S p off by 13. Yesterday we saw a swing of 400 points or more we were up by 100, 350 i need more than 140 to get worried . No, thats a yawn at this point. 0. 6 at this point if you think back to all of last year watching, if it starts down 140, you could look away, look back, be down 800. You saw what was happening with treasuries. Lets look at that board once again. Looking at treasuries, these are the yields, the tenyear yielding 2. 831 . Stepping back from the 2. 9 it crossed yesterday. Check out the twoyear, 2. 069 look at europe thats where the markets are open for early trading at this point it looks like no, no back that up asia closed, but the nikkei down by 0. 6 hang. Shanghai up by 1 in europe, you can see active trading now, at least at this point things are relatively mixed ftse slightly higher but declines of a quarter percentage point for the dax in germany and the cac in france. Earnings still coming in this is a big one. Pepsico reported 1. 31 for the Fourth Quarter, a
Head to pang chayeongchang in a minutes. Were joined by senior Portfolio Manager chief equity strategist bob doll bob, you know, were watching markets this morning sort of bounce around. The s p 500 actually kind of firmly in the green right now. It has been very strong week following that roughly 10 correction where are we right now well, that we bounced i dont think should be any surprise we got the positive technical divergences last week. The surprise is how far and how fast we have bounced its amazing you cant keep a good thing down, i guess. Our view was, you know, 2700 plus or minus 50 s p 500 points and were at the upper end of that now so were going to have to make some decisions here. Were going to have to, i think, pause and do some testing at some point well see what that looks like but this rally this week has been pretty amazing. I agree with you when you say we have to make some decisions here, what do you mean yeah, do we take some money off the table . Do we lower beta
Confirmed it has contacted the swiss banks management and says it will unveil its plans shortly. According to the financial times, rdr is hoping to tap into the Turnaround Program, a look at the stock this morning, up nicely to the tune of 2 . Credit suisse issued this response to cnbc saying while we welcome the views of all our shareholders, our focus is the implementation of our strategy which is well on track karen has been talking about this story all morning long. I want to continue that discussion with her. Im a bit flabbergasted by this. This is a share holder who holds 0. 2 of shares, not a big fish do you think hell have any success here hes an interesting character and has a track record he was trying to educate for higher share prices in other companies, and is involved in gama, he is taking on a bigger fish with Credit Suisse. When you think about who is also on the share registgisteregistee harris associates, they are a hedge fund that wants a stronger return, even though
Good tuesday morning. Welcome to squawk squawk alle. Happy holidays to both of you. Carl and john have the day off. To our top story, closing in on dow 20,000 yet again, market strategist. Tony, art cashin said that coming in on friday was a waste of car fare and clean shirt. How should we be thinking about volumes and momentum this week . First with respect to dow 20,000, items one of those numbers that of course the general public understands probably the most readily understood number that is spewed out from wall street is the unemployment rate. And that is of course widely recognized and widely understood. Right behind it probably is the dow jones trim average. So in terms of forging perceptions about the economy and the outlook for growth, Financial Markets how the dow fairs matters but of course its just a number. When you think about the day that that we got this morning on a surge of consume confidence and home prices rising, as well, what is the Economic Data telling you . Tha
Continue . Feeling good. Consumers feeling the best about the economy in more than a decade. And new years picks. Where our market monitor thinks you should put your money in 2017. All that and more for tuesday, december 27th. Good evening, everyone, im Contessa Brewer in for sue herera. Im tyler mathisen. Twas was the day after christmas. If only we could hit 20,000 it would be complete. Alas it did not happen. Many an investor was looking for a santa claus rally to come in and save the day. You get the idea, folks. Despite small gains, the dow could not claw its way above the 20,000 mark but the nasdaq did hit an alltime high. Heres how the dust settled. The dow climbed 11 points to 19,9 19,945. Nasdaq rose 24 and the s p 500 rose 5. Bob tazani, he wont rhyme but he will take a look at today in the market. We got close but not quite. The dow finished the day 50 points away from the 20,000 mark. Very light volume. Entering the final stretch trading in 2016. This is ten trading days wh