And take a jaundiced idea to things that were going so right just yesterday . Thats what happened today a day with the dow dropped 75 points and the nasdaq lost. 56 . I have to admit i found it more than a little daunting. We take the rosecolored glasses off and we see some chinks in this market. Retail and restaurants, we know retail has been leading this market because a combination of healthy job growth and the change back from those 220s when you fill up at the pump. What if people stop shopping even though they didnt want to . This is all hypothetical but do not laugh. I was staring out the window last night at a small mexican restaurant. Mesmerized i was at that front top table. Mez mer mesmerized at the fact that nobody was walking by. No one was out. No one was strolling. No one. It was like some sort of scifi movie where all human life had been obliterated. Not even walking dead. By 10 00, if a walker staggered in i would have bought the guy a corona. I should have said i cant
Is this the sign of a slowdown in auto sales or maybe just related to the weather . Okay. Well, it was really nice while it lasted. Stocks selling off this hour. The nasdaq the biggest loser, as ty just said after hitting 5,000 yesterday. The dow is currently down by 101 points, which is off its lows of the day. Still down by triple digits. Actually now its down by double. It is seeming to come off those lows as were literally speaking. The nasdaq is down by 36 points and the s p 500 is down by 12. As for oil prices lets take a look at how theyre doing. Over that board. You have wti crude. Its spiking right now by 1. 6 . 50. 38 a barrel. Israeli Prime Minister Benjamin Netanyahu speech on capitol hill certainly is one thing that weve been watching in the crude context as you can see brent is also up much more in percentage terms by 2. 5 . Bertha coombs is at the nasdaq. Mary thompson at the nyse. Dominik at the nasdaq 100 laggards. Youre next. Peggy lee sang the song is that all there
For the time being. Our road map with the markets under continuing pressure after logging their worst day in more than a month yesterday. Jc penney reporting a smaller than expected First Quarter loss and nordstrom reporting a better than expected firstquarter profit. The seafood lover darden selling red lobster to Golden Gate Capital for 2. 1 billion in cash. A whale tale, the money swimming into verizon. Well explain that later on. All right. Futures as you said, you saw relatively stable after the stock markets worst day in about five weeks. The dow posted the 167point drop. S p fell almost 1 and the nasdaq is now in the midst of a threesession losing streak. During our program yesterday you saw the tenyear note fall below 2. 5 for the First Time Since last october and the russell intraday hit that official correction territory, managed to claw its way out by the end of the day. A lot felt that bounce was significant. You know what, i think that dave tepper really this was a dave te
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