Lets go straight to the markets desk work julie hyman has the latest. It looks like mario draghi caused a bit of a selloff. Can debate theou combinations. It is causing a slight selloff. Dowcontext for the s p and is that we close the high for the year. Yesterday was the high since last summer. So, investors, as we get to the sorts of levels and valuations, you get a regular says it as to whether the recent rally is justified. Of course, mario draghi asking for the ecb stimulus measures to work. That is having a clear impact in places like the currency markets, we know that mark will ve more details on the euro. Here is the dollar, looking at the bloomberg index, you saw as drug use speaking, we have a rebound back up 1 10 of 1 , also, looking at a movement in oil prices. Down, still above 43 per barrel. That is the mario draghi ripple effects side of the region. Companies ine 109 the s p 500 that reported earnings. Is a looking at the bloomberg. It is hanging onto a gain of 60 of the
Bouncing around throughout the session. Each stock is down about a quarter percent. Earnings. Just about we have Energy Stocks gaining as oil falls, curiously enough. You can look and see energy and materials are the two best performing materials. Consumer staples are on the downside today. That is shaking up. Verizon is what is pulling down the telecom shares. Wireless subscriber growth Beat Estimates but because of negotiations with labor unions, that is going to weigh on secondquarter earnings. Apple, which has delayed the Earnings Report by oneday is coming out with a shares falling about 1. 25 today. A lot of divergent views on apple. And cocacola is down for the second day after its report, even as analysts report weather yesterdays drop was justified. Tracy lets give you a break from the earnings. Tell us what else is moving . Julie oil, we are watching that today. It has had a drop as we have seen the dollar bounce around. Thes up off the lows of session. Speaking of the dollar
470 of them front office jobs. Now to carl cant ania and the beginning of squawk alley. Good morning. It is 8 00 a. M. At apple headquarters in cupertino. 11 00 a. M. On wall street, and squawk alley is live. Good tuesday morning. Kayla is off, but with us as always john and myself at post nine. Joining us today jessica lessen, the founder of the information and cnbc contributor. Jessica, great to have you with us as well. On a crazy day, cramer called it an emotional opening, and it was certainly that. Were well off the lows. Oil has gone green after a miserable morning. Lets start with the markets falling, of course, since the open right now. Dow down 86 points. S p is down about seven. We mentioned oil going positive. Our bob pasani on the floor watching everything. Bob. We are in the middle of a modest rally. Remember, we were we got down 20 points in the s p 500 right at the open, and we have more than half that with the s p down only six points. Lets take a look at the market int
And it doesnt look like well see nasdaq 5,000 today. Before all of this point talk the nasdaq 5,000 was the level we were really watching. Of course, we dont know what can happen in the final minutes but we are off 22 points on the session which puts us what do you say, about 35 points away from that key level. Again, the record closing high is about 5049. Not going to get there at the end of the february. That gives us a target for march. The same day, possibly, bob that we hit that level previously in 2000. Meanwhile, the biotechs have been a leaving driver of the march to nasdaq 5k. Up nearly 300 over the last five years. Some see a bubble in the sector. We will have a debate. And word came just a short while oak aboutago about the death of Robert Benmosche. We have about an hour to go. Lets get more on what has been a huge month for stocks. Joining our Closing Bell Exchange we have. Beth ann from s p and mike mcqueen of high tower. Of course, Rick Santelli always joining us. Mike,
Below expectations due to bad weather and cautious spending. Another poll suggests scotland is leaning towards voting for independence. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Good morning, everyone. Youre watching Worldwide Exchange and its tuesday. Happy apple launch day. Tech tuesday producers are very happy about the alliteration] in that cycle. It will be exciting to see what they actually launch. Absolutely. And it should be real interesting to see what the stock will do. Usually with regard to apple announcements, we see buy the rumor, sell the fact. Apple shares have been selling off, at least the last couple of days, especially last week. Well see. Maybe it is sell the rumor, buy the facts. Indeed. The wait is nearly over. Apple is holding an event at 1 00 p. M. Eastern in its hometown of coopertino, california 37 thats the same site where steve jobs introduced the original mac computer 30 years ago. Apple is expected to u