Tuesday is in the orange, or red, whatever color it is on your screen there. That is the last hour of trading on both of those days, and it traveled about 3500 points monday in just the last hour of trading, down 1600 points for a time, and then a 500 point or 900 point swing yesterday. As you mentioned, we had a big swing in the last few minutes here well see. Anything happens in the final hour of trade. More from bob on todays move, bob . Reporter other things moving things other than the volatility index today. We were tooling along at a narrow range likely to the upside, and 1 00 hit this is the screen we have up here at 1 00 you can see we started moving down there on the heavier volume two things happened at this time we got a budget deal that implied greatly increased deficit, and we had a soft twoyear auction whats the effect . The effect is bond yields moved up this has been a problem in the past, but, particularly, the levels were at now, so bond yields moved, put up the teny
Two great Leadership Groups taking over. I was looking at the stocks today beaten up, and the fundamentals are beaten up as well such as the rax space, and microsoft and intel and going down the list and the few that are not moving. And cisco, and the chips and this is what jim krcramer said this morning. There are two types of tech, tech that is cloudrelated and the digital seagate and microsoft, and we had a positive piece about microsoft, and positive talk from cowen saying to get ahead of Western Digital before the earnings, and this is a tech rally, and the cloud and the Old Fashioned tech and it can occur. Pete . Well, last week, we saw the cisco numbers that were outstanding, and looking in the transitionary level right now that we have been talking about with microsoft, and looking at the name, security, cloud, and this company with a great number and looking at the growth, incredible, and then moving to the salesforce which crushed it last week and then yesterday apple and the
Europe, a couple hours left in the trading session. Mixed picture, pressure in spain and italy. Ireland, u. K. As well, and portugal in the green today. Road map begins now with markets setting up for a lower open after yesterdays bounce back. All major indexes logged the best day in two weeks. Target slips in the premarket after lowering the outlook and raised estimates of expenses related to the data breach. Cochairs hire ahead of the open after the company handedly beat expectations riding a wave of international sales. Cbs ahead of expectations raising guidance for the year. Futures point to the lower open. U. S. Stocks off the best day since july 18, volatility dropped more than 10 yesterday, and crude oil broke a fiveday losing streak, inching up a bit, jim. But the question is whether august continues the streak of under performing august or yesterday change something. Did yesterday change something for you . No. We still have the russians massing on the ukraine border. That sho
Its great. And for you, especially. It was your idea. Its great for all of us. Lets get you caught up on the business headlines this morning. Three big stories we are watching right now, oil prices are up plunge again. Main benchmarks trading at 5 1 2 year lows. Brent dipping below r50 for the First Time Since may 2011. The latest Oil Inventory data is out at 10 on 30 a. M. Today. The adp employment report is coming at 8 00 a. M. Eastern time. Then we go minutes from the latest fed meeting. And breaking news overnight, the tail of the missing airasia plane has been found in the java sea. It is the first confirmed sighting of the wreckage from the jet liner. This is notable because the flights black boxes are located in the planes tail. Jcpenney announcing its samestore sales lows. They say comps at the high end of its previous year. Microns revenue forecast mission wall street estimates. The memory chipmaker hurt by a drop in output as it upgraits grades production lines. Im not going
Immediately. A lot of moving parts here. It is completely overhauling and remaking this company. It just depends on which businesses fit in with the ones you have and how you want to position yourself for the future. Were talking to lickliter, arent we . We are. From eli lilly. Novartis is up 1. 25 in reaction to the news, Glaxo Smithkline is up by more than 4. 5 and eli lilly up by 0. 5 . A couple programming notes for glaxos ceo, sir andrew witty will be here. At 7 15 eastern time as joe just mentioned, we have an exclusive interview with eli lillys chief John Lechleiter. When there were rumors about more consolidation, theyre all looking for ways to go into a somewhat uncertain future by a promising future as well. Animal health, thats a big business. I was thinking about it upstairs. We love our pets. Well pay anything for them. Whats the worst thats going to happen . Im sorry. Its heart breaking but you lose a patient, its not quite the same thing. Not quite the same thing. My unc