A turning of the tide, big selloff yesterday of 238 points, asia down big overnight, europe down especially hard this morning and we were down, as you said, 130 until noon thereabouts, the return there. We are seeing plus signs right now for the most part. Lets check the rest of the market here, the s p and the nasdaq. We are getting closer to our boards here, our positive as well, the s and p up 3 1 2 points, 1949. The nasdaq is also higher by 16 points, see the russell two, guys, leading the way, the big laggard to the downside is the big gainer to the upside today with a gain of 1. 25 . I just want to mention because i mentioned this on street signs as well, bill, but friend of show was actually suggesting that maybe yesterday and the way there was maybe leading the market down or one of the reasons why it was leading the market down, maybe this capitulation and early on this morning down by 11 from its highs. Fully in correction territory and maybe the correction in the russell 2 k
This is. Is continue arab springlike movement under way . How hard will china crack down . The white house also weighing in. We are on the ground live in hong kong with the latest on this tense and developing story. Most stocks are down recently. Not this one. Look at that. From 626, up. Gopro shares on fire. All time high today 260 since i mentioned it went public back this june. The Company Unveiling its latest camera. We will have some of them here. Will it help fuel sales higher. Gopro in join us live. Its a volatile day. Stocks off their lows not by all that much, though. We started the day with a triple digit loss. Clawing our way back. We moved up to about negative 42 and now down 80 again. So volatility definitely intact today. Down 80 1 2 on the dow jones. Nasdaq up almost 12. S p 500 off 7. 75. So an interesting way to start the week. Bob pisani joins me now. We had a lot of weakness in some emerging markets. You heard about the demonstrations in hong kong. But look at the s
This morning. Well tell you about them. Mans best friend may want you to sell the company. Petsmart is explorining alternatives as pressure from an activist investor mounts. Target posting Second Quarter operating profits of 78 cents a share, just shy of lowered wall street expectations. The retailer posted flat Comp Store Sales in the u. S. And cutting full year Profit Guidance as fallout from a massive data breach continues to weigh on the company. Target says sales, though, trends at least, improve this month based on early backtoschool sales, jim. We have a number, though, a guidance number, i guess, is the key for the full Year Adjustment of 310 to 330 compared with guidance of 360 to 390, and they go into why thats beginning to be below. I mean, some has to do with early debt retirement. Yeah. Obviously, a good deal still pretax has to do with cost in the breach. First, i said, are you kidding me . You got are you kidding me . Total disarray there. You did through the least of it
Jcpenney especially. That stock is very strong today on better than expected holiday sales. We certainly are. We have had a down couple of days for the market and set up perhaps for a spring back and surprising to see the resilience today, not more of a flight to safety bid after the tragic shootings in paris this morning and, in fact on that note as we keep an eye on that horrible terrorist attack on the magazine that previously ran the cartoons of mohammed the president and much of the world condemning the barbaric murders. Well get you the latest as the attackers are at large. At this hour i think pictures out of france a vigil is taking place. Hundreds of thousands of french people citizens are in various squares in paris and elsewhere to mourn the loss of those lives today. Yes. And what theyre holding i believe there are signs saying we are charlie referring the magazine attacked. I know that you know we are the business channel. I should mention it was interesting to note that t
The iea also warning that weak demand raises the risk of social instability. But Goldman Sachs executive calls lower oil a blessing. There are a lot of positives to the economy from the Energy Situation to the resurgence of housing to the most important thing of having reversed all the leverage that was in the system and kind of reset the clock. So you can take something thats a blessing, lower price of oil which once you think of like a tax cut. Take a look at the price of crude. Youre looking at wti crude at 59. 33. What are you smiling about, joseph . How many times have you heard that Lower Oil Prices like a tax cut . I probably heard that a thousand times in my life. But i agree. But i dont know if thats the you know . I saw that yesterday, too, that he said that. I was like, thank you, but i knew that. Right . Like a tax cut. We know that. But its amazing how many people push back. There was even a guy tweeting this morning meaning yeah you pay 50 cents less for gas and lose thou