Widely respected naysayers. Sell, sell, sell keep a system that stocks are doomed to go lower, perhaps much lower. A pessimistic drumbeat that gets amplified across tv, print and the web. Regardless of where stock are trade or how the economy might actually be doing and its totally out of sync with reality. In fact, sometimes i wonder if many of the professional bears are living in an alternate universe. One where theyve actually been right rather than consistently been wrong and just the 20 months from midnovember 2012 to midjuly of 2014, the s p 500 rallied 50 including dividends and a performance thats downright spectacular. If you simply bet on the market as a whole via the s p 500 index fund. Youve made money hand over fist. No time and inclination . Fine. S p fund. In the past, this bull run might have inspired some euphoria. These days it only seems to inspire more skepticism. Modicum of skepticism is always healthy, but i find the widespread fear and loathing of this market to
Employment report. The bailout trail back in court. Bernanke, paulson, geithner expected to take the stand this week. A live report from washington. And bitcoin loses a fifth of its value over the weekend. Well explain why and what it can mean now for future of a controversial crypto currency. First up, shares of hewlettpackard jumping in the premarket. Confirming the company will split itself into two publicly traded companies. Services businesses take the name hewlettpackard enterprise. Davids going to have a live interview with hps chairman and Ceo Meg Whitman in moments from now. Well find out when this all began and why they couldnt have done this a few years ago. A lot more detail. You know, carl, for broader takeaways here, it is interesting focus on of course following announcement from ebay last week, and you know connection between these two companies, john donohoe taken over from meg whitman as ceo at ebay. And also in the interview i did with him last week, citing so many o
Opportunities will slow growth aboard mean opportunity here in the u. S. . We are debating that today. You know about sonys woes. A live demo on a creative way to protect your emails. All of that is coming up. Lets get to bob pisani standing by at the new york stock exchange. The dow is on the rise. The important thing is the s p has been moving. The problem is energy. When you get 2 down or so in oil and then a 7 drop in natural gas you have problems. Take a look at the xop. This is the etf to watch. Both oil and natural gas are to the down side. You can see it started down and stayed down 3. 5 and hasnt been going anywhere throughout the day. Big names like chesapeake and range resources on the down side today. Bio tech also weak. We have disappointment over at gilead. Not picked for an important drug. Tech stocks moving, Old School Tech stocks doing very well today. Intel, ibm, cisco systems, Texas Instruments on the upside. People are moving a lot of money around internationally. W
Here. Let me show you oil, wti crude, for a time this rally occurred even though the price of oil was sharply lower, as you see there, until near the close. And look at that turned right around and became positive again. Article carbon reminding us all day that to keep an eye on wti crude because its still calling the shots in this market now. That is an important point, we continue to debate those areas, as Oil Continues to fall or not. Retail names to focus on as well. Get to where we stand with the markets, an hour to go near the highs of the session, dow up 319 points, about 1. 8 exactly the same as the s p is at the moment of 37. The nasdaq adding 88 points a little pit outperformer today but only pie a little bit. Nevertheless, some pressure across the internet name there is, bill. Get to our Closing Bell Exchange for this thursday. We have got cnpc contributeor Heather Hughes with us. Hi there. Jim lowell from adviser investment. Joe hider from cirrus wealth manmanment with us m
And the fall in oil weighing on siemens earnings but the ceo expects benefits from cheaper cool. Emerging economies in india will massively benefit with a much lesser oil price bill and that will go straight to the infrastructure build up. And facebook and a number of other social media sites suffer a global outage with Hacking Group lizard squad claiming credit for the attack. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Blizzard conditions shutdown new york city and much of the u. S. Effecting millions of americans but it may not live up to the hype as one of the worst ever. Forecasters said it could dump 1 to 3 feet of snow from new york to boston but now downgraded the totals. Still high winds prompted several days to ban cars on the road and halt public transit. More than 4500 flights are cancelled today but its business as usual for the markets. You know, when we talk about the impact that this will have on new york city, this is new york c