Retailers seemingly turning things around. Best buy and williamssonoma reporting better than expected results. Keurig Green Mountain. Sell force. Com despite better than expected earnings. We have exciting news. High octane analysis once reserved for elite investors willing to pay armies brought to you through cnbc. Announcing a strategic investment with kensho using the cloud to bring Historical Context front and center. Ceo and cofounder Daniel Nadler will join us live to show you how it works. It will be interesting to see what they bring on to the set. You can get complicated questions answered within seconds, apparently. We look forward to that later in the show. First up, a pair of retailers up sharply. Best buy reporting better than expected Third Quarter results. Comps up, too. Sales trends going into the Holiday Quarter are what they call encouraging. Williamssonoma beating the street with its Third Quarter results helped by improved online sales. Both stocks up 4. 7 . I like
That. But bias for the last half hour or so has been to the downside slightly, but that could change as we go into the hour. And also our own jim cramer is worried. He will join us here in a couple minutes to tell us why he doesnt like some of the patterns hes seeing across the stock market, and it is changing how hes investing. Find out to see what hes doing and why. Also, in arizona this new law that would allow businesses to deny service to gay people may never be signed by the governor because Big Companies are now speaking out against this law. Sending letters to governor brewer. One of those companies is pushing back against the law and will join us on the closing bell today. Lets take stock of markets here. We are seeing small declines across all the major indexes. The dow off 20 points. The nasdaq off 5. The s p 500 off 1. As mentioned yesterday at this hour, it looked like wed be closing at new highs. Well see how the final hour of trade pans out right now. All right. Lets bri
Points, the s p 500 took a breather and slipped by a fraction. The blue chip dow is just points away from a new milestone of 17,000. And s p 2,000 is also pretty close. The nasdaq adding nearly two points, but these puny gains and losses are a far cry from the summer tradition of dramatic reca rallies. Our guest tonight says the slow growth grind in stocks is also a good thing. So jim, tell us why that slow and steady like a tortoise is actually a good thing for the market. Well, i think, susie, that it does not as long as it goes up slowly, it doesnt bring out the worst investment behaviors. I think if it starts to run people panic. They start to chase it and start to make decisions too quickly and too aggressively to not miss out. And i think in a slower moving market it lends itself to greater rationality which makes the market more selfsustaining. So far that is kind of what weve got and i think it probably has further to go. Were probably going to see a little the irrational movem
Points, the s p 500 took a breather and slipped by a fraction. The blue chip dow is just points away from a new milestone of 17,000. And s p 2,000 is also pretty close. The nasdaq adding nearly two points, but these puny gains and losses are a far cry from the summer tradition of dramatic reca rallies. Our guest tonight says the slow growth grind in stocks is also a good thing. So jim, tell us why that slow and steady like a tortoise is actually a good thing for the market. Well, i think, susie, that it does not as long as it goes up slowly, it doesnt bring out the worst investment behaviors. I think if it starts to run people panic. They start to chase it and start to make decisions too quickly and too aggressively to not miss out. And i think in a slower moving market it lends itself to greater rationality which makes the market more selfsustaining. So far that is kind of what weve got and i think it probably has further to go. Were probably going to see a little the irrational movem
Points, the s p 500 took a breather and slipped by a fraction. The blue chip dow is just points away from a new milestone of 17,000. And s p 2,000 is also pretty close. The nasdaq adding nearly two points, but these puny gains and losses are a far cry from the summer tradition of dramatic reca rallies. Our guest tonight says the slow growth grind in stocks is also a good thing. So jim, tell us why that slow and steady like a tortoise is actually a good thing for the market. Well, i think, susie, that it does not as long as it goes up slowly, it doesnt bring out the worst investment behaviors. I think if it starts to run people panic. They start to chase it and start to make decisions too quickly and too aggressively to not miss out. And i think in a slower moving market it lends itself to greater rationality which makes the market more selfsustaining. So far that is kind of what weve got and i think it probably has further to go. Were probably going to see a little the irrational movem