The dow up 75 points. The nasdaq up by 28. Weve got a couple big stories that were watching this morning. San francisco fed president John Williams said last weeks fed decision to hold rates steady was in his words, a close call. Increased concern about the Global Economy in the Financial System led policy makers to wait on a hike. We will see how long that wait lasts. Jim bullard awaits and says its too influenced. President bullard will be joining us right here in studio for two hours this morning starting at 7 00 eastern. Weve got a lot of questions for him. We should tell you this news and does. There was one dissenting vote but bullard was not a voting membership. Anybody who says this is a fed that is unanimous or united in this is going to hear a little bit of a different story today. I kind of wish he you know, i kind of wish it wasnt preaching to the choir. I feel like arguing with someone. Talking to him, you know, well probably get some agreement. It will be like, dont, you
Apple hacked in china. This time the app store. Apple says it is working to address that problem. And as alibaba marks one year as a public company, the final lock up on share selling expires. Will the stock see more pressure today . Stocks poised to open sharply higher, looking to recoup losses from fridays selloff which did include a 290point drop on the dow. There continues to be buzz over the feds decision to stay pat on Interest Rates. Earlier this morning, st. Louis fed president jim bullard who didnt have a vote at last weeks meeting said he would have dissented, then he said this i have a message for your friend cramer, the fed cannot permanently raise stock prices. Hes one of the great people at looking at businesses, how good is this business, whats the profitability of the business, whats this thing worth. And, you know to have him cheerleading for low rates 24 hours a day is, i think, unsavory. Also said a number of other things, guys. Larry somers should know better there
Like none other. Down 7 in the premarket. Cisco going in the opposite direction. John chambers reaction in a moment. Expedia buying the rival orbitz. Both stocks are spiking higher. But first up shares of tesla down sharply after a quarter operating loss of revenues also missed. They say weather, shipping problems affecting deliveryiesdeliveries. Tesla ceo elon musk said hes optimistic business will improve in china. I have confidence that by the end of the year well be in really good shape in china. Im pretty optimistic about it. I dont think theres some sort of unique missing fissure there. Earnings revenue, margin expenses cap x, cash flow and then your comparison for them today is no good. Yeah. The 40th anniversary of the saturday night live and the Conference Call needs to be included in the spoof of how we do business on wall street. A favorite line and customers vacationing, only their customers vacationed and no one elses but the financial this is funny. Our financials are bet
Announcing that russia and ukraine agreed to a ceasefire starting on sunday. Leaders agreeing to with draw heavy weapons from the Eastern Ukraine region. Thats the area between ukrainian and prorussian separatists. The rouble was moving higher and that would be understandable. Higher than more than. 5 . At the bottom we show you the dollar so it had been steadily weakening against the dollar over the last year but strengthening at this point. Lets show you the russian index. This is the rts. Its higher by more than 4 and the major european stock markets right now, across the board they should be higher. Germany is higher by more than 1. 5 . Right now the dow would open higher by more than 12 and nasdaq by more than 30. Much more on this developing story and Market Reaction coming up in just a few minutes. For a few other big stories were watching at this hour, greece unable to finalize a deal within the European Union but the greek finance minister says talks to overhaul the countries