If Kayla Tausche is at the nyse to tell us whats happening on the floor. Stocks for the dow and s p are in the red right now. The dow having its nay rowest trading range today since august 18th. The nasdaq has been flirting with the flat line for the last hour. It is just slightly into positive territory. The dow, the s p and nasdaq though even with todays trade all remain out of correction territory. Lets get the trading action at the nyse. Bob pisani joins me on the floor. Michelles getting ready to go on vacation, a lot of other traders are and very happy to be a somewhat normal august day here. The s p 500, very narrow trading range. Only 13 points. Got a little droop in the middle of the day. Stan fischer speaking exclusively with Steve Leisman. Some interpret him to be a little more hawkish. I didnt hear it but the markets seemed to react that way. Down just a little bit. Very narrow trading range, 13, 14point bottom to the top. Volume is heavy but declining. Heavy for august but
Dow up 228 points. Youre looking at a few red arrows with the dow down by 60 points. The nasdaq down by 13. A couple of other stories. Lets take you through some of them this morning. February Housing Starts and Building Permits released at 8 30 eastern time. Stocks expected to drop by more than 2 with the weather being a big factor. Two wellknown Tech Companies to post quarterly result afs the bell and then theres the buzz story of the day. Apple tv and the wall street journal reporting this morning that the company is working with programmers to offer a bundled service of about 25 channels. Now broadcasters as part of the bundle are said to include abc, cbs and fox but channels owned by cnbcs Parent Company comcast so far at least will not be part of the service. The price tag 30 to 40 for the bundle. They would include things like espn in that and the question that i have is whether the economics of whether were actually seeing the true unbundling of all of that. It seems like it is
Sterns. Shares closed up more than after ancent 8 analyst at wells fargo boosted evaluation by 40 . They cite potential for m a and margin expansion. An outperform rating on sprint. Apple beat android in mobile shopping on christmas day. Apple operating devices were used to make 20 of all e monday, purchases on compared to five percent of Android Device sales. Fundraising plans were disclosed in an s. E. C. Filing today. Venture capitalists are flocking to companies tied to the virtual current see bitcoin. They raised 25 million. Very goods been a year for the mutual funds industry. U. S. Investors poured money into stock mutual funds more than they have in the last 13 years. Largestt taking the mutual fund. It beat out pimcos total return fund. Executive is chief and cofounder of adviser investments, helping to oversee nearly 3 billion in investments. Jim odonnell is the chief Investment Officer of forward management. They have 5. 5 million in assets. Explain peoples expectations. Oin
Brother,tzker, sorry, i think you could be out of the job. I need to get to the news feed. Johnson johnson are rise shares of Johnson Johnson are rising today. They raised their forecast in 2014 after firstquarter profits rose 34 . Came frome sales products introduced in the last five years. Generaloff may leave electric sooner than expected. Expectingecting leave sooner. Militaryas started a backed off for asian military backed operation. Those militants have been occupying Ukrainian Government buildings. President obama and vladimir phone, but on the remained at odds over who is at fault. Bring in my guest post. He is the founder and chief rnvestment officer at aq management. Man has degrees in economics, engineering, an mba, and a phd in finance. Welcome. I am glad you are here. Few times we have spoken, i pushed you on headlines. You have said, i do not stay awake overhead lines. When i look at the geopolitical situation, makes me wonder, does all of this going on in the world affe
Behind. Lets check in now first with sue at the nyse. Hi, ty. Stocks beginning the week on a down note. That follows last weeks big selloff. Still some fears about corporate profits persisting out there but we are seeing a bit of a rebound in technology which of course was key in last weeks selloff. Well see whether or not it can maintain its leadership. Bob pisani joins me on the floor of the nyse. Not unexpected that we would continue to see a little bit of selling but it certainly doesnt have the pressure buildup. Are we at a bottom in earnings at all. Its still out. Whats encouraging, tech stocks, a horrible week last week, a lot of companies disappointed, microsoft and ibm. A little bit of stabilization here. Thats good to find some kind of bottom. Ibm has stabilized, but General Electric hasnt. Were down again today after some disappoint yesterday. One of the biggest volume days ive ever seen in General Electric on friday. Heavy volume again today. Down almost 7. 5 . Ge in two da