Microsoft and alphabet last week and debate whether apple can turn the tech story around. Global debate about apple. More on that in just a bit. Valeant getting a ceo the same week Michael Pearson is to testify on capitol hill. Also argentinas return to the bond market. Kay kelly will return and tell us what it means. After the bell, well discuss why nikki sixx is calling on president obama to go after youtube. You have nikki sixx and youtube, only on closing bell would you have that. We start in saudi arabia today. All right. We dont start in saudi arabia. So lets go to our cnbc Closing Bell Exchange with the dow down 61 points. Joining with us we have rob weiner, ben willis and Rick Santelli checks in from chicago as well. Ben, the tradition lately has held leading up to a Federal Reserve meeting that the market tends to rally. Not a hard rule but that typically is what happens. Is Something Else going on . Something else is going on. When its the fomc by itself but the problem Centr
The word recessisionill be mamaki a comeback this week. D stocks will be down a little this mornrning. However, varney c company i about to begin. Wewell, were strehing a littlee bit here. Why not . Game of thrones, okay. Stuart the e g. O. P. Game of ththros. Two candidates to o ta down a third. D. In the end, of course, o onlone of them wiwill be left standing as thehe nominee. Game of thrones, of coururse, kiing off the new seseason last night. I bet a lot ofof pple watched itit. More on the politics of gagame f ththros in just a moment. Look at this, we arere gng to open lower on wall streeeet t by mucuch, its not a huge sellofby any means. We w will get the latest read o Economic Growth anand at thursdsdayorning, does not loook like theres m much growth at all. L. Thats after tririllions in stimululus and record taxes. Well tatalk about that throughout the show. W. Look at this, some o of the e bi names ththat took a big hit las week. Les see where theyre going g to start out. Goo
Boom, boom, first round. Cruz and kasich unite against trump. Their goal is to stop donald trump. Do we really want to turn on the television and see two rich new york liberals debating the general election . As for the democrats, Hillary Clinton is looking ahead to the general election already searching for a running mate. We are the future of the democratic party. We look forward to fighting this out through california. The u. S. Is adding more military might in the battle against isis. Ive approved up to 250 personnel including special forces to keep up the momentum. Statewide man hunts intensifying for whoever shot and killed eight members of the same family in ohio. This could be drug related. It could be gang related. It could be revenge. Former browns Quarterback Johnny Manziel indicted in a Family Violence case, accused of assaulting his exgirlfriend. Beyonce debuted her new album, described as her second visual album. All that the greatest basketball player. Isaiah thomas put
Leading the way lower. S p financial stocks, they were at a two week low. Real leumi day and we had some ecodata that was bumpy and did not help to provide anything. Joe it was ugly overseas and asiapacific was down. Just once again, risk off, not that dramatic but not that great. Oliver it is a smooth ride up and once you get to 2100, things start to get shaky. A couple of sectors i think are interesting today you have the strength relative to the rest of the market these are three of the groups that help keep the market afloat year to date. Thefact that we still have s p losing on a day, that has only happened twice. Bondon the government side, we saw them going out on their lows of the day. 1. 77. Year yield at one thing i want to draw your attention to is the turkish lira. You can see it getting obliterated. The dollar strengthening, clinicalmashed on turmoil in turkey as the president and Prime Minister are at odds with each other. A good moment for emerging markets with the turki
The oil part along with oil prices, it is not a big rally by any meaning. All three major averages higher but none of the region reaching for tense or even half of 1 . Even as we have seen this big recovery from the lows, if you look at the bloomberg here in the s p 500, we have not re obtainedattained that level. I also wanted to point out what is going on with bond yields. This is wb, which lists bond yields across the globe. I want to show you this column if you can see it. This was the topic of discussion at yesterdays zone investment conference. We heard folks criticizing the negative rate regime. We heard Stan Druckenmiller saying that people should be selling stocks and buying gold because of concerns about global growth. If you look here in the United States, of course, we dont have negative yield at this time. The 10year note today, going back to markets, we have not seen a lot of activity either way. If you look at Something Like the dollar versus the japanese yen it is actua