Yamma, flash boys fame, claim the market was rigged and former australian Prime Minister, kevin rudd. Plenty to discuss with him, from the siege in sydney to the massacre in pakistan and chapter in signer hacking in light of sony and reported likelihood north korea was behind all of it before we get to that lets begin with the markets. In fact, an historic day lack agent nearly 300point gapes for the dow, second session in a row to put that in perspective we havent seen backtoback gains of this point magnitude since december of 2008, same for the s p 500, add 3 points today on top of about a 30point gain yesterday. Again, thats the first time we have seen that in more than five years. Get into this market rally and closing Ball Exchange with the nasdaq also up nearly 2 again today. Ron mullin camp us, jim lowell from advisory investment, hank smith from Haverford Trust and very own rick santelli. Welcome, everybody. Jim what do you make of this snap back . Too much too soon . No not at
Analytics reporting bargain hungry shoppers bought less. Sales fell by mid single digit percentage at brick and Mortar Stores on friday and saturday. That compares to the same days last year. But, heres the important part, it does not include online sales which of course have been the story of the season. Wellknown industry analyst dana telsey will join us with her thoughts later this morning. In the meantime, Steve Weissman has the headlines. Apple announced it has signed a longawaited agreement with china mobile to sell iphones to the worlds mobile phone users. It could add billions of dollars to apples revenue. It will start january 17th. China mobile will begin preorders on wednesday. Eunice yoon will join us. Tiffany must pay swatch 449 million in damages over a failed joint venture to produce and market watches. Tiffany is cutting its full year profit outlook. Boeings unionized machinist workers will vote january 3rd on the latest contract. Where boeing makes the 777 voted two to
For the time being. Our road map with the markets under continuing pressure after logging their worst day in more than a month yesterday. Jc penney reporting a smaller than expected First Quarter loss and nordstrom reporting a better than expected firstquarter profit. The seafood lover darden selling red lobster to Golden Gate Capital for 2. 1 billion in cash. A whale tale, the money swimming into verizon. Well explain that later on. All right. Futures as you said, you saw relatively stable after the stock markets worst day in about five weeks. The dow posted the 167point drop. S p fell almost 1 and the nasdaq is now in the midst of a threesession losing streak. During our program yesterday you saw the tenyear note fall below 2. 5 for the First Time Since last october and the russell intraday hit that official correction territory, managed to claw its way out by the end of the day. A lot felt that bounce was significant. You know what, i think that dave tepper really this was a dave te
And in an exclusive interview with nbc, one of the worlds most famous whistle blowers, Edward Snowden said he was trained as a spy and was not just a lowlevel analyst. Youre watching worldwide exchange, bringing you Business News from around the globe. Good morning. Welcome again to worldwide exchange. Lets get straight on with some of todays top stories. General electrics latest offer for alstom has been, quote, improved with notable changes on the companys commitment to job. The comments were made after a morning meeting between hollande and jeff immelt this morning. Stephan is in paris. Given these latest noises, whos most likely to do the deal here do you think . For the time being theres no affirmed formal offer from siemens so ge is alone in terms of a formal offer. We know the original bid has been improved, especially on jobs. Theres no details on precisely what General Electric is offering for alstom. Yesterday, speaking to the parliament, jeff immet says the group would make
Bri a little bit too much of a literary analogy there. Good morning. Its a huge week as becky said, especially for the summer. Well look at the markets. The s p, dow and nasdaq indicating a slight drop, but folks, its early. The beginning of a big week. Well check oil. Oil prices this morning not doing a whole lot as well. We are seeing wti crude come down to 57 cents to 101. 52. All the hard commodities, brent, crude, heating all, they are all slightly lower this morning. The tenyear treasury yield is favorable if you are a borrower. If youre looking to buy a house, the tenyear yield is down but the tenyear note is down 2. 5 . The Mortgage Rates should remain low. Were seeing a slight move higher in euro dollar, 1. 3435. And we are seeing the price of and ounce of gold up 1 to 1304 this week. It will be a big month in geopolitical. I think it stands to note that you guys know with all the stuff going on geo politically, its a good time for companies to come out with something you dont