And conservative forecast. General elec profit in the co industrial u low crude prices could restrain overall growth. All that and more tonight on nightly Business Report for tuesday, december 16th. Welcome, everybody and good evening. Susie gharib has the night off. But if you like market action, then you loved today. Volatility was everywhere. In stocks, in oil, in bonds, and most especially, in russias battered currency. Lets start with stocks though. The dow was of and then up 247 point, it jumped 155 points in 30 minutes. Then came a slow fade that quickened in the final hour. Heres what the dow looked like in graphic form today. Kind of an ekg in desperate need of a betablocker. At the close, the dow was off 112 points, nasdaq down 57, a drop of 1. 25 and s p lost 16. Now down 1. 4 fo far. As for oil, it was a wood blast job too. At todays finish, west domestic texas crude snapped a four day losing streak. It ended a whopping 2 cents higher to close at 55. 93 and traded above 57
Are you conservative enough for republicans . Many gop voters have their doubts about jeb bush. We put together a focus group in New Hampshire. It is hightech. A luxury watchmaker is joining forces with Silicon Valley. Welcome to Market Makers. Our stephanie ruhle. And i am bill cohen in for Erik Schatzker. It is march madness. Stephanie it is and we will discuss it over the next couple of hours along with bills beard. We have some breaking economic news. The leading Economic Indicator scarlet fu is in the newsroom. Our viewers want to not hear about bills beard so much. Scarlet Business Outlook survey is a disappointing read. The index came in at five which indicates a drop from the previous month of 5. 2. This is an unexpected decline. Economists were expecting an increase to seven. The second data point is leading index. It has seen a sharp deceleration over the last half year from 1 in july 2. 2 in january. We have stayed at that. 2 . In terms of effect on the financial markets, u.
Pretty tight supply. Weeble have fabers inclusive interview, and another upgrade for netflix, this time its ubs. Were going to walk you through that call. First up apple preorders are surging. They received almost 1 million orders on friday according to slice intelligence. No comment on they numbers from a third party. This took one day. Look basically a sight unseen fabulous ads, and i think what this says is long run, because if theres a million early adopters without even people just figuring how to sync, i would say this is not a 2016 phenomenon. By that time everyone will know you have to have this as a device. You know what . People under 25 carl theyve never had this device. Suddenly theyre going to wear it because its part of their ecosystem. Those of us older who have a watch, were trying to figure it out. Younger people have figured it out. They need it. Piper jaffray, everyone is trying to do their work. B of a is a little higher than that. Even if they sell eighth year is a
Noon. Heres a good place to start. Is in advanced negotiations to acquire all the lucent. It would help no p. M. Compete with eric help nokia compete with ericsson. Calpers had an increase of 6 over last year as the value of its portfolio rose by 8 . Shares of profits have more than tripled since the recovery brought on by the recession. Walt disney is investing in a Steven Spielberg film the bfg. The bfg. It is based on a terrific childrens book. If you havent read it, it up. Pick it up. There are less than 60 minutes to the close of trade. Scarlet fu had and i on some of the late action. Scarlet weve been drifting around in search of earnings before tomorrow. Cautious trading in europe helps to set the tone. Tomorrow, jp morgan, wells fargo, j j, intel reporting. Ahead of that, down slightly for the nasdaq s p, and doubt. The fix is moving up, which shows the increase in prices investors are willing to pay. It is just below 14 right now. You gave us some great approaches him a dollar
The close of trading. Scarlet fu is looking at the action on the markets. Scarlet they want to pull higher. They have been meandering all day. You have two Straight Days where the dow average moved at least triple digits or close, more than 100 points. We are not continuing that streak. We have been positive all day long. We are up 66 points. Trading in dow, s p, nasdaq stocks at least 10 below the 10 day average. Utility stocks are leading the way, up almost 1 . Energy stocks leading the decline, down 0. 75 . The dollar posted its first monthly drop since last june in april. It has resumed its rally, up for a second day. Just barely, but it is higher up almost 1 in may. Factory orders stronger than expected ending a streak in which manufacturing related numbers kept missing analyst estimates. You can see crude oil down 0. 3 and copper lower by 0. 4 because of week china manufacturing data which indicates contractions. Alix very busy day. Here are top stories we are watching ahead of t