I am filling in for Erik Schatzker today. He is off today. You know why . We are breaking economic news. November existing home sales are officially out. Our economics editor, Michael Mckee, it is at his desk cranking away with the headlines. That news and we do not know why. Right now we see existing home sales fell on the month by 4. 3 . The worst performance of the year. A lot of people may attribute this, and it is a good that it is through to the fed that pushed morgan rach up Mortgage Rates up. Two or three months ago when rates were higher, we have also had some bad rather bad weather. The final reason is that this is not the prime selling season. People drop off as you go into the winter and get closer to the holidays. People are buying less homes than they do in the summer. It is not good news for single which are condos, down. Inventories not particularly good news, either, at this point. We will take a quick look here. Inventory falling. Not as much for sale, but not helping
Companies also on the rise where the profits arent there. The risk and reward coming up. And its simply unbelievable. Wait till you see what happens here. What archaeologists have discovered in italy. Tom hanks, get ready. We found, we think, your next movie. Sue, down to you at the nyse. Yeah, its a fascinating discovery, ty. Fast money halftime, as you said, had the interview of the day so far on cnbc with carl icahn just hours after he released that letter he sent to apple outlining his activist strategy. We feel tim cooks doing a great job, but we also feel they are not doing theyre very derelict in not doing a buyback. If other shareholders feel the same way and tell us that, well test the waters because as you know, theres a great feeling about apple. And there should be. Shares of apple right now on the trading session are up 5. 27. Thats a 1 gain. But for the year, the stock is down 13 . And bond investor bill gross adding a little fuel to the fire, sending out a message by twi
Of the claims. They decided it was going to be about 42 million so nasdaqs going to pay finra, finra will doll out in the uny. We dont have a timetable but im told it will be in the next couple weeks. We dont have a breakdown into what firms will get what amount. I dont have that yet. I think that will be available state of the union. Were working on it. Bob pisani, thank you so much. Ty, up to you. Sue, the markets are roaring, soaring, anything but boring. We have found warning signs. We will show you what were talking about and let you decide whether it is time to take some of the cash off the table or if you think the risk is worth the potential reward. Transports are hitting a new high and there are reasons to be optimistic on certain stocks and sectors. We will talk about that. There are three good reasons why ups is on a roll hitting another alltime high today, 94. 71 right now. Weve got the cfo as the Company Reports solid numbers and indicates that the company is in for quite
Look at the shares. Not a surprise blackberry is moving higher by 2. 33 . Facebook down 1. 5 it remember the discussion they would build a phone . And then they said no. Maybe this is their way of getting in to build a phone because blackberry has the hardware and the software. If youve been watching countdown to the closing bell in the last couple of days, weve been following very dramatic story. Muddy waters and a guy who runs it right here on your screen has been chinese mobile firm and massive fraud. Shares tanked on the oneweek. We spoke to the ceo, and he was telling us the company is absolutely legit and he could prove it. Today nq mobile released and massive document attempting to refute muddy waters allegations. Nq mobile filed a lawsuit. You would have heard from omar they were considering legal action and that person has said you know what, bring it on, weve got the information that tripped this company. The company jumping higher on the same day we received word apple remov
Gain since july and europe mixed for the time being. Our road map with more bad data from american retailers. Walmart sales and profits below estimates, kohls disappoints blaming on the weather or a weaker consumer. David tepper says theres a time to make money and a time to not lose money. Can you guess what time it is now . Cisco beats as sales fall. John chambers sends the stock higher. First up walmart did report numbers of 1. 10 a share, a nickel below, sales fell for a fifth consecutive quarter. The quarter forecast shy of consensus, weather shaved 3 cents a share off the q1 earnings, and kohls missed with quarterly results. Comps down 3. 4 , but walmart is the real story, jim. U. S. Comps down 1. 4, we were looking for a slightly positive number in this country. Comp traffic down 1. 4, really just not a great quarter. I like to scan these in preparation in coming up in the show and go over the release. Im looking for something positive, something that says double digit. So this