The table so that when we meet we can talk about our business. Shares in syngenta jump on the news that the ceo will step down months after turning down rival monsantos take over bid. Paul ryan throwing his hat in the ring for the race as the House Speaker saying he could run if certain conditions are met. Welcome back. Hi nancy. Hi louisa. Fancy meeting you here. Weve never done this before. We established in the first hour that its ferrari wednesday. Ferrari red day. Its red markets day. It is. Its post office listing, post office ipoing in italy at a which is red. What else is red. But really a consequence actually. Lets take a look at the futures and see if theyre carrying on the pattern but theyre not. Breaking the red theme here. All major markets up slightly in positive territory and this comes after the major markets dipped into negative territory breaking a three day winning streak here but not a lot of conviction holding below that. 5 mark and digesting earnings disappointmen
Not to pursue the spinoff of the shares, roughly 15 of alibaba that it owns into a separate company. That of course is is spinoff thats been planned for the last nine months. Announced early last year. And expected to have taken place early next year. Not going to happen. In fact, now sources familiar with the situation tell me the board has directed the company to examine a spinoff of its core business likely to also include its stake in yahoo japan. A socalled almost reverse spin which would have the effect of leaving the alibaba stake in place. And make sure that all of it would be well, that would be tax free. There would be tax on the spin of yahoo as core business. But it would not be near the potential tax bill that the company faced if its spinoff of the alibaba stake was not deemed to be tax free. And that was the key consideration here for a board here that had firmly adhered to moving ahead with that spin. In recent weeks the number of shareholders had come forward and commu
Going from here. Opportunity in the rubble. We have an Energy Analyst who says there are stocks to buy in that sector if you have the stomach for it. He will tell you what they are coming up in a little while. Plus Venture Capital allstar jim breyer, he will join us live to give us his take on the current tech environment. But we begin with todays commodities swings, Jackie Deangelis is covering the action at the nymex, bob pisani is on the floor here at the New York Stock Exchange. First we tee it up with jackie. Jackie d. Good afternoon. Tea it up, you sure did. Oil prices bouncing between positive and negative territory today. We did close in the red, 37. 51 is where wti ended. I think that tells you where the sentiment was at the end of the day. Amid some confusion about if weve bottomed here or not. A 6 sell off brings people back into the market even if its just for that short term trade. What traders on the floor tell me is this, we dont just go down in a straight line, were goi
Stronger dollar and oversupply concerns. Oil at 41 and 69 cents a barrel. These are new polls fresh out yesterday morning. Front runner donald trump widening his lead but senators marco rubio and senators ted cruz moving up fast. Both at 14 . Ben carson at 18 . Trump making comments over the weekend. Hes now saying hes open to run as an independent. Listen to this. Well, im going to have to see what happens. Ly see what happens. I have to be treated fairly. You know when i said this, i have to be treated fairly. If im treated fairly, im fine. All i want to do is a levelplaying field. Maria chicago resident digging out from 11inches of snow. West coast is braising for snow. Two seconds left in the game. Cardinals kicker nailing a 32yard field goal, 3431 win over cincinnati bengals. Big victory there. Musics biggest names hitting the stage at last nights music awards. All those stories coming up this morning. The breaking news of the moment, brussels and paris remaining on high alert thi
A share. 113 here. Can it keep marching higher . Well take a closer look coming up. Nba commissioner adam silver shocking and i do mean shocking the sports world in support of gambling. Joe torre joins us with his thoughts later on in the program. Looking forward to that, tyler. I think some of the guys might be able to stick around for it. Thats next hour w. An hour to go, heres the dow off 34 points. S p giving up about 2. Nasdaq slightly positive. Apples performance, of course, is helping today. And joining us, sal caltrinni, christine short and rick santelli. Welcome one and all. Sal, lets begin with you. Sure. You sound like a lone voice out there insofar as you think energy could be a good play right now at this these prices. Why and energy is a big broad sector. Why specifically . I speak to pms and the smart ones, many underperforming and looking for some way without taking too much risk into the end of the year for a catchup trade and basically if you look at this year whether