Growth forecast as the easing of austerity policies. Supports recovery now, 4. 2 . Mortgage applications have been going down since june. They are out at 8 30. P. M. , the fed releases the beige book. What have you done for me lately . Earnings. Before the bell, scarlet will be out all over this. Bank of america after the bell, cfx csx. Cold is a big deal. Michael mckee is famous for carrying vietnamese dong in his wallet. The president talked about the economy in North Carolina. Let me do a data check. The king at stocks, bonds, currencies, commodities. We are up. We have been churning euro dollar. The nymex crude recovers a little bit, but there is a dampening thing going on looking at the global economy. On to our next screen. The idea of the vix churning again between the 11 handle up to 13. We have come back nicely in the last two sections. This is important. The dollar has gone nowhere. You see that in the dollar index spot rate. 1. 0972. Eakens that secondarily, the turkish lira
Internals that are breaking down . Well have that coming up. James paulsen is not surprised by todays red arrows but hes also not worried. Hes here to talk about how hes playing the volatility. Is this a buying opportunity for him . It could be for you as well so stay tuned for that exclusive interview. Also, the fight over tesla continues. On friday on this program we had the arizona lawmaker who is now fighting to overturn that states ban of direct sales to consumers. Today the president of the Arizona Auto Dealers Association will join us exclusively presumably to give us the other side of that trade. That should be very interesting. Thats coming up later on the closing bell. So many people following that story. Here is whats happening in the markets. The dow is off 21 points as you can see there. Thats well off the session lows. Were climbing back towards positive territory, but still about 0. 1 to go. The nasdaq, this is the one getting all the attention. Its off 1. 2 . 50 points
Very quiet. Yeah. And followed by the Rate Decision at 2 00. No press conference today, right . No. No change expected. But they might change a wording. Well get geeky on it. Earnings before the bell, he is in that deal potentially. And hess is in that deal. Whole food and yelp. President obama speaking. Did you make note on the fed coverage. Betty and i will speak with Alan Greenspan. Ive not some tough questions ith him. Let me do a quick data check here. Looking at stocks, bonds, currencies and commodities. We fluttered around 1966 on s p futures. He euro, 133 handle. On to the next screen. In the vb6 pop yesterday, vix, pop yesterday, further lattening. All in all, a weaker ruble given the new sanction. One of our theme today. And yen is weaker as well. Lets go look at Vladimir Putins world. This is the volatility of the ruble. And weve redone that year with a weaker ruble in the last one, two, three days. This is the market voting on the sanctions. And particularly that impact on
Jeff ranieri has the details. We want to look at the hottest temperature today at 96. Hotter for tuesday and also on wednesday. With that said. Heat advisory for 99 of the bay area from the north bay to the santa clara valley. And at the coastline, temperatures 95 to 100 degrees tuesday and wednesday. I think the number one hottest location tomorrow will be the trivalley also portions of the south bay. And heres a look at how the south bays going to heat up. We start in the low 60s. Then by the noon hour shooting up to the low 80s. Thats where we should be for our highs in the south bay. But by the afternoon, temperatures in the low to mid90s. A quick jump on the temperatures tuesday. If you are going to the coast to escape the heat, dangerous rip currents will be in effect. Well have details on who will hit 102 degrees coming up. Also a look at where you can stay cool during the heat and the one business seeing a surge in demand. Thats just ahead. Not Just Innovation and ipos theres a
Crude oil will watch, as well, down 6 of the past 7 weeks. As we mentioned, our road map begins withal ibm. A deal to offload the chip business. Markets feeling the impact of that ibm news. The dow has been dragged lower but the s p holding on. Is this a setup for another volatile week . And as it fprepares to launch after the bell, apple launches a catch. Premarket, the dow component reporting 3. 68 a share. Well below forecast of 4. 31. Sales fell across several divisions. Ibms chairman and ceo Ginni Rometty say theyre disappointed in the performance and will pay 1. 5 billion to take over ibms chip unit. David will have that interview with rometty an hour from now. What are the key questions we need to ask . You know, i think, carl, when we talk about these companies these days the theme keeps coming up, whether it was ebay, hewlettpacka hewlettpackard, and now ibm. The speed is the overriding theme, having continued to speed up. What is that doing to so Many Companies in terms of th