Election day. And plus japan records its sharpest export since last years devastating earthquake. Raising fears the worlds third biggest economy could be slipping back into recession. Its the start of another week here on on worldwide exchange. Kelly is state side helping to host squawk on the street. P meanwhile plenty to come still on todays show. Here in london, protesters have been marching against austerity. One of our reporters was there. Demonstrators took out their anger on multinational companies. In new york, wall street a underwhelmed as Corporate Giants like ge, part owner of this station, had cautious revenues. Well pibd out if cat pill what are and yahoo will buck the trend or affirm it pnd and obama and romney squaring off, who is likely to deliver the knockout below. We start out with the focus squarely on earnings. Fill whips beat expectations. The firm which traditionally kicks off Third Quarter earnings season said its on track with its cost savings plan. Ceo says th
It . Good breadth, means the stocks from many sectors are all going up. And you know what, theyre going up for many different reasons. We can learn so much from the companies that are hitting alltime highs right now from the s p 500. Do you know that 5 of the s p reached that fabulous mark today . When you consider the sectors theyre coming from, yo uh can understand why this rally is, indeed, so powerful and keeps refueling. Even as the s ps in the rare position of being up more than 20 going into november and that hasnt happened all that often. This is a remarkable rally because of how many different kinds of companies are going up. Perhaps most important, lets start with the ones that caught my eye. Are the transports on the list . U. P. S. And fedex to start. Think what happens to get these stocks to the alltile highs. First, Global Commerce has to be improving. Second, their costs have to be lower than expected because of streamlining and better cost controls because those lead to
Nasdaq actually slid. 37 . I mean, what is happening here . First, weve got to remember the stock markets not a Cheerleading Squad for better employment. The market has written a whole book about get rich carefully is about expectations and predictions and placing bets on them. We had a highly unusual situation develop in this particular jobs number. I havent seen it like this in years. Many, many Money Managers, including Money Managers invested in bonds truly believe that the economy has softened and this number would be very weak. Maybe the weakest in ages. Why not get two straight months of weak employment, usually a third follows. February didnt seem like anything to write home about for me. How about you . I didnt see it. A group of managers were betting the opposite way. Betting the economy was going to shake off weatherrelated. As ive been saying for weeks now, one of these examples had to be wrong. Both sets of buyers couldnt be right. Sure enough, those who thought the econom
This guy as uncle carl. I made that up. I made that up. Melissa media. Were always to blame. Make it like brand x at cnbc. Melissa im not familiar with that company. Go ahead, lee. Here is what i think investors have to remember. Whatever carl icahn is doing the same thing he did as corporate raider before he became shareholder activist. He is going in there to push around ceos to do things for shortterm profit. That doesnt help investors long term. Also media gives perception whatever uncle carl is doing we should doing that with our retirement funds. I wish you would stop saying media. Melissa go ahead, charlie. I want credit for that. I should have trademarked that. I should have trademarked comrade bill de blasio. What is good about this, i came up with that one too. What i think is fascinating about carl icahn on this, he does do a Public Service. He tells us, now i dont know whether, you know all the sort of shenanigans Marc Andreessen doing, buy a company, selling subsidiary of
Alibaba raises 21. 8 billion dollars in its share sale. Welcome to countdown on this historic day. Lets get straight to the history, the top story in edinburgh for the scottish vote story on the independence. The votes are being tallied. Early vote tallies put the no campaign ahead. And that edwards anna edwards is there live. Shes been up since the wee hours. 1 30 a. M. The numbers started to trickle through. We started to see an early lead for the no campaign. 32 counts, six in the know campaign. The 32 counts of reporting. We have a great deal about the story now. The no campaign. Not means it looks as if the campaign has done enough here and its to remind you that this is no to independence, no to breaking up the United Kingdom. No or no thanks, he says he has been humbled by the amount of support the team has seen. The Scottish National party leading the yes campaign. Alex hammond on twitter congratulating the people in glasgow voting yes to independence. They did make some big wi