Stocks after starting out looking like it was going to be a rough week. Well see how friday finishes out but things are flat right now. Jack dorsey heading back to the helm of the company. Hell going to run things why they try to find a replacement for dick costolo stepping down on july 1st. Shares did pop on the news yesterday afternoon and you can see theyre up almost 5 in the premarket and as we said we will be talking more about that in a little bit. In addition alstom is defending General Electric deal to officials. The french Engineering Group is trying to sell its power business to ge. Reports of a statement of objection from the European Commission did not prejudge the outcome of the inquiry. Retalked about this on the show but they suggested qe needed to offer bigger concessions to win eu approval it needs to pay for an expanded recall of cars. In other corp. Gnat news we just talked about blackberry may put Google Android software on one of its devices for the first time. Reu
Stocks selling off today after two Straight Days of gains. The dow is off the lows of the session, but we can see there it is down by 154 points. So by triple digits with this volatility translating into a good year for active managers. According to funds track, 52 of large cap managers and 73 of value managers are beating their benchmarks in the Second Quarter. Joining us now, bill nichols, head of u. S. Equity trading at cantor fitzgerald. It really hasnt been the greatest environment for active managers until now. Right, robert . Yeah absolutely mandy. I think thats putting it mildly. Right . For the last six years since the bottoming out of the s p in 2009 active management has gotten trounced. I think thats indicative of the environments. Everything across the board was cheap at that point so trying to pick a handful of stocks or 40 or 50 stocks was really a losing proposition. But today when you look at fair valuations across the board, i think now is the time over the next three
Just breaking in the last hour, youtube launching a new gaming app. Well bring you the details how this could help google take on amazon. A move to the down side after yesterdays gains. Today we have ron weiner and rick santelli. Welcome to all of you. Kenny, let me begin with you. What are traders saying why we are seeing the dow down 167 points . I dont think anyone is surprised. The move wednesday, that explosive move up from where we had been testing lower came on the back of more rumor about greece. The fact we are getting another, not so much a rumor but news makes perfect sense money would be coming back off the table as people position themselves ahead of the weekend. As welles a next week when the fed comes out with their statement wednesday. Rick, youll love this. Got the fed meeting next week. Whats the more likely yield on the 10 year by the end of next week . 2. 30 or 2. 50 . Ill stick with 2. 50 . I have to say you know what judge . I want to put an asterisk. No market mo
Hey, chelsea, its brendan. I need your help i am going to propose to morgan and yeah. And i need your help surprising her. Oh, my goodness. I was so excited. Its in everyones interest to have a viewbrant economy. We want to put as many people to work and allow the nation to be strong. And allow people to participate in the profits, and greatness of the greatest country on earth. So when times get tough, they admit that its cumbersome tools, it doesnt have the ability to create jobs cant put people to work that is something only the congress can do of course and of course private enters. What the fed can do is move Interest Rates down where its so cheap to borrow so that it doesnt just Impact Business but everyone. Build things puts more people to work. Now, at the time when the Great Recession was taking hold finance chairman ben bernanke was focusing on the housing economy, even if the other parts of the housing economy were not all that strong. What will the fed did not know was that
Stocks after starting out looking like it was going to be a rough week. Well see how friday finishes out but things are flat right now. Jack dorsey heading back to the helm of the company. Hell going to run things why they try to find a replacement for dick costolo stepping down on july 1st. Shares did pop on the news yesterday afternoon and you can see theyre up almost 5 in the premarket and as we said we will be talking more about that in a little bit. In addition alstom is defending General Electric deal to officials. The french Engineering Group is trying to sell its power business to ge. Reports of a statement of objection from the European Commission did not prejudge the outcome of the inquiry. Retalked about this on the show but they suggested qe needed to offer bigger concessions to win eu approval it needs to pay for an expanded recall of cars. In other corp. Gnat news we just talked about blackberry may put Google Android software on one of its devices for the first time. Reu