Energy actually is the Leadership Group with oil touching that fiveyear low and then getting a little bit of a bounce and energy names with it. Lets talk about the markets. Joining us now is dani hughes and kenny pulcari, diane gartnick and our own rick santelli. Dani, what do you make of todays move . It occurred to me months now we have one story of the stock market. Its great. Commodity and bond market tells us theres manager to worry about. What does today tell you about where we come down on the question . We dont know. We have seen the market fall off dramatically today and come back dramatically, as well. The underlying issue of oil and oil prices is big one and you see the dichotomy, as well. Consumers are benefitting and you see housing prices rising, as well, so they have a lot of juice in that and then the job recovery, as well. But then you see Oil Producers getting hit very hard and the concern about the price of oil and domestic Oil Producers and how to make money going f
Grant, coming up get their way on the economy and what the fed will do about it. A lot of hot earnings stories keeping us busy as well. Gopro up almost 13 on the news that the company is breaking into the reality space and the debate on whether its too late to buy the stock. If you were with us yesterday, it was in this hour that twitters earnings were inadvertently released an hour early, causing quite a frenzy here on the floor of the new york stock exchange. Good old price discovery by human beings on the floor. There it was. Glenn getting the stock open again. It sank at that time and its sinking again today big time. How do you make sure Something Like that early Earnings Release doesnt happen again . One of our guests has a few ideas on that coming up. Digesting all of this news the dow is down about 46 points or a quarter of 1 . About the same magnitude for the s p, giving up 4 to 2,110. The nasdaq off 17 points 5,038 is the level there. Well have a quick look as well as some of
The dollar is stronger. Gold is down sharply. All the markets telling the same story. And there are plenty of investors talking, joking perhaps about the property that they are looking at in greece in italy, across europe because if you want to theres the euro dollar today up another 1. 5 . The low 10. 09. 109 1. 09. Extraordinary to remember a couple years ago when it was at 1. 40. That will have a huge impact on their economy and on ours as well. Book your vacations to europe. Europe is on sale this summer. With just an hour to go before the close, a steep selloff. The dow is off almost 300 points. Off 277 this hour. It brings it to 17,861. The nasdaq is off 56. 4,926 for that index today. Here we go. Time for our closing bell exchange. Dorothy weaver of Collins Capital is with us today. Formerly of the board of the Federal Reserve bank of atlantas miami branch. Jeffrey cleveland from payton and regal. Our even Steve Liesman and Rick Santelli santelli. Steve, Pay Attention here. Are
Assessment. And of course, there were a lot of practices in connection with mortgage lending that really need to be changed. We dont want to go back to those days, but it is important to clarify for us, to work to clarify the rules around mortgage lending to create an environment of greater certainty for lenders to be willing to extend mortgage credit. Good afternoon. Jason lang with reuters. Chairman yellen, the fed has slashed its growth projections for this year, and youve gone to pains to explain that there is uncertainty in the path of Interest Rates and the economy. And yet, the feds central tendency projections for 2015 and 2016 remain quite strong. Are you confident that the u. S. Economy has entered a period of sustained, abovetrend Economic Growth . Thank you. Well, when you say confident, i suppose the answer is no, because there is uncertainty, but i think there are many good reasons why we should see a period of sustained growth in excess of the economys potential. We have
Of opening this up and it goes on forever. Neil we are told delayed but not denied. Can you imagine being Brett Kavanaugh about now . Welcome, everybody, ill neil cavuto and this is your world. What a fast moving world at that. Indications today that the vote for Brett Kavanaugh to be the next Supreme Court justice of the United States that cleared a Key Committee vote today is going to be delayed up to a week for an fbi investigation into these allegations. Were told now just not in the case that he was getting from one accuser but up to three accusers. We are getting a little more detail from the Senate Judiciary committee saying right now that it has gone ahead and requested the administration instruct the fbi to conduct a supplemental fbi Background Investigation with respect to the nomination of justice Brett Kavanaugh to be an associate justice on the Supreme Court. That this investigation would be limited to current credible allegations against the nominee and must be completed