Seemingly more stable usa. But on greece markets now well off their lows. Mary thompson what are people saying down there . While we are off the lows as you pointed out, dont get too excited and think that were past the worst of it we are not. The dow was down 166 points at the worse www. Point. Right now were down about 30. Vix which popped up 10 at the open is now only fractionally higher after pulling back. This that is a fear index we watch here at the new york stock exchange. The story remains the same. We are seeing a bid in gold a bid in the dollar and were seeing a bid in bonds today. Again, the concerns about greece continue to be at the forefront of traders minds but again they are waiting to see what happens tomorrow and throughout the rest of the week. China is also a concern and weighing on the markets. You can see that reflected in some of the weakness we are seeing in the Energy Sector down on concerns about a couple of things. Of course we had a higher rig count here in
Than the ipad. And about 48 hours to go until cnbc hosts the next republican president ial debate live in colorado. Where do the candidates stand on the legalization of marijuana . And what does the booming industry want to hear from them . Well speak with the ceo of one of the biggest pot dispensaries in the nation. We do begin though with the crisis engulfing one of the Biggest Pharmaceutical Companies around. Yes, were talking about valeant and top brass is meteding with analysts today to discuss its about practices after questions were raised by a short selling Research Firm. The stock recovering from big losses earlier. Its only down by half a percent. Lets get more with meg terrell with the latest. It was really valeants moment of truth this morning. Feedback from analysts at least initially has been cautiously positive. The stock recovering from being down 14 premarket to actually briefly turning green today after the Conference Call, now just down a little less than 1 . The mai
Market when oil prices are moving lower hello and at the time that was often said, listen this is the wrong interpretation. Today we have Higher Oil Prices and a lower stock market. Well take a closer look at what was a formerly red hot group that has recently gone in the tank. Were talking about the utilities. Those supposedly safe stocks just about in bear market territory now, and if you watch this show and you read cnbc. Com you knew that the fall the decline, was coming. Well show you why and see if theres stocks are going to bounce back or just keep heading lower. This is key to watch for the entire rates discussion hovering over this market. Were also joined today by Robert Johnson, founder of the black Entertainment Network and the nations first africanamerican billaire. The hit tv show empire has a story line that seems to closely track real life events for johnson. Well ask him about that, plus his take on Net Neutrality and the income inequality debate. Plus a historic case
But is president obama really setting up the Insurance Companies for all the blame . And stocks sell off once again. Another 100plus point drop for the dow. Strong retail sales, and the expected nomination of the mensch of the hawks, Stanley Fisher to the fed may be convincing investors that tighter money is on the way. All those stories and more coming up in the kudlow report beginning right now. 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, and we are loaded with news. We start with breaking news on the budget deal. The house votes to pass the bill and sends it over to the senate. Eamon javers in washington with all the details. Good evening. Good evening, larry. In the end it was an overwhelming vote of 332 to 94 to support the budget deal in the house. Thats going to send it over to the senate. The expectations are now that this budget deal will pass. Just 62 republicans oppose the deal, and only 32