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Drag draghis press conference begins. Stocks set to open in the green this morning after jobless claims fell by 15,000 ahead of tomorrows big job number. Plus, macys says it will layoff 2,500 workers and close 5 stores in a move that could save the company up to 100 million a year. Shares are up this morning on that news. While macys in the green, its been a rough morning for some of the other retail names, Family Dollar, Bed Bath Beyond expected to open well to the downside after Third Quarter earnings miss. While tmobile is still only the fourth largest carrier in the u. S. , its ceo making a splash at this years consumer electronic show and well tell you what he had to say about tmobiles Fourth Quarter and an incident at a party for at t. A lot for wall street to ....
Wise men of investing, jack bogle. And the allegation that this stock market is rigged. Look forward to that. Have you checked facebook recently . The stock im talking about. It was trading at 72, less than a month ago. Today its around 58. Pretty quick 20 decline there putting Facebook Stock in its own private bear market. What gives . We get to the bottom of facebooks big decline coming up. Heres where we stand. The dow is just about flat at 16244. The nasdaq up twothirds of 1 . Well see if that rebound can hold after a tough couple of sessions. S p 500 up about a quarter of a percent almost five points. Were slipping just below that 1850 level. Lets talk about that in our closing bell exchange. Meg green is back with us. So is rob stein. Larry glazer from mayflower and kenneth is here on the floor with us. What do you think . Is this a typical turn around tuesday . I dont think so. Doesnt feel it. No excitement. It feelings lik ....
One continents richest person. First to sue at the new york stock exchange. We have a triple digit advance, but mad moneys jim cramer made a very passionate case warning against three groups of stocks. Well talk about that in 30 seconds. First jim in his own words, as nobody makes a better case than he does. The first group is what i call the amazon army. How do companies enlist if she swear to grow revenues really fast and not worry about turning a profit, since for the long time the market provided they had excellent revenue growth. The second kind any stock in an area where there have been a ton of initial public offerings, consider them landmines. Finally the third hazardous, biotechs. So lets talk about that with bob pisani whos here with me, and dominic chu because in e. C. , dom, im going to start with you. You heard the danger list. Do you agree . You know, its interesting now, when we talk about that, cramer is absolutely right, but the question is whether or not they all happ ....
York stock exchange. Were going to start with the markets, ty. The nasdaq has had a great performance so far. We put that at the top of the board right now up 0. 6 of a . The dow is negative by about five points. The s p is up a quarter of a , the transports up about 50 points, and the russell to 00 up two thirds of a percent as well not a bad start for the week. There wasnt a lot of positive catalyst. Sometimes just we didnt have any negative catalyst. Thats enough just to move the market. I think we had some selling out of europe. We deli see that spike up . That was the european close. As europe closed, the market spiked up. Whats important here is the small cap, the russell 200, put up the board, the russell 2000 is leading. Look here, over the s p 500, that hasnt been story for a long time, and more importantly, sue, the right things are leading, internet content names, for example, so your zillows, pandoras, yelps, linkedin. Those are leading. Biotech, not only is biotech up. Its ....