Right now. Take a look at what happened in asia overnight, as well. A lot of these headlines hitting as japans market was opening there. That was the first sign that argentina was not going to be able to make its payments. As you can see right now, the nikkei closed down by about 25 points. The shanghai, though, was up by close to 1 . Among todays tests for the u. S. Markets, we have economic numbers, more earnings that will be hitting. At 8 30 eastern time, we will be getting the weekly jobless claims numbers. Polled economists were filed last week, up 21,000 from the week before. When it comes to earnings, Oil Giant Exxon mobil, Conco Philips are both reporting. Mastercard and kelloggs, those are among other names that well be expecting today. Right now, lets get over to michelle with a roundup of some of todays other stocks to watch. A number of companies posting results last night, becky. Revenues came in just shy of expectations and the company is cutting its full year forecast fo
We begin with the markets. Additional pressure today after weaker gdp data, dow and s p starting from a deficit after yesterday, the worst day in two weeks. Supreme court expected to issue more decisions this morning, and we are awaiting the big one with the broadcasters. Googles Developers Conference kicks off, rumors of a top box unveiled and a shareholder meeting. Lets hope they make it on time. Raising an outlook for the year, planning to double earnings in five years. All right, first up, governments first final revision of the gdp, economy contracted 2. 9 , lower than the estimate of 1 , the fastest rate of decline since 2009. The data comes after the dow suffered the worst triple digit loss in a month, and s p finished negative after hilting highs in the session. By comparison, down 2. 9 sounds bad, is bad, in 2008, only down 2. 2. Worst after that, though, didnt it . Absolutely. That was the belly of the beast, and people make decisions whether or not that was whether the numbe
For a while it looked like we might outperform, bill. Now the dow is off 1. 6 . 267 points. We needed to add 50 if we wanted to be positive on the month. The dow is down 1. 6 . The russell is down 2. 3 . The small cap stocks are taking a big hit today. Another recent leader in this market to the up side, the transportation stocks, down sharply as well today, down 115 points. A lot of breadth across the selloffs, it is pretty indiscriminate. If you are a value investor, that should mean opportunity. But the vix popping by about three points today, at 16. 5. We havent seen a move like that in that index in quite some time. Heres how we stand right now. The dow off 263 points. 16,616 is where we are trading now. Nasdaq off 1. 9 , shedding just about 83 points on the session. 4,380 or so is the level. The s p 500 over 33, down all the way below 1,940 down to 1,937 at the moment. Lets get to it. Cnbc Heather Hughes from the sun america funds, doug walford forecommercial wealth advisors. Jo
Think that argument doesnt exist anymore. Its the old bad news is good news. We thought we heard the end of that, maybe we havent. Even so, markets near a record. August, too, consistently bad the last few years. Speaking of the jobs numbers, were they real . Some noted economists are openly saying they dont believe them. They feel things are much better out in the economy than that report suggests, so well try to separate fact from some fiction coming up. Also today, think a gop victory in the senate will be good for business . The conventional wisdom, but think again. At least thats what barney frank says. He wrote about it on cnbc. Com and hell be here to make his case, but hes not going to be alone. Larry will also be here and i have a feeling things might heat up, so stay tuned for what should be a fun debate. Well stand back and let them go at it for a little while. Yes, we will. You saw the dow open lower this morning on the disappointing jobs report, has come back in the aftern
Not just living off your paycheck. There are some people, call them the 1 , if you want, who can make enough from their ordinary daytoday income to become truly rich, but for the jas majorities of americans, the paycheck is simply not enough to get you there. You need to augment it. If you keep watching, im going to tell you how to do just that, for the rest of your life. Usually i come out here and tell you what i think of the market, what themes i think are doing best, but the truth is, before you even start investing, there are a lot things you want to do. To mean something. Tonights the exception. You may not want to hear this, but its absolutely fruitless to think you can get rich in stocks if you havent laid a foundation for longterm wealth. If youre hemorrhaging money anywhere else, at best it lets you stay afloat. If you plan things better, it might have let you become filthy rich. There are three things you must take care of before you consider even owning stocks. Normally som