The after hour session, passing apple now to become the worlds most valuable company. Is this perhaps signaling that stocks may have gone a little bit oversold at this point . Guy . I think alphabet is about alphabet and karen had great insight into this last week. I think across the desk weve had different degrees of bullishness. This takes it to an alltime high. Personally at 22 times forward earnings. I dont think its that expensi expensive. It has room to meet and grow in terms of multiples. Paid clicks were up 21 . The street was looking for twothirds of that, and they were able to maintain effectively the operating margins that they said they were going to get. I think thats encouraging. Can the stock pull back down to 775, 70 . I think so yes. Do we know what the other core businesses have done and the other bets have done . Karen, what did you learn from that . It was hard to guess exactly, but tim and i were talking before the show, 2 billion to 4 billion issues have ranged fr
Bank warning the fed not to hike. Oil is just a tad lower. The road map has the rally continuing this morning. Plus the september date has arrived for apple. A new iphone, ipad, apple tv, can it help the stock going into the Holiday Quarter . Next big short. Why one Natural Gas Company is, quote, a disaster. First up, futures are arise again after the dow closed up 390. The nikkei surged up 7. 7 . And shortseller, continuing to sell the alarm on his bet against china on squawk. The chinese economy, since i was on squawk in february of 2010, was growing at 15 , nominal. Its now growing at 5 nominal. 7 real, 2 deflation. It has been going down in terms of the economy by 2 a year. Thats going to continue. The model is broken. Chanos reiterating his message, that is the economy is still 50 . Investment driven, and as the economy slows down, he sees a credit event where they lose control of the currency, lose control of their financing, and thats when the real magic happens. Hes not alone i
Correspondent Steve Liesman will go through the recent statements from med members and say what it all adds up to concerning the september 17 decision now just seven trading days away. Mandy is live at the New York Stock Exchange with mary thompson. Mandy, i said im going to let this thing grow until the market turns around, so its got about three hours left. Is that why they turned off the lights so you could come out and big reveal, the big spot light on the hair . Love it. Looks great. All right. Good to see you. Welcome back. Good to see you as well. Stocks in rally mode just off the highs of the day and nonetheless up by 282 points with tech and health care leading the gains. Mary thompson joins me on the New York Stock Exchange floor. Mary, just a moment ago im sure you just heard josh brown saying if youre bullish lets hope this rally today holds. I think a lot of people are hoping for that because as tyler mentioned at the top of the show, a lot of the notes over weekend are st
Before the bell, well be hearing from retailers walmart and kohls. And the bulls are hoping todays earnings and Economic News can give stocks another boost. The dow snapped its threeday winning streak. Out to the futures this morning, youll see at this point there are some strong moves in a positive direct. Dow futures are up about 60 points above fair value. The s p 500 up by eight points, the nasdaq up by almost 20 points. While we were sleeping, asia closed mixed. Take a look at what happened with the nikkei. It was up another 1 . A lot of speculation out there that the Prime Minister shinzo abe may have decided to call an early election. Also thoughts that they would be putting off the planned hike in sales tax. If they put that off, that would be another positive for the economy. Industrial production rose therein than expected last month. Shanghai was down 0. 3 . Retail sales falling slightly below estimates. If you take an early look at whats been happening in europe, some stron
We anticipate paying out the load this year than last year. But with all of that said i think the core of the business remains strong. Hopes are raised of finding the black box recorder as recovery teams locate the planes tail under water. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to the show. Lots of data coming out of europe today. The latest that has just broken is italys jobless rate which for november has hit 13. 4 . That picks up from 13. 2 in october. This is the november reading that were getting. Its had highest rate since the data series began back in 1977. So the fundamental weakness in the labor market in italy is certainly still an issue. As you can see the euro is roughly at concession middle point for the day. Its at 1. 1868. Down 0. 2 on the day. Thats iraqiing more in the last five or ten minutes to some of the german data weve had. And lets recap those german jobless numbers. German december adjusted jobless