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Business confidence there down for the first time in five months. Our roadmap begins with the nasdaq looking to turn around a second consecutive slide in biotechs, deterioration in what some of these momentum stocks we say. Cloud storage firm box planning to raise over 250 million in an ipo and list under the ticker box. Reports that manager knew of the gm ignition problems prior to the launch of the cobalt and withheld some vehicle data. First up the nasdaq hoping to rebound the morning after the selloff which saw the index closing at 5 1 2 week lows and biotechs took a hit and tesla and netflix. We talked about it yesterday, and wonder if this is a longerterm dynamic in terms of leadership. I think that gilead comeback yesterday was significant but a lot of the others didnt. You know, were going to be talking about box filing and i look at that offering and i say or drop box, too, i say, these are the kind of companies that are putting a lot of pressure on the rest of the companies. ....
Well. Well get to that in a moment. Two exclusives with two heavyweights the street widely follows. Nouriel roubini joining us. Hes about to turn bullish on some emerging markets. And jim grant from the grant Interest Rate observer. He has his own unique take on the message the fed is taking about when raids will rise and some opportunities on Global Markets. I cannot wait to hear jim grants take on Janet YellensNews Conference last week. Thats pay per view material right there. Speaking of pay per view, nba mega star kobe bryant just invested millions of his own dollars in a new sports drink. Kobe will join us live in just a little while, get his take on that. Plus, well talk about phil jackson joining his rival the new york knicks. Thats coming up on the closing b ....
Babies to tell you about. Gm hit with a big fine over the handling of its ignition recall debacle. Well discuss the road ahead for the automaker. Cnbc brings you inside the crisis. Youll hear from a gm automobile owner whose car was defective. She will tell you what it was like to experience that dramatic shutdown while driving. First, though, to sue right here at kr6789 nbc headquarters. The stock market a bit calmer after the big selloff. Dow jones industrial average off about 17 points, nasdaq off about 14 points, the s p is down less than a tenth of a percent. The yield is stubbornly right at 2. 5 , so lets get more on the trading action. Bob pisani joins me from the nyse floor. Bob, certainly a bit calmer as we go into the weekend. Calmer, but still things i want to show you, for some of the big regional banks lower interest rates, want a steeper yield curve, but generally lower rates not helpful. All notably weaker for the. Thats been a major problem. Financials are the big weak ....
The 17,000 mark, we should add. Pressure across the other indexes as well. The s p 500 up almost 10 points to 1,978 aramafteramaicing new this week. And remember, amazon is about 13 of the nasdaq 100. Lets get more on what was wrong with visa and its responsibility for a lot of the dows decline today. Heres Mary Thompson with that story. Mary . Hey, there, bill. Visa is off the lows of the session, but the Payments Processing giants stock is the biggest loser among the dow 30, this after the company lowered its revenue forecast for the full year. The strong dollar and decline in crossborder payments revenue, payments made in one country and used in another, behind the lowered outlook. The crossborder business impacted by unrest in the ukraine and rising political tensions with russia. Heres cfo Byron Pollitt on yester ....