Stocks set to open higher this morning after another wild day of trading. The nasdaq was down almost 2 at one point before turning green near the end of the day. What can you do to protect yourself in a volatile market like this . We have answers. Shares of bank of america down in the premarket after reporting a First Quarter hit by well a massive onetime loss, 6 billion, related to mortgage settlements. It wasnt all bad news for the bank in the latest quarter and well tell you why. Yahoo soaring after beating estimates in the latest quarter and a lot of that is due to the chinese ecommerce giant alibaba. Outside is the core business still strong. Well talk about that. First up markets set to open higher on a busy day for earnings and data after the roller coaster of a session on tuesday. Nasdaq making its largest rebound in five years. China gdp came in a little better than expected. Helping futures too. Although it was the slowest gdp in about 18 months. But that bounce yesterday, ji
And chevron after the pipeline operator consolidated all of its subsidiaries in a 44 billion deal. The deal is changing the face of the Energy Industry, but it could also spell the end of Master Limited partnerships, which Kinder Morgan popularized and are used by many investors for income. That is an open question and we will hear from a top oil industry executive on that, coming up. So, lets take a look at where we stand in markets as we head into the last hour of trade. The dow up about 22 points, well off its session highs above 74 points earlier. The s p 500, meanwhile, adding about six. The nasdaq is up about 30. Tesla is a key outperformer. Were going to talk about a couple of namespecific stories, but weve also, by the way, seen a 10year holding at 2. 4 . Oil, interestingly enough, slightly lower, tyler. Kelly, joining the Closing Bell Exchange is joe hider from raymond financial, sam barnett from sbb research group, Diane Garnett from clear alternatives, holly list from mcquar
First, some names in this one, also if you flip it over to the ie oh, including occidental, apache. That went down just a percent. David and we have been talking about coal since the first debate, take a look at what has happened a couple of coal stocks, Peabody Energy rallied 30 since the first debate where mitt romney singled out coal as needing to be boosted in this country. Both of those coal stocks still going up. Liz highly anticipated earnings, we will wait and hear from the search giant yahoo, and getting texas instruments. As for yahoo, thisll be the first Earnings Report under the new ceo and the question becomes is her turnaround plan working . As they quickly punch it up, looking into the close down slightly about half a percent. David Commodities Futures Trading Commission set to vote on new rules protecting your investment. We can use that after mf global. Well be talking to bart chilton on the regulation of how this can impact your money. Liz but first, what drove the ma
Open ahead of the fed even after turkeys surprise Interest Rate hike did help to stem some concerns related to emerging markets. Boeing, jetblue, dow chemical and at t beat expectations well break them down. But yahoo shares under pressure this morning after reporting a drop in revenue for a fourth consecutive quarter due to a decline in display ad prices. A day after the dow snapped a fivesession losing streak futures are lower, investors turning their attention toward Ben Bernankes final policy meeting, the central bank expected to further pare back stimulus, but turkey, jim, at least for the open will be the story. And for a while there the turkish lira was up 3 and it looked like they impressed the market. 22 years ago we went through the cycle but thats too long for most people. They tried to stem the capital decline, i saw it last night, they forgot what happened to their country when they tried to do this. And what happened initially you thought things would stabilize and they d
Rising scrutiny and slower growth. June fdi rises 20 , its fastest clip in more than two years. And the u. S. Energy regulator finds barclays and its traders 453 million for allegedly manipulating Energy Prices in california. Investors shrug it off as analysts call the amount not material. Hello and thank you for joining us. Let me tell you whats coming up on todays show. Glaxosmithkline says it knew nothing of the alleged bribery of medical staff in china. But are other companies equally as blind to the practice . We discuss the scandal at 10 20 cet. Were talking of bribery, spanish Prime Minister Mariano Rajoy faces ongoing questions from his own party on allegations he received Cash Payments from his former party treasurer. Well go to madrid for the latest on whether he can ride out the storm. How did mark carney vote on qe . Well find out today at 10 30 cet as bank of england minutes are released. This will be key for gilts and the sterling trade. A revenue slide for yahoo but Inte