Is this the sign of a slowdown in auto sales or maybe just related to the weather . Okay. Well, it was really nice while it lasted. Stocks selling off this hour. The nasdaq the biggest loser, as ty just said after hitting 5,000 yesterday. The dow is currently down by 101 points, which is off its lows of the day. Still down by triple digits. Actually now its down by double. It is seeming to come off those lows as were literally speaking. The nasdaq is down by 36 points and the s p 500 is down by 12. As for oil prices lets take a look at how theyre doing. Over that board. You have wti crude. Its spiking right now by 1. 6 . 50. 38 a barrel. Israeli Prime Minister Benjamin Netanyahu speech on capitol hill certainly is one thing that weve been watching in the crude context as you can see brent is also up much more in percentage terms by 2. 5 . Bertha coombs is at the nasdaq. Mary thompson at the nyse. Dominik at the nasdaq 100 laggards. Youre next. Peggy lee sang the song is that all there
Coming up in a few minutes. A couple of different stories were watching. The nasdaq partying like its the year 2000. Closing above 5,000 for the First Time Since then in only the third time ever. The nasdaq now. 8 away from the record close. There is a surprise from down under this morning. Australia central bank holding back on further easings. Gasoline prices jumped 37cents a gallon. Now thats the largest week to week increase since the agency began its survey in 1992 but life is relative and if you remember where things were six months ago its hard to complain. So it doubled in three and doubled again in three. So it doubled 72 divided by 3 is 24. 24. So its probably is it 24 return in six years if it quadruples . Yeah. If it sits right you can do it. So the nasdaq is up so instead of 6 or 7 for equity appreciation the nasdaq since 2009, 24 a year. So stay out of the market. If you put that money in 15 years ago youre just giving it back. They didnt have money 15 years ago. They wer
Personal spending was a disappointment this morning. We begin with the first trading day of the month after a monster february. With an eye on nasdaq 5,000, will the momentum continue into march . Warren buffett on the record on the economy, ibm and the news that these were places amex as costcos credit card partner. The biggest acquisition in tech. Exclusive with the ceo of nxp in just a moment. And after lots of leaks, it is official hewlettpackard also vying Aruba Networks 2. 7 million when you back out the cash. A bit below the stocks close on friday. First up futures are mixed as we begin a new month of trading. China cut Interest Rates for the second time in just over three months. Here in the u. S. February was a pretty nice win for the bulls. The nasdaq up more than 7 . Its best month in three years. Dow up 5. 6. S p, about 5. 5, each posting its best february since 98. Interestingly, last february was also the best february since 98. So the pattern to the years has been pretty
Runway in that snowstorm. We have the very latest on that situation. 16 people injured, two taken out on stretchers. Now, billionaire mark cuban making waves today, publishing a blog saying we are in a tech bubble that is quote, worse than the one 15 years ago. Cuban will join us exclusively about an hour from now for more detail on this provocative thesis, bill making the rounds today. Dont miss it. One of the real you cant even call mark a survivor of the dotcom boom a thriver. He was a winner. He created broadcast. Com and and sold it for billions before the dotcom bust came and hes been playing ever since. Thats why well be interested to see what he has to say about the cycle this time around and who stands to be helped or hurt. Always outspoken. Later, banks stressing out. Literally, the government releasing the latest results on those stress tests for the banks, whether they prove they could withstand an economic meltdown again. Well have those results the moment that they are av
Alzheimers disease. Call your attention to one stock. Those would be the shares of biojin right now up 7 . Up 30 in the past three months at alltime highs now after releasing very encouraging data on an experimental alzheimers drug. Telling us about it at this time yesterday and shes now back with more detail. Hi, meg. Hi tyler. Incredibly High Expectations for this drug leading into today and analysts say biogin met and exceeded them. Shocking investors saying the medicine appeared to slow the cognitive declines associated with alzheimers and today how well the drug appeared to work both on memory loss and clearing of the am lloydoidloyd plaqued that build up in the brain. Next step, find balance between safety and efficacy. Results of early. Doctors are encouraged and important to note the drug was tested in patients at very early stages of alzheimers disease who might benefit if it reach ares the market. Next the Company Moves the drug quickly into a phase three study jumping over t