For the time being. Our road map with the markets under continuing pressure after logging their worst day in more than a month yesterday. Jc penney reporting a smaller than expected First Quarter loss and nordstrom reporting a better than expected firstquarter profit. The seafood lover darden selling red lobster to Golden Gate Capital for 2. 1 billion in cash. A whale tale, the money swimming into verizon. Well explain that later on. All right. Futures as you said, you saw relatively stable after the stock markets worst day in about five weeks. The dow posted the 167point drop. S p fell almost 1 and the nasdaq is now in the midst of a threesession losing streak. During our program yesterday you saw the tenyear note fall below 2. 5 for the First Time Since last october and the russell intraday hit that official correction territory, managed to claw its way out by the end of the day. A lot felt that bounce was significant. You know what, i think that dave tepper really this was a dave te
Of europe is hanging to some green arrows. Apple disappoints and revenue guidance is short of expectation. Meantime, the overall market set for a missed open after a big mix on durable goods orders and another big driver of todays market is earnings, ford, comcast, pfizer some of the names making moves in trading and well break them down. First up, well talk about apple and shares taking hits after betterthanexpected quarterly profits they sold a record 51 million iphones in the quarter but below expectations, the Current Quarter guidance short of consensus and an hour from now well get information from john scully who will join us at post nine. We said how easy it would be to set a new record which they did on phones, but no one expected phones to come in quite this low. No. I think theres a big schism developing, the analysts have really turned on apple now. This has become an unruly Conference Call. And youll see in a moment, but the analysts are still talking about are you still a
Because employment wasnt strong. And then it went down at the opening because russia didnt budge over president obamas in treaties with putin saying he would back syria if the u. S. Bombed it. Then we rallied intraday because Interest Rates declined. But at the end of the day we gave up those gains as it became clear the syria situation was destined to heat up over the weekend. Dow only falling 15 points, s p inching up. 01. And im going to be the first to admit, this is all crazy. Thats right. I said it. Im going to try to make it rational, but its crazy. The fact that the stock market wanted to go higher when the employment report showed little job growth may seem ridiculous to you because, hey, not having a job, bad. And the idea that the market plummets because we might not go to war . War, what is it good for . Nothing. But these items have become par for the course and theyre why i told you to sell some stock today, end all rallies and buy into the weakness. The stock market goes
To rise because employment wasnt strong. And then it went down at the opening because russia didnt budge over president obamas in treaties with putin saying he would back syria if the u. S. Bombed it. Then we rallied intraday because Interest Rates declined. But at the end of the day we gave up those gains as it became clear the syria situation was destined to heat up over the weekend. Dow only falling 15 points, s p inching up. 01. And nasdaq climbing. 03 . And im going to be the first to admit, this is all crazy. Thats right. I said it. Im going to try to make it rational, but its crazy. The fact that the stock market wanted to go higher when the employment report showed little job growth may seem ridiculous to you because, hey, not having a job, bad. And the idea that the market plummets because we might not go to war . War, what is it good for . Nothing. But these items have become par for the course and theyre why i told you to sell some stock today, end all rallies and buy into t
This before you get on the course. Ill buy some brain pants, andrew. Ask him if he looks like you need a nap . Yeah, do i look like i need a nap . Probably. Weve got to say thank you to our other guest host who has been back with us, jeremy siegel, the bull. Steve liesman, also thank you for sitting in all week. Thats been terrific. Becky and joe, its been great. Good luck over the weekend. We hope you get back here and it all works out. Say hello to nemo and the weather. Were going to see you be careful with all that snow. Absolutely. Anyway, make sure you join us monday. Squawk on the street begins right now. Good friday morning. Welcome to squawk on the street. Im melissa lee. Were live from the New York Stock Exchange. Lets see how your friday session is setting up on the u. S. Futures. It looks like well have a positive session with the s p looking at 2 at the open, dow looking at 13. In europe, the eu summit continues. But the action really taking its cues from china this morning