Expiration. Bill, the question which well get to in one second is why. So here is where we stand in markets right now. The dow is up 161 points. The s p 500 adding about 18 to 1854. If we hold, there will be a new record closing high. The nasdaq up 40 points above the 4,300 level at this hour, bill. Lets ask that why question you posed. Get to our closing bell exchange. Our round table includes Patti Edwards from u. S. Bank, Quincy Crosby from prudential financial, anthony chen from chase and our own Rick Santelli in the windy city as well. So, patti, why is the market up as much as the dow was up 190 points at the its peak today. Why is the s p near alltime high territory . Were getting through earning season and 75 of the reports have been better than expected. You add to that it looks like weve got a little bit of resolution in the ukraine and the fact that people had been taking money off the table and its time to get back in. I think people are just going where the best deals are
Got some big retail earnings this week. Ten years right about 274, some flat action in europe. German Business Sentiment was at a twoyear high. Netflix agreeing to pay comcast for faster speeds. Well find out if this could set a precedent. Karl icahn comes out swinging attacking the marketers and ceo john donahue. Well going to go live to kiev for the latest. First up one netflix will pay comcast for faster speeds for its video service. Analysts say the agreement could result for more cop tent Companies Paying for nervouses to get their product to the customers faster. Weve got a life exclusive with Lowell Mcadam koling up. Theyve closed the huge phone deal, closing that on friday. But yeah, i mean we expected verizon may be next, perhaps and well certainly ask about an agreement with netflix that their conflict if you will was highlighted in some of the press in terms of slow ore speeds particularly for fios customers pap they seem to be agreeing to pay some additional sum of money to
Overnight in shanghai down almost 4 as the yuan sits near a sixmonth low. The roadmap begins with the markets, the s p starting off shy of the fresh record high and the nasdaq beginning from right around its highest level in 14 years. Home depot is posting quarterly profit above expectations and boosted dividend. Different story with macys and shares slipping after same store sales came in below expectations. And jpmorgan expected to announce job cuts in its mortgage and consumer business. The bulls off to a good start, the dow jumped more than 100 points and closed at 16,207 and the s p hit 1858 before pulling back and closing at 1847. Thats a point away from its alltime closing high. And as we said, the nasdaq reaching a 14year high before closing off its best levels. Jim, you said last night you would try to play the role of the skeptic. I do not like to see the nasdaq at a 14year high. I took to heart some of the comments we said on yesterdays show which is when you Start Talking w
That. But bias for the last half hour or so has been to the downside slightly, but that could change as we go into the hour. And also our own jim cramer is worried. He will join us here in a couple minutes to tell us why he doesnt like some of the patterns hes seeing across the stock market, and it is changing how hes investing. Find out to see what hes doing and why. Also, in arizona this new law that would allow businesses to deny service to gay people may never be signed by the governor because Big Companies are now speaking out against this law. Sending letters to governor brewer. One of those companies is pushing back against the law and will join us on the closing bell today. Lets take stock of markets here. We are seeing small declines across all the major indexes. The dow off 20 points. The nasdaq off 5. The s p 500 off 1. As mentioned yesterday at this hour, it looked like wed be closing at new highs. Well see how the final hour of trade pans out right now. All right. Lets bri
Techheavy nasdaq which really has been outpacing the major averages right now is down about 1. 5 , and the s p pulling back. Weve seen some names weighing on the dow, but ill talk about whats winning today, and those are some of the consumertype names, names like Procter Gamble and walmart, and theyre doing better today. Weve had three weve had three straight weeks of gains for the Dow Jones Industrials, each one of those weeks was up about 1 . The name thats weighing on the dow today is merck. Merck showed a shortfall, theyve also lost the exclusivity of tear asthma drug, and thats not good news. Stock down 2. 7 . Connell the online portal americans are using to buy Health Insurance, yet another glitch over the weekend, halting online enrollment adding to the growing list of problems. Dagen rich edson has a list that is growing. Hes in washington, d. C. For us with the very latest. Hey, rich. Reporter hey, guys. Well, the admission says officials spoke with verizons ceo, and the Telec