S p up 17 points higher and the nasdaq up 38 points higher. Give it a little context. Give it a little context. The china situation. What did it do yesterday . It was bad. It was bad. No today. It was bad. Closed already. Closed already. It had gone down as much as 5 in the morning. So they have indicated theyre ready do more if necessary. But people dont necessarily believe that theyre ready to do more because it can only do so much. And if they truly are trying to open up Capital Markets and inflow and be more free market orient, the more that theyve manipulated, the less it looks like theyre going that way. Right. Because then you dont actually trade on fundamentals. Youre always trading is the government going to come in or not. Weve been trading on that too for years now. You mean like for banking shares . I mean we dont have the u. S. Cogovernment coming in and buying stockmarkets. Are you talking about the feds . You dont believe that. I do believe that. You do. I believe every
Electrovehicles. They publish everybodys income tax returns. Should we publish that here . How much everyone makes, what their house is worth . And the corn is this high in kansas right now. Everything is very very green, by the way. You are not allowed to take another vacation. Neither are you. The markets seem to be celebrating today. Stocks up nearly 1 . Dow up more than 200 points. More focused on earnings than the volatility in the Chinese Market. Energy stocks leading the charge today with the S P Energy Sector up nearly 3 and some big gains in names like exxon. Take a look at twitter, rallying ahead of its earnings report. Weve got an analyst saying twitter is his least favorite stock he covers. Find out why. See if they wait until 4 00 to release twitters earnings unlike last time when they were leaked early. Homeownership hitting its lowest level since 1967. We have a former fed official with us who will tell us why she thinks Monetary Policy could be to blame, and it may be p
Mcconnell died about whether there would be a vote to revive the export import bank. Via chrysler slapped with a 105 million fine by federal regulators. The national Highway Traffic Safety Administration said automakers had to complete 23 safety recalls covering more than 11 million vehicles. The wall street journal said u. S. Energy companies are planning more layoffs and asset sales to do with the sudden drop in crude oil prices. Write down the price of crude oil under 50 a barrel. The lowest its been in for months. Former Boston Red Sox Pedro Martinez among four highprofile inductions into the Baseball Hall of fame over the weekend. Joined Randy Johnson and houston second baseman craig riccio and the class of 2015. Breaking news. Overnight the massive selloff took the chinese stock market. Reporter rachel ruble is in beijing with the latest details on that. The shanghai composite today following a. 5 for its largest single day drop since 2007 and the second largest single day drop s
Charles lets begin with the earnings about after the close, almost everything that report after close, looks great, big to mid side companies, almost everyone beat, one disaster, well get to that. This could be great news, these earnings come this morning a lot of companies with strong earnings in key sectors, industrial, and homebuilders and important stocks transportation stocks. Joining to help us figure it out. Jim a. Chief strategist, david nelson, pretty good session, i think oil led the way even oil was not up big it was on verge of cracking down, but transports dipped well, then numbers after the close. You know market was struggling early in the morning. If oil could turn i guess anything can turn that is how session played out. Charles is that like. You know a point in time, everythig is, twitter just an hour ago it was up big. Now i think last i looked it reversed. When you dig into numbers, market was oversold looking for anything. Even some beats stocks up big, you get to
Meeting. Policy announcement coming up at 2 00. In global news chinese stocks rallying overnight. This morning snapping the threeday losing streak. The shanghai composite closing up 3. 5 . Big growth. In europe greeces stock market will not be reopened today as some had expected. The exchange is waiting for an okay from the ecb and government decree. Thats 6 or 700 points. Huge. Stocks to watch this morning, twitter earnings and revenue are both above estimates but it was the Monthly Average user number and it grew at its slowest pace since it was public and that is accounting for a pretty substantial selloff today. 32. I dont know the last time it was there. Jack dorsey this weird beard, calls this unacceptable. Have you seen the beard hes sporting . I have. Its like does the not pass by mirrors . People dont talk. He has a lot of yes people. Yeah it looks good. Yeah, it looks good. I like that egg yolk. Right here. More of his comments and reaction from analysts in just a few minutes