michele. this is one of the most difficult things to accept, that this market does not have to reflect what is going on in this economy. can you speak to that? bob: i can speak to that because i m in the bond market and it is reflecting perfectly what is going on. we just printed -33% gdp. there is a giant hole that we think will take 10 years to fill the output gap that has been created. the fed is telling us for a long period of time they will keep rates at zero because they have to bring the cost of funding down across the system so that any kind of recovery takes hold. slowly, bond investors are recognizing that, and that has emboldened them to move further up the curve both in terms of duration and lower in credit quality. jonathan: we have had conversations about market distortions. the equity market, big tech companies dominating the benchmarks in the u.s. what is the cleanest trade in fixed income to play an economy that would take 10 years to fully recover? bob: ther
and new developments with the energy love triangle going on behind chevron, anadarko and occidental a fourth player could step in. we will explain. the last of the fang stocks will report after the bell we ll tell what you to expect from alphabet earnings the closing bell starts right now. welcome back to closing bell. we are on watch for another record close for both the s&p and the nasdaq check out the action today it s bullish we ve got a busy week coming up with the fed, the jobs report at the end of the week, more than 100 s&p companies reporting earnings little directional drivers today but after a mostly strong week last week we ve got new record high watches in fact, any close by the s&p and any close by the nasdaq in positive territory will be new records. makes it easier for us we don t have to memorize levels yeah. only small gains at the moment for the overall markets but the sectors a strong performance financials, communications bank strength. se
our roadmap begins with shares of amazon soaring in the premarket after a solid earnings report. we ll dig into that report plus how amazon s game plan is going after netflix. and becky catches up with warren buffett in omaha. and more on apple s rough month. what does it need to recover? exxon and chevron out with earnings. what you need to know about big oil and all the energy names leading the way isn t the s&p this month. first up, amazon up sharply after posting its most profitable quarter ever. revenue growth the highest in almost four years. the sales in the company s cloud computing business up 64%. and then there s the upbeat guidance, the margins story, the operating net out of web services bigger than their north american business. i have to tell you, you know, on the conference call, the conference call is very flat. people understand amazon conference call it s almost like it s being spit out by amazon itself. it s just a very without any emotion. when you
europe. chicago pmi in 45 minutes. sales beat for starbucks, comps up 8%. stock is down in afterhours and is clawing back. valeant makes another controversial decision and is cutting ties with philidor. monitoring bill ackman s conference call. and linkedin and expedia, both stocks spiking. we ll hear from both ceos late their morning. data shows consumer spenting rose only 0.1 in september. bo bo stocks are on track to extend that weekly winning streak to five and post the best month in four years. best dow names? dupont, followed by microsoft, followed by ge. okay. let s talk about those. ge, the execution, getting out of financial. dupont, that is breen, going to break up the company. these are very, very important. also both large trian positions. trian has nelson peltz has made a lot of good pushes. done a lot of good things. i think breen, without peltz on the board, will follow peltz game plan. even though dupont had a miserable quarter, ed breen issued b
downward direction either. not changed.re has a mixed picture between them. pull we arethe push experiencing here. not exactly equal, red and green, interred data in terms of up and down. nonetheless, declines in energy and health care are definitely dragging down the overall averages, putting pressure. take a look at oil prices and you will see what is going on with energy stocks. off theil has come off lows, still lower. sachs, in agoldman worst-case scenario were mild weather continues in the u.s. and europe, we could see it fall to as low as $20 per barrel, causing some concern. in terms of health care, these stories all day, united health backconsidering scaling the informal care act. allergan getting closer to a deal but will they face resistance from the administration in terms of the tax aversion status potentially of such a deal? utilities are the best performers? yes, they are doing the best today. it looks like what is going on in the bond market. yields on treasur