And, the options action on amazon ahead of the busiest week in earnings. On the desk tonight, tim see your, karen finerman, and guy adami. Regionals dropping more than 12 . Earnings falling short of estimates. Regions drop rippling through the sector. The weakness coming as the tenyear continues to hover around 5 for the First Time Since 2007. That historic jump in yield contributes to Broader Market volatility. The vix closing up 21, up more than 12 this week. Markets closinging lower. As we get set up for the busiest week of earnings season, will rate fears continue to be the driver of the markets . Guy, what do you think . I think so. Kre, huge bounce off april lows. Think we got down to 38 and a half, trade up to 48ish. I think its going to give it all back and we go back to 34 1 2. Then does it hold, bounce, or is there something more nefarious . Good news is all companies are 3 of the weighting. Bad news is companies are all 3 of the weighting. Theyre all in the same bucket, and
With the backlog forhose of drawing applyingor benefits. The challenges faces, since i have been chairman we have held 18 hearings including today on the Disability Insurance program. On one topic or another. Now thats a lot of hearings. But the Disability Insurance program is too important for Social Security not to get it right. Americans pay taxes on their hard earned wages for the promise of future social secuty benefits. When the worker retires, and is unable to work unable to disability or dies. These benefits are animportant part of a familys financial security. And americans rightfully expect that when they apply for benefits, if they areeligible, that they will receive them ickly. But for those applying for disability benefits, that isnt the case. Today over 1Million People are waiting for a heing with Social Security admistrative law judges and on the average these folks will wt around 600 days to get that hearing. Thats nearly two years. And thats after waiting almost four m
Filled less than one week after the government darted accepting applications for the 85,000 available. Businesses use it to bring foreign engineers, programmers, and other workers to Silicon Valley and elsewhere. Theyre fighting to get the 85,000 cap raised. Google is Licensing Hotel booking software from room 77 as it looks to improve its presence in the Online Travel business. It is an expedia backed startup. Many of the employees will join google and its brands and apps will remain. Hbo says the premiere of game of thrones got 6. 6 Million Viewers in its first airing. Up 52 . I was one of them. It was so popular on hbo go that the Service Crash for some viewers and wasnt completely restored until four hours later. Meanwhile, Silicon Valley, a show about a tech startup received 2. 5 ilya and viewers. Million viewers. Cory johnson here to talk about yahoo and their ability to dominate. We have the same infrastructure whether it is google or amazon or netflix or yahoo or microsoft or a
Here. Ayo will be all that and more coming up. Lets get to the rally. Effect minutes having an on Investor Sentiment right now. Looks like Interest Rates are low for as long as you can the out there. I want to talk about facebook because we have seen this big movie and momentum stocks recently, stocks that have climbed and climbed and climbed. Facebook has pulled back recently along with other momentum stocks. It is up again today with other momentum stocks. In addition, we had a couple of analyst notes out on facebook, one from susquehanna and from suntrust analysts. Shares should be bought in advance as ad rates at facebook rise. Looking at alcoa. It came out with his numbers yesterday with earnings beating estimates. Comments about aluminum demand broadly, saying it will out face supply this year. That that could be changing on a more permanent basis would be positive for alcoa and other producers. A big decline today sort of bucking the trend. And through it if intuitive vinci robo
Billed as than one week after the government darted accepting applications for the 85,000 available. Businesses use it to bring foreign engineers, programmers, and other workers to Silicon Valley and elsewhere. Theyre fighting to get the 85,000 cap raised. Is Licensing Hotel booking software from room 77 as it looks to improve its presence in the Online Travel business. T is an expedia backed startup many of the employees will join google and its brands and apps will remain. Hbo says the premiere of game of thrones got 6. 6 Million Viewers in its first airing. Up 52 . It was so popular on hbo go that the Service Crash for some viewers and wasnt completely restored until four hours later. Meanwhile, Silicon Valley, a show about a tech startup received 2. 5 ilya and viewers. Alien viewers. Viewers. Cory johnson here to talk about yahoo and their ability to dominate. We have the same infrastructure whether it is google or amazon or netflix or yahoo or microsoft or aol all looking at origi