Case got it wrong. Nobody expected things to turn this thing this fast. The trump rally trademark is still available. Nobody patented that, copyrighted that, its still available. Arent you proud of the fact this show two days before the election, the day before the election, asked the questions over and over, if he wins, they control all houses of government, you at minimum get tax reform and less regulation, why would that be bad for the stock market . That question was asked over and over again on this show. I had to be called a jackass on twitter by a supposed colleague because i disagreed that the market would go down 1,000 points. By definition when this Insane Person with his finger on the button of the nuclear code, when he was going to be elected. We put up with a lot. We pit up with a lot to. There have been a lot of speculation about where this would all go. Lets juxtapose the wisdom of the American Public versus the elitist intellectual ruling class that permeates this entir
Shares of nordstrom down about 15 in the premarket, penne yerkss taking a hit. Well break down whats really happening in the sector. Donald trump launching another attack on amazon and jeff bezos. Trump saying when it comes to taxes, amazon is, quote, getting away with murder. Apple ceo tim cook told cnbc hes very optimistic about china and putting his money where his mouth is in a big way. Well look at the Chinese Company apple just invested 1 billion in. But first up, Government Data shows retail sales up 1. 3, surge led by autos, gasoline and Online Retail. But theres more Department Store pain on the earnings front. Both penney and nordstrom tumbling. At least eight firms cutting their price targets on nordstrom, which misses by a large margin 26 versus 45. Revenue was light. Comps down 1. 7, but the lesson here is that even retailers of that income demographic are not immune. Everybody at the mall was out of position, no way to put it otherwise. If you think of the three drivers o
John. Michelle, the breaking news is that bob corker, the senator from tennessee, republican who chairs the Foreign Relations committee, has told the Washington Post he has withdrawn from consideration as Donald Trumps running mate. It underscores the question hanging over trumps running mate process, which is who exactly can he entice to run with him. Can he get given how controversial his reputation is, can he get a young rising star in republican politics, or does he got to pick somebody like newt gingrich, the former house speaker, chris christie, the governor of new jersey, who doesnt have much of an electoral future given controversies that have weighed them down. Bob corker is somebody who has been rising within the senate and in republican politics. He says the job of being the Vice President ial candidate is more political than he wants. That hes more of a policy guy. Not comfortable being the attack dog in the campaign. So he has taken himself out. Weve still got some others,
Fears and german retail sales were no good either. The roadmap begins with the market and were set to open deep in the red with dow futures down triple digits and the stocks are on track for the biggest monthly drop since february of 2009. And walmart set to open in the red after lowering guidance for the Current Quarter and amazon and google going in different directions. Amazon slipping after Fourth Quarter earnings miss while google moving to the upside after revenue topped those expectations. Well start, of course, with the markets. Signaling a steep drop at the open as stocks aim for their first down january since 2010. Investors still worried about the emerging markets after a drop in euro zone inflation shows recovery overseas is still weak. Thats not counting walmart, mattel, mastercard saying not such great things about the consumer. Mastercard had expense issues. I really love that company so i want to separate that. I think walmarts doing poorly. But i think, carl, unless th
The companys ceo speaks to a report hes looking to take over a londonbased company. We will ask the ceo coming up. The day of reckoning arrives at General Motors. 15 heads roll for the recall controversy but no one at the very top taking the fall. Can gm now put the issue behind it . Well have the latest and hear from a consultant for the company, as well as lawyer for the plaintiffs whos still not satisfied. Take a look at markets here heading into the close, scott. Welcome to the hour where we seem to keep setting these new record highs. Lately its been the s p. Today it looks like the dow is going to join it, it is up 95 points at the moment. 1,6 1,682, a new high. The nasdaq also having a reasonably strong day. Adding 43 points or 1 . Finally the s p 500 already been setting a string of record highs. Looks like it could do it again today adding almost 12, 1,939 is the level there. Joining our Closing Bell Exchange today, rich peterson, jeff layman, dick burress, Steve Leisman and R