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Kate . I would agree, brian. Whatever you think about his love of leverage on a personal front and on the corporate, or his alleged legal transgressions, and clearly some of the stuff has not been proven, he was a visionnary. He started chesapeake with tom ware basically from scratch. They had an amount of money in the tens of thousands. It was not a lot of money. He was known for having an eye for drill sites, right . For drying or leasing land that was going to prove valuable, and he built the company into an impressive place. I visited with him there in 2010, and sat down for like an hour. He was employing thousands of people, bringing business to Oklahoma City. He had several restaurants. I know, michelle youve been to one or more of them, right . Right. He had bought a big plot of land decided there was an old gasoline situation, an eyesore on route 66. As part of redeveloping route 66, he was going to put in the nicest gas st ....
Going from here. Opportunity in the rubble. We have an Energy Analyst who says there are stocks to buy in that sector if you have the stomach for it. He will tell you what they are coming up in a little while. Plus Venture Capital allstar jim breyer, he will join us live to give us his take on the current tech environment. But we begin with todays commodities swings, Jackie Deangelis is covering the action at the nymex, bob pisani is on the floor here at the New York Stock Exchange. First we tee it up with jackie. Jackie d. Good afternoon. Tea it up, you sure did. Oil prices bouncing between positive and negative territory today. We did close in the red, 37. 51 is where wti ended. I think that tells you where the sentiment was at the end of the day. Amid ....
Too. Weve got someone who says its time to start buying names in the energy space and he will tell you where. And with the potential recovery in commodities on the horizon, is the junk bond scare already a thing of the past . We were just getting used to this thing. Weve got a top high yield strategist to give us his take. Weve got the latest details on the frenemy relationship developing between amazon and ups. Thats an interesting story there thats ongoing. Lets start with nike. The shares making quite the reversal. The Company Reported solid numbers for the quarter last night. Pleasing investors, taking the stock to alltime highs. Joining us now is oliver. We were talking last night about whether it would break out above the 134 level. Today it cant even hold that. What do you think is going on here . I think its a matter of managing expectations. Investors got really ahead of themselves. Great quarter once again. Just about ....
That stock soaring today after meeting expectations on earnings. This company now has a higher multiple, higher market capitalization than wall administrator. Probably higher multiple, too. Yeah. Im sure it does, as a matter of fact. But is it justified . Well talk about that coming up, as well. Heres the markets right now. Final hour of trade on this mid ferm tuesday and the dow slightly higher after spending the morning in the red. Higher by 22 points or so. The s p though is negative off by about 5 and the nasdaq off by about 14 and talking about whats off today, bill, may have something to do with the midterms and a question to explore. The price of oil as you mentioned. Fouryear low for wti which well get to here and the closing bell exchange. Mark spellman joining us here at the new york stock exchange. Amy wu is with us. John manly. Kenny pulcari and our own rick santelli. Why isnt the low on oil putting more downward pressure on the stock market hand it has . Im on the opposite ....