The 12 year lows. Theyre on the rise with china stocks as well. Look at oil, 33. 78. Lauren stocks and oil moving in the same direction this week. Market chaos in china certainly becomes a political issue on the campaign trail. Well tell you what candidates like donald trump had to say. Nicole well talk to gordon chang. He is the author of the coming collapse of china. Is this just the beginning of the end . Well hear reassuring words from Charles Schwab chief investment strategist Liz Ann Sonders. Live reports and analysis. We have you covered from beijing, new york, and chicago. Fbam, your look at fbn am, your look at markets and breaking news, what to expect in the day ahead. Mike ingram, market analyst at bgc Partners Joins us on the phone. Mike what are you thinking now, after this crazy week . Look, were down 5 but up arrows this morning. Now what . Frankly i would just stay well away. Very controversially underweight equity markets end of the First Quarter of last year. And im s
Superbug in the medical center. And winners and losers in the greek financial crisis. Lets get to the top stories we are following. The u. S. Government is asking a federal judge to lift his temporary hold on president obamas executive action. The stations have argued the president s action was unconstitutional. They say is unlikely the judge will put the ruling on hold or that means the request would then go before the fifth u. S. Circuit court of appeals, which has federal jurisdiction. President obamas bees at this hour in washington to members of retired persons. This as the white house says it will throw its rate its weight behind a white house proposal over time and savings. It will require brokers to assess customer best interest which could limit the earnings of Financial Advisors. Classic is really unfortunate the white house would engage in this type of political discussion when in fact, they are picking a fight with 58 million american households that deal with registered re
And david powell is in london following the latest on the greek bailout talks, but first lets get you to some of the top stories we are following. Disney is at it again. The Worlds Largest Entertainment Company posted quarterly profits that were 10 better than a year ago. Results improved at the disney theme park and merchandise units. Frozen is still a big moneymaker almost 1 billion a merchandise sold. One clout, operating income fell at the disney table networks, the reason higher production costs at espn. After 20 years as the head of cisco, John Chambers one as want to survive the boom and bust cycles, and now, he is stepping down as ceo. He will move to the chairmans seat, and earlier, mr. Chambers discussed his new role. Mr. Chambers i will be his wing man, the next Frontier Forces go, to power our growth not for one or two years but 10 years, focus on tea, Strategic Partnerships and speaking, so the bottom line is chuck will be the ceo. He will make the decisions. I will be his
Dagen i went over to the fox sports studio because hannity was broadcasting. It was really cool. Don i saw it on tv. Dagen our usual attitude. There was a lot of adult men wearing jerseys. Connell nothing we can do at this point. Just angry about the stock market being down and all of that. Dagen the fourth triple digit loss in seven sessions. Nicole petallides has more. Nicole 1. 1 . The s p 500 down. 8 . The tech heavy nasdaq down three quarters of 1 . Clearly, 2014 has been a tough go at it. The worst month since may of 2012. The worst january performance since 2008. It just shows you, big picture, that we have had a tough beginning. A few names on the dow squeezing out a few names. Chevron, for example, at new lows. It is worth 28 negative dow points. We also had mastercard. That was a mess. Not a dow component, though. Connell thank you. Dagen the major market gauges expected to end their first january that is negative sense 2010. Is this just a sign that the world is bubbled up b
We are live in Atlantic City. But we head to the floor of the new york Stock Exchange, Nicole Petallides. Theres some green on the screen. What have you got for us . Reporter i enjoyed watching some of that gambling video, looks like fun. All up arrows. No record on the dow, no record on the s p today. I know youre used to me saying it, but not yet or not today. But for the nasdaq youve got the record, okay . 4,017, a new intraday record that we havent seen since the year 2000. All three have up arrows, the nasdaq up onehalf of 1 . The vixx, the fear indeck, pulling back a little bit. Lets take a look at some names that are hitting new highs, right . I said no record highs on the dow, but you do have on the nasdaq. Walmart and nike, these are dow components that hit highs, American Express and also travelers, macys not a dow component. New highs also some others worth noting, Southwest Airlines hit a high, pulled back. Well watch that, obviously, as people are trying to get where they