1st. Is that what the date was . The fear gauge hitting the lowest level in more than two decades. The volatility index closing yesterday at 9. 77, the lowest level since december of 1993. I cant imagine thats not a place where you would buy. Though normal stocks that hit new lows what do they do . Hit more new lows. Stocks that hit new highs, hit more new highs. It can only go 9 more lower. Yeah. This only happened five times ever. Having always thought in a contrarian way that complacency and when people get participants get bullish, you worry. Call ratios, you worry. Percentage of investment services. If its that complacent i admit, okay, its not going to be le pen, but the world at this point, theres nothing that were not thinking about that could happen that could throw us for a little bit . It scares me. The flip side is if premiums are so low, you can buy insurance and remain long or replace your stock with calls. There are different ways to use this to your advantage to remain
And weve got someone who says its time to fade the growth driven fang stocks that are in the nasdaq composite. Hell explain why in a little bit here. Home builders are under pressure today after President Trump slapped as much as a 20 tariff on canadian lumber. More on that plus the president meeting with farmers at this hour to sign an executive order in just a few moments, of course, well bring that to you live as soon as it is released. And transportation problems, shares of ryder system hit hard today, down 12 , the ceo of the Company Joining us to explain why this business is under pressure. They were almost 100 stock two years ago. Now they trade at 69. The Trump Administration is considered friendly for truckers, deregulation, infrastructure. Just the economys hot. Talking about all of this. After the bell, big earnings for at at t, numbers and analysis for you after the bell. Beginning with the market, nasdaq hits 6,000 for the first time ever, dow revisits 21,000, and bertha i
Mr. President , it was a great honor being with you, and i look forward to being with you many, many more times in the future. David what an extraordinary moment. President obama and president elect donald trump meeting at the white house to discuss the transfer of power. The first of several momentous meetings today. Were going to take a look how the ultimate outsider adjusts to working on the inside. Melissa back to the recordsetting dow closing up more than 200 points, smashing the record set back in august on august 15th. There you go, oil and gold moving opposite direction. Phil flynn, price futures group, Fox News Contributor, watching the action in gold and oil from the cme. Lori rothman on floor of the new york stock exchange. Lori, you got a look at the days biggest movers down there. Talk to me. Reporter liz, financials. Financials were among biggest gainers with jpmorgan, Goldman Sachs leading the way. Jpmorgan at record high but faded back a little bit off the level. Show y
Three men accused in the shooting. He is said to be responsible for multiple shots being fired into petersons grandparents home, after the group mistook the house for someone elses residence. Thursday, the 21yearold milwaukee man was found guilty of three counts of first degree recklessly endangering safety, use of a dangerous weapon, as party to a crime. And, judge Jeffrey Wagner reads the verdict pertaining o the court finds the defendant guilty on the charge of first degree reckless homicide, party to a crime. Following the verdicts, petersons family remains seated, in the gallery, for some time, while most of barretts supporters make their exit, within minutes. When i ask barretts attorney whether hes speaking to the media, he tells me, quote its just too tough, right now. Endquote this is the williams fox 6 news. One of milwaukees big employers announces jobs cuts today. Fox sixs Julie Collins . Is live outside the Northwestern Mutual building in downtown milwaukee with more julie
Extend the greek bailout process. Its now official. Were going to have a lot more Additional Details on this big deal. And as we said shares of boeing slipping in the premarket. Worries about demand risk. We will bring you up to speed on that call. First up dow and the s p closed out last week at record highs. The nasdaq finished within 2 of its alltime closing high. This after that deal to extend the greek bailout by four months. The greeks must present their reform plans to creditors today. But this weeks big event is the fed chairs twoday capitol hill testimony on the economy. Janet yellen begins by going before the Senate Banking committee tomorrow. Well bring you live coverage right here on squawk on the street. Jim, is that going to set the tone for the week . Theres some retail that i think can matter. Libya came back online. There is a sense that perhaps we have a number of buyers for Oil Companies that do go under. I think thats worth watching. A lot of money has been raised.