Whod thunk that six months ago, right . So a down week, but not a dull week, thats for sure. Josh lipton has been on top of it all there on the New York Stock Exchange floor today. What are you watching there, josh . Reporter hey, bill, yeah, we do finish higher today. The dow tacks on 46. The nasdaq is up 19. The s p up 6. 1,663. The dow intraday, i know you have been talking about this, you saw the drop after the disappointing new home sales data, but then we moved higher. It was microsoft. It was the ratesensitive sectors, also, right . It was reits, utilities, s p, telecom. And, also, big oil. Exxon, chevron, you know, thats been weighing on the blue chip, but they were working today. What was not working today, some of the homebuilders. You look at the itb, the Home Construction etf, you know, bottomed in 2011. We hit the peak in may. But youre down about 19 , 20 since then. Some of the homebuilders, they really lagged this week. Ryl, lennar, kbh, toll, all finishing the week lowe
We begin with jamie dimon, Jpmorgan Chase ceo sitting down with jim cramer in just a little while. His bank out with earnings that did handily Beat Estimates, results from rival wells fargo, also above expectations. Senator Elizabeth Warren leading a new charge to break up the banks with an updated version of the 1933 glasssteagall act. The Company Warns q2 and full year will likely fall short of expectations. And carl icahn kind of sweetens his offer for dell. Whats it going to mean for that vote next thursday . We will discuss. Big day for us here. As we said, jamie dimon will be here at the nyse. Cramer with an exclusive interview at 10 00 a. M. Eastern time. A lot of things to talk about in the program. Are you ready, skee daddy . Ive got the ceo on my left here, im listening to you guys, ive got Elizabeth Warren on squawk. Heres what i have to say. This has become a Capital Market story. Thats how theyre trying to portray it to put it in english, they have too much cash so theyre
Indicting steve cohen himself. A case rattling the financial world. We have all sides covered today we are live from the courthouse coming up. David cote will be here in a few minutes. Defense firms going full steam ahead. Despite sequester cuts. We will get his comment on earnings. Plus find out what led him to step down from j. P. Morgans board. He did that in the past week. Lets check the market as we approach the final hour of trading. 15,514, last trade of the blue chip average. Nasdaq in positive territory due it a handful of gainers as well as facebook. Facebook up better than 20 right now. 25 earlier. S p 500 looks like this. Standard poors is fractionally negative. Bob pisani, what is going on here . Higher Interest Rates are hurting the stock market. Cant say it more simply. Interest rates up three days in a re. Dont have more to say about it. Orders are down 12 . Horton below expectations. Hortons conference calls, what everyone is talking about. Causing an increase of cance
They spent time with a man who was tested positive for coronavirus. Super tuesday is tomorrow. Michigan is the biggest prize as joe biden hopes to open a big delegate lead and Bernie Sanders looks to regain his footing. I am voting for joe biden because he wants to expand obamacare. He does not want to scrap my private insurance. I am staying with bernie, his message has been consistent throughout time. And his stand on healthcare, he may have to change that a little bit that turns a lot of people off. Back to 2020. Later in the program we begin the hour with a stunning coronavirus scare and selloff in the Financial Market. All three big indexes plunging deep into the red. The dow is sinking 1800 points within 1 minute of the opening bell. Freezing all trading on the New York Stock Exchange floor for 15 minutes. Part of whats fuelling this panic is a crash and oil prices. A big motivator is the grim weekend. Cnns chief Kristine Roman is live. The number is wow. Take us ideas the why. T
Meanwhile, many of you around the world are wondering, is it still 0k to shake hands . This is what people in wuhan are doing. In other stories well cover the eu pledges 780 million in aid to greece as thousands of migrants try to cross the border from turkey and its super tuesday in the us the most important day so far in the democratic race to take on donald trump in this years election. Around the world financial insitutions are working to limit the Economic Impact of the coronavirus outbreak. The Us Federal Reserve has cut Interest Rates by 0. 5 the biggest cut since the 2008 financial crisis. And now the world bank has announced it will provide up to 12bn in immediate support for countries coping with the impacts of covid 19. We can speak to the president of the world bank who is life with us from washington. Thank you very much indeed for your time today. Which countries do you want to receive this money . The countries will be expressing needs and there will be a needs assessmen