Live Breaking News & Updates on Wells Capital Management|Page 6
Stay updated with breaking news from Wells capital management. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
And then weve got business inventories, also worth noting today, the treasury is holding a 30year bond auction at 1 00 p. M. Eastern. Some of these bond auctions have been interesting to watch. You can see this morning the 30year is yielding 3. 428 . Twitter said to be considering a shakeup of the top executives. Reporting this includes a possible shift in the duties. Ali rowghani recently had some responsibility taken off his plate. Some members of twitters top staff have been upset he sold 300,000 shares of stock last month. Twitter shares under pressure. Also insiders and cofounders jack dorsey and Evan Williams have vowed not to sell as a signal of confidence. And then the story joe was referring to at the top of the hour, a hall of fame golfer, phil mickelson, reportedly not involved in Insider Trading in the shares of clorox when icahn was attempting that unsolicited ta ....
Russell 1,000. The russell 2,000 and the s p 400 midcaps have all hit alltime highs. Ten dow components have set multi year highs in october with seven reaching alltime highs. As for its year in the markets, volatility has fallen almost 18 this month. Of course, the lineup has led some to question if things have gone too far too fast. Pim pimcos bill gross on cnbc yesterday after the fed decision. The markets are bubbling and all asset prices are bubbling down. Steve liesman has pointed out Profit Margins are bubbling. To the extent that any of them can be suspended i guess is the ultimate test in terms of tapering or, you know, the purchases by the fed in terms of adding to the down shape. But, yes, slightly bubbly. All right, a little spooky. Well talk more about his opinions through wrought the morning. The futures at this point are indicated lower. Right now, you see some red arrows there. Dow futures down by about 30 points b ....
This morning after the dow and the s p toastposted their best gains of the year. And carl icahn said one company has the worst Corporate Governance hes ever seen and Steve Ballmer making his first address since leaving microsoft, he did not disappoint coming to you later this hour. But first up well start with the markets, stocks coming off a record session, the s p a record high and the dow and the s p having their best day since december 18th. And adp showed the economy created fewer private sector jobs in february as the cold weather restrains hiring. You said the data has been okay. The durables and the chicago pmis have been all right. We have great data out of europe pmi. How could the economy be good and stocks be good and employment be bad . The economy is not necessarily good its delivering but with the employment weaker and the macromanufacturing come out and c ....
Hedge fund manager. He said it is wrong. It is easy to borrow herbalife shares right now and the cost to carry is not that bad. So was icahn wrong on the short . One Hedge Fund Manager says perhaps he was. Meaning ackman wrong . No. Icahn was wrong on the short talking about how to short the stock and whether it is too difficult. This guy says i could find it right now. Great job. Thank you. Thank you very much. Have a great weekend. Thanks for watching street signs. Closing bell with bill and mandy now. Happy friday everybody. Welcome to closing bell. Well revisit the ackman icahn brawl weve been talking about in the last few hours. Were also on top of the markets that just wont stop right now. Take a look at where we are right now on the dow. And the alltime high from 2007. We get ever closer to that number. Were not that far away at all. Absolutely right. Hello everybody once again. Im mandy drury of course. And weve got mo ....