And then europes hanging in there as well, german Business Sentiment at an 18month high. Our road map begins with the market. More history as the dow closes above 16k. Is the world getting ready for the santa rally . Gap shares falling on news on its Quarterly Results as were one week from black friday. And pandora shares fall on earnings while spotify could be worth 4 billion. People are beginning to Pay Attention to the percentage of investment people have in stocks, getting close to the levels we had in 2007. We can always look back and pick a time where it seems that was the top. Imagi margin debt is an important indicator for the top. What i like about the companies, they are levered to asia and europe. How many times does jamie dimon say we need rates higher. And now youre seeing the move to the financials and Goldman Sachs is in the financials, too. What may be good for the financials may not be good for the rest of the market, if it includes a taper tightening, a less dovish fe
Because of all the issues we had after the government shutdown. We get the unusual dump of data. Thats been something weve been waiting to see because the Housing Market is one the fed watches closely. There are a few corporate reports of note today, as well. Before the bell, we get Quarterly Results from fedex, General Mills and menards. This afternoon, we have oracle to report, too. This morning, youre going to see right now dow futures are up by about 358 points above fair value. S p futures are up by 6. I dont know what that tells one if they think the fed is not going to taper. But, again, a gain of about 58 points and, andrew, ill send it over to you. Thank you, becky. We have some corporate stories for you this morning. Amc Entertainment Holdings priced their ipo at 18 a share. That was at the lower end of the initial range. The second largest Theater Group in the United States will begin trading this morning on the on new york stock exchange. Also in mergers and acquisitions ne
Of the cnbc 25 celebration, and we have a very special broadcast just ahead. Yes, including an interview with one of the first cnbc 25. Former Federal Reserve chairman Alan Greenspan joins us exclusively. Were going to talk about his biggest achievements and his biggest regret over the last quarter century. When we ask him well speak with him in just a moment. And well find out this hour if the dow can make a new alltime closing high, possibly a fitting touch on this special day. The dow only needs to gain about 41 points to close at a record which was set on december 31st of 16,576. Well, actually right now. Yeah, sitting a little above it. Actually above. There we go. Well tracking that closely over the next 60 minutes. Meanwhile, the s p 500 right now, there you see it, if i can get my eyes on it. 1883, up a quarter percent. Lets take a look at nasdaq which has had a rough april. Happy to see april in its rear view mirror today. Up about 1 5 of a percent, up 41. 11 and some change.
The german 10h year dropping to record 1. 12 and the road map begins with u. P. S. Failing to deliver and missing the estimate s and lowering fullyear guidance and merck and pfizer are beating expectations and both citing new drug offerings. And darton ceo Clarence Oden will be stepping down after more than ten years on the job at darden and still a fight over the board of directors. All right, meantime miss for u. P. S. And the Company Posted a a profit of 1. 21 for the daily rate and they also lowered their guidance wend will talk to the ceo curt kuhn and in terms of the packages, domestic daily up 7. 4, but the rates even though they are going up, people are finding ways to ship less and less. But they are spending a lot of money and that is one of the misses so is that what didnt happen in christmas time, and remember, all of the overtime costs, and dont let it happen again and the stock come canning in well behind the rest of the group. I didnt think it is that bad, but everything
Investors are about to focus on other earnings. John fortt will break down the numbers. Also talking to us about amazon. First an interesting market day today. Considering we are ending flat it higher. Joining me, Wealth Management. Heather hughes, frank brad okay. Good to see everybody. Frank, lets kick it off with you. Ending higher, feeling like this market want it continue going higher. We are flirting around record levels once again. You know, maria, you are dead on. This market wants to go higher. I think it is going to. As things continue to move. I think the investors have a sentiment to want it buy right now. The thing that worries me, longer term, when you look at it, still last night we have about half of the s p report, about three quarters beating on the top an bottom line. What worries me, the revenue number is coming in lighter than folks expect. I think that might have an indication that we could have problems down the road. Yeah, the revenue, ben, has been impressive.