Pros worried. So do earnings. They arent expected to grow much when First Quarter profit reports start coming out tomorrow. Send small children out of the room, we warn you as we show you these numbers. The dow down 166 points. The nasdaq completing its worst threeday slide since november of 2011. It was off another 48 points today. Falling to a twomonth low. And the s p 500, it hit an alltime high just a week ago but today down another 20 points, capping its worst threeday slietd in two months. We have two reports on todays selloff. Bob pisani at the New York Stock Exchange but we begin with sheila at the hardhit nasdaq. Despite the overall losses, some traders were encouraged by todays action. Pointing to pockets of strength from sectors that were recently under pressure. Biotech, for example, which has been a weak sector, did see a bounceback today. The nasdaq biotech index hosted a gain in companies ended the session on an up note. Also socalled momentum stocks that consistently mo
The coolest award you have never heard of is just in time for the oscars. Were going to kick it off with what everyone is talking about. Big news overseas, we are starting with japan. Formally the Largest Bitcoin Exchange has filed for bankruptcy in japan. They lost 3 4 of a million that bitcoins belonged to users. That is real money. The ceo of the exchange apologized. Here it is in the raw. [camera clicks] [speaking japanese] i am deeply sorry. There was a weak area the system. As a result, we lost bitcoins. I am deeply sorry i have caused trouble for everyone. That is the ceo apologizing for the bitcoin exchanges collapse. He has not been a popular man. This is video of him earlier this week trying to enter the mt. Gox headquarters. They have been holding a sit in outside the building demanding with a sign, where is our money . He lost hundreds of Million Dollars reportedly to hacker thieves. That led him to halt withdrawals on february 7. This is a serious disaster. It appears to b
Again. Oh, geez all right. Just a second. All right. All right. I know this isnt the best way to start a game plan. But then again, it isnt everything where the dow plummets 318 points and the s p 500 plunges and the nasdaq nosedives. What can i say about what went on today . How about it pretty much unfolded where we told you it might yesterday. As the forces of panic wont up through that quickly on the bulls necks. Once again the pain was not created in this country. In fact, the Major American Companies that reported in the last 24 hours, they all were remarkable earnings. Honeywell, proctor gamble, starbucks, microsoft, bristolmyers squib. As i report over the Conference Calls of these companies this morning, was struck by two things. First of all, all these companies not only did better than expected, they all guided higher which as i tell you get rich carefully is what will produce the biggest gains over the long term. And second, those fabulous numbers, they hardly mattered at a
Desk . Is the coast clear . Did the bell ring yet . I guess its safe to come out again. Oh, geez all right. Just a second. All right. All right. I know this isnt the best way to start a gam plan. But then again, it isnt everything where the dow plummets 318 points and the s p 500 plunges and the nasdaq nosedives wlachlt can i say about what went on today . How about it pretty much unfolded where we told you it might yesterday. As the forces of panic wont up through that quickly on the bulls necks. Once again the pain was not created in this country. In fact, the Major American Companies that reported in the last 24 hours, they all were remarkable earnings. Honeywell, proctor gamble, starbucks, microsoft, bristolmyers squib. As i report over the Conference Calls of these companies this morning, was struck fwoi things. First of all, all these companies not only did better than expected, they all guided higher which as i tell you get rich carefully is what will produce the biggest gains o
I guess its safe to come out again. Oh, geez all right. Just a second. All right. All right. All right. I know this isnt the best way to start a game plan. But then again, it isnt everything where the dow plummets 318 points and the s p plunges and the nasdaq nose dooifs. What can i say about what went on today . How about it pretty much unfolded where we told you it might yesterday. As the forces of panic wont up through that quickly on the bulls necks. Once again the pain was not created in this country. In fact, the Major American Companies that reported in the last 24 hours, they all were remarkable earnings. Honeywell, proctor gamble, starbucks, microsoft, bristolmyers squib. As i report over the Conference Calls of these companies this morning, was struck by two things. First of all, all these companies not only did better than expected, they all guided higher which as i tell you get rich carefully is what will produce the biggest gains over the long term. And second, those fabul