G good d ing. Go crazy crazy cake byhe ocean [ cheers and applause ] can we take you home with . We love to walk out every morning with you here with us. Good morning. Good morning, america. Goodorning from hollywood. [ cheers and applause ] we have a very special show coming up this morning. Were live from the legendary el capitan theater here in l. A. And just like the oscars, we as you can see we have a live, live [ cheers and applause ] thank you for all tha energy this morning and how about all the energy last night . Shining moment for leo dicaprio locking up his first oscar and made the most of it. There he comes right there. I have to say i w so glad to see that spotlight w w the best picture. My f favorite movie. Great picture and so was the am behind spotlight. We have a picture of them celebratin all smiles. Check this out. Think thehere a little excited . Just a little there. E. It was such a fantastic night on the red carpet. Robi larara, michael and i wer all there. Was s
If congress does move on relaxing the u. S. Ban on exports of crude oil. Ill keep an eye on that story which the white house says they still prefer their administration to address. We take you live to the nymex for the latest shortly. And fitbit soaring again today on nufz a corporate account with target. We debate whether this stock is more than a fad bill. They order 335,000 fitbits theyre going to hand out to all target employees. Thats a lot. Plus mad money meets closing bell. Jim cramers going to join us today. Hell be live from the dream force conference out there in San Francisco. Hes with the ceo of Western Union coming up shortly here. But in the meantime lets get to the story of the day. Jackie deangelis joins us now from the nymex with this big rally on oil today. Jackie . Reporter good afternoon, guys. Thats right. A near 6 jump in oil prices today. We havent seen a move like this since august 31st. That was one of the days we popped 8. 8 . So these wild swings continue whe
Rbs is spinning off its american unit, citizens financial first trade this morning. And in retail, bed, bath beyond sharing purchases. That stock surging in the premarket. And say hello to walmart checking. The big boxs largest foray into banking is here. But first, want to get to david with breaking news this morning. Thanks, carl. Were delving into the soap opera that is allergan. This morning we can tell you that salex pharmaceuticals, a company i previously reported on and told you allergan is in talks to acquire, has another potential suitor now in the name of actavis. In recent days, theyve reached out to salix, indicating its interest in acquiring the company. I want to stress these are early stage discussions between the two companies. They have not gotten far down the road there in contrast to it the Allergan Salix discussions, which have been going on for weeks. According to people who know whats going on, they tell me its slowed in recent days and sort of hit something of a
Get smoked thats the lesson in todays market where the dow rallied 150 points. S p broke out of the down trend gaining. 87 . And the nasdaq jumped 1. 03 . As we saw real glimmers of hope that the market might be getting over the post alibaba hangover. We usually get this kind of snap back action when sellers have been relentless in their unloading. And one day it turns out that theyve finished selling. And the endless stock supply theyve been providing and knocking the market down with just dries up overnight. Thats what happened. Remember, i talked about the lockin factor last night. Meaning when hedge funds lock in their gains sell, sell, sell. Near the end of the year because theyre beating the market. One of the big secrets of the Money Management business is the notion of secrecy itself. Meaning the need you have as a broker to keep your clients orders secret. Typically, People Like Us when were watching the tape underneath your picture, we dont know when someone, some large insti
Were presuming that everything is too high until proven innocent. At one point today precisely at 11 43 a. M. We saw sheer, raw, panic. The kind you get when investors just capitulate because they cant take the pain. The the house of pain any longer. It seemed like a crescendo selloff, thats what i like to call them as the averages rebounded in the afternoon and the dow slipping four points and the s p advancing. 1 and if we get the wrong employment number tomorrow, too strong or too weak, i think well see another 11 43 a. M. Like panic. What can you do . You know what i say . I say nobody ever made a dime panicking, but plenty of people have made a dime taking the other side of a panicked trade, a panic occurs when those with weak hands violently dump sell, sell, sell, sell, sell all their stocks at once, the good with the bad which allows you to pick among the rubble and maybe pull some babies out of the bathwater. So tonight im taking the other side of the panic trade and giving you