Expects a renewed down turn. And with the big swings in the market, weve seen the vix, the volatility fear gauge above 53 59 minutes left in another volatile week. We have great guests david giroux from t. Rowe price. And shares of wind ham hotels Geoff Ballotti will join us. Lets get to the market now and another up and down session for stocks after yesterdays massive drop mike, you may be coanchoring to day. Youre not off the hook. We need your charts and your dash boards. Walk us through the action what happened . I wouldnt have it any other way, of course heres a one year, the s p 500, that selloff yesterday was a little bit destabilizing, it seems for the tape it didnt punk tour the air that this rally is inpenetratable it did hold today. Back down around the 3,000 mark. Theyre fighting it around that level. I did highlight this zone in here a lot of this area is still in normal pullback zone the rhythms of the market seem like theyre a little upset by yesterdays pullback you ment
The internet is our guest today, marvin olasky, were proud to welcome him back to its heritage where hes a visiting fellow in somebody whos a close friend of our organization. The author of 25 books including his latest, reforming journalism which he will talk about today. Marvin, his political journey is quite unique. As he became an atheistand a marxist in high school and went on to join the communist party in the 1970s. It was at the university of michigan when he had his phd when hehad a spiritual awakening and was baptized into the Presbyterian Church in 76. He later became the founder of the redeemer Presbyterian Church in austin texas in 1992. After college he taught journalism for 25 years at the university of texas at austin and became a regular yale daily news at the boston globe. Is for both garnered him significant attention the eye of the Bradley Foundation which supported his visiting fellowship right here at the Heritage Foundation for 2 years. One of his most wellknown
Technology investors with these kinds of gains after stellar earnings last night . It was unbelievable. Weve got a story on that coming up in just a moment here. You guys had your hands full. It was a rollicking hour, i hear it was. Meantime, a rollicking deal through the health care space. Cvs is pursuing a major deal to buy aetna and former aetna ceo john rowe will join us in a cnbc exclusive to discuss what that bid could mean. What a fascinating story that is cant wait to talk to john about is. Also look at oil today, trading higher, brent is back to 60 a barrel and wti is at an eightmonth high however, chevron is falling. Whats behind the move and whether this is a buying opportunity or not well talk about that coming up in a little bit later. Is pretty sharp moves in oil today. Lets go back to the big rally in tech stocks, thanks to strong earnings from a trio of tech giants. Deirdre bosa is all over amazons results for us. Josh lipton covering alphabet. Jon fortt is covering mic
Particular that propelled us that got to us open right at that 20,000 mark and that was boeing on the heel of strong earnings. Boeing alone accounted for nearly 50 points. A huge chunk of what happened today. You have United Technologies, on the heel of its earnings report. It only took with four or five points off the overall picture. If you look at caterpillar and boeing, they added the most. So if an investor happen to put 10,000 at or near the market lows, what would have happened . You know, timing the market is always a tough thing. If do you look at the way you systematically invest, if you managed to buy at the lows, you got a good return on your investment and heres what were talking about. If you invested 10,000 during its lowest point in 2009, two years later your money almost doubled on over 19,000. During euro crisis, your money takes a hit. It is now worth a little over 16,200. With the dow rising, crossing 17,000, your investments are up again. Now up over 150 ask worth
Continue to linger over iphone sales and whether this companys best days are behind it whavm. Whats going to happen today. A lot of us were talking about this a week or so ago when the stock is trading 94 a share i think. Here it is 101 yesterday and trading around 100 today. What you wonder about is was a lot of this already priced in. A lot of us agreed a lot of this is probably already priced in so are we expecting them to have a blowout quarter . Absolutely not. Are they going to probably reach some of the numbers that people expect on the street . Yes. And they might exceed some of the iphone numbers if what some of the reports are true about india, some of the pricing may be over in india. That could be a bit of a trigger that does raise the numbers a little bit higher. I asked this question yesterday and you were not able to make it here. Next 15 points in this stock up or down. Up. So right at 100 now. Youd be a buyer here. Well, i own it and the only thing that i would change