. You, and thet ukrainians will not put crimea on their map of russia. It feels like an oldfashioned territory grab, but perhaps there is more than that. There are rational reasons as to why Vladimir Putin wanted crimea. The naval port is one, given porthe has that warm water. Are there other
Goldman sachs says go global, are they right . Russia, china, india and beyond. And how Auto Companies are trying to grab market share, as that company trying to recover after the recalls and investigations. First, though, lets go over to sue. Ty, were going to start with the markets on a very tough day. The dows off triple digits, Interest Rates are moving to the lows of the week. Were going to start with bob pisani. What does it feel like down there, bob . A bit tentative, nervous. Ever since wednesday, when the new home Sales Numbers came out, then thursday and fridays the tenyear has trashed just like the mark. When it hit the highs a tuesday, i want to emphasize some of the home builders. I want to put up some of these earnings stocks like pandora and masco, as companies came out. Pandora beat is down, forward miss. Amazon was in line, and you can see that visa beat, but the sales were on the light side. Everything is trading to the down side. Put up internet content stocks, truli