68 wall street. Today its a luxury residential building but thats beside the point. Were seeing the results of the ice, the owner of the New York Stock Exchange moving and consolidating some operations not just the equities but also some futures business some of the options, and just some general support here as they continue to run vat the space. Thats right. I miss the garage i will say, but time marches and the options traders have a beautiful new trading floor. So things look a little different at the New York Stock Exchange, but its the same for the stock market overall. We still have volatility in this market kelly, and a lot of it. Were waiting not only we know about the state of the union tonight, but the ecb meeting, European Central bank meets on thursday. That could have a profound effect on this market right . Thats going to be a big one. A lot of anticipation arguments over whether you should buy europe or not. Even Johnson Johnson this morning on that disappointing earnin
Important stocks trade between now and the end of the year. Yes, unfortunately the stakes are that high. Let me say after today, the dow jumped, nasdaq. 23 . We know for certain, no more doubting this earnings season is turning out to be an incredibly bright one. This morning on squawk on the street, carl, david and i were going over this remarkable advance to alltime highs and carl ticked down all the bricks in the wall of worry. That this market has had to climb the debt ceiling, standoff, so many others. But it keeps going higher. And the reason why, the earnings. The earnings per share. We got glowing numbers from chipotle, google, schlumberger, general electric, food, tech, oil service. Thats on top of the amazing financial numbers from capital one, American Express with the exception of ibmi this has been, im going to pronounce it, the best earnings season i can recall in years. It is my hope we get a downdraft. Only because i dont like to chase it after this weeks performance, w
Important stocks trade between now and literally the end of the year. Yes. Unfortunately, the stakes are that high. Before i get to next week, though, let me just say that after today, where the dow gained 28 points, s p climbed. 58 , we now know for certain this earnings season is turning out to be an incredibly bright one. This morning on squawk on the street, carl david and i were going over this remarkable advance to alltime highs and carl ticked down all the bricks in the wall of worry. That this market has had to climb, the sequester, the spiking Interest Rates, the government shutdown, the debt ceiling standoff, so many others. But it just keeps going higher. And the reason why, the earnings. The earnings per share. Consider the fabulous Earnings Reports from the last 24 hours alone. We got blowing numbers from chipotle, google, schlumberger, general electric, food, tech, oil, service, the industrial. Plus on top of the amazing financial numbers we got this week from capital one
Now and literally the end of the year. Yes. Unfortunately, the stakes are that high. Before i get to next week, though, let me just say that after today, where the dow gained 28 points, s p gained 28 points, s p climbed. 58 , we now know for certain this earnings season is turning out to be an incredibly bright one. This morning on squawk on the street, carl david and i were going over this remarkable advance to alltime highs and carl ticked down all the bricks in the wall of worry. That this market has had to climb, the sequester, the spiking Interest Rates, the government shutdown, the debt ceiling standoff, so many others. But it just keeps going higher. And the reason why, the earnings. The earnings per share. Consider the fabulous Earnings Reports from the last 24 hours alone. We got blowing numbers from chipotle, google, schlumberger, general electric, food, tech, oil, service, the industrial. Plus on top of the amazing financial numbers we got this week from capital one, America
108. The current continues index, 111. 3 in october. Again, versus the reuters consensus of 111. 6. Ifo expected index, 103. 6, a little below the expected forecast of 104. 5. There are no revisions to the september indices. The ifo index is probably the years most important sentiment index, slightly lower than what we might have thought. Not by much, but by a little bit. Joining us in the studio for the first part of the show today, moo moodys analytics. Frank, thanks very much for joining us. Thats the ifo sentiment index. Slightly lower than we might have thought. Yesterday we saw from the pmis, as well, slightly weaker than we might have thought. Is the economy, are things just softening slightly . I dont think so. The German Economy is doing very well. The pmi did slow down a little bit. They came weaker, but they still point to expansion this year. The Unemployment Rate in germany is 6. 9 based on the National Statistics and it grew strongly in the Second Quarter. It is likely to