Mortgage applications. Old news. Trade balance is ancient news. It is not employment news. You go. Janet yellen is not paying that much attention. Hey, she is watching everything. [laughter] she has the star trek enterprise of dashboards. We call that the bloomberg terminal. Continue. We have time warner in the next hour. Chesapeake and aol. Cody for century fox. 21st century fox. What a shock that was yesterday. Wow. Topic at be a major bloomberg surveillance. We look at the transactions of media. Lets look at the transaction, which is your data check. Weight to the screen here. We will talk about that. The euro was weaker. On to the next screen. The vix shows some of the tension. The ruble is a big deal this morning. Over 36. L out. 105. Is under brendan, help me here. You spend a lot of time in brussels. What is nato going to do . Something interesting. More and more people pay attention, the foreign minister of poland, he is the one willing say that european leaders things that mak
Gained yesterday and then something, and there are a number of developments that were following going into this final hour of trading here. And so, lets take a look at where markets stand with the Dow Jones Industrial average off 165 points this hour. It was down almost 200 at the lows just a little while ago. Remember, anything below 75 points means weve given up yesterdays gains and returned to the lowest level since at least may 20th, perhaps going back into the red for the year. In any case, this is a broadbased selloff, and the dow off 1 at this hour. Same goes for the nasdaq, which is off 42 points. The s p 500 off 1. 15 or 22 points, down all the way to 1, 916. The dow, going into the week, it had shed about 600 points in ten trading sessions. So certainly a sharp selloff. Lets try to make sense of it all. Rob morgan, sam stovall from s p capital iq, frank rad yok from jhs capital advisers, danny hughes from Divine Capital here at the big board. Our own Michelle Carusocabrera on
Best buy, williamssonoma, earnings surprises to the upside. Omnicare gets taken out by cvs 98 a share. The ceo of Lumber Liquidators resigns. Salesforce up on good oldfashioned earnings. Hear what they told jim about the quarter and competitors. Best buy up sharply after beating the street with its First Quarter results. Its domestic business was stronger than expected, driven by demand for smart phones. Large screen televisions, major appliances. Williamssonoma exceeding forecast in q1, comps up 4. 6. Confident we are executing against the right investment strategy. I sense there is progress but more work to do. This is incredible. They quoted in the release strengthening in our domestic business versus previous outlook. The daytoday inconsistencies, lowes did not see that. Home depot did see that. The categories best buy is doing well in are catries others are faltering in. I wonder whether the culture changed enough that they are simply doing better. They are selling more product. C
Iterates more than a billion dollars a year. He is the grandson of the famous explorer jacques cousteau. Been putting under the ocean. But get more from my compost. The Federal Reserve has extended deadlines until next year for capital plans from o. Igroup and hsbc banks tests measured how handle a financial crisis. At Morgan Stanley they received 90,000 applications. 1000 positions. Dreamworks big sequel is dragging. At theie was a Miss Box Office and dragging dreamworks to a loss. Chief executives of at t and dreck tv are defending their 48 billion. They testified before house members. Megan hughes has been covering all this. Do lawmakers seem to be for or against this combination . X that is a good question. You did not hear a lot of direct attacks from lawmakers. We did hear some tough questions from senator al franken but we heard more broad concerns bemoaning the state of the saying wedscape. Cannot consider this plan in a vacuum. It has been a to the executives to say why this i
Ocean. But get more from my compost. The Federal Reserve has extended deadlines until next year for capital plans from citigroup and hsbc. Stress tests measured how banks would handle a financial crisis. At Morgan Stanley they received 90,000 applications. A little over 1000 positions. And dreamworks big sequel is dragging. The movie was a miss at the box office and dragging dreamworks to a loss. The chief executives of at t and dreck tv are defending their 48 billion. They testified before house members. Megan hughes has been covering all this. Do lawmakers seem to be for or against this combination . X that is a good question. You did not hear a lot of direct attacks from lawmakers. We did hear some tough questions from senator al franken but we heard more broad concerns bemoaning the state of the merger landscape. Saying we cannot consider this plan in a vacuum. It has been a to the executives to say why this is different, why he argues this is going to be it for consumers. Here are