Amazon has three ceos now sort of. Two Division Leaders officially getting the ceo title. They give you the promotions but never the raise. Could that create leadership issues for jeff besos. I understand they both got prime memberships as part of the perkz. Twitter is getting new Board Members today, moving on. There we are. But the stock is still sliding and well look at what other changes may need to be made to that social network. Sfl nhl commissioner will join us live along with the stanley cup, its here, to celebrate the start of the playoff season. The stanley cup, this will be the fourth or fifth time ive ever seen it. Arent you lucky . We get to see it on cnbc, we like it. Jackie is tracking all of the action for us at the nimex on this masters friday. Good afternoon to you. Dom chu says i have a masters tshirt waiting for me. At the close, about a 7 surge in prices, its sort of a tale of two surges, technicals and fundamentals. We had such a whacky kind of week. Some people c
Threat the session. That said, we are bouncing off the lows to some degree. Part of the reason why might be the turnaround we saw in apple shares. Going into todays session, we had an eightsession losing streak aired but the shares are down seeing back today. We are seeing an increase in those shares of more than 1. 50. This being the most heavily weighted stock in the s p 500, it is having at least a little bit of an effect of creating a floor. Shares over the course of the day in wide. The dow and the s p are in yellow and green. They pretty much matched movement for movement throughout the day, although apple clearly is up in the indices are still down. David keeping the market afloat. Energy leading the declines. Julie yes, energy is the group that is doing the worst in the s p 500. That is because true to seeing a tumble of 44 of below 44 a barrel. We will be watching the production numbers closely because we have been seeing sliding production of oil. Index, just a few moments ag
More volatility today. The s p did fall nearly 4 last week. Stocks are heading for the worst since december. I want you to look at the imf function area this is a look at the performance at the s p 10 sectors. We are seeing an acceleration of declines. Seven of we are seeing the 10 sectors in the negative surprising that energy is down 7 10 of 1 because of what is happening in the oil price. The biggest story of the day here. What are we seeing in the oil markets . Basically we did see oil fall below five dollars per barrel. Talkingpped positively, about volatility for a hot second, now it is trading down again. Row, butecond day in a off of its lows. The crude is at its lowest level since february 2009. Natural gas. Down 6 right now. We saw its lowest price since 2002. This is because those weather forecasts keep talking about warmer weather because of el nino happening in the pacific ocean. Is up sixr yield basis points. Equities push into positive territory. Sinces the biggest rise
It will be down to the wire whether the s p will post again or a loss for the year. Gain in the but we will see that holds by the end of the week. The move, energy down nearly 1 . Materials also down. 4 . A broadbased selloff. Not seeing steep declines, but seeing the many lot of different groups. Crude a natural gas it not gas had been on an upswing with forecasts for colder weather. It has been giving up recent gains. Crude oil prices down. It an unexpected build and inventories last week. Of theseeing a number various Energy Stocks down from Largecap Companies to the more volatile Companies Like Southwestern Energy and chesapeake. It is affecting Companies Like chevron as well. Even broadbased within the Energy Complex. Scarlet one of the heaviest weighted stocks in the s p 500 and the dow, apple having a rough time lately, starting around 118, now below 108. Julie it has been on this downtrend in december. The worst month since january of 2014. Also the first down year for apple si
People were discussing today even as the dow climbed. The s p jumped 4. 9 . We rallied today because people interpreted the horrendous terrorist event in paris as something that will slow the worlds growth further, costing the feds not to raise rate this is year. The hope that the feds on hold turn the market down big. The futures were off last night. Having a huge day despite the tragedy in europe. The pajama traders got it wrong. Todays action was a relief rally that perhaps the fed sees what we see. The big roll over happening in manufacturing, industrial and retail portions of the economy. Lets start with basic industry. Steel, metal. Have you seen u. S. Steel lately . Down 63 for the year. 63. With one of the biggest markets being shut out by low oil prices and with the chinese endlessly dumping steel around the world. Companies underneath him will have a hard time making it. There is an oil and gas Company Ak Steel holding down for the year. Copper prices plummeting in oil and ga