Martha teichner looks into it. uptempo music reporter snacks is one pampered pig. Is she just a little spoiled . I have no say in these things. A little bit, yes, but he says that, but then for christmas he bought a leopard print robe with a magenta boa and a big rhinestone s. Reporter and another human sized one with a big d on it. So they match. Reporter tim taylor and dana boyle, snacks pet parents thats what they call pet owners these days dont care if people think theyre nuts. I generally fall asleep on the couch with her and sleep there all night. So, when we went furniture shopping the last time, we literally said, we need something deep enough because i need to be able to spoon with my pig at night. Reporter tim and dana often welcome squirrel girl into their new jersey home, as well. Come on reporter shes not exactly a pet, but close. Nearly 85 million American Homes are home to pets as well as people. Three out of four dog and cat owners consider their pets members of the fam
There has to be a reason for stocks to keep going up, because there are no tail winds. Sure the economy is reopening all over the country we had great jobs report last friday but we still have 13 unemployment in this country as much as we want to reopen, the sectors that have turned redhot, thats why the dow dipped 300 today the tech heavy nasdaq advanced stocks can only go up so much based on the fact the world isnt ending lets take the two most exciting areas in this Market Airlines and cruise lines. Those juggernauts were marching towards their precovid highs neophyte internet goaded wagerers, betting that someone would come in and buy higher that worked for a while, but today it stopped when you invest on the greater pool theory, sooner or later you are out of fools there are times that the greater fool theory does indeed work i am not someone who will give you a hard time for making money the wrong way. The games in these groups are still very real. But if you are going to play th
Catalysts for investors on the horizon. With fed meetings this week and new tariffs set to go into effect this weekend. Joining us, ian winemore weve been paying close attention to these big trade headlines. How much is this influencing what were seeing on wall street these days i think its overstated as to how much its actually influencing wall street. I think theres two things at this point the first is that theres so much liquidity being pumped into the marketplace by central banks. They Just Announced another round of qe, even though theyre not calling it that. And youve got positioning, which is a very big deal a lot of hedge funds and active managers are lagging again some for the last ten years, and because of that, they cant afford to miss a rally you see this synthetic short base, where people are long cash, and thats why selloffs like today, youre not seeing a whole lot of followthrough, because need to hold until the end of the year. Ian is with us for the next hour we have
Joining us for the entire hour is dan nathan, founder of risk reversal advisers. Welcome back to you. Sara. So theres something youre looking at about the s p 3000 level and fed meetings if you go pack to july 31st, the last time that the fed met, they cut a quarter basis points Interest Rates the first cut in ten years and the stock market was above 3,000. And and it wasnt until the trump tweet the next day that we broke down and stayed down all of augusts here we are now, expectations are for another cut, and it seems like the s p has really paused again at the same level, about 3,000. Weve got lots to discuss with dan, but lets drill down on the big stories were watching today bob pisani is tracking the big reversal leslie picker has details. Mike santoli has a special market dashboard ahead of fedexs earnings which hit after the bell and well have for you here on closing bell. A big day in oil. Oil dropped right after the open on a reuters story that saudis oil output would be full
We choose to go to the moon and these other things not because they are easy, but because they are hard. Emily and we mark the 50th anniversary of the first moon landing. I speak with the captain for moonshot on nasas legacy and why we should not be going to mars. First, to our top story, what else but big tech earnings . Shares of microsoft jumping after strong fourthquarter results thursday. The tech giant has benefited from ongoing strength in the Cloud Computing as your business. And microsoft has extended its lead over amazon, apple, and alphabet for the title of worlds most valuable company. Joining us to discuss, ross gerber, and bloomberg opinions shira ovide. Ross, what is your take . Ross what great numbers. Talk about a Mature Company showing it is still a growth company, and how great the Management Change has been, from ballmer to know della. It has been an amazing shift to the positive for microsoft, and we are seeing it across the board, all their businesses, pretty much