Were not bluffing. There have been some big changes at the department of justice. Tyler is on vacation. Simon is my partner. Yeah, the monumental approach heading towards 17,000. Now 46 points away. Sarah eisen is joining us on the floor of the New York Stock Exchange with more details. Were on dows 17,000 watch. Certainly if you look at the action today of what is driving the gains in the Dow Jones Industrial average, and we are it looks like less than 40 points away here. Caterpillar is the biggest merck had been a big gainer. Its a milestone, a psychological number, and it represents the steady climb that we have seen both in the dow and the s p 500. Were heading for six straight sessions of gains. There is the Dow Jones Industrial average over one year. Last time we saw the big number, that was 16,000, was november 2013. So talk about seven months. Interestingly enough, simon, seven months before that is when we saw the 15,000 left. The point is youre rising 1,000 points every seve
What is the oracle eyeing right now . He spoke with becky quick. Well find out this hour. Stocks, of course, tanking today but over the past 20 years, equities have had some of their biggest gains right now in march and april. So if you can play past the world events is there a buying opportunity . Well find out but first lets check in with sue at the nyse. You might have to have a strong stomach to buy today because stocks around the world tanking on those fears about russias moves into ukraine. The dow posting its biggest oneday drop since early february. We are down 192 points. That is off the lows of the trading session. Europe ending deep in the red in many cases. Germanys dax down 3. 5 . In france, the cap down more than 2 . The brics taking it on the chin. Russias stock market down 12 today. The currency, the ruble, hitting a new record low against the dollar. Russias central bank dramatically boosting its key lending rate by 1 1 2 Percentage Points to 7 . They are trying to pro
Baba. Its a big hour of pourer. Sue is at the new york stock exchange. Hi, ty. It sure is an hour of power. Were focusing specifically on the transports right now. The transports right now up 104 points on the trading section. Jetblue, and Kansas City Southern some of the big pusher. As for the dow, up 52 points, the nasdaq is up about just under 1 . Is the s p 500 has seema is at the knead dab. Were going to star with bob pisani, you know the transports is one of my favorite indicator. If youre a dow theory follower, that bodes well for the Dow Jones Industrial average. And its a good let me break it down more. Airlines, for example, lower capacity, higher bookings and lower olympic prices. They are very healthy boosts. Railroads, we are seeing an increase in business for them. More autos. Moving autos around the country, coal business is still pretty good. There you see the rail stocks moving well. Finally i want to know the truckers here, they are benefiting also from favorable pric
Thats right. Following the averages, the dow, nasdaq, s p posting gains. We had backandforth action and seeing whether or not its four Straight Days of losses, in which case, it would be the longest losing streak; however, its turned around. Solid gains at the moment for the dow at 52 points. Jcpenney up 7 , as you noted, lori, at the top of the show, its jumping. Theres been reports, and theres an analyst covering this as well, but theres speculation as to whether or not they are true, but theres certainly a lot of people on wall street talking about jcpenney. Here it goes. The former jcpenney ceo will be stepping in the role of chairman. Mike, the ceo, stepping out. He was put in place in april to replace ron johnson, and notice how i keep saying replace, that is because jcpenney has been such a tough turn around, and the Options Market is going wild because the the Quarterly Report is due out on august 20th, and so people are vetting to the wild swings. Now, bill akman of persing is
middle east with senator john mccain. le also our special series on the future of finance continues this morning. today s headliner is former who are began stanley chairman and ceo phil parcel. and r. a phil is cautioning that the comments aren t black and white. he ll explain what he thinks about the controversial topic of breaking up the big banks. of course the fed may be the biggest news of the day. many expecting the central bank to launch that third round of quantitative he quantitative easing. the decision announced at 12:30. and then better bernanke will hold a news conference at 2:15 and we ll have complete coverage. another central bank already making an announcement, south korea holding interest rates steady. the market had been expecting a cut. u.s. treasury says economic sanctions against iran have slashed crude revenue. washington vowing to keep up the pressure to present the iranian government getting nuclear weapons. in corporate news this morning, we have