that s the former speaker of the house. nancy pelosi called tim cook for meeting with current speaker of the house paul ryan. is apple running theisk of offending everyone? a special report. first, today s massive move in stocks. stocks erased all of yesterday s loss. the dow, s&p and nasdaq having their best day in four months. here s the interesting thing. bond markets and gold barely budging. when you couple that with the earnings, was today just a sucker s rally. guys? i don t think it s a sucker s rally. i think it s people have been burned try to play the market from the short side. so many times. when they saw sa blow out like it did, there s no way i m going to beat and watch the market rip another 60 in the s&p again. so, i think that s what happened yesterday. why i think you saw the bond get sold off. i think that s what happened today. is it a sucker s rally? i think 20.25, it s imperative it closes above that this thursday. why thursday? june 30th, the close be
people can t resist the lure of fang. they just can t stay away from my acronym for facebook, amazon, netflix, and google. now, alphabet. there s a simple reason for that. growth. they ve got it. others don t. no matter what. and that s why f.a.n.g. led the charge today. when we look back at what this moment is about, when we search for the ultimate brexit-related worry, it s a recession. the slowdown and uncertainty that this vote triggered turned out to be broader than the united kingdom. not able to separate one country s economy from another at least when it comes to stocks. everything s impacted whether or not it makes sense because stocks trade in baskets, the s&p futures as well as the myriad of etfs out there and the baskets have no rationality to speak of. the same way that a terrorist attack like in istanbul this evening could have ramifications. cnbc will have a special report coming up right after the show. some stocks can get up on their own two feet a lot faster
in russia, though, the benchmark micex index fell by more than 3% at the open. right now, it s down by just over 2.3%. the u.s. futures at this point are hanging in there. they re showing a slight rebound after yesterday s sell-off in wall street. you saw that decline when the dow was down by 230 points. also saw the s&p and the nasdaq down significantly. we will have a deeper market discussion with our panel in just a few minutes, plus a live report from kiev. secretary of state john kerry gets ready to meet with his russian counterpart in london. coming up at the bottom of the hour, michelle caruso sa brar ra caught up with ukraine s prime minister who was here. there was a question that he wouldn t answer. in fact, he walked away from the camera. that s coming up at 6:30. about bitcoin? no, not just bitcoin. it wasn t whether he was the that was the guy that we pegged as the person that looked like no, that was not the question. because andrew said the guy
the crimean referendum, of course, is this weekend. the roadmap begins with continuing global concerns led by china and ukraine. have the markets looking at a modestly higher open this after the major averages logged their worst day since february 3 period. general motors is firing back that air bag failure in recalled vehicles resulted in more than 300 deaths. target admitting it did not take immediate action after security software originally alerted the company to malicious activity after the data breach. and mark zuckerberg calls president obama to complain about the government s surveillance programs. first up, though, thursday, the 13, was bad luck for the bulls as worries about a slowdown in china and rising tension between ukraine and russia helped spark a market selloff. all 30 components finishing in the red. and the s&p has fallen to negative territory for the year and the nasdaq posting a decline for the fifth time in six sessions. the s&p has only had a y
s&p coming in 1.44%. nasdaq falling 0.88%. there were positive signs that were constructive enough to merit a positive construction. in the interest of explaining the prevailing pain, let s talk about what made things hideous to begin with. the stock price has been holding to the expectation as to what people thought companies would earn or thought they would say. it is about having your stock chob b clobbered. companies go higher. i m asking. what happened if you have a company that has super duber i love you, you love me expectations and it fails and fails spectacularly? sell sell sell sell sell sell sell sell. then you get the curious case of dupont. if missing earnings were an art form. dupont quarter would be a picasso. if it weren t for the lock out i would indeed throw the stanley cup. i would be giving this a high dive belly flop. dupont has noxious earnings emissions. they announce the hard results giving you a heads up. it was meonu ment sl. when a company is abou