Bouncing back from profit warnings saying it will cut spending and step up asset sales this year. Spains economic continues to pick up the pace. Good news in germany where the jobless numbers fall faster than expected. And hanging up on hand sets, google gets out of the business of making smartphones, selling its money, using the motorola unit to lenovo for nearly 3 billion. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A very good morning to you. We concluded the feds last meeting. Ben bernanke as expected was a 10 billion taper once again. And not a huge amount of deception from the fomc. Equities following asia and the u. S. Lower, the dow down 189 points. Down to lows we havent seen since november 7th. The s p down to december 9th lows. Its a huge number of individual stocks to look at. How does that translate into the indices . The ftse 100 was down some 28 points. Its down another 28 points today. Xetra dax off 0. 4 . The cac 40 of
Particular reason. And people panic. Simply because they figure those future shares must know something. And that what happened today with the dow down and then rallying as the dow dropped 150 points and the nasdaq dropped. 47 . Im on a mission to have you buy low and not sell low. Like today, other than they saw red ink. There is no reason the market is going to go down. You will always get a better time to sell, if you wait for it. Including today when core indexes came back. Unless something negative happen this is weekend, i suspect well open up and maybe big on monday. Courtesy of the guys in the futures pit. Just as i said, buy the 200 point decline on the dow on days like today and if we open up on monday, and you wont have mad money to kick around, if we open up big on monday, i think well have a chance to buy lower. Dont chase. It is a fools game. Ive spent time analyzing opening and closes and it drives me crazy that people freak out on a random friday or the dramatically ove
Nasdaq dropping 1. 7 , but it was a better day for the social, mobile and cloud stocks, namely facebook and google and because the gains came so fast and furious today, we should waste no time and get right into them. Lets take facebook after last nights report. Simple fact of facebook is that its the Fastest Growing big capitalization stock of america because it is surfing the Fastest Growing theme of america. Social, mobile the cloud. This is a company that owns the young person demographic all over the world with a product that works best when youre on the go. Facebook is the modern way. Other than google, for advertisers to connect with potential buyers. It puts an end to that old song, 50 of advertising works, i just wish i knew which. At facebook, it is 100 of the advertising that works, which is why this Company Might be the greatest advertising vehicle of all time. It can be used for branding, direct marketing, local and national through a preselected audience that wants the pr
Today at its lows. Look at the intraday movement. Down more than 200 points this morning. Then back. Volatility, kel, we talked about it yesterday, is back and back in a big way. Thats right. The vix above 17. Thats one gauge of whats happening. Plenty of people are going to be trying to figure out whether whats happened in january stays in january or means anything for the rest of the year. How about the nasdaq . The nasdaq actually a short time ago went positive. Yes. And it was down 1. 5 . It was an ugly trading session to start things off. Overnight we had again, some movements on emerging market currencies. A lot of focus on the yen. Its the new year in china, so that concern has gone away for the time being, but at 8 00 p. M. Tonight, just a couple hours, well get more data, an update on how the worlds second biggest economy is doing. An hour to go in the month and literally anything can happen in that time. Joining us diane garnic steve east chris burtleson, rob morgan from fulc
Good evening, everyone. Im larry kudlow. This is the kudlow report. Were live here at 7 00 p. M. Eastern and 4 00 p. M. Pacific. Stocks had a good rebound today. S p 500 rose 20. The u. S. Economy about 3. 2 in the fourth quarter. About 3. 5 for the second half of the year. Its got some momentum. Lets see if our guests have any momentum. Lets get right to the big market panel. Good news is good news. Joining me, cnbc contributor dan greenhouse, global strategist. Jeff killberg here in new york, kenny with the neil securities. I cant wait to get to him. And cnbcs own seema mody. Seema, before i go to my pal for his throw away pessimistic card, can you tell me what happened today . Clearly a lot of i htraders ready to buy the dip. It was one of the sectors hit hard by the recent selloff. Second is better than expected earnings from the likes of facebook and google. Within health care, its pharmaceutical companies. On the flip side, the u. S. Dollar continues to see the flight to safety.