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Transcripts For CNBC Squawk On The Street 20160119 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Our first reaction is to express grief and condolences to the families involved. I noticed when the market was down not that much at all. Amazing how a plane crash a zillion miles away creates a buying opportunity. It was inconsistent with how the market works. Its too rash and glib. I expected the market to be down sharply this very morning because last night president obama announced his tougher sanctions against russia for meddling in ukraine. The s p futures were down big this early morning. Ahead of the opening. That seemed reasonable because of the new level of uncertainty. Things were ratcheted up. When the averages initially failed to get hammered because there was so much positive news flow, i was surprised. Russia, not as important as china, obviously, can still impact the stock market for more than 24 hours as we see things play out. In other words, we whistled past a piece of negative geopolitical news as though it were totally isolated and didnt mean that at all. When we g ....