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Firms that might be now in the crosshairs. The stunning market rally continues right now. The scorecard, s p 500 up some 24 yearoveryear. Right to the floor show. The cme group, the nymex and the new york stock exchange. First, we really should talk about whats going on with Nicole Petallides and the transports. Once again we see another record high. Yeah. Its worth taking a look at the transports. When we see a record high on this particular group, the truckers, the shippers, airlines, railroads, they really are a great economic indicator, and youre seeing some of those names moving to the upside and look at the transportation index up about 1 as we noted. Yep, indeed. And chris at the cme, i know you watch those transports, but what does it say when you have everyone frommedrailroads to airlines and Companies Like ups and fedex and the entire market itself which again co ....
Tomorrows jobs report may be very disappointing. All those stories and much more coming up on the kudlow report begins right now. Good evening. Im larry kudlow. Were live here at 7 00 p. M. Eastern, 4 00 p. M. Pacific. First up, the big ipo wall street was waiting for. The rest of the market sold off. Seema mody with all the key details. Good evening. Good evening. Thats right, we saw 152 point drop for the dow, the s p 500 had its worst day since august 27th. And the nasdaq hit a one month low. Tomorrow we do get that allimportant october jobs report. But despite the bad day on wall street, twitter shares saw a whole lot of up side. The stock soaring on its first day as a Public Company closing up by 72 or 73 . Twitter does have 230 million monthly active users. A strong presence in the u. S. And as well as overseas. But its Competitive Edge is the worry. Lastly, its lack ....
Year. 2. 72. Thats the latest temperature after the gdp report, after payrolls, moving toward 2. 75 will be the trend today. Over in europe, s p overnight cutting frances Credit Rating one notch to aa. Thats having a little bit of an effect on the euro, which is around seven week lows against the dollars. Markets yesterday not getting much of a bid from the ecb rate cut there or here. Our road map this morning begins with the jobs report. Nonfarm payrolls and august figures revised higher. And twitter taking a pause in premarket trading after soaring 73 in its debut. An important read, mcdonalds with sales growth. Gap stores issuing better than expected guidance. Disney Fourth Quarter results beating the street but operating income from its Cable Network fell 7 . That and now youll have to wait a little bit longer for the ....
Earlier in the show, we asked you to weigh in on the jc penney debate and decide whether the bear or bull won. We tallied the results, and you said i dont think im surprised. Steve weiss, made the better argument, weiss . I think we have a very intelligent audience. Victory lap. I had to give you a victory thing there. Pete . Trm, this is going higher. Doc . Shipping. Chrw. A lot of buying of may 60 calls. Stock correcting more than 10 . Bought citi yesterday and more this morning. Tesla. Among the june 40 calls, unfairly beaten up. Tweet me. That does it for us. Can you see more fast at 5 00 tonight. Big snap back. Dow marching towards all time closing highs. Right now up 130 points and power starts now. It is 1 00 in the east. Welcome, everybody. On wall street we have several breaking stories to tell you about. Big news on apple and price line today. Apples Shareholders Meeting and a day after a big report on priceline. W ....
Maybe buying s ps is not that crazy. Bobs all for it. Do you want to run the dow up to 30,000 . 100,000. 100,000 . Performance would be phenomenal, right . And wed all be rich. The japanese have the equities, reits, they bought a whole bunch of investments. Why are you such a stick in the mud . I guess im a traditionalist. Look at the wealth creation. Yeah. Ill leave it to bob to thank you. It might not work, bob. Weve got to get back to the real economy. Weve had too Many Companies report better than expected earnings, revenues that have been this much better, and give negative forward guidance. Thats got to turn. We complained of a lot of things. We havent put the earnings on the table. In the meantime, weve got low inflation and a Global Economy thats growing moderately, and Central Banks that are, back to your point, ....