Time in two years. Our road map goes like this. The down draft, can it be reversed after the dow suffered the worst day yesterday . A critical u. S. Open and pivotal european close. Costco unveils the allwheel drive and auto pilot. See the new features and reaction. Family dollar missing estimates. And microsoft ceo nadella apologizes on gender and pay. Reactions later on squawk alley. The final day of the week that has seen the dow move more than 200 points. Big duce decline, wednesdays rally, selloff thursday of 335 points. Stocks down 2 in yesterdays session. Oil keeps falling down to 83. 67. Jim, last night you said this is not a dip, its a wholesale ongoing readjustment too difficult to buy into. You want to buy clorox and pepsico. You want to put your money in cvs, make a stand on bristolmeyers. I understand that. If you are in the industrial cohort you are in there with hedge funds. The hedge funds are imploding here. Thats what you are seeing. They are in the wrong stocks. I ha
Offs. Kentucky tennessee, virginia maryland crippled by a winter storm. Federal offices in washington d. C. Will be closed today as they brace for snow. Airports in North Carolina and tennessee look to be the hardest hit and well have a live report from the Weather Channel in about 20 minutes, scott. Heres the big stories were watching today. Two economic reports of note. 8 30 a. M. Eastern time the new york fed releases its february survey of manufacturers and then at 10 00, a read on housing from the National Association of home builders. Theyll attend negotiations in the west coast. Drawn out talks between Dock Workers Union and their employers have come to a assault and as a result sports are clogged with cargo. Facing the deadline among the filings we have already seen city group, aig and Delta Airlines while exiting positions in bed bath and beyond. Among green lights new positions, time warner and east side technologies. They took a stake in American Realty Capital Properties in
S p futures off by five. A coalition of middle eastern forces pounding targets for a second day. Oil prices surging after a first roun of military action but right now crude oil prices are falling back down. Down over 2 for wti. Goldman sachs saying the strikes would have little impact on oil supplies because yemen is a small producer of crude but theyre worried about instability in the region. Crude oil prices are backing down. You can see wti is down by just over a dollar. 50. 28. Theres also a straight there with Something Like 4 million its the fourth largest position where oil is being moved through that. Just in trying to understand who is allied and who is not allied its almost impossible at this point and the talks, whether were doing it just to try to diffuse the Nuclear Situation and were not interested in being an ally of iran for some reason were definitely it looks like at least the people over there i heard on the other news networks, it looks to some people theyre not su
Because politicians do what is politically expedient. I want to do what is right. Emily also announcing today former hewlettpackard ceo carly fiorina. Carly fiorina i think im the best person for the job because i understand how the economy works the world, who is in it, and how the economy has works works. Corrupt bureaucracy. Emily Afghan Security forces are suffering record casualties in the first clashes in the taliban. Nato says the number killed and wounded so far this year is about 70 higher than last year. The performer raises questions about the ability told off tell ban and the u. S. Plans to further scale back its role there. Bill gross says it is the beginning of the end for the market. It protects a super cycle for the stocks and bonds that will soon run out of steam. The forecast favorable for monitor policies. Investors are not loving mcdonalds turnaround plan, which includes the leadership shuffle, cost cuts, and return to shareholders. Promising to remove bureaucracy a
Lower open the nasdaq looking as if it was opening. All getting upgrades merger monday, among them 5. 2 billion farm deal and talk about drama hbo go crashes during game of throwns and thea who may be pursuing regional programming. The biggest loser was the nasdaq. 2. 6 drop. Led by all of those names before the bell on friday, cr are amer warned you the selling was not over. That is a dichotomy that people at home need to worry about. The insiders need to have a price that they wont go. I was, i mean, you are pretty good. But that was really good. You saved people a lot of pain on friday. That was a nice lift. The list was false because there is a lot of funds that are on the wrong side of the trade. I think we should never invest in irony. It was something to have a caesar chicken wrap on my shoulder and a pizza on my other shoulder. What happened friday is the beginning of liquidation. It started earlier in the week. There are funds that are down a lot in selling. Check the headline