Ways to support crude prices. We have more from the oil pits coming up. You have stocks going one way and oil going another. Unusual move. New report in the last hour says that disney has hired an adviser to explore a potential twitter bid. We had the latest details on that story for you. A faceoff that has been months in the making. We are live with the latest developments and results of a new poll. Lets start with the financials under pressure today. Dominic chu in the role of bob pisani today tracking the action. What we have right here is a situation where the banks are front and center for many traders. You look at financials and they are among worst performing sector so far today. The banks are ones to focus on here. If you look intraday we are hovering just near the worse levels of the session. Again, we will watch financials very closely. One reason why is because you take a look at laggards within the financial group. You have likes of Morgan Stanley and bank of america. You l
The snow. All made it through the snow. All very happy to be here in sunny florida, albeit a little bit windy. Heres what we have planned for you tonight. Looking to buy an etf, kevin oleary shark tanks mr. Wonderful, says theres three things you need to lock at before you do. Hell explain what they are when he joins us in a few and the words of wall street, jeffrey gunlock speaking here and unleashing a very bold warning about the state of the markets. Well hear from him in his own words. First, we start off with the markets, of course, and were going to start not with crude itself but with the sector thats moving the most off of oils decline and that is the financials. In fact, if you didnt check this out today, check it out now. Shares of bank of america hitting its lowest level since july of 2013. Citigroup touching a threeyear low itself and Deutsche Bank, a name weve talked about a lot in this show. That stock hit an alltime lot and are banks telling us that the banks are about t
It was for a moment. Ital ital italys Coalition Looks Like it will survive and the ecb standing pat with Interest Rates. Adp, because of the shutdown, the the only number were expected to get this week comes in under expectations. And george soros making a claim that the euro crisis is over but the European Union may not survive. And what is microsoft without bill gates . Some investors are pushing for gates to be removed from the board. And the three major ipos, brands that you know, well bring you the first trades as soon as they open. First up, futures moving lower on day two of the Government Shutdown, this on which data from adp shows private sector added 166,000 jobs last month, below expectations. The numbers taking on more significance as fridays release of the jobs numbers has been hindered by the showdown. The president hosts 19 ceos at the without today, center stage is jamie dimon and, jim, heres how the papers are playing the shutdown. Heres the journal, capitol digs in fo
Well ask john calamos. He has an interesting take on stocks you definitely want to stay tuned for. Holidays are a huge time of year for our consumerbased economy. President of American Express ed gilligan will join us. Is he worried about the timing of that terrible storm making its way across the nation . Well ask him that and plenty more. A lot of people are worried about that. How about walmart trading higher today, even though some are worried about the timing of the announcement of a new ceo. Much faster than many people had expected. If thats a sign of trouble ahead for the giant retailer and what do we make of doug mcmillans age . Hes only 47. Youngest walmart ceo since founder sam walton. Stay with us for that story as well. Lets take a check of markets. Dow is up about 30 point, not a huge move. As we continue to find new levels, new record perhaps. The nasdaq, look at that. Back and forth across the line, psychological important if nothing else. The s p, caterpillar adding to
Its 30 below normal, but we continue to inch ever higher toward 17,000 on the dow. I think for me, the story is really about what an historic year and historic rally this has been for stocks since the 2009 lowin lows. The world looks better where we created 3 or for 4 trillion, the fifth best rally in terms of a bull market. If it keeps going next year, it will keep getting more impressive. Thats very different from what people had anticipated. Were going to keep an eye on that as we move into 2014. We have people expecting some corrections coming up very soon. Yes, they are. Its also, by the way, a time to focus on the housing sector in particular. Even as were talking about what a great year its been for the market, take a look at this bar chart. Its the 30year rate for the last 12 months. If you notice the trend, its clearly upward. What happens if this continues into 2014. Will Housing Markets stay hot. If not, what will that mean to the overall market . Thats one example right the