Senator cruzs capitol hill crusade last week on the senate floor, to this one, Silvio Berlusconis new threats that have investors all over the world getting nervous once again, strange bedfellows they, getting worried once again about europe and with european problems and washington worries, the big question this hour, should you be getting into this market or out of it . Listen to the president on tape. The senate has passed a bill that keeps the government open, does not have a lot of extraneous issues to it, that allows us then to negotiate a longer term budget and address a range of other issues, but that ensures were not shutting down the government and not shutting down the economy at a time when a lot of families out there are just getting some traction and digging themselves out of the hole that weve had as a consequence of the financial crisis. Ive said before, congress has two responsibilities. Pass a budget and pay the bills. And i am not only open to, but eager to have nego
At the new york stock exchange. Hi, ty. Well, the s p hitting a new intraday high today. It was a record. Were just below that record high right now. The dow is having a pretty decent day as well. The nasdaq, not so much. Theres the s p up 5. 25 on the trading session. The dow is up about 72. And the nasdaq, its down by about 11 points. Shelia come ranlgians at nasdaq. Bob pisani first with the upside for the big cap stocks. The good news the the s p hit an intraday high today. The bad news is, its kind of off of those highs. We need 1878 to close at a new high. Were sitting right on the line. Ipo day, big ones down here. A10 networks make software, opened finally around 16. Priced at 15. There was a little bit of a delay because they had to file an amended s1. They did eventually open. And amber road, a cloudbased Management Software company, priced at 13 and you can see here, opening rather strongly and holding up there at 17. Also want to note, among some of the emerging market coun
Infusion for yahoo . Cory johnson joins me from san francisco. The ali baba ipo yahoo is selling 208 million shares, or 40 . That could mean more than 10 million for yahoo , more than double the amount of cash 10 billion for yahoo , more than double the amount of the cash they have on hand. What will the cash do for yahoo . The question is where will they put it to work, look for an acquisition, buy back shares . What has always been the question for yahoo is what businesses will they go after in the future and will they do with the requisitions or build their own . Cents Marissa Mayer took over in 2012, it has acquired 40 companies. Has the strategy paid off . There have not been big acquisitions. That is not necessarily a bad thing. Acquisitionsy almost never work. I do not think they should be faulted. Had a lot ofas technological acquisitions and minor content deals. Traffic,er deal added perhaps not high revenue traffic, but it at least gives the more inventory. Fundamentally, the
And were going to talk about obviously one of the major implications, supply from the middle east of oil and the threat of massive disruptions there. With us today is lord john brown, former ceo of bp. He has a new book out entitled the glass closet. He also will respond to governor perrys comparison of alcoholism and homosexuality. A big hour coming up. The meltup weve been talking about recently has kind of melted away. The Dow Jones Industrial average is off about 15 points on the trading session. The s p 500 is traded up just a fraction. The nasdaq composite is up about a tenth of a percent. As for the transports, last trade was down about 14 points on the trading day, and the russell 2000 has been in negative territory as well. Theres the transports, down about 15 points on the trading session. Russell 200, well show you that in just a sec. Now its turned positive by about 1. 7 on the trading day. Seema mody is in times square, bob is here at the exchange. Bob, were coming off our
I think im uniquely qualified with my experience, with my knowledge of how the company works, and i know were going to change it. Were already making great change and not only changing processes, weve addressed the people issues, but its truly creating an environment where people feel empowered to talk and they are. Reporter saying i think theres an issue here and an internal investigation on safety issues based on theres been a number of issues. They havent all come directly to me, but i can tell you theres been dozens, and were addressing all of them. I cant tell you where theyre at, about you theyre all considered were considering them to be a serious issue until we understand, but i think more importantly, what will help us change the environment at gm is not only if we find an issue and say, hey thats not a problem, making sure we go back to the xwoiee and they understand that they were heard, we acted and they feel good about it as well. How do you respond to do email that now sa