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That Summer Vacation today, youre losing money, particularly if you are a tech investor. On this first trading day of august, the nasdaq aiming for its 29th record close of the year as tech giants from apple, like we were talking about, to microsoft and a whole host of other names, lead markets higher. We have the nasdaq up 176 points right now. Dow is up 274. Youve got to watch microsoft in this final hour. It is hitting a record high after confirming charlie gasparinos report that the og Software King is indeed in talks to rescue viral video platform tiktok from President Trumps threats to ban the chineseowned favorite of dancing teen agers. Of all the chinese apps, why ban this one . Charlie breaks it in just moments. And if the president does ban tiktok, will that be a shot across the bow aimed at china . We have te ....
Somehow we didnt get with some tit title wave of selling including me i thought it would be bad the sure of congress or trumps tweets, that often seem out of step with folks like washington, jefferson, lincoln today three of our more president ial president s. Here we are after one more whole hum day after we hit multi entry level highs. Nasdaq tacking on, its worth noting we did make it out of here unscaved. Why . Why was i so concerned because historically septembers the worst year for the market. Since 1928 the s p had climbed to 1. 14 since september this year up 1. 1 . Septembers different, its a month i feared every since i got in the business, thats because of the not because of the big picture in history but from my personal history when you run a Hedge Fund Like i do, discipline says you should sell everything, lock in your performance, lock in the term and only day trade for the rest of the year. I did it many times in ....
Permanent ceo. Glencore, stops are dropping. We are waiting on Sales Numbers from ford and gm. With he will bring them to you as they break. First up, futures on the rise as we enter the first trading day of the Fourth Quarter ahead of tomorrows key jobs number. Jobless claims up more than expected, up 10,000. That fourweek moving average did fall slightly as they look to move on from what was the worst quarter of stocks in four years. The biggest loser was the dow. At nearly 7. 6 drop. We know, guys, the s p didnt fair much better. Down, 6. 9. Nasdaq, down 7. 4. Everyone talking about october. It has been pointed out today, the past five octobers, only one has been down. The ones that have gone up have been to the tune of 4 , 11 , 3. 7 back in 2010. The classic thing is to say it is difficult to get upside leverage in the first half of october. If you look at what we have exp ....
Nasdaq at 4,612. Trouble in russia. Russian stocks getting slammed. The ruble falling versus the dollar yet again. What is putins next move . Could there be another Russian Revolution . The former u. S. Ambassador to moscow will be with us. Oil shocker, which is at the root of russias trouble. Are we near a bottom. It was lower earlier. It rallied back just a bit right now. To sue at the nyse. And stocks are on a tear this hour despite fears about russia and its collapse in currency. Come on in, bob pisani. You and i both said it the same time a couple of seconds ago this is one of the weirdest days that i can remember in a long time. Screwy is the way i would describe it. Volatility has been amazing today. The market cant describe what it wants to do. It is volatile. We have the oil up and down. It doesnt know where it is going. We have uncertainty with russia. We have a meeting. Traditionally the markets are up the day befor ....
Session lows. Down to 2. 5 . Scarlet fu joining us that our breaking news desk. Street smart to update you on the breaking news, comcast planning to drop the Time Warner Cable deal. Said to plan an announcement as soon as friday. Stock is down as much as 2. 5 percent. Scarlet fu joining us at the breaking news desk with more on this startling announcement. Scarlet startling announcement but perhaps not so surprising. The sec has now joined the leaders at the Justice Department in opposing this Time Warner Cable deal. This Time Warner Cable purchase. There is a lot of deals in its wake including at t for directv as well. Now this would threaten composition and innovation and should be resolved or at least addressed in an administrative hearing. Comcast s ....