That stock soaring today after meeting expectations on earnings. This company now has a higher multiple, higher market capitalization than wall administrator. Probably higher multiple, too. Yeah. Im sure it does, as a matter of fact. But is it justified . Well talk about that coming up, as well. Heres the markets right now. Final hour of trade on this mid ferm tuesday and the dow slightly higher after spending the morning in the red. Higher by 22 points or so. The s p though is negative off by about 5 and the nasdaq off by about 14 and talking about whats off today, bill, may have something to do with the midterms and a question to explore. The price of oil as you mentioned. Fouryear low for wti which well get to here and the closing bell exchange. Mark spellman joining us here at the new york stock exchange. Amy wu is with us. John manly. Kenny pulcari and our own rick santelli. Why isnt the low on oil putting more downward pressure on the stock market hand it has . Im on the opposite
What would that do to investor euphoria . Well talk about that, coming up in a moment. Theres another entrance into the fast food space today. Bojangles. Take a look at that huge first day move soaring on this first day of trading. Up. Weve seen that menu before. Ha, ha, ha. Were here for two hours, folks. Uber may be looking to ditch google maps and, get this pay 3 billion with a b dollars for another service. What are they going to get for 3 billion . People gave it to them, apparently. All these crazy ams of money another story we talk about all the time. In the markets, the Dow Jones Industrial average close to the highs of the session, higher by 271 points a gain of 1. 5 . S p is also higher by more than 1 . So is the nasdaq. Nasdaq is up 53, almost 54 points. Were still talking about whether or not it could regain this 5,000 level. Its recovering at 4,999. Gosh. Good chunk of the session. All right. Lets get to our Closing Bell Exchange today. A lot to get to with our guests. We
Red across the board on some weak u. K. Cpi. Respectively sitting at or around new highs, the nikkei logging its best gain in two months. Apple puts ice new ipad retina on the market. And walmart steps up the competition. Another record close for the dow. The s p finishing just a fraction high of the alltime high. The nikkei closes at a high. And up say, jim, the dips are bought again and again and they are. A lot of times its just the intra day dip. Something might happen, a piece of data comes out and people say this is my chance. Theres a classic downgrade today of fedex. Fedex has been on fire. That deal with amazon and the post office, that is bad for fedex. Watch that stock. That will be the tell. It will go down a little and then buyers come in. Buyers cannot resist the transports. The downgrade of fedex to a market perform, they raise their price target from 136 to 117. They dont even mention the amazon ups deal. They say the value is outpacing demand i say thats convincing, i
Spectacular fireworks display ever put on there in dubai. What theyre trying to do with this new years celebration is set a new world record with 400,000 individual fireworks. And this would defeat last years record set by kuwait. You know how many they set off that year . 77,000. Oh, wow. So this takes it out big time. So were watching a huge celebration there and probably will be the biggest this year for new years. That one in dubai as they kick off 2014. And thats just a small piece of the whole showing. The guys over here saying dubais crushing it. By the way, thats what surplus will do for you. Yes. A few oil dollars will help there. That economy has been doing well obviously there in the middle of the persian gulf. A spectacular display that will not be equalled anywhere around. And of course weve had a spectacular display on wall street for the stock market in 2013. The best market year for the dow, for example, since 1995. And were still going higher today. The dows up another
Giants fan bryan stow addressed his attackers for the first time. Good afternoon. Two men pled guilty to brutally beating bryan stow, a father of two, a husband and respected former paramedic. Moments after his family spoke out, one by one, we have a look at their emotional statements. One of the attackers got eight years, other four. They will both be serving much less because of time served and credit awarded. You are the biggest nightmare for individuals that attend public events. The judge berated these men in court after they pled guilty to beating bryan stow almost three years ago. Before their sentencing stowes family spoke. What you both did late in the nengt dark at dodgers stadium was cowardly. Your lack of regret makes me despise you even more. At some points in the hearing one of the defendants was seen smirking even after bryans sister read a leter from his two kids mother. Louie sanchez pled guilty to mayhem and was sentenced to eight years in prison. Marvin norwood pled