Those comments coming up throughout the show. Silicon valley star aaron levie talking about why he is supporting Hillary Clinton, whether his company could be a takeover target. We are continuing to follow Hurricane Matthew causing devastating damage in haiti. We will take you live to florida and georgia to look at how businesses are preparing to weather the storm. Lets look at other industrials getting hammered. Bob pisani tracking the action here on the floor of the exchange. Honeywell is one of the main reasons that the overall market is weak down 8 . We have a Big Industrial like that down 8 on very big volume it weighs on the rest and has been a weight throughout the day. What is the problem . They lowered the 2016 guidance. It talked specifically about problems in the aero space saying foreign defense made the markets more difficult. They specifically talked about business engine sales hurt by soft energy sales and antiluxury campaign in china. This is the first material warning
Similar to those of the financial crisis less than a decade ago. Then a funny thing happened on the way down, stocks reversed and all started to seem right with the world. Whats next . Reporter so after what started off as one of the worst starts to a year for the stock market in history, were right back to around flat for 2016, give or take a few points. Bulls and bears are feeling pretty good about their respective cases. After dropping 11 , the trend of bouncebacks has continued for the large cap s p 500 index. However, the parts of the market that are leading the way higher leave a lot to be desired. The biggest gains have come from high dividendpaying sectors like Telecom Stocks and utilities. The sectors that investors flock to when theyre worried about the economy. Some are optimistic about the market assuming some big negative factors change course. Remember the biggest negative last year, there were two. Declining oil and the rise in the dollar. Both those things at least for
Similar to those of the financial crisis less than a decade ago. Then a funny thing happened on the way down, stocks reversed and all started to seem right with the world. Whats next . Reporter so after what started off as one of the worst starts to a year for the stock market in history, were right back to around flat for 2016, give or take a few points. Bulls and bears are feeling pretty good about their respective cases. After dropping 11 , the trend of bouncebacks has continued for the large cap s p 500 index. However, the parts of the market that are leading the way higher leave a lot to be desired. The biggest gains have come from high dividendpaying sectors like Telecom Stocks and utilities. The sectors that investors flock to when theyre worried about the economy. Some are optimistic about the market assuming some big negative factors change course. Remember the biggest negative last year, there were two. Declining oil and the rise in the dollar. Both those things at least for
Similar to those of the financial cririsis less than a decade ago. Then a funny thing happened on the way down, stocks reversed and all started to seem right with the world. Whats next . Reporter so after what started off as one of the worst starts to a year for the stock market in history, were right back to around flat for 2016, give or take a few points. Bulls and bears are feeling pretty good about their respective cases. After dropping 11 , the trend of bouncebacks has continued for the large cap s p 500 index. However, the parts of the market that are leading the way higher leave a lot to be desired. The biggest gains have come from high dividendpaying sectors like Telecom Stocks and utilities. The sectors that investors flock to when theyre worried about the economy. Some are optimistic about the market assuming some big negative factors change course. Remember the biggest negative last year, there were two. Declining oil and the rise in the dollar. Both those things at least fo
A new potential revenue stream for twitter. The Company Announcing a new video ard strategy, looks very similar to you tubes. We will discuss whether this could help turn the struggling social network around coming up. Elon musk has harsh words for apple, calling it the tesla graveyard. Yes, his words. Fourown grades for his company this week, is musz k getting scared of increasing competition . We will discuss. Tough week for tesla and elon musk. Lets start with the big moves. Weve been seeing in oil Jackie Deangelis monitoring the activity at the nymex. Good afternoon. A choppy session for oil by all skts, moving back and forth between positive and negative territory. We did close a little higher on the day, 49. 63 our intraday high 50. 92. So several days now making an assault on that 50 range. When will we close over it . Your guess is as good as mine. Having said that is correct the experts are still pointing to the fundamental story. We did see a decline in rig counts but when wi