Grasso not bad better looking so nice at this time of the day . No one is better looking at this time of the day. I saw you in makeup need some ice packs you dont need makeup you need a surgeon more powerful than a brush dont we all. We will need something more powerful than water. You guys are Drinking Water hot water with lemon. U. S. Equity futures, markets closed at record highs again dow futures up by 24 points, nasdaq down by a half. I think the zp s p closed up 14t of the last 15 sessions. And picking up steam. The s p 2534 right and were not that far from 23,000 at this point who knows whether we get there 14 , 15 on the dow for the year its supposed to be mid Single Digits thats all we deserve. How long have people been saying the market is overvalued . 2200 you can say more than that it keeps rolling you cant short it. Dont chase this rally. Lets tell but news just out. Pepsico out with earnings. The company is in with much stronger than expected numbers core eps 1. 48 compar
Close of the equity trading day. This is the stoxx 600. It is fairly steady in todays session. We did see Global Equities moved to a record close. The stoxx 600 is steady. The lack of a utility or industrial or telecom, some of those are defensive. There is an element of risk on here. Health care is outperforming and energy is up performing. You see those commodities at some of the best performers. The spike is higher. We see a lot of industrious metals. Index, the stoxx 600 commodity reduce or index. If you look at the relative strength index, this did go above 70 earlier, suggesting miners of enter the overall range. They are trading at the highest level in four years. Low has dropped back down 70 now. Rsi is just over 69 on the are in rsi. Some have gone above 7000 the first time ins 2014. This has gone above 1000 for the first 2001. The euro is actually weakening against most of its g10 peers. Began is strengthening against its peers. It is weaker for the third day on this chart. Y
As Iraqi Forces Advance on kir kuk. Road m as we kick off a busy week for earnings. Plus a win for workers, the white house pitching the tax cut plan countering democratic criticism and seeing middle class americans would see incomes rise. Eye on subs, netflix after the bell and is expected to hit another record today stocks are looking to hit record highs, dow and s p 500 coming off five straight weeks of gains. Yellen saying the ongoing strength will warrant a gradual increase in rates. Meantime oil prices are higher this fighting between iraqi and Kurdish Fighting escalating and wti up almost a buck. 600,000 barrels in play and you also have to believe the area being destabilized has made it at least for a couple of days you get over 50. Ive got to tell you, ive got at least a dozen Oil Companies i monday ter that will be in there selling again today. They have to sell because they are exceeding their cash flow. So when you see 52, you need to see a breakout to like 56 to realize th
When the market gives you a chance you got to do some buying, unless were talking about a stock and company thats in decline, then you got to take advantage of it. Critics today with all three major averages, record closes, dow gaining 85 points, s p gaining. And nasdaq climbing at 100 . You have to take the negative to get the best buys. That confuses a lot of people including you, so well explain it tonight why dont we start with the stock of apple not that long ago this stock had plummeted from 164 down to 150 why . Fears that the new iphone would bust now its back to 159. 88. I keep hearing, there was never anything wrong with apple the whole time but the stock got too heated then it got too hated in a compressed moment. When i asked obviously like a lot of other people so, i asked around and talked to many people i said what do you thinks happening here a bunch of me pointed me to an upgrade of key bank with the profits. I never thought its the acts in apple, meaning the acts is t
Gop establishment over the weekend. And Hillary Clinton in response to a question about Harvey Weinstein says, quote, we have a Sexual Assaulter in the white house, unquote. And, oh, by the way, her foundation not return weinsteins 250,000 in donations. Well get into that. Big day as always for politics and money. Varney company is about to begin. Ashley but we begin this hour with some breaking news. At least seven people are now reported injured and one person is missing after an oil rig exploded last night in louisiana. Lauren simonetti joining us for three hours today. Whats the latest from louisiana . Look at that picture, ashley. This happened about dinner time last night. Lake ponte cher train upon cher train, basically, that oil rig exploded. They dont know exactly why right now. The thinking is cleaning chemicals on the platform caused the explosion. Either way, you have seven people injured, at least seven, five of them were hearing are in pretty bad condition, and theyre sea