A good half percent, we are back to the flat line. Over three days if you look around e low was today 12 30 that was 1. 6 . Phrbgmarkets down enough you will find buyers. Year, you see the yield up because retail sales came in expected up. 7. If you have retail sales better and means tkpwroefrpt higher yields and a sooner taper lose interest in big go gold. There you have it. No longer all the fed money sloshing around. Selloff. That is the worst day on gold weeks. We go to the beg three. We go to the record i. P. O. 2. 35 billion. For shares and today. They are rising by 9 . We have seen consistent gains the session, not a lot of volatility and relatively facebook are higher on the news it will be as teradyne s p 500 instagram willnd let users send photos and videos friends and groups to be able to discuss them. Lemon looking for comparable sales to be little holiday quarter. Been looking for 8 on bad weaker results p. R. I think we may have had something to do with that. We will talk
Again, more fundamentals. Earnings palooza comes your way with at t, young branum brands. Amgen and gilead. Well have the information first. The analysis, the market reaction, everything you need to know coming up on the closing bell today. Also, should you be allowed to accumulate stock in a company you know will be a takeover target . Some say thats what bill ackman did. The former head of the securities and Exchange Commission harley pitt weighs in exclusively about whether or not its legal. Very thorny, controversial issue. Heres the numbers and all that we have for you right now. The dow, as you see, rallied from the getgo. European markets reopened today after the easter holiday. And they were in a buying mood as well. The european markets were higher this morning. The dow up 96 points off the high. We need to get to 576 for the previous alltime high. So as you said, were about 31 points away right now. Nasdaq up 45 points. Once again, the strongest of the major averages with a g
Here. Well talk about the big miss of big blue and spoke with david faber and investors are watching to see if we shake off that mess. Interesting, had the news of ibm come out midweek last week, big problem. Oh yeah. Dont you think . Markets for the most part, even though the dow hit pretty hard, is kind of taking it in stride at least now trying to work back into positive territory. All about earnings, fundamentals, a miss, one of the biggest price weighted names in the dow, youre right. A more nervous environment is raising the concerns. Today trying to fight back. A change of sentiment we felt over three days. Apple takes focus after the bell. Third quarter earnings with about nine days of iphone 6 sales and obviously closely watched and the reaction in the stock could be significant and well have the first analyst and best anywhere around. Jim breyer, he was in on facebook before anyone really knew what it was and well find out what hes interested in right now. Turned out pretty w
Confide essant. First we have some breaking news from Steve Liesman down in steamy washington. Steve . Thanks very much, jeff lacquer, the richmond fed president making some of the since that strong jobs report. He cease saying the jobs report is more representative of the economy than that negative gdp number, talking about an issue that weve been discussing, between strong job growth and weak Economic Growth overall. Lacquer, however, saying he does not see growth over 3 likely in the near future. Thats not his call. He sees an economy that continues at this 2, 2. 5 gdp rate weve had over the past several years. Both have slowed since the great recession, and its thats a suggestion that he doesnt see the need for huge still lug from the federal reserve. He does say its going to be hard to see a speed upin Consumer Spending on the hidesen, and households remain cautious on spending, on real estate, and it could be a while before Housing Construction returns to normal. The latest data
Cocacola. Ibm reporting weak numbers in guidance yesterday. Today coke released numbers. As you can see from stock prices they are tumbling. Coke not happy. Right now it is down about 6 . Ibm down 4 and mcdonalds off about 1 at 90. 68. We will focus a lot of our attention on these iconic american companies, the bluest of the blue chips. The problems many big caps are having and maybe leave you to big caps of the future. Sue picks up the story from there at the new york stock exchange. With the market up triple digits, mcdonalds, cocacola and ibm not participating. The big question is can the companies and the stocks that we have all known and held for decades either as individuals or major components of our mutual funds reinvent themselves so that we can reinvest in them and how they are going to do that is the big question and the theme for us this hour. Bob is here on the floor. Cocacola disappointing, mcdonalds disappointing and in some cases the guidance isnt good. This is alarming