For the s p and the dow. The s p is up about half a percent. The best equity gain yesterday in two weeks. We are building upon that as we gains across the board. We are near the intraday highs for the s p and thehead to the. There is Technology Shares that are tumbling, twitter and yelp. Twitter came out with disappointing numbers today. M easily 2 million a measly 2 million active users. Yelp down a record 28 . Part of that has to do with their cutting their Sales Forecast but also cutting back on their National Branding campaign. Lots of analyst cutting their forecast on the stock, rating on the stock. A different story in commodities, inventories in the u. S. Dropped by over 4 million barrels. Were actually a gain which is why youre seeing nymex crude higher than 2 . Giving a dropon in oil prices has gone down. Also looking at industrial stocks and commodity stocks. Ohs are higher today. Lets take a check on those are higher today. We can see selling in the 10 year. 3 for the 30 yea
Meeting. Policy announcement coming up at 2 00. In global news chinese stocks rallying overnight. This morning snapping the threeday losing streak. The shanghai composite closing up 3. 5 . Big growth. In europe greeces stock market will not be reopened today as some had expected. The exchange is waiting for an okay from the ecb and government decree. Thats 6 or 700 points. Huge. Stocks to watch this morning, twitter earnings and revenue are both above estimates but it was the Monthly Average user number and it grew at its slowest pace since it was public and that is accounting for a pretty substantial selloff today. 32. I dont know the last time it was there. Jack dorsey this weird beard, calls this unacceptable. Have you seen the beard hes sporting . I have. Its like does the not pass by mirrors . People dont talk. He has a lot of yes people. Yeah it looks good. Yeah, it looks good. I like that egg yolk. Right here. More of his comments and reaction from analysts in just a few minutes
Dollars at a onemonth high. Road map begins with trumps tax plan and the president and gop moving on from health care set to unveil their framework. The dow looking to stop a foursession skid. Shares of nike are down this after earnings in the wake of the equifax hack Richard Cordray will join us live. The gop slated to release the framework of its tax reform proposal multiple sources saying it is expected to include a cut in the corporate rate from 25 to 20 higher than the 15 favored by the president. The pass through businesses lower to 25. Rates of 12, 25 and 35 the plan would also eliminate the deduction for state and local taxes and nearly double the standard deduction Child Tax Credit would be substantially increased, although in these early days, politico saying, jim, that top individual rate is still the focus of some delate abate and a surcharge for the wealthy. We have to wait and see. Those of us in highstate can calculate what a 35 to 39 drop and it is a bast to 42, 43 if y
Official, he will have direct access to highly secret intelligence information but can he be trusted . Lieutenant colonel ralph peters. Liz claman at the salt session. She wrapped up a talk with mark mobius. We will have her exclusive interview with him. And about all the turmoil in brazil. Liz chatting with the former president of mexico, Felipe Calderon, the drug trade and were less less than an hour from the closing bell. Im Ashley Webster in for liz claman. Lets start the countdown. We just told you the markets are selling off into the close. The dow hit a onemonth low. All the major averages on track to end the week in the red. This will be the third week in a roy for the dow and s p 500 i with nasdaq on track for its fourth straight losing week. A lot of red out there. Apple taking a shot at uber, falling to twoyear low yesterday, still above the 19 mark. The tech giant investing in one billion in chinese ridehailing service. Other ininvestors alibaba and 10cent. The reason behin
Here. Bucking the trend of ipos, look at ferrari. Those shares are trading on their first day of trading at the New York Stock Exchange. Luxury automaker also lining the outside of the exchange with all these different models. You can see whether the stock can hold on to these gains as we head into the close. Looks like the most expensive used car lot in the world outside on broad street today. Meanwhile, carl icahn is getting political. Hes launched a 150 million super pac with his own money. Well break down whats behind the billionaires move. And china versus mexico. Henry mcvey in a cnbc exclusive. Hell tell us what he found over there. Very, very instructive. You want to stay tuned. Lets start with this crazy story about valeant pharmaceuticals. Meg has this story about the huge decline. And finally the Company Coming back with a response of some kind. It has been a crazy day for valeant. Lets start by whats been going on. Today there have been some reports into relationships with