they are the cinderella team this year. you got to bring me one of those t-shirts. please, i m begging you. i ll try. it s hard to get your hands on one. i m sure they are. i m bill griffith still here at the new york stock exchange. this stock market is also looking for its own cinderella story today, fighting to get back into the green territory. the dow has been on either side today of unchanged. now down 21 points. kelly, we re going to explore whether this market actually has seen a stealth correction. we re also so focused on the dow and the s&p, but is there a whole section of the market that s already seen its own correction? we ll look at that coming up here. now the students here at dayton fired up about basketball. but many are also pretty excited about legg mason s bill miller speaking here moments ago. a legendary investor joining us exclusively in a few moments. we ll get his take on the momentum stocks getting hit. plus, his take on citigroup and the fi
the s&p 500 after earnings confirm the company continues to bring in huge sums of money but has razor-thin profits. is the street sending a message here to ceo jeff bezos that it s time to turn the spigots on and make some real money? if there s trouble at home, is there trouble for the entire economy? mortgage lending plunging, even though we have become the spring housing season and rates e re main historically low at about 4.5%. if the housing recovery stalls, what does that mean about the broader economic recovery? we ll have a special report later on the closing bell. in the markets, how we re shaping up on the last trading session of the week, the dow jones industrial average down triple digits, 147 points at this hour heading for the second down week in three weeks. the s&p 500 right now in the red, declines of almost 2%, that was the nasdaq, 1% on the s&p 500, the nasdaq behind the three, pressure on amazon and technology stocks. the nasdaq down 74 points p with a
although, it s off the lows of the day now at 3,002. the s&p 500 is down oh, there s nasdaq down 14 points. did we see the s&p? i m following the apple story. s&p down 15. check out shares of apple. this is part of what s going tonight in nasdaq. stock taking a hit today even though apple announced the ipad mini. the company surprising a lot by announcing a new version of its full-sized ipad tablet. two new products on the docket here. we ll talk more about that. really, why investors are not buying into this news. coming down 1.5% on apple. it s a big part of the s&p 500. it s a big part of the nasdaq. 20% of the nasdaq 100. as apple goes, the market is seeing that as a pressure. plenty of that coming up. meantime, a flurry of weak earnings setting the stage for the selloff today. a lot more results ahead, too, for investors to chew on. the question is, will it be more bad news for the bulls? in today s closing bell exchange that s what we re talking about. gentlem
should lower their expectations, their threshold, for unemployment. right now it s 6.5%, before they start tapering. they could lower it to 6%, maybe even 5.5% before they start seriously thinking about tapering. and any guess as to when we get 6% unemployment, that could be a ways duown the road here. the 6.5% level was the key reason you and i were not expecting the taper because we weren t even near that. to think we re going lower, 5.5% as a marker, is extraordinary. we ll be joined by bank of america brian moynihan, we ll have a discussion with this on interest rates, and a lot to get into with him. we ll get his take on where business is headed as we head into year end, bill. especially if the fed keeps rates a lot lower a lot longer. that has a big impact on bank bottom line. after the bell, highly anticipated earnings from tesla. of course, many expect a blowout quarter now that the model s is widely available. we hear it s selling well. we ll have those numbers,
bailed out like the banks? it sure looks like it. 65% of americans by the way are totally opposed to it. all those stories, much more coming up on the kudlow report beginning right now. good news is good news today. big jobs, big stock rallies. we have all the details. good evening. larry, plenty expecting a non-farm payroll report, but no one predicted the markets would react this week. there was worries that an improving economy would lead the fed to taper early, burr the stock market rallies big and the bond market barely moves. cyclical sectors were strong and even the interest rate sensitive groups had a good day. we closed at the highs. but what about the taper fears? remember bond yields had moved up from 2.5% at the end of october to about 2.9% today. most traders haven t changed their position, that tapering is unlikely to start before january at the earliest and it will be gentle when it starts. finally, janet yellen will believe to enforce that tapering is not