Looking for record territory of their own. Shares of best buy set for a nice gain after earnings ahead of estimates. Well tell you why its still about the tablets. Strong demand for jeep brand helping sales at fiat chrysler. What to expect from ford and gm when they report later on this morning. You saw it happen here on squawk on the street during yesterdays session. The nasdaq hit 5000 for the first time in 15 years. The index finishing above that level. Now about 40 points away from its record close. Meantime, the dow and the s p each posting alltime closing highs, along with the russell. As you might expect jim, broad media all over it. The nasdaq 5000 logo, bleeding into the mast head over at usa today. Interesting, i think they dont have i think that most people would know Kim Kardashian far better than what stocks are doing on the nasdaq. Last time the man on the street new it was time to buy cmgi. They didnt know it was time to sell cmgi. Priceline did come public this day in 1
Coming up in a few minutes. A couple of different stories were watching. The nasdaq partying like its the year 2000. Closing above 5,000 for the First Time Since then in only the third time ever. The nasdaq now. 8 away from the record close. There is a surprise from down under this morning. Australia central bank holding back on further easings. Gasoline prices jumped 37cents a gallon. Now thats the largest week to week increase since the agency began its survey in 1992 but life is relative and if you remember where things were six months ago its hard to complain. So it doubled in three and doubled again in three. So it doubled 72 divided by 3 is 24. 24. So its probably is it 24 return in six years if it quadruples . Yeah. If it sits right you can do it. So the nasdaq is up so instead of 6 or 7 for equity appreciation the nasdaq since 2009, 24 a year. So stay out of the market. If you put that money in 15 years ago youre just giving it back. They didnt have money 15 years ago. They wer
So important so you can use them to make your next move. And then there is this. Well, this is no fun. Thats i95 near washington. No major injuries fortunately, but when traffic is backed up for miles, is that gasoline tanker blocking all southbound lanes. And on that road a million times and that is a day worth of trouble. Lets get straight to this selloff on the street. The dow and the s p wiping out their gains for 2015. Oil moving lower. Bob on the New York Stock Exchange. Sarah eisen and what its doing, and Bertha Coombs up at nasdaq. The rapid update of tracking forecast that give us the immediate look at gdp and how the data changes it. Bottom line were back to growth in the low twos, tyler. I just want to also ask you a followup question because mr. Fisher a known hawk i believe spoke last night. He is no long air Voting Member but nonetheless, what he says does still have influence on the market. Tell us exactly what he said. So i think the story is that Richard Fisher said tw
Who would have thought an immigrant like myself . I did it. Im living proof. This is mad money. Hey, im cramer welcome to mad money. Even though i say every night that other people want to make friends, many are here with me today. My job, not just to entertain you, but to educate you. Call me at 1800743cnbc or tweet me nicely at jim cramer. Ten years of mad money. Ten years of cramerica. Ten years of are you ready, skeedaddy . Ten years of booyah. Where did the time go . Wasnt it just the other day that i came barreling out here sleeves rolled up hey im cramer. Calling our interactive class into session. Tonights a huge night for us. Two of my favorite companies. Tenth anniversary to explain what went on today. Dow surged. S p vaulted. Nasdaq climbed. 89 . How to profit from it. We have been gripped by a sudden shocking rally in the dollar. Strong greenback, slowing the economy almost overnight. Wreaking havoc over seas particularly in a place we shouldnt care about, maybe latin ameri
Month. The biggest trend and some of the midcap banks that you might be wanting to buy. Hello, everybody. Its a big news day here on cnbc, but a big day in downtown for a group of high school students. Steve liesman is live as he prepares to crown the top mind. Now there just 16 remaining and four teams. I have four on each side of me from high schools from around the country. We are going to crown the next bernanke and yellin and the next economic professor. They will humble and astonish you when you come back and hear some of these amazingly smart kid at how much they know with economics. Back to you. We are looking forward to that and it will be a great event. Steve, sit tight. I know you have a lot of smart people there. Apple shares are up 18 and more than 260 in the past five years. Investor who made a ton of money betting on apple is carl icon. That stock is dramatically undervalued by his analysis. Josh i guess uncle karl decided it was time to cent him another letter. Thats ri