Started to see the pharmaceutical sector taking the edge off of markets. The dow average was a little higher, the s p was down. Day, this had a good on the back of what is happening with this dollar. Sessionless, a negative delivered yesterday. One of the stocks that stood out, let me show you the chart an arands had terrible afterhours session. Really the fact that we had a revenue mess. Yumchina recovery story for not quite as tasty. In terms of today, we are looking forward to the u. S. Session. This is the percentage miss price. This is where we think the terminal expects the u. S. Market to open. It looks like negative sentiment. We will not get a bounce back. U. S. Futures showing at a flat open. No bounceback after yesterdays selloff. Bank of japan is front and center they are keeping a record stimulus unchanged of its growing speculations the signs of a recession will press it to act towards the end of the month. The media focus turns to the press conference of the governor lat
Where the dow sank and its 5. 9 percent and then 8. 4 percent and its the the best thing to watch this play out and in other words, it makes sense but only for a few days before the market loses interest. Consider for weeks the market despises and then they were low. The market hated them and they were over sold and kept ongoing down and down. And out of nowhere a couple of things happened and then things that determined the stock prices suddenly changed the view from bear stock to bullish in the blink of an eye. For starters General Electric for a one two punch and got the endorsement of a famous investor and the only one of his kind if you followed him, youd bead the market even if you bout the position after it was announced and after it spiked and he got involved buying a ton of stock. Last friday ge reporter had no flies and thats up. That was the signal that theres now an appetite for these, and theyre getting more more months. Since then we have seen you United Technology and th
Today with oil down quite a lot. In fact, its currently down by nearly 3 sitting below 42 bucks a barrel. Over the last year oil has lost 45 of its value. Who do the numbers stay . Coming from the transport sector the numbers may be signaling a possible recession. Well tell you what those numbers are and why you might want to take note. As we can see, stocks are sliding at this hour. Get down to the floor with bob pisani. How much of this is due to oil, bob . A very large part of it. Lets look at the s p 500. We got down right at the open, 12, 14 points on the s p and nefer looked bac ee eed back. Mandy is right, its the commodity complex, particularly Energy Stocks thats having a problem and this has been going on for days. Big moves down in some of these names, and sop me of them are dn double digits, anadarko, murphy, down double digits. Weve been talking about this all week. We know the lowest level since august, a lot of warm weather. There was some disappointment we didnt get a d
Gilead. We will have the instant analysis. We are 26 hours away from the start of the cnbcs coverage of the gop president ial debate. Steve forbes and todd butch holds are here to tell what you say they want to hear from the candidates and predict who they think will come out on stop. We begin with ibm under investigation by the sec they have dis pleased. Bob pisani has the latest as the shares are falling. Well, obviously investors are taking this a little ease seriously. Ibm down 3. 6 . It dropped 2 on this news and their investigation on revenue recognition issues at the sec, ibm says they are cooperating with them. They are investigating how they account for certain revenues that they get from transactions in the u. S. , in the u. K. And irela ireland. You would think does that sound that serious . I think the issue here is that revenue recognition is sort in the Software Services particularly is sort of the heart of their growth that theyre having and anything that interrupts that
Could lose credibility if inflation does slip. Francine welcome to the pulse live from london. Manus french Prime Minister has said this morning that president hollande will meet with obama in washington and putin in moscow next week. Francine overnight starts destroyed islamic states headquarters in raqqa. Hans nichols is standing by in brussels. Lets get across to guy johnson in paris on the ground. What has the french Prime Minister been saying this morning in regards to security spending . In regards to a variety of issues. The radioas on confirming essentially what has president said to the joint session of parliament yesterday. The budget deficit rules, gone. We are going to spend some money and make sure our Security Services have what they need to take the fight to i. S. We are going to have more soldiers, more customs guys, more prison guards. All of that money is going to be spent. That means that france is essentially going to miss a 3. 3 deficit target next year and its bey