Target to the federal funds rate will be data dependal. All right. Seems confusing enough. But the bulls do seem happy enough with the fed at least for now. The dow closing at another record. You can see up by about 25 points. The s p rallying back above 2,000. If you take a look at whats happening with the futures this morning, you will see at this point the green arrows continue. About 57 points above fair value. S p futures up about 8 points. Appeared rue, over to you. Thank you, becky. Were going to talk today because it is what were calling alibaba day. The chinese ecommerce giant said to price the ipo after the bell this afternoon. The range has been listed to between 66 and 68 a share. Due to strong investor demand. Stocks then expect to start trading on the New York Stock Exchange tomorrow with the Ticker Symbol baba. And not a bad symbol. If you havent gotten your shares, call your broker if youre going to get them at all. Anyway, the other big news happened late in the day. T
All those stories and more coming up on the kudlow report starting right now. Good evening, everyone, im michelle carusocabrera, larry will be back tomorrow night. Dozens of earnings reports on tap. The rest of this week may be tense for the markets. Josh lipton joins us now with the details. Good evening, josh. Weve got a lot coming up. Thats right, michelle. Stocks close with modest declines. The s p 500 breaking an eightday rally. That following mixed economic and earnings reports, the dow dropped 31 points. Among the blue chips, coke, a laggard, matched expectations of 63 cents a share but missed on the top line. The company talking about unusually poor weather in the quarter. Also, goldman sachs, reporting the Company Beats on the bottom and top, but a wellknown bank analyst did lower his rating on goldman from buy to outperform saying increased estimates arent enough to justify the upside needed for a buy rating. On the economic front, home builder confidence jumps in july to its
Years ago today. Happy anniversary to us. Im melissa lee with carl and jim cramer and david faber live from the new york stock exchange. Lets look at how were setting up after yesterdays rally. Particular strength in yesterdays rally. We didnt get housing starts, thats earlier today. As for the picture in europe, really the stand outout here is the euro. Greece getting a five notch upgrade at the s p. Our road map this morning starts with gm. Government motors no more. The treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. Another challenging quarter for fedex with the blame squarely on sandy. But the stock is up premarket. Oracle posts a Strong Quarter with Even Stronger guidance. The season rebound in europe. No impact from the fiscal cliff. And ge gets boosted from ubss key call list on the weaker than expected macro environment. Still on the list is including well tell you in a couple of minutes. General motors is up sharpl
Good morning to you and your family. It is september 11th, 2016. Youre watching a special edition of fox friends. Today marks 15 years since the 9 11 attacks here in new york city, also in washington, d. C. , and shanksville, pennsylvania. Nearly 3,000 americans died on that day. This morning we honor those who lost their lives and those who sacrificed their own lives to save so many others. Its hard to believe it was 15 years ago. Brian and i were in these chairs 15 years ago. Yeah, they were chairs then, not a couch. To be exact, 2,997. Its so good, for one thing, to see something downtown. For the longest time weve been doing the show on 9 11 and there was nothing there. Now theyve got one world trade, which was also known as the Freedom Tower. Which is what we were just looking at. For years, there was nothing there. There was a lot of red tape trying to figure out what to put down there. No one knows that story better than rick levinthal. Lets go to rick, who was able to carry liv
As militants get closer to baghdad, the u. S. Has put armed drones in the skies over baghdad, presumably in case it comes to that. They will be prepared to use them against these isis militants who have picked up americanmade weapons on their way from syria through iraq and are driving some americanmade vehicles in their armed assault on the Population Centers along the way. This is an escalation for the United States which has pledged no combat troops even while it strengthens the number of military advisers now operating on the ground. In short, the situation in iraq remains a mess tonight as it has been on and off for a decade. We start with our chief foreign correspondent, richard engel, who is back in baghdad. Richard, good evening. Reporter good evening, brian. It feels like we have been here before. Once again, im on a baghdad rooftop, a curfew is in place. And now armed American Drones and planes are above. Theyre not authorized to fire on militants unless to directly protect a