Facebook, is there still too much risk in the stock and differ devidend darling. Ten stocks making big gains. The Halftime Report starts right now. Welcome, good to have you with us on this thursday our vichlt committee, joe turn know, Jim Leventhal and pimco portfolio manager. Nice to have you back. Lets start with the selloff of stocks, it was the worst day for the s p. Chicago pmi number going cold water on things may be bottoming. Josh, about to come in today, apple good, facebook good, earnings pretty good wow that pm movement, 43. 3 versus an estimate of 48. 5, the worst since 15. Are we reassessing now once again . No, because we had a rate cut yesterday. Well it may pause now the s p 500 hit an alltime high yesterday its down marginally today if the stock market went a point a day, no matter what, wed number a bubble. So we backfill perfectly natural. I think there are those that hit prior levels one could be the kre, regional banks down today double sfs on the session. They ju
H mpacked week filled w earnings. The state of the Union Address and the big jobs report end of the week. But what got investors nervous today was a rise in bond yields with thete year yield hitting its highest level in nearly four ye just one day before the start of a fed meeting. Theow jones industrial average dropped 177 points to 26439, nasdaq was off 39. And the s p 500 fell 19. Bob pisani takes a look at this big week ahead. Stocks took a breather today, ilbut therel be no shortage of marketmoving events to watch this week. Were more than a quarter of the way thrgh earnings ason, and this will be the busiest week yet. On the surface, this news could not better. Earnings are growing faster than anticipated. And thats the best news you can get. So far roughly 80 of Companies Reporting are beating earnings estimates in the Fourth Quarter. Now, that is way above historicn. It normally would be closer to 60 , so were 20 above the normal numbers. But traders have been getting nervous a
Today. Call it daydream. The head of vr will join us to discuss this daydream. In a first on cnbc interview. In the meantime after losing a second lawsuit claiming Johnson Johnsons talcum powder causes ovarian canister, they are speaking out right here on cnbc. Comments in a moment. And super bowl of bio tech coming up in just a few weeks. Well start getting data from a number of companies that that could cause sol bic moves. And fed minutes released about an hour ago. Steve leisman has some of the highlights for us. Thanks a lot. The u. S. Federal reserve strongly suggesting the possibility of a june rate hike if the Economic Data improves and that is what they expect to happen. In fact in the minutes before the april meeting that came out just a few hours ago the fed said some of these conditions are already been met but many members of the fed expect the other conditions to be in place by the time the fed meets in june. That means further evidence by the economy is rebounding in the
The flames. More than two dozen people were arrested. This started after the funeral of freddy gray, a black man who died in police custody. A this sister called for calm. I dont like it at all. Betty the orioles postponed their game. Schools are closed and a citywide curfew starts at 10 00 tonight. We will be watching the situation. The death toll in the Nepal Earthquake is over 4400 people. The Prime Minister fears that number could double. Rescuers dont think they will find survivors in the rubble. People are living in tents, hearing aftershock. Authorities are rushing aid to the hardest hit areas. The finance minister says it will cost 10 billion to rebuild. Apple powered a spectacular quarterly result. They sold more phones in china than in the u. S. That is a first for the company. Iphones sales were up 40 . Look at the oneyear chart on apple area invested in a share of all this. The Quarterly Dividend is being raised by 11 . Everybody is happy with apple area analysts are surpri
Here at this hour, by the way. We also have both covered with a live report from iraq and our pros weigh in on just what the fed may do this week. Also, a very special and exclusive interview after the bell, traveler ceo jay fishman in a rare oneonone. He is widely viewed as one of the most respected and effective ceos in the corporate world. Fishman will weigh in on the state of his business, the overall economy and much, much more. You dont want to miss it. All right, we cant wait. In the markets right now, take a look at the dow. It is down about nine points. The situation in iraq is certainly weighing heavily on the minds of investors today. The fed meeting, which is looming, which begins tomorrow, is as well. The nasdaq holding on to a gain of just under four points. And the s p 500, we can call that flat on the day. Joining our Closing Bell Exchange right now is rob stein of Astor Investment management, joe tanias, kim forrest of fort pitt capital group. Wow, i got that right, fi