Ooh baby baby oops i did it again i played with your heart got lost in the game game good morning and welcome to happy throwback thursday. Britney spears, vintage 2000. And we are going back to the start of 2000s. Early. Got a nice brit song coming up. Lets get to the market action. Well do so in a few minutes but first lets go live to greece. The olympic flame is being lit at the site of the games in ancient times. The torch will relay that ends in re dangrio de janeiro in aug. There you go. Finishes up early august in brazil. Getting ready, which we of course have complete coverage on nbc of the olympics. To the markets. U. S. Equity futures after closing at fresh highs, continue to push higher here in the early action. Dow futures up 42 almost, s p up nearly 4 and nasdaq up 6. This after the dow, s p and nasdaq saw the highest interday levels of the year yesterday. Check out the yield and the 10 year treasury. Were seeing that inch higher as well. Were at 185. So some selling of tre
First, lets check in with mandy at the new york Stock Exchange. Hi there, tyler. Hello, everybody. We have a selloff here on the street. The dow is back in correction territory although we are off the very worst levels of the day. The dow is down by about 284 points. Now its down by 235. S p down by 24 and the nasdaq off by 48. I have bob pisani on the floor of the Stock Exchange to explain what is going on. I guess maybe for one day weve got a reprieve where we can stop obsessing what the fed is going to do and we can obsess what the fed said and what it means for things like earnings and revenue. For the moment i think what the fed was saying yesterday is still impacting the stock market. Lets look at the s p 500, were just off the lows for the day. 2 to 1 declining to advancing stocks. Volume is heavy because its a quadruple witching. Let me try to answer mandys question. Why are we down today . I see three clear reasons and you can assign whatever weight you want to any of these. F
Minutes as well. The statement coming at the National Counterterrorism center in mcclain, virginia, where the president meets with his National Security team today. Well go live to d. C. For the latest of whats taking place there. We do want to begin, though, with the arrest of martin skreli. Cnbc Health Care Reporter dan is here with what we know about this case. Mr. Skrelis controversial past, something you have written about on cnbc. Com in the past. He has been under investigation for months now. This is a guy who comes to the publics attention for the controversial price increase of more than 5,500 president of the drug that is used to treat people with aids and pregnant women. Generally a lot of controversy for that price hike. He hasnt shut his mouth since. All the while the feds have been rolling up evidence against him. I do have in my hands the sec complaint. A civil complaint. The charges in both cases are expected to parallel one another. Also a new defunct hedge funds by s
Our road map begins with a 13 million merger. Well bring you the latest, rubbermade buying jarden. And loeb versus dow, what does the cope have to say . We have the story. And an apple bombshell the first ever decline in iphone sales. Futures volatile here, oil prices as we said fell below 35 for the First Time Since february of 2009. In the mean thyme, cheniere replacing their ceo. And in another management shake up, david barce is out at third avenue management after the collapse of their junk bond firm. A story that is likely to repeat. I wont over their portfolio last night. There is two issues. One is it is a mutual fund, youre supposed to get your money back. That is what jarred people. Second, i think i may have found the worlds worst investor. I looked at 55 issues they had. There was four that i would think are of some value. How does that happen . Youre an idiot. You know energy names and its not just energy. Other than health care, they really just decided if you set out to
So i try to incorporate all holidays. In the meantime, we have a developing story about deadly weather across central u. S. Tornadoes, blizzards, heavy rain killing more than 20 people in three states. More bad weather coming. Western oklahoma bracing for a foot of snow. Blizzard warnings remain in texas and missouri. A little bit of travel trouble across the country. About 1500 Flights Canceled nationwide yesterday. Another 6,000 planes are delayed. Youre going to be getting a live report from the Weather Channel in just a bit. Meantime, the Global Markets are open today. We are seeing some negative activity in the futures market because of some of the activity that we have seen in asia and in europe. In europe the u. K. And irish markets are closed for bank holiday observing boxing day. Australia and new zealand closed for the same reason. In germany we are down fractionally. Down 1 4 of 1 . Same for spain and groogs which we are still throwing in there for good measure down by 3 4 o