Expected. I think the bulls managed to escape without too much damage. The dow climbing 80 points. Nasdaq even advancing at 0. 4 . Underneath we have some real erosion going on that was not even pinned to employment. Or the fact the dollar seems to want to get stronger and oil cant seem to get much lift which is bad for buyers. In fact as earnings season winds down were seeing some real bad earnings themes emerge. Themes that are pernicious to the earnings of Many Companies and bountiful to the profits of just a handful. Why dont we use next weeks game plan so we can both hail and eulogize the results. A wholesale shift to companies far more internet oriented than bricks and mortar. Way up at amazon. How about the Battle Ground stock that is wayfair. The Online Furniture company that reports monday morning. I cant wait to see if they confirm abandonment of the Shopping Mall trend that has wrecked so many retailers as we will find as we go through the week. Also on monday, oh, boy, we h
Declining. 23 . And the nasdaq dipping. 17 this session . Frankly, theres no one answer that explains why stocks are so resilient here. This is a complex and complicated market. Instead, there were a number of important factors at work. Lets get to it. Lets go over the reasons why the market hasnt been absolutely destroyed despite the crash of the Malaysian Airlines plane over ukraine and the ratcheting up of the antirussia rhetoric by president obama and his people this weekend. Pretty much, the markets decided for now that whatever sanctions we put on russia are not going to hurt the earnings of u. S. Based companies. Now, im not so sure if the conventional wisdom here is correct yet. Its certainly right if the west, including the United States does nothing more than what weve already seen against russia. The current sanctions arent going to hurt any companys earnings because i dont believe that putin is going to shut down, nationalize, or kick out the companies of any western countr
The dow climbed 110 points. Nasdaq surged 1. 18 to a 15year high so what exact slily is working . Lets look at the stocks that were. They tell the tale of the tape. And lets start with somebody we talked to last night. Start with John Chambers and cisco. If you go back to the 1990s, youll find one tech company that understood the year. It wasnt intel or microsoft. It was cisco. Thats because the iment net was just coming to its own back then. If you were running an enterprise, you wanted to get on the internet or have an internet strategy. You made one phone call. You picked up the phone and called John Chambers ceo cisco. I remember john coming by my hedge fund back then to talk about his stock. Next thing you know, i was a cisco customer. Then i started the street. Com, there wasnt anyone else to turn to because cisco offered a one stop end to end solution to your problems. Whether you were shop with ten people or shop with 10,000 people. Including every major phone company, the real
Are doing, as well as what is going on in hedge funds, private equity, real estate, and more. The stings for nannies, babysitters, pet sitters they the largest. Com, online care site in the world. The company just went public. The founder and ceo will be joining us shortly for the new york stock exchange. A company will tell us about building a smart grid solution for homes am and what the google purchase of nest means for the sector. Managing risk from the fragile five. How to trade the worst selloff in five years time. For stop, sac capital front and center. The case against it, as far as Insider Trading goes, the developments yesterday in the trial of matthew mark, martoma. This story has been going on more than a year now. You have stopped counting, of course. That there was a bombshell that went off yesterday, concerning information the fbi gave to the star witness. It . Was why is it important for the case . Ask the dr. On crossexamination , the fbi told him they were grains of s
Qualcomms new ceo and all of the Friday Market news. And yang yang has reaction from harry reid on the battle in the United States senate. Greg good evening mark. The battle is in the senate after the house voted ,verwhelmingly on thursday almost equal numbers of republicans and democrats, to pass the bipartisan budget deal. It puts new pressure on the Senate Democrats to get it through this one last hurdle and onto president obamas. The senate is expected to take up the bill on tuesday. 5 republicans will have to join democrats for the deal to pass. After two street all night sessions, and the continuing fight over senate rules, passage does not look like a landslide. Despite strong republican support in the house, some of republicanofile senators have already lined up in opposition to the bill. They do not think that the deal negotiated by congressman paul ryan and senator patty murray does enough to bring down the deficit. Majority leader harry reid who spoke to bloombergs al hunt f