Were at the lows of the day thats where we are. About a 600 point loss for the dow. Nasdaq a bit more than that. The russell which has been a real outperformer giving back 5 now. S p coming off its best month since 1987 we have come a long way off the lows april was an incredible month. We said best since 87. Are we primed to go higher in may . Are we poised to go lower because of how far we have come . You know my answer is i can make the case for either way but what im going to tell you is the weekly closing candle is disgusting now we had a huge comeback but even at its peak which i guess was some time yesterday or the day before, only 0 of s p 500 names had gotten back above their 200 day. So you had almost a third of the market back in some semblance of an up trend and we rolled hard look whats rolling. All of those beaten up names that rally this week, the airlines, the oils, the stuff we said okay, thankfully those shareholders got a breather trashed again today. Rollovers and h
Race and media and i interviewed to rosie virginia native, you worked in investment banking. That was my first job. Also exa magazine in mexico. You started working on Hidden Figures in 2010. And became a New York Times number one bestseller. Spawned a movie that was oscarnominated, Margot Lee Shetterly everyone. [applause] so, i heard that you gave an amazing speech last night we talked a little bit about charlottesville and race. Keep give us a taste of what you talked about there and how it compares to what you talk about in the book . Yeah. The thing that we talked a little bit about what i started out doing, which was working in investment banking. Out of school. Really, when i was growing up, that seems like progress and the future and very protagonist way, life you know it career to have a very powerful. And history for me, it was something that always felt you know i think as an africanamerican, always so heavy and connected. It is usually taught in schools as Martin Luther kin
Mark welcome to countdown, i am mark barton. Caroline Caroline Hyde. Mark the Worlds Largest luxury Goods Company lvmh has had a sales search. Sales surge. Manus equipment makers join the end and a m a action. Caroline it is a deal brewing and industry rife with dealmakaking. It is a deal that has been speculated about four years. Could be buying alcatel no kia could be buying alcatel. The deal could be announced as soon as this week. It would boost nokias presence in china and the United States. You have 1. 3 billion mobile subscribers. This is a real area of strength for alcatel. But their Wireless Network area would also bring to key players in the United States market Verizon Communications and at t. The contract that they have bring in 25 of their overall revenue. Key areas of growth. We could see them did not only for the wireless area of alcatel but also for alcatel as a whole making it the secondbiggest player. It would be the secondbiggest Network Equipment maker in the world
To 2 here as we await a big week in europe as well. We start with the markets. New optimism about the cliff. President obama in myanmar saying hes confident the fiscal situation will be dealt with hours after he hit the phones calling top ceos. Lowes shares on better than expected earnings. The results renewing hopes this morning about the housing recovery. International pressure mounts for israel and gaza to agree to a ceasefire after a weekend of air strikes leave a dozen dead and hundreds injured. Brent continues to climb with gold going higher. The president and congress will strike a deal to restore the fiscal cliff. Over the weekend in asia, the president said hes confident we can get the fiscal situation confident and reached out to ceos including tim cook, Warren Buffett and jamie dimon. After top house and Senate Leaders say fridays meeting was constructive. We see headlines that may bring news to other companies. Intel ceo Paul Otellini to retire. During this period where a l
Kart business as well as a barnes noble. Breaking news is covered on twitter. Good afternoon, everybody. Im larry beil. And im cheryl jennings. Sir Francis Frank boulevard remains closed nine hours after a tanker overturned. The accident sent all of the tankers rear tank spewing across the road. Abc 7s Wayne Freedman has been there all afternoon long. Reporter larry, that keeps changing. A few hours ago they were saying between 8 00 and 10 00. Now the chp is so frustrated with the situation theyve come up with a worstcase scenario. They say it could be as late or as early as tomorrow. This is the stretch between the connector road and the bridge. Theyre banging on the tanks now. They still have fuel. Weve had evacuations of 40 people from ten homes inside san quentin village right next to us. Weve had fuel spilled although the fuel has not gone into the bay. Lets give you a look. It began at 7 00 a. M. Westbound tanker rounding the curve, went off the road, jackknifed, toppled over, bl