Followed by exxon and visa. Dont mean to interrupt, exxon is going to be interesting because of the russian sanctions. I wonder if they will comment on their investment with russ smit with rosneft. Beginning a new project in the kara sea. They might have problems getting the equipment. European sanctions for the European Companies from sending it. I think the first xfiles series was shot there. After the bell, lincoln, tesla, gopro. John kerry in india. This is showing the flag and repairing the relationship with mr. Modi. An important trip away from all the other major challenges. Is that the morning brief . Day. En at fed day and jobs stocks, bonds, currencies, commodities futures 13. 98. Utures euro under 1. 34, and a lot of people have been hoping for a weaker euro. American crude oil under 100 a barrel. , will ithe angst, vix open near 14 . Yen, 102. 82. We scoured the papers, here is a scarlet with the front page. Time running out, it ran out, for argentina. Standard poors says t
Company into a mass automaker. Massmarket automaker. And republicans sue the president having to do with delaying one of the key requirements of obamacare. Democrats call this a political stunt. I want to get to the details of this news out of target, that they will finally have a new ceo. There was a lot of debate about whether target was going to go inhouse with another type of retailing deal, or go a little bit outofthebox and it looks like they have gone a little outofthebox. Outofthebox, for sure. You see a lot of these large retailers do tend to promote from within, so this is slightly unusual. That said, even though cornell was most recently at pepsico, he was head of the foods business, which is the largest of its extensivehe does have retail experience. In fact, he was at walmart and headed up the sams Club Division before he was a pepsi. And before that, he was ceo of michael kors, the craft store chain. Our next guest is familiar with cornell from his time at walmart. Sams c
Meeting next week. Hertz and darden moving on pressure from activists. Darden shares higher in the premarket after reporting earnings. The iphone 6 available for preorder if you can get on the website where couples were turned down after apple. Com went down early this morning. Activist investors are making news today. Hertz reaching an agreement with carl icahn allowing him to choose three directors. Darden under pressure for Starboard Value which had 300 slides with details of ways to improve olive garden. Reporting First Quarter results today that did beat. I think the overall story of the power of activists and the fact it continues to increase in our marketplace is probably the key take away in many ways. Also stories today about third point run by dan lobes ability to raise 2. 5 billion in a very short amount of time. Mostly from their continuing investor base. Activists on both fronts of the business, in terms of influence with Corporate America and the ability, most important p
Whats causing the turmoil . A lot of it is behindthescenes action in the bond market. Something ive always told you can be a real problem for equities. Now lets jump in with our game plan to figure out whats happening with the market. Typically i start with monday. Im going 0 get to that first you need to know, next week weve got a fed meeting on wednesday. And today people put on a lot of bets that the fed is going to signal rightly or wrongly, i dont know. That the easy money is about to end. Weve had the considerable amount of time, thats a term of art, that we knew they were going to wait for before they started raising rates. Ive told you theres going to be an air pocket in the stock market. When they do and ive wanted you it to be ready for it last weeks game plan i mentioned i thought strong retail sales number could stir the fed and cause rates to rise. We got the strong retail sales number and Interest Rates spiked in anticipation of the fed changing its policy wednesday. Now
Orroad m our road map begins with a 4. 5 gain for the s p. The ipad air hits apple stores around the globe today and the lines have already formed. But but we have one on set right now. Lower refining margins again. And thinking outside the box, the Container Store makes its nyse debut today. Well talk about the ipo coming our way. Score one for the bulls in october. The dow and s p hitting record highs, dow up 2. 75 , the s p rose nearly 4. 5 , nasdaq up nearly 4 as well. We know about october. The first trading day of the month this year has traded negative only twice in april and may and we all remember the very first trading day of the year, that 300 plus point gain for the dow, jim. It seems like the old days when we used to call it Mutual Fund Monday we used to have and at the beginning of each month there would be contributions for 401 ks. Is it continuing . Is it back to that . I still dont see a lot of individuals who embrace the market. Thats empirically too difficult to refu