Obamacare which he did not mainly address. Tonight, we have the kudlow economic rebuttal to the state of the union. And speaking of income inequality, millionaires are good. They invest to create businesses and jobs. Inequality can be a good thing and it can be a sign of a truly free economy. And there is yet more to the inequality story. Did womens will i be cause rising income equality . And as bird of a feather flock together, they marry successful me men. Isnt that a good thing . The kudlow report begins right now. Good evening. Im larry kudlow. Is this the kudlow report. Were here here at 7 00 eastern and 4 00 p. M. Pacific. It was another bad day. Another big selloff. Bob pisani with the details. Good evening, bob. Hi, larry. Stocks ended near their lows for the day as the fed continued to reduce its bond purchasing program. Markets were up overnight as the Turkish Central Bank dramatically raised Interest Rates to combat capital flight from that country. But much of that rally d
Nasdaq dropping 1. 7 , but it was a better day for the social, mobile and cloud stocks, namely facebook and google and because the gains came so fast and furious today, we should waste no time and get right into them. Lets take facebook after last nights report. Simple fact of facebook is that its the Fastest Growing big capitalization stock of america because it is surfing the Fastest Growing theme of america. Social, mobile the cloud. This is a company that owns the young person demographic all over the world with a product that works best when youre on the go. Facebook is the modern way. Other than google, for advertisers to connect with potential buyers. It puts an end to that old song, 50 of advertising works, i just wish i knew which. At facebook, it is 100 of the advertising that works, which is why this Company Might be the greatest advertising vehicle of all time. It can be used for branding, direct marketing, local and national through a preselected audience that wants the pr
Slightly positive territory for some of the averages right now. The dow though is down ten points. About five off the s p 500. 1750 is the level. The nasdaq sitting just above the 4,000 mark off 20. Speaking of moment of truth, twitter with its first Quarterly Results since going public due to hit within the hour. Investors will get their first real look at the numbers. Well see if they justify a stock price thats now up more than 150 since that initial Public Offering here that we remember so well. We will get you those full results right after the bell. And were not finished with earnings either. Disney also reports. A big bellwether for the economy and bob iger will be joining us here on the closing bell as soon as the numbers are released. Twitter and disney, two very Important Companies reporting in this jittery market right now. And lets remind people where we sit. After a series of losses to start out the year and after the worst start to a february in some time, we look a littl
Line for q2 and the second half of last year was the strongest since 2003 and europe is trading much better than the nikkei would have suggested. Our roadmap begins with the market. Stocks are set to open in the green this morning after the major indices fell more than 1 in trading yesterday. The good gdp number helping sentiment after the economy grew as we said by 3. 2 . Speaking of green, shares of facebook are soaring after sales and profit topped estimates thanks to a major increase in mobile ads. Profit for the year totaled 1. 5 billion compared to 53 million in 2012 and what a difference two years makes. Google is selling motorola to lenovo for just under 3 billion. Just a couple years after buying the company for about 12. 5 billion. But well begin with the markets. Futures are pointing to a higher open after yesterdays selloff on the gdp reports and claims and the economy is growing 3. 2 in the last quarter shrugging off the effects of the Government Shutdown and the debt stan
Fears and german retail sales were no good either. The roadmap begins with the market and were set to open deep in the red with dow futures down triple digits and the stocks are on track for the biggest monthly drop since february of 2009. And walmart set to open in the red after lowering guidance for the Current Quarter and amazon and google going in different directions. Amazon slipping after Fourth Quarter earnings miss while google moving to the upside after revenue topped those expectations. Well start, of course, with the markets. Signaling a steep drop at the open as stocks aim for their first down january since 2010. Investors still worried about the emerging markets after a drop in euro zone inflation shows recovery overseas is still weak. Thats not counting walmart, mattel, mastercard saying not such great things about the consumer. Mastercard had expense issues. I really love that company so i want to separate that. I think walmarts doing poorly. But i think, carl, unless th