Lutnick and doug cifu to tell us how the increase in passive investing is impacting their businesses. And macys is reportedly considering putting a part on the Flagship Store in new york city. Were so desperate for grass, i think people will go anywhere in this city, central park gets a little crowded and 34th, they could use some grass in that area. Go up to macys now, you can find it. But is that the thing thats going to get people into the store if theyre going up there . Anyway, the reason we showed you a picture of daymond john, hes with us today, of course, from shark tank and a very, very successful entrepreneur on his own, especially when it comes to branding. And were going to talk about branding in retail among other areas, coming up with daymond in a little bit. But first, we begin with this decline in oil today. Here go the inventory numbers, wreak havoc in the oil markets again. Jackie deangelis is at cnbcs commodities desk with that. Jackie d. . Hey, bill. Crude oil break
Lori rothman has Market Movers from the floor in the nyse. First to the cme and trader Scott Shellady. Many analysts blaming the drop in oil prices for the market loss, scott. Weve seen other days with 3 oil drop that didnt lead to 250 point drop in the dow. So what else, what else is going on besides oil . Well, i think the underlying problem here is the fact that weve got equity prices overstretched because of free money. I have said before, you know, we dont have Interest Rate problem here in the u. S. But the fed has an Interest Rate problem, right this they have pushed us out the risk curve looking for yield. That is the big problem. No, we dont have a problem with our Interest Rates as a country but the fed has to find a way town wind this thats why this little hiccup here sent things tumbling down. Bearish news in oil sent us lower didnt help things. But it is still the fed with Interest Rate problem, not the economy. David almost an impossible problem. Scott, you will join us a
Is up with that. Details of a new bombshell report released moments ago, more than half of the people you outside the government met with Hillary Clinton when she was secretary of state, gave money to the Clinton Foundation personally or through groups. The story never ends of the we have the very latest. Melissa back to the markets. Dow climbing into the close led higher by nike, cisco and pfizer. Oil settling the day higher. Natural gas is soaring. Phil flynn of Price Futures Group is a fox business contributor. He is watching action from the cme. Adam shapiro on floor of new york stock exchange. Adam you have your eye on the big movers and the nasdaq as well and big news announced from tesla. Talk to me about that. Reporter when you talk about nasdaq, i mean were settling two points shy of the record close. When you look at all the indexes we are off where we were in the trading session earlier when we were much higher but we closed in the green of the nasdaq, some of the stocks hel
Trading at 2785. When has a new record for the dow or s p gotten any fan fare . Not lately. We were talking about this this morning. A producer whos been here through the ups and downs in the last decade used to be the case to hear cheers and applause punching but the benchmarks. This morning you werent be hearing much punching through 18,000 on the dow. More evidence as we have said for a while now. This is still the most unloved bull market we have seen in modern times with the dow up 97 points off the highs. S ps up 6 and enough for a record high. Technology, certain sectors, bio tech hit hard today and as you heard from the gang on street signs, some of the pharmaceuticals lower and nasdaq is down in todays rally. Yeah. Importantly. Lets get right to it with the closing bell exchange. John manly. Peter anderson. Susan fulton. She made it. I am here. Yeah. We werent worried about you but the technicals in place as you know. Rick santelli joins us from chicago. Rick, i hate to pick o
There appear to be two logical answers. Either these senators were trying to be helpful to the iranians or harmful to the commander in chief in the midst of highstakes international diplomacy. Either answer does discredit to have the letters signatories. Now, i would be pleased to talk more about this important matter, but i know there have been questions about my emails, so i want to address that directly and then i will take a few questions from you. There are four things i want the public to know. First, when i got to work as secretary of state, i opted for convenience to use my personal email account which was allowed by the state department because i thought it would be easier to carry just one device for my work and for my personal emails instead of two. Looking back it would have been better if i had simply used a second email account and carried a second phone, but at the time this didnt seem like an issue. Second, the vast majority of my work emails went to Government Employee