Nasdaq fell 2. 1 . What would it take to switch from capital preservation mode to Capital Appreciation mode . Something that needs to happen before a sustained advance can begin. Its not just price. Its not just returning to the august 24 lows. All weekend i worked on this. I put together an extensive checklist of the things that need to happen before we can be more concerned about making money than we are with not losing money. Lets go right to it. First off, the Federal Reserve must change the debilitating narrative its adopted after that first rate hike in december. I understand their job is not to keep the stock market higher. Theyre goal is not to prop it up. Its to balance growth versus inflation in many categories. Ben burnankes fed spoke with one voice. The fed under janet yellen has left the course since that first rate increase to go to a lock and that change has been accompanied by a cacophony of fed voices rooting for still higher rates or poohpoohing them. You figure it ou
Thats where we stand now. It is red across the board. Turn your attention to the far right of the screen. That remains the story. Crude oil down 5 , joe, giving back gains we got last week. Are you sticking to your call that last wednesday, around this very time, was the bottom in stocks and crude . Shortterm bottom, yes. And i am sticking to that. About 1 30 in the morning, a call comes out with news regarding not pulling back on cap ex that sends crude lower. A pullback in oil. I think there is a tradeable rebut coming. I think youre going to have where youve had absolutely no tail winds, the Federal Reserve is going to give some tail winds this week. I think the buybacks returning in early february gives you some tail winds. Were going to get some Companies Reporting here in the next week or so that i like. Kenny, on the floor. Are you a believer . Like joe . Or no . Listen, i am a believer that i dont think its going to completely collapse, but i absolutely think we are going to te
32. 52. Well talk about that in a little bit. A couple things on todays watch list. We have a busy day for Economic Data and earnings. Weekly jobless claims come out at 8 30 eastern time. Expected to pull back after last weeks spike above 290,000. December durable goods also coming up at 8 30 eastern. At 10 00 a. M. , were going to get december pending home sales. Today is the heaviest day for earnings for the s p 500 companies. Were going to be hearing from ah l alibaba, caterpillar, under armour, and ford all before the bell. Then amazon and microsoft to close out the day after the bell. Tonight, the final gop debate before the iowa caucus. Donald trump has announced he will not participate. Im not a fan of megyn kelly. I think shes a thirdrate reporter. I think shes frankly not good as what he does. I think they could do a lot better than megyn kelly. Im going to be making a decision with fox, but i probably wont be doing the deba debate. Senator ted cruz taking trump to task for sk
The biggest surge ever is if the sign of a bubble, a frothy market . Containing the measles in america from california to the midwest. Measles are back. What you need to know to protect your family. All that and more this hour of power. First, to sue, at cnbchq. Stocks under pressure today, all about earnings. The impact of the strong dollar the continued drop in oil, and so lets get you up to date on numbers with the Dow Jones Industrial average now in the green by about 43 points. Nasdaq composite down 12 and s p 500 is fractionally lower less than a tenth percent. Mcdonalds is higher after replacing its ceo, and boeing continues higher after the strong earnings. In the commodities sector, oil is the big story this hour. Crude hitting a six year low, dipping below the 44 per barrel mark, and brent held up better than west texas intermediates high. Thats what they watch this hour. Thank you, sue. Crude in the 40 a barrel and now they are feeling the pinch and pain and smart money smel
But, kelly, you do have a very special lineup of guests coming up from vegas there, dont you . Oh, yes, we do. We are live here at the home depot Managers Meeting in the mandalay bay, where, yes, there is some betting on march madness also going on. But in the next hour here home depots new ceo will be with me exclusively for his first interview since taking the top job. Plus, a whole lot more. In fact, we have several ceo interviews. Well talk about the strong dollar. Were going to talk about Different Things in the consumer and in the gambling space right now. And we might find out what the value of my college ring is with Rick Harrison. I know you were wondering what to take. Youve got your college ring. Youre going to find out what Rick Harrison of pawn stars thinks of that. Wayne newton is also on todays program. Youre going with the full star board here. Ill just say Rick Harrison broke my heart and leave it at that, until we find out what happened this morning. By the way, we sh