200mileanhour winds and its heading right toward mexico. Were tracking this very dangerous situation. We begin with the rally on wall street with another big rally. This time its thanks to a rate cut by china and also some very good earnings right here at home. For the technicians out there, the dow, the s p, and the nasdaq have crossed above their 200 day moving averages with the s p now going positive for 2015 joining the nasdaq in that camp. The dow is still negative yeartodate. Were on watch for that as its up by 106 points right now. The s p is gaining by 0. 8 and the nasdaq is the clear winner, tech is leading the way up by nearly 2 for that index. Lets get more trading action this hour. Mary thompson from the nyse floor, but first Morgan Brennan, you have the big star at the nasdaq. I know. Its really the nasdaq has been soaring today, up almost 2 , 1. 9 , 94, almost 95 points to 5,014. This is First Time Since august 19th weve seen the nasdaq trading above 5,000. Thats when we
Just before the fourth of july. Our road map begins with jpmorgan this morning. The banks set to pay pay recordbreaking 13 billion Justice Department fine to settle lawsuits at the height of the financial crisis. The markets pointing to a mixed open after the s p closes to an alltime record high as they wave some better than expected earnings against some budget uncertainty. The stock falling in the premarket as global sales fall in sim september. Starbucks in hot water after being accused of charging china markets higher than others. Jpmorgan close to reaching a tentative settlement. Kate kelly caught up with jamie dimon as he arrived at work this morning. Good morning. Reporter this 13 billion settlement na jp organ more beg hammering out with justice. What happens in light of the settlement . I asked mr. Dimon about this just momenting as as he came into work. Here is what he said. Were going to try to resolve everything we can and then were going to move on and serve our clients. I
Drag draghis press conference begins. Stocks set to open in the green this morning after jobless claims fell by 15,000 ahead of tomorrows big job number. Plus, macys says it will layoff 2,500 workers and close 5 stores in a move that could save the company up to 100 million a year. Shares are up this morning on that news. While macys in the green, its been a rough morning for some of the other retail names, Family Dollar, Bed Bath Beyond expected to open well to the downside after Third Quarter earnings miss. While tmobile is still only the fourth largest carrier in the u. S. , its ceo making a splash at this years consumer electronic show and well tell you what he had to say about tmobiles Fourth Quarter and an incident at a party for at t. A lot for wall street to digest with new labor on the data front setting the stage for tomorrows big job numbers. Jobless claims by 15,000 to a seasonally adjusted 330,000. And the bank of england and the European Central Bank Standing pat on key I
Weve seen a selloff. We were down 76 points at the low, but weve come off those lows and were at 17,010 right now. And were keeping a close eye on the tenyear for that reason, too, watching a 2. 6 level as it also expresses, perhaps as art cashin was saying, a reassessment of the strength of the payroll report. Yes. Maybe its european concerns, maybe its the typhoon in japan. All of that well get to in just a moment. Meantime, the watch for the apple watch continues. The shares of apple higher again today in the range of 1. 7 . They are inching towards 100 a share. Thats near their nominal high, both before and after the split. The company poaching a Top Executive from luxury watch maker. Just how much is on the line for apple whenever it does unveil this watch . Well take a closer look. I guess they really are going to bring out an iwatch, arent they . Theyre talking about the fall. At this point. Look, if they can get it down to not having to be bulky and be with the phone right ther
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