We read the tea leaves on the data thats driving down the market this morning. Cbs and time warner are on the move both after reporting earnings. Were going to dig into those quarters. Well also talk to cbss chief executive. Tim cook calling the u. S. Government dysfunctional on mad money with jim. Well hear from the apple ceo and dig in on what last nights primary results may mean. Stocks are poised to open lower a day after falling to their lowest levels in three weeks amid concerns about slowing economic growth. Speaking of the economy, data from adp shows the private sector added 156,000 jobs in april, that is below consensus and marks the smallest increase in three years. 156, we were looking for 196. And everybody wants to know, jim, what this might mean for friday. Yeah. I think that were back into a mode which says this roving bull market that weve had in cyclicals maybe give that a break. Go back into the clorox market. Remember, it is just bull, bear, bull, bear, we rotated o
And while it might look quiet in the market, with one day left in the trading year. Look at the oil stocks. Crude ending lower by more than 2. 5 . And exxon, chevron, b. P. That got hit, closing out the day at the session lows here. What are we seeing here . A rotation at the end of the year. We pointed that out last night and that is yesterday to those on the metric system. The oil was down after the api report of build. And then the doe report, again a build and people werent expecting that. And production is flat looiped at 9. 2 Million Barrels a day. So you are not seeing the reduction in production with the rate count reduction. Now people are expecting that, they are piling into exxonmobil, chevron, the big happen energy names thinking they could weather the storm the best and if oil bottoms, they would rocket off. When oil started to turn, you had to get out of them end of the year and that is what happened today. And you pair that off with the comments from the Saudi Energy Min
Lower with oil tipping below 40 for the First Time Since summer, but then at midday came news of yet another mass shooting in america. This one occurred at a center for people with disabilities in san bernardino, california. As of this evening, Authorities Say at least 14 are dead. An equal number are wounded. Police are searching for up to three suspects who apparently fled the scene and whose motives are unknown. Investors already on edge after the paris attacks sold stocks into the close. On the day, the Dow Jones Industrial average fell 158 points to 17,729. The nasdaq slipped 33 points and the s p 500 was 23 points lower. But before this afternoons events, the markets eyes, as we mentioned a moment ago, were trained largely on Federal Reserve chair janet yellen. She spoke to the Economic Club of washington and made it clear she thinks the economy is improving, but is it Strong Enough to raise Interest Rates two weeks from today for the first time in nine years . Steve liesman repo
Lower with oil tipping below 40 for the First Time Since summer, but then at midday came news of yet another mass shooting in america. This one occurred at a center for people with disabilities in san bernardino, california. As of this evening, Authorities Say at least 14 are dead. An equal number are wounded. Police are searching for up to three suspects who apparently fled the scene and whose motives are unknown. Investors already on edge after the paris attacks sold stocks into the close. On the day, the Dow Jones Industrial average fell 158 points to 17,729. The nasdaq slipped 33 points and the s p 500 was 23 points lower. But before this afternoons events, the markets eyes, as we mentioned a moment ago, were trained largely on Federal Reserve chair janet yellen. She spoke to the Economic Club of washington and made it clear she thinks the economy is improving, but is it Strong Enough to raise Interest Rates two weeks from today for the first time in nine years . Steve liesman repo
Lower with oil tipping below 40 for the First Time Since summer, but then at midday came news of yet another mass shooting in america. This one occurred at a center for people with disabilities in san bernardino, california. As of this evening, Authorities Say at least 14 are dead. An equal number are wounded. Police are searching for up to three suspects who apparently fled the scene and whose motives are unknown. Investors already on edge after the paris attacks sold stocks into the close. On the day, the Dow Jones Industrial average fell 158 points to 17,729. The nasdaq slipped 33 points and the s p 500 was 23 points lower. But before this afternoons events, the markets eyes, as we mentioned a moment ago, were trained largely on Federal Reserve chair janet yellen. She spoke to the Economic Club of washington and made it clear she thinks the economy is improving, but is it Strong Enough to raise Interest Rates two weeks from today for the first time in nine years . Steve liesman repo