Lets get to bob pisani on the floor of the New York Stock Exchange. This is what it sounds like when doves fly. Very good. That was a good song. The important thing about it is since yesterday, were up 1. 5 . The s p 500, we turn positive for the year. Lets look at what the markets are doing in the middle of the day. Brian is right. Were in a bullish situation now. Two to one advancing declining stocks. New highs are expanding 200 at the nyse. Volume is on the moderate side. Volatility, well, the vix is at new lows for the year essentially. So lets take a look at the s p 500, we are at highs for the year and, yes, thats only about up 1 . Well take that and most of those gains for the year have come just in the last 24 hours. Big caps, new highs, i mentioned some expansion of new highs and we have ge and coke and johnson and johnson, all names you know at new highs. United health. We track that on an intraday basis. Travelers also on the upside here. So most of the new highs recently ha
Youre looking at the cac, and the dax up as well. Lets take a look at crude before we get to merger monday or unmerger monday. The wti trading at 4 45. 63. Halliburton and baker hughes scrapping a deal, following opposition from european and u. S. Antitrust regulators. It would have combined the second and Third Largest Oil Services Company and it raised concern it would result in higher prices. Last month, the Justice Department filed a law suit to stop the deal. And as a result, halliburtons going to pay baker hughes a 3. 5 billion breakup fee. I guess you could argue both sides of this, andrew. We know events, its already happening, 7 increase in the price of oil back to h45. The industry will come back, and at that time you have a powerful anticompetitive. Potentially. But in the meantime, it obviously made a lot of sense for both companies to try to pool their resources in such a tough period. And i just wonder, you know, its a fine line to draw, depending on whos president and wh
Advisor barry bennett, here to react. A man that manages immigration on the front lines, arizona sheriff joe arpaio. Former president of mexico, vicente fox. Were glad youre here. Thank you for the time. A pleasure. I thank you for it. Thank you. Deirdre sure. Why did you apologize . It is a quality for leaders to apologize. The apology is requesting a same apology on his side for offending mexicans. I think today being Cinco De Mayo is Good Opportunity for him to explain and apologize because we dont want to stay with that offense all throughout the world. We dont want the ugly american back into the world that was 20th century. We dont want the hated beginning go anymore in latin america gringo. Were working peacefully with very Strong Partnership with the United States, with the United States citizens. With United States corporate world. Fortunately weve been creating the jobs in mexico. Deirdre right. Fortunately now the trend of migration has reversed. Deirdre president fox i want
Other indexes. And a new blend. Keurig Green Mountain agreeing to a buyout and those shares are absolutely soaring. Lets get straight down to the trading action this hour. Bob pisani is joining us from the flor of the new york stock exchange. How much of the stock markets drop is due to whats happening with oil and Energy Stocks . Oil and the fed are the two things motivating the market right now, but the problem is there is no trend and thats causing a lot of confusion in the last few days. Just look what the dow has been doing since thursday. Thursday the dow is down 250 points. Friday the dow is up 369 points. Today the dow is down maybe 200 points, we dont know where its going to end up but right around there. Is your head spinning . Mine is. And the Trading Community is having trouble figuring out where they want to go. Fed and oil two big things. You mentioned some big oil names. Theyre all down 2 , 3 . But were hitting a lot of new lows in some of the smaller names, particularly
The selloff is now in the seventh day. Three your notes are at an alltime high, 27 . Wont send more bailout money until they are sure it will be reformed. The next move is up to greece. We want increased to grow, to recover an ability that lacked for years and years. There have been policies that have been hard but the sluice into the greek situation wrote lies with greece. Betty you yet European Finance ministers. China passes economic stimulus plan boosting stocks. Rules took effect today after said its Economic Growth rate is at a six year low, 7 . Breaking just now, a surprising revelation in a new biography on elon musk. The book claims the tesla founder had a deal to sell his company back in 2013 to google. When tesla sales the stock rose as sales were reduced. The author will be joining us in a few moments. A ship carrying the body of two victims arrived today. Authorities say that is only a fraction of those killed in the disaster. 950 people on board when the boat capsized. Th