Again, as you probably know currently 49. 60. Tenyear yield below 2 . Apple making history once again. First u. S. Company to close with a market cap above 700 billion. Hours from now, greeces finance minister set to meet with eurozone counterparts in hopes of striking a debt deal. Pepsi beating the street. Pepsicos Financial Officer hugh johnson will join us in a few moments. Apples making more history, becoming the first u. S. Company to close with a market cap above 700 billion. Two, exxon mobil, 385 billion. Apples ceo tim cook attributing the success to rapid growth in china. Also announcing partnership with first solar to build 850 Million Renewable Energy farm in california, jim, in monterey county, where theyre going to power not just own headquarters at data centers, retail outlets. Ive always liked first solar. Glad hes teaming with them. Used to be high cost producer loes cost producer. Tim cook making a good engineering move. A lot of different things. The companys doing gr
All catch a break the beltway boys want to take your money off you. Do not allow that to spoil the fun. The dow is up 2. 50 2. 60. Varney company is about to begin. Just look at this. It is called a rally. The dow industrial average is up what about, 1. 4 . That is50 points. Let me tell you. 250 points. Tech stocks are leading the way. A lot of big names beaten down recently are on the way back up again. Look at this. Apple is up three bucks amazon is up nine and netflix up nine dollars a share. Google facebook, twitter, two three percentage point gains on all the previously beaten down big names. Here is the real number youre looking for. The price of oil. Were at 45 a barrel right now. We had been at 44, teetering on the brink of going to 43. Were at the lowest level for a barrel of oil since ape of 2009. Now heres the stimulus part that comes in. 18 states, on the screen right now. Theyre in the 1 dollar club. State average for regular gas is below 2 a gallon. Those states pay less
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Market. Every weekend i go over what stocks are hitting new highs. Its the equivalent of whats hot on the run way and its startling how often the styles change from week to week. Fashion was behind a great deal of todays actions. They started off in the red thanks to greece and rebounded terrifically and the dow closing up 28 points. Nasdaq advancing. 11 . First the hottest style, the one that is flying off the shelves. The one that cannot be kept in stock, thats the Cyber Security stocks. It makes sense. Ever since the former ceo of target lost his job, the execs of all Major Companies have focused on this issue. Just as no ceo ever lost his job spending money on marketing successful no ceo will ever be fired for spending too much money on Cyber Security. Last week we got astounding report cards out of two highly visible newer comes in the space that showed how executives are throwing money at this problem. Fire eye does forensics as well as offering a Security Package that sells very
Lets get you to the top stories we are following at this hour. We are in rally mode in the equity market. The dow jones up 227 points right now. The s p 500 is up just over 1 . A 22 point gain for the s p. The nasdaq composite index jumped to the highest level in 15 years moving towards widening out its losses. We are seeing a big jump in crude oil on this friday. Crude is up over 4. 5 . American airlines is flying high today. The company will be added to the s p 500. A little more than a year ago, american was in bankruptcy. Matt miller asked the ceo white to be part of the index. We are the Largest Airline in the world. Those are metrics that get us well into the s p 500. This is an airline that was in bankruptcy 50 months ago before the merger. 15 months ago before the merger. To be in the s p 500 15 months later shows the strength of the merger. Mark a group says it carried out a string of suicide bombings in yemen. The attacks happened at mosques during friday prayers. There were