Before the American Express news broke, the dow was under a lot of pressure. That number came in line with expectations. It wasnt terrible. The fed rate hike could still nbt cards. The dow is down 85 points. We have someone who says the Current Employment report is not measuring jobs properly. Hell explain why next. Also, more on twitter. Its falling yet again today. That stock has been cut in half in just four months. Its now 1 away from the ipo price. Well look at whether investors should be cutting losses or holding out hope at this point. Crazy. And maximizing your airline miles. Wait until you meet the guy who has flown nearly five million miles for free. I love this story. Hes looking to make a business out of helping others do the same. Bill, we have to talk about he is taking advantage of the system or just finding out the way to benefit it. Its all legal much its all ethical. Hes just found a way to gain the system. Well tell you exactly how hes doing that if a little bit. Let
Be more big moves next week. Oil staging another big rally today. Yesterday traders said it was mostly Short Covering. Could this be the beginning of a real rebound for the commodity . Weve got rbc commodity guru helena croft joining us live. We have bob pisani tracking the action here at the New York Stock Exchange. Kate rogers at the nasdaq and jackie d at the nymex. Finally more typical august day. There is a little fireworks in the energy space. S p 500, a narrower range, about 15 points. That would be more than normal on a typical day. Compared to what weve seen, other than a slight swoon in the middle of the day, its been fairly straight and narrow here. I want to show you what markets are doing here. Well call the trading range narrow. Volume on the heavy side. Not as heavy the prior four, five days. Heavy for a day in august. Breadth 32 advancing to declining. Thats been holding other than a droop in the middle of the day. Volatility is flat. Look at names like mid state petrol
Well explain. First starting off with the markets, what else stock market closing at the highs capping an end to an extremely extremely rocky week. The dow soaring 350 points seeing its second best day of 2016, crude oil staged a massive rally along were big rebounds in the banks but the rallies failed to turn the major indices positive. We sit back here on friday and say what the heck happened guy adam . What the heck happened. Yeah. Ill tell you what the heck happened. Yesterday you had a couple of good things happen. At 2 30 you had the uae headline. Stop the s p on a dime at 1810. Steve and i have been the 1780 camp. Maybe close number one. After market jamie dimon, all love jamie dimon, he announces hes buying jpmorgan stock. Geffen theyre critically the all clear for banks and then the Deutsche Bank headline overnight. Right. Those three things confluence of events long weekend. Does that address the Major Concerns in. Im not saying that i knew the market was around but what we d
For the week but look at that. Were just off the highs of the session right now with the dow up 286 points. We have been tracking overnight sessions in japan, which is hit really hard this week, down more than 10 . But we have black rock global chief investment strategist joining us and he says the market looks attractive right now. Is square a takeover target . Visa revealing its stake in the Payments Company and some on wall street say the move could be paving the way for m and a in the category. Watch out netflix, apple is preparing the First Scripted Television Series starring dr. Dre. We will get details coming up. The markets soaring right now, what happened to all of the recession talk this week . Some say the economy and stocks are actually telling us two Different Things right now, Steve Liesman has what the economy is saying and dominic chu looks at the market. I love starting a debate with my opponent mortally wounded because stocks are higher. Im not more tally wounded. Its
And so cold. Meanwhile jeff bezos is at amazon selling 7 million worth of his shares. That stock has reached a 3 trillion market kapp. Were going to have a stock brawl on what to do with amazon coming up. Everybody loves to debate amazon. Then theres the jobs report coming in this morning coming in below expectations. Does this guarantee a summer without a rate hike. Thats also coming up. But lets start, though, with the nasdaq on pace for its first threeweek losing streak since midjanuary. Bertha coombs running down some of the biggest losers for us, bertha. One of the biggest losers is apple as well as nasdaq has come off the lows. Take a look at apple trading low. Weve gotten a bit of a lift this afternoon as we receive a little bit of buying come in on facebook, amazon, and netflix. The usual fang names have been Holding Things up, but that move on apple, down for three weeks in a row, is really part of what is causing that downward plunge on the nasdaq. But a small cap here today