Be as concerned as he is . You want a clear sign of fair, check out the 10 year benchmark low. Dropping to seven month lows, fear money moving out of bonds to equity, moving below 2. 5 the yield. Whats causing it . The three big reasons why the yields are falling. And fears about walmart. Sue is here in the house at cnbc headquarters. Welcome, sue. Good to see you. Good to see you, too. A big down day. We are off our worse levels of the day but not all thatinch. Dow jones industrial average off 174 points. And s p down 1. 3 . And russell is now in correction territory, down 15 points. Where is the money going . Going strongly into the 10 year note and pushed the new zealand below 2. 5 morning briefly and we now sit at 2. 5 . Dow transports at their worst level at and vix up 1. 25. One of the main drivers today declin declines in the declines come from comments from closely watched hedge fund titan, she tried to say, david tepper. He says he is nervous. Key reasons kern the ecb being ti
Catching a lot of peoples attention is the broader based russell which is down 2 or 21 points on the trading session. The oil market, last trade on oil is on brent crude down 89 cents. Gold is down 13 bucks on the trading session. The yield on the ten year note is 237b9 552 . Over in europe. Very ugly day. Down 43 points. In germany, lost almost 2 . And in france, paris, finished down 1. 5 on the trading session. Why is market falling . A couple reasons, two main ones, europe, we saw the picture there. Rising labor costs here in the u. S. Daytoday showed the biggest jump in u. S. Labor cost in five years. Added to the geopolitical jitters. We have a recipe for the downside today. Bob, your perspective. That was a great summery there. Youre right. I would lay a lot of the blame here to the start of the problems today over in europe. Take a look. We just had an ugly open in europe and ugly close. Basically stocks closing on the lows there. Portugal, much bigger loss than anticipated. The
Look how much its up, 4. 52. Thats 6 1 3 right now. Whats next for facebook . Skys the limit. And a luxury car theft ring. Range rovers, mercedes, beamers, audis, lexus, suvs and more. Youll never guess where these cars are winding up and how quickly they can go from your neighborhood to where theyre going. Sue is out today. Sara is in at nyse. Good afternoon. We are starting the hour with one of the major themes of our exclusive interview with president obama today, tax inversion. The pharmaceutical sector has certainly been an industry in the spotlight of this debate. Meg terrell is live in the news room. Plenty of deals here, meg. Were looking at 19. 5 billion. Thats the estimated loss if aversion deals continue. Inversions are setting a record pace, nine deals have already been agreed to this year by Companies Including medtronic and chiquita brands. Overseas cash piling are growing and now estimated to be about 1 trillion. Companies dont want to bring that money back to the United
Sue is here in Englewood Cliffs today. I am, todd. Good to see you. Were going to start with possible signs of a downturn. Bob pisani has one piece of evidence. Jackie de angeles the other. Ice brent down 10 . Good afternoon, sue. Certainly not pretty when it comes to crude oil. Couple of factors here pushing these prices down. The first would be that Global Supply right now is surging. In opecs monthly report issued this morning, total output actually went up even though saudi arabia cut its production by 400,000 barrels a day. You have the libyan supply coming online to balance things out. In that same report, opec said its cutting by 50,000 barrels per day. When you look at the Energy Sector and the etf in energy, you can see there are declines there but they are less steep than the prices weve seen the declines weve seen in crude prices. Mentime in terms of the energy stocks, lets look at three months. Lets look at exxonmobil, chevron, and bp. Not as bad as the actual prices. And t
Hawaii neighborhood. Mother natures fury on display. An amazing site. We will show it all to you. Look at that. First to sue at the new york stock exchange. We start with three very unique and well placed sources. The ceos of three companies with big news and a great view of the american and global economies, all three stocks happen to be up sharply today. Lets take a look at whirlpool up almost 7 . Integrated device technologies up almost 18 and preceptoes up 40 . We start with the state of the consumer after whirlpool posted numbers just below estimates. The stock is up big time today. The Consumer Discretionarys etfs having a strong run. Today confidence reaffirmed as the Consumer Confidence numbers came in at a seven year high. Are things as rosy as they sound . With us is whirlpool ceo. Welcome. Nice move in the stock today. Pleasure to be on the show. You know, you beat the street but your guidance was a little iffy and initially we did see pressure on the stock but it has come b