Halftime report starts now. Just because were not up or down a thousand points of the dow does not mean the markets are calm in fact, the dow has been up and down tripledigits today now right now we are holding on to the strong gains, but with three hours to go, you never know what could happen risk also coming off just a bit as stocks rise volatility gauges are falling but the vix still above 20 match. Com soaring the dating site which oend owns tinder as more people sign up chipotle down and comp sales missing targets and it expects the decline to continue toward the middle of the year and wynn resorts and michael kors an and hasbro rallying and wynn, get to that story soon. Im Tyler Mathisen breaking news out of washington, Senate Leaders have announced a longterm budget deal. Kayla is on the hill with details. This is a deal in discussion since this fall. But earlier today just a few minutes ago leadership from each party in the senate took to the floor to announce they had resolve
Can you say nitro brew on the money starts right now. Announcer this is on the money, your money, your life, your future. If youre looking to buy a home and need to take out a mortgage, beware, its getting more expensive Mortgage Rates have been on the rise since the start of this year and have really been taking off in the last week, but will they continue their climb and what does it mean for home buyers and seller this is spring diana olick has some answers. Reporter the timing couldnt be worse just as the spring Housing Market kicks off this president s day weekend Mortgage Rates are moving higher faster and buyers were already facing higher prices amid strong competition. Theres simply not enough homes to go around for people looking to buy them. Reporter this half Million Dollar denver home went on the market on a thursday and already had three offers by monday with nearly 100 people touring the home in between. I thought i was at a higher price point where it would be easier for
We begin with your wallet and whats in it the cash you carry around may be less and less useful because a growing number of restaurants and other places are saying, no, thanks, to your dollar bills they want you to may another way and its this weeks cover story. If youre hungry for lunch at this restaurant, youd better bring a debit or credit card when mike an kaplan opened two forks a year ago, he was accepting cash the first two weeks. We were seeing it was slowing down people were generally paying with credit cards anyway. He made his restaurant cashless no cash allowed. I dont really carry cash, so i think its great because it makes everything go a lot faster. I think its great that its cashless. What if someone only has dollars, real money. Maybe one person goes for the cash instinct. And theyre like, oh, youre cashless you know what . I dont even like cash anymore. Cap lkaplan comadmits a few n if they have the exact amount, we wont turn them away. 40 of americans prefer paying w
Up 14 on results this morning twitter a huge gainer this morning, well talk about its 8 pop. And then theres wynn, youve been hearing about that, a huge decline. Around noon eastern when news broke of Sexual Misconduct allegations against founder and Ceo Steve Wynn lets bring Contessa Brewer back in with some of the latest details on that. These allegations date back more than a decade and the wall street journal outlines a pattern of Sexual Misconduct by Ceo Steve Wynn the report details Sexual Assault bins manicurist who was later awards a 7. 5 million lawsuit and other forced sexual encounters with massage therapists and the like. Other sources tell cnbc that steve wynns behavior with employees was an open secret for decades in las vegas but they feared to speak out for fear of their jobs steve wynn said, the idea i assaulted any woman is preposterous then he goes on to blame his exwife, elaine wynn, for instigating the accusations. A statement from the company also blames her for t
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