If you own and are hunting and looking to buy . And this was buffalo, where is it, buffalo, just a few days ago. All that snow has turned into this. A mess theres flooding throughout the area. The snow is melting. The rains are coming and now another major weather system is heading to the east. It could be enough to really hit right around thanksgiving weekend. First, well check in with sue at the new york stock exchange. Stocks are struggling for gains in todays trading session. The nasdaq has been the big winner this hour. Last trade on the nasdaq is up about 27 points, about half a percent. S p up for a 12th time in four sessions, and its traded up about a tenth of a percent. Dow transports are up a half percent. But the dow is down 12 points on the session. Apple is now approaching 700 billion. So with stocks pushing to new highs, is there still value in the big caps . Domenick chu is back to take a look. Good to see you, dom. Good to be back. Heres what we did, we looked at the s
Darkness. Schools are letting students out early. This is a live picture of the area seen by our affiliate news helicopter. The problem was apparently caused by a major cable failure. Officials at dte edison are working on the problem and the power is slowly coming back on. Detroits mayor will give an update later this afternoon. General motors, one of the only big three auto makers located in downtown detroit says there has been no impact at the Renaissance Center headquarters. Now to Courtney Reagan with breaking news on amazon ceo jeff bezos. Amazon ceo rarely speaks out not at Quarterly Earnings calls and conferences except for today. He just wrapped up at the websites ignition conference expecting topics as drones and websites to what he is like as a dad. Here is what he had to say after the last disappointing report. You have been a shareholder for a long, long time. Happy, rode it up in the bubble. Very much believer in the long term, investment cycle and big bets. Even i last q
Northeast storms wreaking havoc. Details ahead. First, though, over to sue. Shes here at cnbc hq. As you know its a new trading month, but the volatility continues, and the dow has been both up and down. Triple digits today. You can basically call that flat. In terms of Interest Rates, the yield on the tenyear note right now is 1. 664 . Brent crude firming up a little bit. West texas intermediate is up about 1. We have ice brent up better than 2 on the trading session. Bob pasani is here to flush that out for us on the nyse floor. Bob. You are absolutely right. New month, but same pattern. That is more volatility. The s p moving the 30 point range today, and were not even over yet. Take a look at the Dow Jones Industrial average. That also moving to the 200 point range. This has been happening all throughout this year. Average last year the dow from a high to a low on a daily basis. About 125 points. Volatility continuing. Ism manufacturing for january, well, it was still showing growt
Were off to the races now. Heres whats happening before the bell. Quarterly results from jp morgan and wells fargo. The economy also front and center and topping todays calendar Weekly Mortgage applications. Import and export prices. Business inventory and the feds beige book plus we have a little bit of focus overseas on the ecb. Top European Court giving a green light to a Bond Buying Program and thats heading out to speculation that well see more stimulus out of the euro zone when they meet next week. Take a look at futures at this house. The dow not so great. Dow looks like it would open down about 57 points down. Nasdaq would open down about 11 points down and the s p 500 would open down off about 6 points. Check out what could be the chart of the morning. Something we dont mention that frequently perhaps. Maybe we should mention more copper because it is a weather for Global Economic activity. Prices plunging to the lower level in half a decade. Prices down as much as 8 at one po
Lunch. This hour first to sue at the nyse. Good to see you, ty, and the dow really remarkably is only slightly lower on trading session right now. We are well off the days lows because about two hours ago we were near a tripledigit loss. Right now were focusing, as ty mentioned on three areas where many stock watchers see some gains, china, beyond dow 18,000 and oil stocks. By now you surely know that oil has been beaten down by 35 in some six months, but what happens if it does start to turn around . How do you play it . Well, take a look at many some of the stocks in the energy sector, transocean, down 52 and danbury down 54 and noble down 50 in a year. Pretty much the same stories for diamond offshore. Cnbc. Com jeff cox is here to explore how investors can benefit if oil turns around and youll give us some names on that, right . Thanks, sue. I did a report for this about cbs. Com earlier, and readers are just diving into it. A lot of interest. Lets do three quick names. The first o