Almost completely frozen over. We are with the coast guard breaking up the ice trying to deal with a massive Economic Impact. And another big story. A deal in ukraine. Maybe you have heard. This comes on the heels of a huge fist fight breaking out inside Parliament Earlier today. There you see the hubbub in the ukrainian parliament. Protests, government leaders working their way towards a deal. Well see whether it sticks. We will talk to an expert. Outside of parliament in kiev its been of course a bloody week with scores of people dead now after street fighting. Today well ask if the truce can last and see if the deal that was reached simply to keep the cameras away in the closing days of the russian olympics, putins olympics, that are closing up right now. And a look inside Rupert Murdochs brand new bachelor pad. We have the Real Estate Broker who made the deal happen. Sue is off this week. Sara eisen joins me at the nyse. We will check in with her in a few minutes. But we start with
Millionaire lawmakers in congress are getting even richer. An you guess who the richest member of congress is . Think about it. Well tell you later this hour. Sue is off today. Simon hobbs is in at the new york stock exchange. Hi, simon. Hi, tyler. Weve broken the fourday losing streak. It may be low volumes or summer action. Well take a gain of 54 points on the dow. Retailers are a clear focus. Best buy is up. Urban outfitters which trades on the has tanasdaq is helping to that higher. The reits are doing well today. A lot of focus is overseas. With the emerging markets, stocks there taking a beating and the currency selling off sharply because of the concerns of fed tapering and where that will run the currencies and trades. Lets bring in bob and ken. Director of oneal securities and cnbc market analysts. Before we get into the emerging markets, you were worried last night we lost the 50 Day Moving Average on the s p. By regained that. Were hitting our head right on it. Its acting as
And oil slipped 2. 18 in earnings after hours. Shares of Analog Devices fell more than 2 . Even tough the chip maker beat forecasts and tax Software Company intuit earnings met expectations with sales topped estimates. And ready to hit the road. Triple a predicts 34 million americans will travel this labor day weekend. The most since the recession. At the sound of the bell its larry shover of sfg alternatives here to talk about this choppy market. Good morning larry. It feels like we have hit very volatile days here. We have. Its summertime. We have a lack of liquidity, lack of attendance right now. Lets keep in mindwe have three housing numbers coming out. We have pmis, we have the fed speaking. So really the markets just looking for a new impetus to go one way or the other. Not to mention, these retailers reporting in really shake up the market as well. What do you well expect to hear from say target or lowes today on the heels of home depot yesterday . Lets keep in mind yesterday ho
Has been under some pressure down 1. 7 after its Quarterly Report but up volume replacing down volume. It is pretty good and has been noted at the top of the show record day, record alltime intraday high. Dennis thanks very much, oil prices touching their highest level in over a year as stocks soar on new alltime highs, and phil flynn of Price Futures Group in the trading pits of the cme. 108 oil, that really bothers me. The Economic Data supports these levels . It sure seems to today because it seems oil and the stock market have gotten back together. They had decoupled for longtime. Good Economic News was bad for oil but after ben bernanke they seem to be back together again. I dont know if ben brought back together but that is the news. Good Economic News is good Economic News for oil. We saw it in the jobless claims number. That means more gasoline demand. In the philly fed number manufacturing demand, removing things by truck, that is bullish. At least for today they are in tow bu
Put investors in a sour mood. Behind the selling a strong showing in italys elections by groups opposed to economic reform, on top of that, u. S. Equities face a looming friday deadline for massive government budget cuts, known as sequestration. The dow tumbled 216 points, the nasdaq fell nearly 46, and the s p 500 lost 28 points. While theres been much talk of a correction in the stock market, sequestration may not be the catalyst. Suzanne pratt reports. Reporter it is widely accepted on wall street that sequestration is coming. And, with it a new reason for the fragile u. S. Economy to sputter. But, what will the first phase of billions of dollars in federal spending cuts actually do to the u. S. Stock market . After all, major market averages are hovering close to alltime highs, and dont forget investors are finally warming up to equities again. Floor broker art cashin says todays selling was mostly a reaction to italys election, and that the stock market is not yet focused on seque