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Transcripts For BLOOMBERG Bloomberg Markets 20160121 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Are getting more data with the jobs report friday. This is the beginning of a lot of good data. 10 00, pending home sales. Home stuff has been squishy, back and forth the past few months. You get a good month, a bad month. Pending home sales at 10 00. Obama is welcoming indias Prime Minister and 8 30. What is curious is he was central he was at central park this weekend for that big concert and moved a lot of people. He is like a rockstar. Tom, you were way ahead when he got elected. You saids is this matters. That is where i got the idea from. Hostingesident obama is Prime Minister modi at the white house, we have mr. Prudent hosting the mr. Putin hosting netanyahu atnjamin the u. N. , addressing the u. N. Today. 1 launches in china. Is that a big deal . It is because it is the first time they are allowing it to be sold legally great now you are allowed to do it. Standing ou ....
The biotech index is the new vix. Though today the vix is the new vix as well. Oh, how quickly things unravel. The nasdaq is down more than 7 from its high of just a month ago. The russell 2,000 is as well. The Dow Jones Industrial average by comparison is only after 2. 5 from its 2014 high. Thats only a reflection of how poorly it had done relative to the nasdaq until the last week or so. The dow is down 1. 3 . American extress, disney, microsoft, jpmorgan whose earnings are coming down right in front of us here. Some of the real rate sensitive names, rate sensitive parts of this market as that tenyear continues a jawdropping drop db pardon the repetition there is one thing thats getting peoples attention. You can look at some of the big insurers, metlives, and see the pain there. People are jumping out of those higher rate moves. What do people do when they feel pain . They eat and they shop. Mcdonalds is the best performe ....
Expected earnings from citigroup and those retail sales from march that were better than expected that have been the driving force for the most part behind this rally, although were off the highs for the dow. It was up 159 point and now a gain of just 81 points. Keeping a close eye on the tenyear as well. Thats what art cashin would tell us. This rally is not the only thing happening. Basketball legend Shaquille Oneal in the house teaming up with macys for a new menwear line. That interview is coming up in a bit. Really looking forward to talking to shaq. Can answer anything about anything so well talk about his mens line and whatever else he wants to talk about. In the markets right now, shall we show you, rally on the open right now. Kind of held there, but weve been losing altitude for a couple of hours now. The dow up 78 points right here at 16,105. Yeah. Meanwhile, the nasdaq, as we mentioned, look at this, up about 4, a cri ....
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