Coming up this morning. Took me a taco about it, Dagen Mcdowell, rose clip ceo managing partner mike murphy and twc managing partner Mitch Rochelle. Happy valentines day. Thank you for this. So sweet of you. Its a more important day for us. The cpi day. So excited about inflation day. Maria so worried, et cetera. All this comes back to a market improving. I dont have a problem. If the overall economy is improving, the market cannot fluctuations but a good thing overall. Dagen let me be the worrywart. Maria of course we want to get the Consumer Price index data to see how bad Inflationary Pressure is close to the third consecutive day. 200 points with another wild wind up trading despite gains at the close. The dow and s p 500 remain on pace. Worst month since august 2015. Nasa but the biggest monthly decline since january 2016. Mike murphy, what is your take . A little nervous. Nice rally from a three day rally, but its important to find that cpi. Its a basket of goods come in the pric
Look at the s p 500 over the see seven days, we will again, not much changed, only a. 1 move. Only midcap stockse performed better go. The small caps a little lower, but the midcaps are higher by 3 . We have allegheny technologies, with demandker from aerospace contractors. Crane also Beat Estimates and raised its forecast for the full year as well. Fallingtexas roadhouse after jefferies says we have reached the top in the restaurant cycle. Cadence missed estimates. Its also worth mentioning whats going on in the bond market today. Fiveyear notes, 34 billion worth, showing the weakest demand going back to 2009. This decline in yields weve been seeing is starting to have an effect. , a bit of action turnaround. Popave seen the yields go and a bit of an extension of that after 1 00 p. M. An increasing trend recently and something to Pay Attention to. Vonnie a theme for the week. Lets get a check on the first word news this afternoon. President obama will be hitting the campaign trail thi
Julie lets take a look at what is going on right now. A little bit of a poll we are not seeing anything because we had technical difficulties. Vonnie this is where we need your hat. I can get it up on my terminals. Julie we are seeing sacks down in the wake of the jobs report which on balance is being seen as mixed to negative overall in terms of its indication of what it means for Economic Growth in the u. S. And Interest Rates. If you take a look at u. S. Futures and what we saw directly in the wake of the report and following, we did see a little bit of a delayed drop in the futures and climbing back up, and now it is lagging back down. Traders and investors are sifting through the data and trying to figure out what to make of it. Commented thatn investors might come around to the view that this still leaves the door open for the fed to increase rates sooner rather than later. If you look at the 10 year and what we are seeing today, similar downward movement in the yield but now it
First, lets check in with mandy at the new york Stock Exchange. Hi there, tyler. Hello, everybody. We have a selloff here on the street. The dow is back in correction territory although we are off the very worst levels of the day. The dow is down by about 284 points. Now its down by 235. S p down by 24 and the nasdaq off by 48. I have bob pisani on the floor of the Stock Exchange to explain what is going on. I guess maybe for one day weve got a reprieve where we can stop obsessing what the fed is going to do and we can obsess what the fed said and what it means for things like earnings and revenue. For the moment i think what the fed was saying yesterday is still impacting the stock market. Lets look at the s p 500, were just off the lows for the day. 2 to 1 declining to advancing stocks. Volume is heavy because its a quadruple witching. Let me try to answer mandys question. Why are we down today . I see three clear reasons and you can assign whatever weight you want to any of these. F
Were left undelivered. It is a half day close for the markets today. Germany closed today. Other european markets are having shortened sessions. Take a look at futures right now and see how the market is setting itself up for this Christmas Eve market session. Dow jones would open higher, about 43 points higher. Nasdaq up 10 points and the s p 500 up a little over 5 points. Weekly jobless claims, were going to get that at 8 30 eastern time. Economists are looking for 290,000 first time filings for unemployment benefits. Then weve got Corporate News to tell you about. Takatas president is stepping down amid the scandal over that massive air bag recall. The companys grandson will assume that role. Everybody is wearing red. Merry christmas. Merry christmas, everybody. Among the biggest buzz stories this morning, south korea now indicting i thought we were talking about north korea. This is south korea. Ubers ceo. The Ride Sharing Services governing a law involving public transport. This i