Coming up. We do have quite a rally with the dow in particular. The transports continue higher all the major averages are in record territory. We also have big calls on the Airline Sectors today and the banks as financials get set to report. Were heading into earnings season well have you up to date on those. Lets start on the floor of the new york stock exchange, mr. Robert pisani joining us with a recap of whats going on as we get ready for earnings, right . Yeah, a lot at stake here, but sixday winning streak, just six days in a row since december 17th p nasdaq has the best sixday winning streak since the end of january 2016. Were starting earnings on friday, there are very High Expectations thats my theme. A shortterm risk. The markets. Just on earnings, analysts are much more optimistic we hardly got any last quarter here were expecting bigger beats, not by a penny or two pennies but more than that if youre disappointed youre going to get hit more. Also, we have guidance here. Now
Lunch. The crypt o hits the fan im Tyler Mathisen the dow down and off to the worst week in two years. Energy is getting walloped apple shares on pace for the worst week in more than three months bond yields, this is the story, folks of the week. Maybe the story of the year. The 30year bond yield now above 3 highest level since march. The benchmark ten year jumping to a fouryear high above 2. 8 Steve Liesman is the man and he is joining us for the hour thanks, tyler im steveliesman we begin with the market, selloff concerns about Rising Interest Rates a big reason why. Bob pisani is at the New York Stock Exchange where weve just crossed the down 400 park. We bottom but the bad news is were not rising were sitting near the bottom and paralleling the 10year yield. We hit the highs about 2. 85 that was about 10 00 eastern time and that was when the market essentially stopped going down you could see it moves sideways. Take a look at the s p 500 and weve been moving sideways since 10 00. B
This one of general john bell hood. If you look at his photograph, you will see that is the same uniform he is wearing there in that particular photograph. The same with general clayburghs uniform. This is the uniform he was wearing when he was killed at the battle of franklin in 1864. It is also the one he is wearing in the photograph there. Some of that is battle damage, but most of it is insect damage. Its the first we have been able to display it. It is the first it has ever been on display since his family gave it to us. His family did not want to give it to us because they were embarrassed about the condition it was in. There are such few artifacts that remain of patrick clayburgh that this is a important piece to have of him. The graphic here depicts the surrender of some of lees army at sailors creek. He lost about one third of his army at the battle. After that battle, general grant initiates a conversation with general lee by messenger, telling him he does not want anymore bl
But the james is virginias largest river. It forms in the appellation mountains and flows through the chesapeake bay. The river serves as a trade route for colonists. It is sometimes referred to as founding river. Next, we will go to tredegar iron works. Tredegar iron wass possible for producing a large majority of the canons produced during the confederacy. They at structures that no longer exist from battlefield hospitals to the battlefields himself. The ironworks is one of the few remaining structures that war,ed before the civil and existed for decades afterward. Its history goes back to southeastern wales in the united kingdom. When richmond businessman wanted to begin in ironworks era in richmond, they contacted engineers and millwrights to come over and design their rolling mill and ironworks here. Tredegar hadtarted a good imagination. He was not a good businessman. They ran into financial trouble. A west point graduate was brought in initially in 1841 is a purchasing agent, ki
Personal spending was a disappointment this morning. We begin with the first trading day of the month after a monster february. With an eye on nasdaq 5,000, will the momentum continue into march . Warren buffett on the record on the economy, ibm and the news that these were places amex as costcos credit card partner. The biggest acquisition in tech. Exclusive with the ceo of nxp in just a moment. And after lots of leaks, it is official hewlettpackard also vying Aruba Networks 2. 7 million when you back out the cash. A bit below the stocks close on friday. First up futures are mixed as we begin a new month of trading. China cut Interest Rates for the second time in just over three months. Here in the u. S. February was a pretty nice win for the bulls. The nasdaq up more than 7 . Its best month in three years. Dow up 5. 6. S p, about 5. 5, each posting its best february since 98. Interestingly, last february was also the best february since 98. So the pattern to the years has been pretty