Im going to take advantage of it, because im trying to make some money around here. After an amazing week but a homum day with the dow drop pig and the nasdaq gaining 2. 2 , i want to talk to you about two buy dips. Google and ibm. Now you might think im sticking my neck out, but i am saying im doing is introducing a notion of longterm opportunity. And its not a copout. First off, we know google and ibm both disappointed people last night. We know that because they went down after earnings, its undeniable. And a stock that goes up after a good report is a good stock. And a stock that goes down after a bad report is a bad one. In other words, people were expecting an upside surprise simply got it wrong. In the world of trading, you buy a stock for catalyst. You get the catalyst, you sell no matter what, good or bad. Thats what trading is all about. Thats called discipline. Have you the discipline to recognize you bought something for a trade and it just didnt pan out. But investing is w
While. That from the bullish ben willis. Thank you, sir. That does it for the first hours of the closing bell. Dow down 25 points. Stay tuned for ebays earnings among others with the second hour of closing bell and Maria Bartiromo. See you tomorrow. And it is 4 00 on wall street. Do you know where your money is . Hi, everybody. Welcome back to the closing bell. Im Maria Bartiromo on the floor of the new york stock exchange. The market is snapping up a fiveday winning streak. The Dow Jones Industrial average finishing lower today after five days of gains. As you can see, the Dow Jones Industrial average down about 27 points at 13,508. Nasdaq and s p 500 higher just by a fraction. The nasdaq picking up 6. 75 point. Certainly sold off from the highs. By the end of the day, Technology Still one of the better performers on the street. S p 500 higher by a fraction. The banks mixed to fractionally better on the session. Just moments away from ebays quarterly numbers. First though lets get str
Year. 2. 72. Thats the latest temperature after the gdp report, after payrolls, moving toward 2. 75 will be the trend today. Over in europe, s p overnight cutting frances Credit Rating one notch to aa. Thats having a little bit of an effect on the euro, which is around seven week lows against the dollars. Markets yesterday not getting much of a bid from the ecb rate cut there or here. Our road map this morning begins with the jobs report. Nonfarm payrolls and august figures revised higher. And twitter taking a pause in premarket trading after soaring 73 in its debut. An important read, mcdonalds with sales growth. Gap stores issuing better than expected guidance. Disney Fourth Quarter results beating the street but operating income from its Cable Network fell 7 . That and now youll have to wait a little bit longer for the next star wars installment. What are we going to do . Well have that coming up. Lets go through the numbers on the october jobs report. Nonfarm payrolls up 204,000. I
Others, but at this stage, david, what do we know . Well, the votes are crazy and as i tweeted even crazier than usual is what people are telling me, carl. So i think that im loathe to conclude one thing or another in terms of who has changed their vote. We have seen reports out there, and yes, i had the information a while ago, but things can change back. In is not the typical go to the polling booth and vote. You can, if you are black rock say you are voting against and pull the vote and then say you are voting for and they can keep the polls open by the way for as long as they want if they get the special committee, if they get the outcome they are looking for, then they can close them, and that outcome being the vote in favor. Now, my sense from having spoken to people around the situation today, this morning and of course for the last nine months is that they are still trailing, and that would be the dell camp, in terms of getting enough yes votes for the approval, and remember, i
Welcome back, everybody. Just a reminder for you. Sunday at 2 00 a. M. , that marks the start of daylight savings time. Spring forward, lose an hour of sleep. So youre going to be even more tired when you come in on monday morning. Happy friday. Lets get back to our guest host. That just depresses me. Leave us with you know what, its been such a good news day and i dont want to screw it up, but is there anything youre worried about at all . Ten seconds here. I think one bad thing about getting bad news, if we keep getting it, people will start to obsess about the end of qe. I think its too early for that. I think its goldilocks right now. The analysts are still too negative. Stocks go higher. Thank you very much for joining us today, alec. Have a wonderful weekend. Join us on monday. Squawk on the street starts right now. 236,000, that is the jobs number for february. The jobless rate, 7. 7 . Thats the lowest since december of 2008. Good morning. Welcome to squawk on the street. Im Car