As being totally disingenuous. The jd of what happidea of whatt week with the minus 37, theres a couple of Financial Instruments that are wrong they are broken. We dont regard things as broken because it seems almost impossible that something could break. But the future that you see and the actual prices are very different, particularly in the out years. And i think whats going to happen is this has to go to zero again, because we dont have more space i heard the ceo of the largest Tanker Company on friday saying theres no room. Why should this number not go to zero it should go to zero faster than it did last time any chance it will go to zero. Yeah. Any chance that it doesnt because we will begin opening u some of these states thats certainly a hope, but there are times in life where people know that theres an instrument that is faulty. And they can shoot against that instrument and bury these people there is this financial problem that people behind the uso, they are financial peopl
Movers this month. Jim cramers going to be on here to tell us what these par boir bolick moves mean and tillray announces a shake up well talk to the ceo, brendan kennedy, to ask him about his plans to make this hot stock hot again. Say that five times fast power lunch starts right now stocks are retreating today, it was above 29,000 before sinking just moments ago before the breaking news, reports of china tariffs staying in place until after the 2020 election. Kayla has some new details on this developing story. Kayla, i thought they were supposed to sign this deal tomorrow i guess its still on, but youve got some details. Go ahead signing is sill on, but the principles have maintained ever since this was reached that any future tariff reduction would hinge on chinas compliance with this first phase of the deal an Administration Official telling me moments ago theres no agreement on a path forward with regard to tariff reduchotin to between mid december and today, there is still no d
Shortly after ben bernanke wrapped up his speech. We will get into exactly what he said in a minute. But the homebuilders seem to be kind of impervious to all things bernanke. Gains across the board thanks to strong data on Housing Starts and permits that came out today. They looked pretty good. Oil, though, taking the spill listen, up 2 yesterday. Down more than 2 today. Traders heading for the exits on word and its only word that there may be a ceasefire in all of the tension in the gaza strip. Over the past week, fighting between the israelis and hamas, rockets along the gaza strip, its continue to escalate. Its caused oil prices to spike in fear of supply shortage. Word on the ceasefire reversing those moves today. Again you are hearing signs from both sides, who said ceasefire . Who said that . Its just a word. It might be premature. Lets get to the floor show with traders at the New York Stock Exchange cme group and the nymex. We should start with Elliot Warren who is at the nyme
Less than a percentage, but nasdaq is down 1. 3 . You should have seen the look on her face when we noticed that earlier. Lululemon among the retailers thats been warning today. That stock has been down 16 today. And weve got all these earnings coming out this week. Weve had all these warnings so theres a feeling of fear right now definitely an wall street. And anticipation. Retailmageddon is the way one retailer put it to us earlier. Goldman sachs sounding the alarm on valuation saying investors are too focused on stocks and hurting longer term return. Were not just talking stocks so far today. Gold interestingly has been heating up after a horrible year last year and who better to get the outlook for gold and the precious meatals than the ceo of gold corp himself. Coming up this half hour. Talk about a tough 2013. Look at markets right now. As mentioned, the dow is off 159 points. The s p 500 is off 20 points. Near 1820. In fact, it is trading about 1821 so were well through the lows
Closing high. Tyler, just thinking about that, that was april 30th, our 25th anniversary and see if we can do it again today. I think the s p is trading at record high closing territory. Meantime, a heavy duty lineup on closing bell. Exclusive interviews with cant fitzgerald head and two friends who started with 200 have a brand worth millions. And will housing turn out to be a bad investment over the next decade . Kevin oleary says yes. Hes here to make the case that youre better off renting right now than owning a home and wait until you hear why. Heres where we stand in the markets. Tyler mentioned the dow is up a couple of points to 16,729. Still 15 shy of the record closing high. Take a look at the nasdaq which after underperforming for the last couple of sessions is trying to add 15 point today and the s p 500, keep a close eye on this one. The record high is 1924 just about, and were trading at 1926 right here with about an hour to go, tyler. Lets talk markets. Joining our Closi