For us this is like birthday, hanukkah, and flying a blue angel flight all at once. The polls close at 10 p. M. Eastern time, and the Current Senate minority leader and possibly majority leader and possibly majority leader to be Mitch Mcconnell voted in kentucky today projecting bright moves to the press. This is going to be another good day here and hopefully around the country. I am hoping we will have a new majority. Despite the anatomical possibility of what i am about to suggest, you have had both ears to the ground all day. What im wondering if regrets are privately as pessimistic if democrats are privately as pessimistic as Mitch Mcconnell is positive . The polls are open. We should not discourage anyone from voting. Most republicans and talking to today are optimistic. Not giddy. They are still worried about the floridas governors race. They do not think they will run the table on the senate. They are confident they will take senate control. Most democrats are pessimists. They
Its not good, might be excellent, wait a second, its trading down, lets go over the quarter again, maybe theyll explain things on the call or does the market have it wrong . There. Thats an accurate depiction what you hear behind the scenes during earnings heavy days like this one. Day where the dow gained 62 points, nasdaq climbed 4. 17 . Earnings season, earning season is a mad house and for the one week at the very height of each period right now, its a mad house where the guards have been locked up and the inmates have taken over the asylum. House of pain for 48 weeks out of the year, theres enough time for you to think before you make a judgment. But for four weeks a year where we are overwhelmed with earnings report, this week, you are up against terrible odds and making mistakes is all too easy. So how do you make things better . How do you handle the pressure during the height of earnings season . First thing, you avoid the battlegrounds those are total nowin situations. Right
Yellen on the u. S. Economy, set to testify today. Well bring you both prepared remarks and q a live. Home detail shares are higher premarket following solid Quarterly Earnings but macys volatile this morning on what are mixed results. Jpmorgan shares higher. The bank outlining new measures to streamline businesses and cut some costs. The nasdaqness aiming for a tenth straight day of gains after closing at a fresh 15year high. On capitol hill in an hour fed chair yellen begins two days of testimony on the economy. The watch is on for hints as to when the fed might raise Interest Rates. Shell face the Republicanled Senate Banking Committee, whose chairman is a fed critic. Live coverage of yellens testimony and the q a session with lawmakers. A lot of tea leaf reading this morning about whether or not the fed is simply trying to tap dance here play for some time let wages come back let greece play out and so forth. I think thats right. Its funny, the most visible thing that they could lo
Sessions where we rest and recharge. For what . For the next assault higher. The move im watching for like a hawk is the takeout of the nasdaqs old highs. You know i feel that its long overdue. Im not afraid of it. Were on much firmer footing these days versus 15 years ago. The Companies Leading the charge now for the most part arent that expensive, with the exception of amazon and netflix. And im hoping we wont hear tales of irrational exuberance. If we breach that i go know mainous wall even if done with amazon and netflix and apple at the vanguard. You know what netflix is a real good place to start the game plan for next week. Because those of us who are subscribers to netflix know that at 6 23 a. M. This very morning, the new season of house of cards became available. Did you get your email . I did. I always tell you netflix isnt a play on earnings per share, its a play on signups per share and i expect them to be voluminous. Big lookout monday for analysts itching to raise their
Looking for record territory of their own. Shares of best buy set for a nice gain after earnings ahead of estimates. Well tell you why its still about the tablets. Strong demand for jeep brand helping sales at fiat chrysler. What to expect from ford and gm when they report later on this morning. You saw it happen here on squawk on the street during yesterdays session. The nasdaq hit 5000 for the first time in 15 years. The index finishing above that level. Now about 40 points away from its record close. Meantime, the dow and the s p each posting alltime closing highs, along with the russell. As you might expect jim, broad media all over it. The nasdaq 5000 logo, bleeding into the mast head over at usa today. Interesting, i think they dont have i think that most people would know Kim Kardashian far better than what stocks are doing on the nasdaq. Last time the man on the street new it was time to buy cmgi. They didnt know it was time to sell cmgi. Priceline did come public this day in 1