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Nov 21, 2014
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the index to watch here is not s&p or dow but the russell 2000. >> russell 2000, okay. >> experienced a double top this year. we look at march at 1213. we look at what we did over the summer. getting back to the highs of november, pierce that and shoot through that, then we'll challenge that top and right now that's worrying sign. >> dragging the market. >> the russell led since 2013 and will lead us down. keep an eye on the level especially next week. >> should we be encouraged or worried about this rate cut in china overnight, david? >> good thing, bill. very, very happy to see japan do it a week ago. >> right. >> china coming. european central bank beginning to broad out the scheme of asset purchases. i think the big number this week was the philadelphia fed index that came in. >> strongest in 20 years? >> 40.8, tremendous number. so i think you can look and take heart of china paying attention. if they let it drip, so for them to come down to a 560, they took the lending rate down by 40 basis points, deposit rate down by 25 basis points. so you basically see them paying attention.
the index to watch here is not s&p or dow but the russell 2000. >> russell 2000, okay. >> experienced a double top this year. we look at march at 1213. we look at what we did over the summer. getting back to the highs of november, pierce that and shoot through that, then we'll challenge that top and right now that's worrying sign. >> dragging the market. >> the russell led since 2013 and will lead us down. keep an eye on the level especially next week. >>...
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Nov 17, 2014
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but the russell component energy down 22%. that's where the vulnerability is for the energy companies, the ones predominantly on the russell. >> if oil keeps dropping the way it has? >> absolutely. oil hasn't bounced. oil is at 75. opec has to cut. >> the whole russell has been crazies this year, up 6% last month, down 6% the month before. small cap going crazy all year long. >> jump in real quick and send it to diana olick who has breaking news. hi, diana. >> the government's mortgage insurer back in the black. insurance fund went negative in 2012 requiring it to draw on additional taxpayer tax but according to aggressive policy action it's above water. negative $16 billion to now a positive $4.8 billion, that's a $21 billion gain in two years. the policy action included raising premiums and average fico scores for borrowers and going after rogue lenders who didn't follow fha's underwriting. fha's capital reserve ratio required by congress to be at 2% or above, is still at 0.41%. though it is projected to clear 2% now by 2016
but the russell component energy down 22%. that's where the vulnerability is for the energy companies, the ones predominantly on the russell. >> if oil keeps dropping the way it has? >> absolutely. oil hasn't bounced. oil is at 75. opec has to cut. >> the whole russell has been crazies this year, up 6% last month, down 6% the month before. small cap going crazy all year long. >> jump in real quick and send it to diana olick who has breaking news. hi, diana. >> the...
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Nov 20, 2014
11/14
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all things equal, markets in particular the russell turned during the day. >> funny you mention the russell. we were going to lead the program with the fact that the russell is off worst day in the month. last week you have puts and then the number comes out. and wait a minute, leishman walks by and says econ surge. >> that was one hell of a reversal the russell had. it whooshed and you have better coverage a position, which i did on the way back up. and the strength again today. there is a lot of activity. it moves around a lot. >> the outlook right now of the third quarter. still tracking three three. for the fourth quarter we're two seven and i'm feeling if these numbers. two seven would be fine. a little more potential would be good for job growth. i'm thinking with some numbers we've had the guys might be rethinking and wii might be headed higher towards 3%. >> what's that mean for the way we need to think about to be the fed. if you get an econo ramp and the fourth quarter looks better than expected everybody is talking about that again. >> the story right now is i think the fed is go
all things equal, markets in particular the russell turned during the day. >> funny you mention the russell. we were going to lead the program with the fact that the russell is off worst day in the month. last week you have puts and then the number comes out. and wait a minute, leishman walks by and says econ surge. >> that was one hell of a reversal the russell had. it whooshed and you have better coverage a position, which i did on the way back up. and the strength again today....
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Nov 14, 2014
11/14
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no one else concerned -- if you were in the russell. >> we hear about the russell being an indicator for the market and then we see the market go higher and then forget about the russell. >> still up 2% year to date. >> let's go around the horn and do some final trades. >> i mentioned j.c. penney. i would use a stop below 7 pretty tight and see what happens with this bounce off that level. >> going to go back to ford. i think ford has a lot of things going in their favor. >> rfmd. >> why? >> unusual activity. >> have a great weekend. we will see you on the other side. "power lunch" starts now. >>> "halftime" is over. "power lunch" and the second half of the trading day start right now. >> thank you very much. welcome to "power lunch." sports gambling in the usa is getting a very unlikely backer. who the funk? the commissioner of the national basketball association says just do it. how close are we from being able to bet legally from coast to coast on sports games? a soccer scandal, a major embarrassment for fifa. it is said
no one else concerned -- if you were in the russell. >> we hear about the russell being an indicator for the market and then we see the market go higher and then forget about the russell. >> still up 2% year to date. >> let's go around the horn and do some final trades. >> i mentioned j.c. penney. i would use a stop below 7 pretty tight and see what happens with this bounce off that level. >> going to go back to ford. i think ford has a lot of things going in their...
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Nov 13, 2014
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but then the russell started to underperform and we did lose some steam. the s&p still roughly flat. >> dow holding up. >> thanks to walmart and cisco. let's get to scott wapner at headquarters with the half. >> carl thanks very much. let's meet the starting lineup for today. josh brown, stephanie link, joe terranova and jon najarian, and also joining us is the zach seaward. and we begin with ceos in the hot seat. dick costolo,
but then the russell started to underperform and we did lose some steam. the s&p still roughly flat. >> dow holding up. >> thanks to walmart and cisco. let's get to scott wapner at headquarters with the half. >> carl thanks very much. let's meet the starting lineup for today. josh brown, stephanie link, joe terranova and jon najarian, and also joining us is the zach seaward. and we begin with ceos in the hot seat. dick costolo,
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Nov 13, 2014
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but then the russell started to underperform and we did lose some steam. the s&p still roughly flat. >> dow holding up. >> thanks to walmart and cisco. let's get to scott wapner at headquarters with the half. >> carl thanks very much. let's meet the starting lineup for today. josh brown, stephanie link, joe terranova and jon najarian, and also joining us is the zach seaward. and we begin with ceos in the hot seat. dick costolo, marissa mayor, don thompson and rometty. twitter coming off its first investor day. did he deliver? you are a shareholder. did you get what you wanted? is she still in the hot seat. >> i really don't think he's done anything wrong, as a shareholder. i guess i'm in the minority. >> he's been on the hot seat. >> i just don't understand why. it's an experimental technology. it is a young company. there aren't any comps. they have been forced to invent a business model from scratch. i don't understand all the drama to begin with. i just think he has to figure it out. but he's been doing that. >> cramer said this mornings. i love the sto
but then the russell started to underperform and we did lose some steam. the s&p still roughly flat. >> dow holding up. >> thanks to walmart and cisco. let's get to scott wapner at headquarters with the half. >> carl thanks very much. let's meet the starting lineup for today. josh brown, stephanie link, joe terranova and jon najarian, and also joining us is the zach seaward. and we begin with ceos in the hot seat. dick costolo, marissa mayor, don thompson and rometty....
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Nov 19, 2014
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so it's a good location for us. >> russell, ben, thank you very much. we enjoyed having you both in, including the drones. >>> now, still to come on the show, never mind the sales tax delay. find out why the bank of japan is standing by its quantitative easing program. we cross live to japan after the break. >>> and after a record closing day on wall street, take a look at how futures are fairing, pointing to a lower open. the dow jones industrial down about eight points and premarket trade will leave you a look at how futures will be trading throughout the rest of the show. m >>> welcome to "worldwide exchange." i'm seema mody. >> and i'm wilfred frost. these are your headlines from around the world. >> a vote to approve the controversial keystone pipeline falls short in the u.s. senate. >> it's been on my agenda and it's staying on my agenda. and i'm going to do everything i can to help america become energy independent. >>> the bank of japan stands by a huge stimulus package despite delays in the federal tax hike. this as they stand by for clues on e
so it's a good location for us. >> russell, ben, thank you very much. we enjoyed having you both in, including the drones. >>> now, still to come on the show, never mind the sales tax delay. find out why the bank of japan is standing by its quantitative easing program. we cross live to japan after the break. >>> and after a record closing day on wall street, take a look at how futures are fairing, pointing to a lower open. the dow jones industrial down about eight points...
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Nov 25, 2014
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russell hasn't caught up and the amazon hasn'tal but for the rest of the back they have corrected. >> it's really at a laggard for the year. i think earlier, you know, domonic chu got talking about where is value and mentioned some names names. i this i the real value is in the sector. it's still very far from all time highs back in march 2000. >> let me make a counterargument. what i said we got to see emerging markets come back in a significant way in order for us to have the macro environment for tech to continue to run. >> we need all the above. >> is that a tall order. >> it is a high hurled but the fact is we've han had single digit revenue growth three years. last time the s&p 500 overall saw double digit revenue growth was back in the final quarter of 2011. earnings very good. the final quarter should be about 7%. >> do you buy the argument, say, i ibm. where buybacks have had such an internal influence. >> there's debate about that. that leads back to the academics and the quantities. the fact that buybacks and the actual announcements. look at the market it's reasonably pric
russell hasn't caught up and the amazon hasn'tal but for the rest of the back they have corrected. >> it's really at a laggard for the year. i think earlier, you know, domonic chu got talking about where is value and mentioned some names names. i this i the real value is in the sector. it's still very far from all time highs back in march 2000. >> let me make a counterargument. what i said we got to see emerging markets come back in a significant way in order for us to have the...
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Nov 3, 2014
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to the extent that you see russell more, this is the time you want to see it and leadership for russell 2 is something we see for the balance of this year. >> are you looking at any midterm election trades? are investor ignoring it and okay with the status quo even if republicans do take the senate or industries we should be looking at if that happens? >> i don't think there's going to be much of a change here. the republicans are certainly not going to lose the house. they may take the senate. the presidency is off the table so it's gridlock, gridlock, gridlock whichever way you look at it so the election is a nonevent because there's no way that one party is going to gain control of washington, d.c. here so policy will remain as it is today. >> all right. we'll stick to the economics and earnings. thank you both on this monday morning. >> despite recent stock market rally and low interest rate environment, new data out this morning on first-time home buyers may surprise you. diana olick has more. >> good morning, simon. the economy is improving. home prices are recovering but first-ti
to the extent that you see russell more, this is the time you want to see it and leadership for russell 2 is something we see for the balance of this year. >> are you looking at any midterm election trades? are investor ignoring it and okay with the status quo even if republicans do take the senate or industries we should be looking at if that happens? >> i don't think there's going to be much of a change here. the republicans are certainly not going to lose the house. they may take...
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Nov 21, 2014
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the s&p 500 up a half percent and russell up. the big reason for today's run, china cutting interest rates. why did china do it? he says the economic situation behind the great wall is not good at all. we will talk to him in four minutes time. and one hot market. homes in the million dollar plus range if you are lucky enough to own one you are doing just fine, ladies and gentlemen. why is there such a boom in this segment of housing right now? we have answers coming up. first to sue. >> and there is big liquidity moves that you nus mentioned and they are fuelling a rally. stocks are off the highs at this hour. we still have a gain in some of the indexes. that's the big etf that tracks china. the ftse china is up almost 4%. now a little better than 4%. bertha coombs is at the nasdaq. mary is here with me. >> we have a lot of steam. about 173 point range. so holding on of course as you would imagine when you have a rate cut in china it leads energy and materials. the materials sector at the s&p 500 is approaching a 52-week high tod
the s&p 500 up a half percent and russell up. the big reason for today's run, china cutting interest rates. why did china do it? he says the economic situation behind the great wall is not good at all. we will talk to him in four minutes time. and one hot market. homes in the million dollar plus range if you are lucky enough to own one you are doing just fine, ladies and gentlemen. why is there such a boom in this segment of housing right now? we have answers coming up. first to sue....
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Nov 13, 2014
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the russell is still negative. as for the transportation average, it was down just a tad just a few minutes ago. now down less than 0.5%. it's a consolidation do you heen on the floor of the nyse. >> absolutely. and what a comparison with yesterday where we were watching that amazing drama taking place just a few blocks from where you are. that will do it for a relatively calm edition of "power lunch." >> all right. "street signs" starts right now. see you tomorrow. ♪ >>> so it is another record high for stocks as low gas prices send shoppers to the stores. welcome to "street signs," everybody. we'll get more on that. >>> plus the most positive economic indicator you probably never heard of. why congress seems to have finally gotten a clue. >>> and a stock market stat that you've got to hear twice to believe, mandy. >> maybe even three times. >> a lady. >>> we may be off our highs, but before that happened, as you said, record highs for the dow and s&p. however, let me really show you where the action is happenin
the russell is still negative. as for the transportation average, it was down just a tad just a few minutes ago. now down less than 0.5%. it's a consolidation do you heen on the floor of the nyse. >> absolutely. and what a comparison with yesterday where we were watching that amazing drama taking place just a few blocks from where you are. that will do it for a relatively calm edition of "power lunch." >> all right. "street signs" starts right now. see you...
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Nov 3, 2014
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the onus back on the bulls and the russell. they need to close above 121. if they can't do that, it's right back down to 108. >> good point, erin. reminds us, too, one of the reasons to be attractive here, less international exposure as the dollar strengthening. maybe rather be more exposed to the u.s. than some of the overseas markets. >> absolutely. also, we haven't quite seen the earnings beats for the s&p 500, we have a record number of companies beating estimates. 75% of all companies are beating the s&p, earnings estimates for third quarter. 10% more than normal and coming from the misses so usually we see about 25% missing. we have 16. like this is just a phenomenal quarter. >> is that because companies are so good at keeping the bar low and clearing it? >> you would think so but the revisions have been equally higher and usual annual revisions go up 3% so it really may be companies but i wouldn't accept such a big jump quarter to quarter. looking past eight quarters, it is really tight. 62%, 65%. >> yeah. >> you haven't been so -- have you? >> no, i
the onus back on the bulls and the russell. they need to close above 121. if they can't do that, it's right back down to 108. >> good point, erin. reminds us, too, one of the reasons to be attractive here, less international exposure as the dollar strengthening. maybe rather be more exposed to the u.s. than some of the overseas markets. >> absolutely. also, we haven't quite seen the earnings beats for the s&p 500, we have a record number of companies beating estimates. 75% of...
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Nov 24, 2014
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i like the brian reynolds point on the show friday about how the russell dragged higher. i'll leave it as a little tease. thank you for now. >> later! >> stick around for guy adami at 5:00 and talking to the ceo of inovio pharma. >>> coming up here, the commercial real estate market is red hot around much of the country and the next guest said it could be heading for a crash and burn. she's going to lay out the case right after this. >>> and then later, outspoken obama kritish dr. ben carson here to weigh in on the president's latest moves with the immigration executive order, as well as the pending developments in ferguson, missouri. you are looking right now the live shot of ferguson where that town and the nation await an announcement in the fatal police shooting investigation. it's expected around 5:00 p.m. eastern time. we're back in two. stay tuned. >>> welcome back. we begin with dominic chu. >> kelly, nuance communications, stock moving higher by about 2.5% here. 147,000 shares traded. the company posted better than expected fourth quarter results. the stock up by
i like the brian reynolds point on the show friday about how the russell dragged higher. i'll leave it as a little tease. thank you for now. >> later! >> stick around for guy adami at 5:00 and talking to the ceo of inovio pharma. >>> coming up here, the commercial real estate market is red hot around much of the country and the next guest said it could be heading for a crash and burn. she's going to lay out the case right after this. >>> and then later, outspoken...
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Nov 3, 2014
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now we have the russel participating the last couple of weeks closing it down 8%. that should be more fuel to the fire as you mentioning you were looking to eat buyers is a good question as to whether or not we'll see that. i think it would be key and one of the catalysts to get us into the highers could be a job for friday. but if not, the market won't spend time much here. we'll see a sharp sell-off from levels or continuation into the newer hire hires. i'm interesting if it could move sharply lower if the data isn't enough. quantitative easing ended which could have been a big negative for the market. so does the second half of this show too much or deploy more cash to equities? >> well, you know, i think yes is the answer to that, but i think a lot of people are forgetting the actual enormity in the weight associated with the ebola fear and the crisis that is short-live as of this point at least, knock on wood, but that in my opinion was really a major component or part of there was up certainty heading into the fed announcement and earnings, but really again a
now we have the russel participating the last couple of weeks closing it down 8%. that should be more fuel to the fire as you mentioning you were looking to eat buyers is a good question as to whether or not we'll see that. i think it would be key and one of the catalysts to get us into the highers could be a job for friday. but if not, the market won't spend time much here. we'll see a sharp sell-off from levels or continuation into the newer hire hires. i'm interesting if it could move...
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Nov 21, 2014
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the s&p 500 up a half percent and russell up. the big reason for today's run, china cutting interest rates.
the s&p 500 up a half percent and russell up. the big reason for today's run, china cutting interest rates.
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Nov 4, 2014
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to make one really important point here you know the last example we had of the death cross is the russell 2,000. i'm using the iwum. topped out early in the year. made a series of lower highs, showing really poor relative strength to the s&p and what happened here in september, the 50-day cross below the 200, we had basically a 10% decline. we have since made it back here. really, what we're using these technical indicators is an input based on what we are seeing of across multiple different inputs. from a technical standpoint, the won'ting momentum in google and the death cross suggests we could see lower prices in the year end. >> the only thinking, it's extremely unreliable. we had a death cross event. that was the time to buy. what is the better predictor is the golden cross. that's where you put more credence -- to the upside. that has a little better history of the death cross. >> what is interesting about that, grasso. i want to say. >> here's the thing, this doesn't stick out to you guys like sore thumb. this was a massive bull market leader for years and years, since your golden
to make one really important point here you know the last example we had of the death cross is the russell 2,000. i'm using the iwum. topped out early in the year. made a series of lower highs, showing really poor relative strength to the s&p and what happened here in september, the 50-day cross below the 200, we had basically a 10% decline. we have since made it back here. really, what we're using these technical indicators is an input based on what we are seeing of across multiple...
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Nov 11, 2014
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the russell 2,000 advance. and that tells you leadership is spreading out. it is not narrowing. and that is a be all end all but important and lends credence to the idea that people want to own stocks more than they don't. price is now being confirmed by what the internals are telling you. >> pete, what is the catalyst for the next leg? buy backs returning? is that next? >> i don't know necessarily it's buy backs. but when people go through the various reports. yesterday we talked about the millennial not wanting to invest. i think sooner or later down the line at some point that money has to go into the market because i think guys are missing it the longer they have stayed out. and the protection levels we've talked about, we're back in those areas where we're well underneath the 250 and 200 day moving index. means time to buy protection. i think the look at the financials. goldman sachs, j.p. morgan. the way they have been able to shrug off the bad news. >> phil on this veterans day. we're grateful for your service and thatle of your colleagues. curious how you see the market.
the russell 2,000 advance. and that tells you leadership is spreading out. it is not narrowing. and that is a be all end all but important and lends credence to the idea that people want to own stocks more than they don't. price is now being confirmed by what the internals are telling you. >> pete, what is the catalyst for the next leg? buy backs returning? is that next? >> i don't know necessarily it's buy backs. but when people go through the various reports. yesterday we talked...
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Nov 10, 2014
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the russell 2000 hanging on to the green but not by much. kate rogers is at the nasdaq standing by. first to bob pisani on the floor of the new york stock exchange. >> modest gains here. want to point out sectors moving. tol brothers giving a nice hit. 10% on the order side, a little below expectations but earnings were good and guidance still pretty good up 3%. retailers are weak. abercrombie preannounced down grades today. we get j.c. penney wednesday and wal-mart thursday. wal-mart's numbers will be lower than last year if they come in in line with the guidance. china's stocks have been small. investors able to buy a lot of chinese based stocks beginning next monday through hong kong. that is a very big change. finally, want to mention we got very good numbers in earnings still up 9% as we bring the quarter to a close. margins near 10%. the ten-year average 8.5%. despite all of the concerns about inflation in some areas as well as revenue weakness overall margins are holding up very, very well. that is one reason the stock market remains at new highs. back to you. >> bob, thank y
the russell 2000 hanging on to the green but not by much. kate rogers is at the nasdaq standing by. first to bob pisani on the floor of the new york stock exchange. >> modest gains here. want to point out sectors moving. tol brothers giving a nice hit. 10% on the order side, a little below expectations but earnings were good and guidance still pretty good up 3%. retailers are weak. abercrombie preannounced down grades today. we get j.c. penney wednesday and wal-mart thursday. wal-mart's...
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Nov 26, 2014
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think you take it to next step and the xle is that really repetitive of all the energy needs in the russell 3,000 and it is not. it's heavily dominated by the integrated, exxon, chevron etc. and they will probably be okay regardless of short-term direction in energy. but the big question on the street is how much of oil's decline is already priced in? and it's really tough to answer that? you look at the company like sea drill. this is a stock that was down 50% from june into today. and then finally they kid the thing everybody was expecting and cut their dividend. the stock falls another 20%. so are we really able to say that energy weakness all this time is already priced in given what you are seeing in names like that? i'm not willing to make that bet. if i see opec cut and these stocks pop on the news? i'm fading. >> we have breaking news. nat gas inventories just released. latest showing a the drop of 126 --. we're giving up gains we had going into this inventory number. nat gas had been up 2%. easing off that. still up about penna9/10s of a percent. wells fargo coming out saying diamo
think you take it to next step and the xle is that really repetitive of all the energy needs in the russell 3,000 and it is not. it's heavily dominated by the integrated, exxon, chevron etc. and they will probably be okay regardless of short-term direction in energy. but the big question on the street is how much of oil's decline is already priced in? and it's really tough to answer that? you look at the company like sea drill. this is a stock that was down 50% from june into today. and then...
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Nov 18, 2014
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>> we actually maj the russell 3000 index in house. the staff does an excellent job. it is much more cost effective and efficient for us to run it in house. >> my question for you is for your typical member and for people who are investing in 457s and 403 bs and 401 k plans, should they do what you do and keep a big majority of their funds indexed? >> it's not going to make me popular with the active managers out there on mutual funds but my answer is absolutely. the u.s. market is way too efficient. it is very difficult. two-thirds of active managers usually don't beat the market especially after fees. whether it is vanguard or fidelity, any index product in the 401 k makes the most sense. >> you were careful to say that the u.s. markets are so efficient that indexing is really a basic default choice. what about the foreign markets? what about obscure markets or obscure sectors within the u.s. market? can you make a stronger case there? >> absolutely. small cap that's where the small cap value managers have been able to add value and proven better than indexing. outs
>> we actually maj the russell 3000 index in house. the staff does an excellent job. it is much more cost effective and efficient for us to run it in house. >> my question for you is for your typical member and for people who are investing in 457s and 403 bs and 401 k plans, should they do what you do and keep a big majority of their funds indexed? >> it's not going to make me popular with the active managers out there on mutual funds but my answer is absolutely. the u.s....
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Nov 3, 2014
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the russell 2000 hit an all-time high on july 1. 3% of that high. one of the big movers today getting taken out in a $3.7 billion deal. that is a big mover to the upside. back to you, sue. >>> thank you very much. president obama meeting with federal reserve chair janet yellen in just about an hour from now. what is on the agenda? wouldn't you like to know? steve leisman does. >> we understand this is the first one-on-one meeting between president obama and janet yellen. we are told the agenda includes the state of the economy, financial reform and other economic issues including global economic issues and the global recovery. on the eve of the mid term election the president has been keen to highlight better economic numbers of late including gdp above 3%. obama met several times with ben bernanke shortly after standard and poorz downgraded the u.s. credit rating amid big market fluctuations. this meeting between fed chair and president comes after the central bank decided to end quantitative easing or bond buying program. there are concerns about
the russell 2000 hit an all-time high on july 1. 3% of that high. one of the big movers today getting taken out in a $3.7 billion deal. that is a big mover to the upside. back to you, sue. >>> thank you very much. president obama meeting with federal reserve chair janet yellen in just about an hour from now. what is on the agenda? wouldn't you like to know? steve leisman does. >> we understand this is the first one-on-one meeting between president obama and janet yellen. we are...
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Nov 17, 2014
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s&p up under 2, and nasdaq turned negative, the leader with the russell 2,000, and actually, that's the percentage leader to the downside. as for crude oil and where it sits now, of course, watching that very closely, and the oil market is down two-thirds a percent on west texas intermediate and brept off half a percent. that you have it. >> hope the ride home is better than the ride in today. >> has to be. >> that's all for power lunch. >> we'll see you tomorrow, and "street signs" starts now. have a good afternoon, everybody, stay dry if you're in the northeast. trust me. >>> investing in the next big thing in pharma, talking to a philanthropist, land of the setting sunrising again economically speaking. what's it mean for you? settle in for the hour, folks, my co-pilot is melissa rain as brian is braving the wind and rain. >> it's dry here. not much on the surface, but there's big movers, you mentioned the move in japan, watching the etf that tracks japan, the ewj, down 1 .5%, more on this in a bit, but it basically forced recessions since 2008. there's a bid within the markets to sa
s&p up under 2, and nasdaq turned negative, the leader with the russell 2,000, and actually, that's the percentage leader to the downside. as for crude oil and where it sits now, of course, watching that very closely, and the oil market is down two-thirds a percent on west texas intermediate and brept off half a percent. that you have it. >> hope the ride home is better than the ride in today. >> has to be. >> that's all for power lunch. >> we'll see you tomorrow,...
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Nov 12, 2014
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s&p 500, russell 2000 very overbought right now. that's going to make it difficult. that's why moving side ways is good and works off that overbought condition. remember this report, the chinese hacking the u.s. weather system, a new etf that is cyber security etf. what a great day to have this. >> no kidding. they have an etf for everything these days. >>> let's bring in kenny pokari. welcome guys. david, let me start with you and dove tail with what bob was saying. we made consecutive new highs, probably understandable that this market would want to consolidate and perhaps healthy. >> thank you for having me. i agree with some of that. i think on the one hand we are seeing a lot of risks in the market driven primarily by global growth concerns with europe and japan. u.s. market has been reaching new highs. there are reasons to be cautious. the flip side is that we are seeing really good indicators in the u.s. we have gdp growth up 3.5%. we have companies reporting well. we have consumers benefitting from lower unemployment and lower oil. i think there could be more
s&p 500, russell 2000 very overbought right now. that's going to make it difficult. that's why moving side ways is good and works off that overbought condition. remember this report, the chinese hacking the u.s. weather system, a new etf that is cyber security etf. what a great day to have this. >> no kidding. they have an etf for everything these days. >>> let's bring in kenny pokari. welcome guys. david, let me start with you and dove tail with what bob was saying. we made...
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Nov 11, 2014
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from the levels even after a bit of a pullback, if we break out from current levels especially on the russell 2000 that would be very bullish for the market. it would cause hedge funds people to add leverage and have performance figure to help the market rally higher. >> it was kind of scary for a few weeks in october before we bottomed out. what if you got caught up in the volatility and missed out on a 10% rally? is it too late because traditionally this is a pretty strong time for stocks heading into year end. >> it shouldn't have gone down. the fact it went up is not anything unusual or terrible. i think the market's fundamentals are still in tact. the fed is still there and valuation is okay. we got a scare. it was scary. it was a classic bull market correction and i think it is over. >> how much has the job market renewal played into the market rally? here is my thinking. more people go back to work. they contribute to the 401 k. state and federal local governments start to increase employment. people contribute to the pension plans. the 401 administrators and the pension plans have got
from the levels even after a bit of a pullback, if we break out from current levels especially on the russell 2000 that would be very bullish for the market. it would cause hedge funds people to add leverage and have performance figure to help the market rally higher. >> it was kind of scary for a few weeks in october before we bottomed out. what if you got caught up in the volatility and missed out on a 10% rally? is it too late because traditionally this is a pretty strong time for...
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Nov 24, 2014
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to throw a party in the stock market and the way that manifests itself in the united states with a russell 2,000 that absolutely exploded. so i think if you're looking for anything at all similar, the way to play that is european small. you have a lot of different ways you can do it these days. >> i would be focuseds on germ eny where i would make my investment. if it's going to work it's going to be reflected strongest in the german economy, markets. if it's mot going to work, germany is going to telegraph for you the problems that are going to come throughout the year in europe in 2015. >> who else but jon najarian seeing something unusual in a software name. find out how he's playing it after the break. black friday almost here. we're going to find out what the hottest selling items are expected to be and which companies stand to get a boost. more halftime show is up next. >>> coming up at the top of the hour, on "power lunch" apple hitting new highs. the market cap approaching $700 billion with the dow and the s&p at record levels. is there any value left in the big cap names? we'll ta
to throw a party in the stock market and the way that manifests itself in the united states with a russell 2,000 that absolutely exploded. so i think if you're looking for anything at all similar, the way to play that is european small. you have a lot of different ways you can do it these days. >> i would be focuseds on germ eny where i would make my investment. if it's going to work it's going to be reflected strongest in the german economy, markets. if it's mot going to work, germany is...
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Nov 4, 2014
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the russell 2000 is down five points on the trading session. record highs for the dow transports is linked to the drop that we have seen in oil. the transports are up 36 points on the trading session. so in the oil market we did see prices come off of their worse levels of the trading day but down better than 2% on west texas intermediate. it will be an interesting close. >> and lots of questions about what the true impact of falling oil prices will be. that will do it for this edition of "power lunch." . >> "street signs" starts now. see you tomorrow. >>> and welcome to a very special "street signs" where we are all over this historic energy slide. right now crude oil is sitting near a four-year low and pump prices are holding below $3 a gallon and 30 minutes away from the close of oil trading. we will be picking apart every aspect of the crude collapse to find out what it means to you and your money. first of all, brian sullivan is on assignment so i am happy to have john fortt and steve
the russell 2000 is down five points on the trading session. record highs for the dow transports is linked to the drop that we have seen in oil. the transports are up 36 points on the trading session. so in the oil market we did see prices come off of their worse levels of the trading day but down better than 2% on west texas intermediate. it will be an interesting close. >> and lots of questions about what the true impact of falling oil prices will be. that will do it for this edition of...
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Nov 20, 2014
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interestingly enough, the russell 2000, that is the small cap index which has been rebounding over the past two months, it fell about 1%. its biggest move to the downside. although, 29 stocks on the s&p 500 were able to hit a new 52-week high and that does include target, which reported better than expected earnings. >>> driving into the european markets, we did get that weaker than expected eurozone pmi data which came in disappointing. markets are reacting to the downside. we're looking at the xetra dax down 50 points. french markets down 41. i also want to point your attention to the ftse 100. we did get in uk retail sales numbers this morning. furniture sales indicating a rebound in the housing recovery. the ftse 100 still trading down by around 40 points despite a better than expected retail sales number. we are at session lows on the index. >> thanks, seema. we're going to have a look at that on russia now. the hribal has strengthened about 0.3% today. it is still down significantly on the year. exporters have to sell a bit of that to settle some tax bills. over the course of the
interestingly enough, the russell 2000, that is the small cap index which has been rebounding over the past two months, it fell about 1%. its biggest move to the downside. although, 29 stocks on the s&p 500 were able to hit a new 52-week high and that does include target, which reported better than expected earnings. >>> driving into the european markets, we did get that weaker than expected eurozone pmi data which came in disappointing. markets are reacting to the downside. we're...
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Nov 11, 2014
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. >> the russell 2000 now rebounding at a four-month high. this was small cap index which basically got crushed in early october. you see small caps, which is a mostly domestic oriented name especially in the u.s. economy continues to improve? >> what we've seen over the last few months i'd categorize as a dead cat bounce. they did underperform by over a thousand basis points going into october year-to-date. they've had a little bit of a rebound, not enough to call it sustainable at this point. and the stronger -- the stronger dollar, stronger u.s. economy is a small positive for small caps. but a lot of these companies still get a decent amount of their profits overseas. so it's different than what it was ten, 15 years ago. >> given that u.s. markets have seemed to come through the end of qe3 without any real significant pullback, are we now in a sweet spot for equity markets in the u.s., at least until equity markets go up? >> yeah. i think we have room to go. usually it takes two to three rate hikes before it cause aes problem for the mark
. >> the russell 2000 now rebounding at a four-month high. this was small cap index which basically got crushed in early october. you see small caps, which is a mostly domestic oriented name especially in the u.s. economy continues to improve? >> what we've seen over the last few months i'd categorize as a dead cat bounce. they did underperform by over a thousand basis points going into october year-to-date. they've had a little bit of a rebound, not enough to call it sustainable at...
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Nov 25, 2014
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small cap stocks, unchanged on the year as measured by the russell 2000. after a big year last year, this has for the most part been consolidation and sideways chop. it's a thin and dominated market by a few super cap names. it's really been -- this year that are the winner, clearly. >> and let's focus in on emerging markets. out of the brick nations, india is the best performing market. it just shut a new record high, up about 34% year-to-date. john, would you recommend clients to get bullish on india here or do you think at some point valuation will become a kern. in fact, the index is trading around 20 times earnings which is more expensive than its emerging market peers. >> seema, i think the best time to be investing in india this year was ahead of the elections. post elections, it's been an amazing run, as well. but at this point, that market does look like it could be due for a rest before it moves ahead again. the real question in india is a question of execution in items of restructuring, reforms, getting infrastructure build out. we would have to
small cap stocks, unchanged on the year as measured by the russell 2000. after a big year last year, this has for the most part been consolidation and sideways chop. it's a thin and dominated market by a few super cap names. it's really been -- this year that are the winner, clearly. >> and let's focus in on emerging markets. out of the brick nations, india is the best performing market. it just shut a new record high, up about 34% year-to-date. john, would you recommend clients to get...
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Nov 20, 2014
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. >> people point to the russell, almost 5% off the highs. that is a canary? >> it is to a degree. this is kind of a weak period for small caps. we'll give them a buy for a little bit if they get much weaker, it will be a problem. >> obviously, the bad news abroad we talk about an awful lot. you can argue it's good news potentially for this economy. it reduces the need to raise interest rates. goldman sachs put a note out that says we could have three years above 3% growth before interest rates start to bite. they are talking about only after 2016 do you get serious interest rate hikes from the fed. three years of 3% growth will be a phenomenal extension for a normal cycle, would it not? >> it would. i would like one year of 3% growth first. we haven't been able to achieve that yet. every time we get up, there is slippage. >> but for the weather in the first quarter, we would have done that this year. >> you see what's going on in buffalo? okay? the weather is always with us. i think we may have a little bit of trouble in the final quarter, too. >> post fedewa is the analysis? this
. >> people point to the russell, almost 5% off the highs. that is a canary? >> it is to a degree. this is kind of a weak period for small caps. we'll give them a buy for a little bit if they get much weaker, it will be a problem. >> obviously, the bad news abroad we talk about an awful lot. you can argue it's good news potentially for this economy. it reduces the need to raise interest rates. goldman sachs put a note out that says we could have three years above 3% growth...
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Nov 10, 2014
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i think the russell needs to be above 121 before it seemed to be off to the races but constructive day but quiet. >> i like the point about the bond market under pressure. larry, do you see signs of something, mr. kudlow, turning, happening, percolating here? >> i just want to mention. lower oil prices is unambiguously good. i'm an optimist. one thing i see. people are telling me that the workforce is not earning any wages. from the jobs report on friday. there's a number being used. 2.0%. >> right. >> here's what people are forgetting. you have to count the hours. so hours are rising close to 3%. when you add the two together, the consumer, the so-called wage earner, is closer to 5%. that's pre-tax, pre-inflation. it ain't bad. not bad at all. we shouldn't be surprised that the economy is chugging along. >> rick? >> a lot of consumers who would argue it ain't good either working the extra hours and they're feeling the pressure on their lifestyles and dealing with raising families and they feel that they're not keeping with inflation. yes, better than people think and not as good as we
i think the russell needs to be above 121 before it seemed to be off to the races but constructive day but quiet. >> i like the point about the bond market under pressure. larry, do you see signs of something, mr. kudlow, turning, happening, percolating here? >> i just want to mention. lower oil prices is unambiguously good. i'm an optimist. one thing i see. people are telling me that the workforce is not earning any wages. from the jobs report on friday. there's a number being...
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Nov 26, 2014
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showing the russell 2000 up right now. >> dominic chu will tell us when's moving the markets and also ahead, beat the street. we'll speak with the fund manager whose infrastructure fund near the top of its class. find out what he's buying now to keep it there. we'll be back in two. in a world that's changing faster than ever, we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> welcome back. dow down four. dominic chu rounding up the movers this thanksgiving eve. >> all right. let's start off with twitter because it's a beleaguer. on the move. the company in talks of shotz a selfie app and backed by justin bieber sources tell cnbc and twitter is interested because of a younger user base of more than 3 million people and twitter shares on the move
showing the russell 2000 up right now. >> dominic chu will tell us when's moving the markets and also ahead, beat the street. we'll speak with the fund manager whose infrastructure fund near the top of its class. find out what he's buying now to keep it there. we'll be back in two. in a world that's changing faster than ever, we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and...
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Nov 19, 2014
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. >> 1,000, you know, the russell 1000 up and the 2000 is down and almost saw a butterfly there. >> i imagine the names in the space are overrun. would you go fishing in the small caps here? play around with it at all? >> i think it is early. only middle of november and once we get into december, see rotation and guys start overweighting the small and then, you know, leveraging down and then rebalancing the large. i think they will have to do this. >> leave it there for the time being. thank you so much. stick around and catch brian kelly at 5:00 p.m. talking to the ceo of the last airline that won't charge you a single bag fee. that's southwest airlines. don't miss that and head here, the commercial real estate industry on fire right now. is it a bubble set to burst? diana olick with a special report for us and two experts join us next. also, a bob marley brand of marijuana products and it's backed by the marley family. they're saying this premium cannab cannabis, good stuff. you don't want to miss that. ♪ for tapping into a wealth of experience... for access to one of the top weal
. >> 1,000, you know, the russell 1000 up and the 2000 is down and almost saw a butterfly there. >> i imagine the names in the space are overrun. would you go fishing in the small caps here? play around with it at all? >> i think it is early. only middle of november and once we get into december, see rotation and guys start overweighting the small and then, you know, leveraging down and then rebalancing the large. i think they will have to do this. >> leave it there for...
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Nov 25, 2014
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the russell 2000 to break above 1188 which we're almost there, that is a very strong resistance point we hit. the chart bumping against it all day long. getting through that by the end of the week i think we move higher into the end of the year with more propulsion in that. we have pretty strong momentum signals in the market and not waned. we pick it up at the end of the october and just remained there. >> what if we do get a move? there's a feeling out there you have a lot of active managers who will start to chase this market if it gets away from them. they don't want to miss a year-end rally and look bad on the balance sheet at the end of the year for their clients if they missed a rally of some kind. >> i think that's always in play each year we're in play last year with something similar and money on the sidelines and expected this big january to be a boost and the money coming into the marketplace after january and so that's always a big issue for the managers in terms of timing. think they a lot of managers were accumulating positions as we were moving down in the last decline
the russell 2000 to break above 1188 which we're almost there, that is a very strong resistance point we hit. the chart bumping against it all day long. getting through that by the end of the week i think we move higher into the end of the year with more propulsion in that. we have pretty strong momentum signals in the market and not waned. we pick it up at the end of the october and just remained there. >> what if we do get a move? there's a feeling out there you have a lot of active...
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Nov 19, 2014
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joining us now, steven wood, the chief market strategist at russell investments. good morning. >> good morning. >> the big event today is at 2:00 eastern when we get the minutes of the last meeting of the fomc where they were notably more hawkish in the statement. do you think today could be the day that we start re-evaluating their interest rate policy? >> i really don't think so. i think the fed has been very clear. they proceeded with the taper. they are looking around mid-2015, maybe the third quarter, to assess a rate hike. i think what that really does is signals that we've gone from these extraordinary emergency room measures into more normal environments. >> oh, come on, steve. we're not in a normal environment. they still have interest rates down at zero. there are those that suggest that actually the market is willi willfully ignoring what is under way at the fed. janet yellen has explicitly warned there will be volatility in the market. this is a process. the evolution of a message. i come back to you again today. could be a very important day. >> i thi
joining us now, steven wood, the chief market strategist at russell investments. good morning. >> good morning. >> the big event today is at 2:00 eastern when we get the minutes of the last meeting of the fomc where they were notably more hawkish in the statement. do you think today could be the day that we start re-evaluating their interest rate policy? >> i really don't think so. i think the fed has been very clear. they proceeded with the taper. they are looking around...
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Nov 6, 2014
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king digital posted better-than-expected third quarter russell and announced 150 million stock buy back program, king damage tall up 1.5%. and ubiquitity next worked creamed after posting weaker than expected earnings and guidance shy of expectation. that is trading down and we will end with gap reporting october. >>> green mountain coffee by and far the best of the year. "shark tank's" kevin o'leary, there he is. is here to weigh in. >>> and americans steal from their employers more than every other country in the world. the shocking amount costing businesses and the economy when "closing bell" tops. ♪ there's confidence... then there's trusting your vehicle maintenance to ford service confidence. our expertise, technology, and high quality parts means your peace of mind. it's no wonder last year we sold over three million tires. and during the big tire event, get up to $140 in mail-in rebates on four select tires. ♪ there he is. there he is. there he is. there he is. there he is. i'd rather do anything else than sit at a dealership. it's a lot of haggling and it takes so long. cra
king digital posted better-than-expected third quarter russell and announced 150 million stock buy back program, king damage tall up 1.5%. and ubiquitity next worked creamed after posting weaker than expected earnings and guidance shy of expectation. that is trading down and we will end with gap reporting october. >>> green mountain coffee by and far the best of the year. "shark tank's" kevin o'leary, there he is. is here to weigh in. >>> and americans steal from...
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Nov 6, 2014
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>> curt russell? >> how many years ago? >> not that long ago. >> before i was born? >> you should know about it. >> whole food shares getting a big boost. grocery store topping analyst consensus. we were at a thing where this was this comedian known to people not in your generation. i'm not going to tell you his name. >> who? >> jerry seinfeld. you never saw any seinfeld? >> every thursday night at 8:00 p.m. nbc, eastern time. >> he has not -- >> actually, i went and saw him live. he is unbelievable. >> he's so smart. he's got every -- everything that -- he's amazing and he can talk about a chair for 15 minutes. >> so can clint eastwood. >> yeah, so can clint eastwood. >> different chair? >> yeah. >> let's check on the markets this morning. we showed you the futures. they're a little bit undervalue this morning, under fair value. you can see right now, those dow futures look like they're moving back at this point. dow futures down by 3.5 points. s&p futures down by less than a point. this is coming after both of those indexes and the dow transports all closed at reco
>> curt russell? >> how many years ago? >> not that long ago. >> before i was born? >> you should know about it. >> whole food shares getting a big boost. grocery store topping analyst consensus. we were at a thing where this was this comedian known to people not in your generation. i'm not going to tell you his name. >> who? >> jerry seinfeld. you never saw any seinfeld? >> every thursday night at 8:00 p.m. nbc, eastern time. >> he...
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Nov 20, 2014
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fulg the brunt of that downturn, the russell 2,000 lost more than 1% in the nasdaq. our odds of a year-end rally dimming. joining us is mark letevie. and covering the economic angle, the interim head of north american dshg america economics at citi. interim, huh? >> no longer interim. >> you know, i was going to say, if you do really well now, you could ice it. so no pressure, but they gave it to me, anyway. >> the volatility, you're not the stock guy, but volatility seems to be a little less. and we're not -- we're sort of assuming we're doing better here. 3%. but we're still sort of trading on every economic indicator out of europe. >> yeah. >> is that the way we should be doing? >> it's taking 3% to do well, when a typical recovery, we should be at 4% or 5% peak growth. >> i like where you're going here. whose fault is that? >> leaning on the fed to help get us there is really tough. everyone says, you know, the u.s. is a closed economy. we don't care about the rest of the world. it didn't matter that, you know, the u.s. is now much more open than it ever was befo
fulg the brunt of that downturn, the russell 2,000 lost more than 1% in the nasdaq. our odds of a year-end rally dimming. joining us is mark letevie. and covering the economic angle, the interim head of north american dshg america economics at citi. interim, huh? >> no longer interim. >> you know, i was going to say, if you do really well now, you could ice it. so no pressure, but they gave it to me, anyway. >> the volatility, you're not the stock guy, but volatility seems to...