Over again . People are talking about whether a new tech bubble is forming. How many times will we have this discussion . The more, bill, this activity picks up, the more people will question some of the valuations. Is it a legitimate worry . Is there Something Different this time . Well explore this issue. Have you ever played candy crush . No. I havent either. We are no candy crush, no house of cards. Were living in our own little bubble at the new york stock exchange. Also, its the pharmaceutical deal that has carl icahn tweeting again. Actavis is buying forest labs. Paul bisaro will be joining us, a first on cnbc interview, to tell us what was behind that move. A reminder of where we stand in markets, the dow shedding 13 points this hour in an up and down session. The nasdaq looking pretty strong today. Its adding threequarters of 1 . Finally, the s p 500 up just a couple. So barely positive. 1,841 is the level were watching right now. Lets talk about this market as we watch it dri
The market stocks are set to open higher and the spm coming off the best week of the year and well tell you if we are in for another green week in wall street. And teslas ceo elon musk met with the head of m a at apple earlier last year and as apple sits on the massive tech pile is the tech giant thinking about buying tesla. And activist agreeing to buy forrest labs in a deal worth 25 billion but in the midst of that 25 billion deal why is everyone talking about carl icahn . Stocks are coming off their best week of the year and the indices gaining more than 2 and the dow and the s p posted gains in six oat uut of the last seve trading days. Its eightday win streak will get your attention. It shaved a lot of the correction off. 1838, not far from the alltime high of 1850. Yeah. Its back to sort of climbing the wall of worry. Remember all those concerns about emerging markets and china and things seemed to have calm a little bit in japan a 3 move in the nikkei after the bank of japans le
Connell we will talk about it in more detail, but it seems they should be allowed to check in. You cannot discriminate for other reasons. Lets check things out at the new york Stock Exchange. Nicole good morning, connell and dagen. Good morning, everybody. Today is fed day. Everybodys waiting to find out what they will or wont tell us this afternoon. A whole panel put together to wait those facts. The dow and s p are posting gains. The loss of more than onetenth . The dow looking good with a gain of one quarter of 1 , s p 50017. 82. Exxon and chevron among the leaders. Oil stocks doing well. They have been pulling back on the big picture. A lot of people waiting on the fed. Connell the state of the economy, a new gallup poll showing a gap between the national satisfaction. Dagen personal satisfaction for us get a 79 are satisfied in their personal lives, just 23 are happy with the state of our nation. Former White House Press secretary under president george w. Bush. This difference is
A tightening. We dont think theres an inflation problem or anything like that. On the one hand, asset purchases are still going to be continuing. Well still be building our Balance Sheet. The total amount of assets we acquire are probably more certainly monday than was expected in september 2012 or june 2013, so well have a very substantial Balance Sheet, which well continue to hold. And now weve clarified our guidance that we will be keeping rates low well past unemployment of 6. 5 . So, were trying here to get a high level of accommodation. It is true that the purchases are we view as supplementary to the Interest Rate policy. But again, the action today is intended to keep the level of accommodation more or less the same overall and enough to push the economy forward. Dow jones. In an earlier response you sort of laid out the argument or sort of explained why the committee didnt lower the 6. 5 unemployment threshold. Is that conversation over . Have you all put off the table changin
The highest since may 2011. The breadth in europe is very, very strong. Our road map begins with the markets. Stocks are set to start at another high since the dow is working on its best years since 96. Flights were deeply discounted at delta yesterday, including a crosscountry trip to hawaii for only 68. Delta saying it will honor fares. And shares of twitter have been an absolute tear until today. The stocks falling nearly 3 in the premarket. Has the blue bird flown too far too fast . Markets are set to open at another record high, the dow having its strongest sixday streak in three years. The transports, the s p, the russell also joining the party, logging some more record highs. Guys, we had our 50th record on the dow yesterday and the nasdaq is shooting for its 13th friday higher. So theres just if youre a lover of the candy that are market statistics, theres a bunch to play with today. There certainly is. I find interesting the article in the journal today that says this year the