Another busy day for earnings after the bell. Cvs and news corp. Will lead the charge. Well have analysis of all the numbers. Before we get to all of that, lets look at where we are in the markets right now. The markets have been whipsawed today by International Tensions. The dow down as much earlier in the session as 93 points. Right now were down about 75 so we are headed back towards the low, 16,368 is the level there. Nasdaq is off 15 points. S p 500 is off ten. Tyler, it is now down to 1,910. Joining our Closing Bell Exchange this hour, heather hughes, meg green, larry mcdonald, and our very own rick santelli. Welcome, one and all. Rick, id like to go back to something that you showed graphically. Might not work quite as well without your graphics. On power lunch, you looked at the performance of some bond charts versus the equity charts. Would you sum up what you were saying there . I will. As a matter of fact, were going to be showing those same charts right now as i talk. If yo
Could chalk up its biggest weekly advance in six months. We will continue to follow the story out of ukraine and keep you updated throughout the morning. The Russia Ukraine situation, that is not the only geopolitical story on the radar. Chuck hagel sounding the alarm on the situation in the middle east arguing that the longterm threat of isis is even more dangerous than al qaeda. Chuck hagel talking about the 9 11 threat to the United States. Jim, isil is as sophisticated and well funded as any group that we have seen. They marry ideology, sophistication of strategic and ticketical military prowess. They are tremendously well funded. This is beyond anything that weve seen. So we must prepare for everything. And the only way you do that is you take a cold, steely hard look at it and get ready. Also today, fighting between israeli and palestinians continues. Israel air strikes continuing for a third day following the collapse of ceasefire talks. The Israeli Military says it carried out
Electric car that can go more than 200 miles on a single charge. It will cost less than 40,000 dollars. Greece in germany are headed for a showdown in brussels. Finance ministers meet today over greeces request to extend the bailout agreement for six months. A new headlined says a deal tonight looks unlikely. Greece needs the extension to avoid defaulting on its debt. Germany has rebuffed the greek request. The german finance minister says greece needs to make a firmer commitment to austerity. Heres a greeces debbie Prime Minister responded. Deputy Prime Minister responded. At this moment, it appears there are powers that would like greece on its knees so they can impose their will. I believe we can think of what helps our country and what helps these powers. Betty germany is the biggest contributor to the 273 billion bailout to greece. The Parent Company ann taylor, looking to sell. Working with jpmorgan and reached out to potential buyers. It also owns the loft. The best antitrust re
Company is moving in. See which one it is and what exactly theyre going to do. All right. Folks, the economic Ripple Effect from the west coast, port congestion farreaching. One company that happens to be a supplier for ikea has been hit particularly hard and jane wells has been following this story from the very beginning, and shes live in l. A. Hi jane. Hey, guys. Listen up the talks are happening right now, and while reports this morning that a deal was reached last night proved untrue, we may be close. Like really los. But weve heard that before. For Companies Like master craft furniture, that has been a delay so significant up in portland it had to lay off its entire work force. 180 people for two and a half weeks in january. Its concerned its biggest customer, ikea will become impatient. Employee David Underwood doesnt make dockworker wages and doesnt have much patience left. Theres little sympathy for the american people, i would think, on this thinging with somebody making that
Well see what happens as we get closer to the opening bell. Three big stories were watching this morning. Eu finance ministers are meeting in brussels in just a couple hours from now discussing greeces request for a six ismonth loan extension. Michelle will join us in a minute. Also in Corporate News this morning, deere will post Quarterly Results before the bell. Earlier this week we learned Berkshire Hathaway bought a stake in the company. In political news the nations current and former governors are going to be gathering in washington today for an annual meeting also taking part in the conversation administrative and legislative officials along with business and academic leaders. Here are some of the stocks were watching. Intuit posted a stronger than expected loss, Strong Demand for its turbo tax. Tax season. Hurry up. The clock is tick inging. Sneaks up on you. Nordstroms earnings falling short of estimates. The company says margins fell as it worked to clear inventories and used