And volatile session the. 5 rate cut by the fed morning doing little to calm markets. Maybe exj rating the selling dow giving up half of mondays gapes at the end of the day down 785. Keep this in mind. The dow is now down 3,500 points from highs of less than a month ago. Stocks of course a story but the big story of the day was the bond market. Holy smokes. Bond yields continuing to fall on the 10year, in fact the freefall at 2 00 p. M. Eastern time at 0. 99 . The drawing is not good but you get the point. Under 1 on the benchmark 10year note we have never seen that before buyers not just coming into bonds, also flocked into gold and the gold mining stocks the precious metal up 3 the miners even more the gdx, a gold mining dpks index up 5 today. If you tuned in last night we hope you did everybody around the desk said they were not buying into the gains. In fact, guy adami i believe you said well rally to the 3,500 on the s p 500 on fail you nailed it what do you think of the markets n
Its up another half a percent. Well get disneys earnings after the bell today. Apple is thought of as sort of the lead dog. Its the Largest Company out there. I think disney is the company to watch these days. What a performance it has turned in. Meanwhile, aetna out with earnings this morning. Its getting a big boost from medicare and medicaid these days. We have a first on cnbc interview with ceo mark bert bertolini. Breathtaking consolidation in that industry. Really looking forward to that. Also rock star and actor Rick Springfield is joining us at the New York Stock Exchange. Well talk about his latest film with meryl streep and what he thinks about taylor swifts harsh words for spotify. Ring springfield has sold 25 million albums in his career. Thats a lot of potatoes. Im sure he has some comments about streaming these days and whether or not that is a way for a musician to want to get paid whether the compensation is enough. Taylor swift says its not. As soon as you said he had
Before we talk about you in any direction, let me ask you about Paul Manafort. People are curious, is it a class that styles or was that this sort of thing coming up, this russian ukraine thing that we here in the media starting to bubble up a little bit. Are some upcoming thank you are a match. Thats of you. Paul has the exact same panel today he had yesterday in many responsibilities. What Paul Manafort has done in this campaign has been phenomenal. It took us to a place where we need to be in this home stretch. You need to add more people appeared at the very busy time getting to the last 12 weeks of the campaign. Charles on the ground, adding talent at the top. Theres only one room at the top and youre at the top position right now. Everyone can see that. Whatever happened behind the scenes is great. This is my interpretation. I know youre back around. I think this speaks that donald trump gave last night was a jack kemp type speech in that mightve had Kellyanne Conway influence al
Topped 18,000 for the First Time Ever today and it closed above that milestone too. Sprinting from 17,000 to 18,000 in just 119 trading days. Now, thats fast but not the fastest move, not by a long shot. Back in 1999, the dow jumped a thousand points in 24 trading days. Why the big spike today . You can thank the bold, burly u. S. Economy. We learned today it grew at a 5 annual pace in the year recorded. Thats the fastest quarterly growth rate in 11 years. Consumers are feeling good. One measure of sentiment clocked in today at 8 year high and growth of personal spending doubled in november from october. With that encouraging news about the u. S. Economy, heres a look at the final tally on wall street today. The dow off its high at the session but still jumping 64 points for that new record high of 18,024. Nasdaq though, down by 16 on a pullback in biotech stocks and the s p 500 added three, settling at its own record close of 2082. Thats the 51st all time closing high this year. Stock
Hohoho. Topped 18,000 for the First Time Ever today and it closed above that milestone too. Sprinting from 17,000 to 18,000 in just 119 trading days. Now, thats fast but not the fastest move, not by a long shot. Back in 1999, the dow jumped a thousand points in 24 trading days. Why the big spike today . You can thank the bold, burly u. S. Economy. We learned today it grew at a 5 annual pace in the year recorded. Thats the fastest quarterly growth rate in 11 years. Consumers are feeling good. One measure of sentiment clocked in today at 8 year high and growth of personal spending doubled in november from october. With that encouraging news about the u. S. Economy, heres a look at the final tally on wall street today. The dow off its high at the session but still jumping 64 points for that new record high of 18,024. Nasdaq though, down by 16 on a pullback in biotech stocks and the s p 500 added three, settling at its own record close of 2082. Thats the 51st all time closing high this yea