Cat. Its gone from being an animal thats adorable mans best friend to an animal that does whatever the heck it wants. Not just a house cat. Sometimes the darn thing is a tiger with a thorn in its paw. Like today when the dow punched 187 points s p tumbled 8. 5 and at one point the market was town almost twice that. I say you have to get used to this genius change here because its profound. You can train dogs. For the today show, matt by the way, im voting for wrangler. You cant herd cats. You can punish dogs and they will obey. Cats, as i have learned from happy, hire, iverson, dinah, buddy, bessey flow and don julio a little variation in the name never hurts cats could care less. Yes, i did have all those cats. In the end, you can make your peace with both and im urning you to do so tonight, even if you might get scratched or bitten in the process. First, what happened . Where did the dogs go . Who let them out . Okay. I think we got a little complacent at the end of 2014 but we got u
Change or make the japanese find another way to grow other than just dump their cars on us. Yeah, weve come to accept that the rest of the world is relying on the u. S. To help them and we dont like it. Its too hard. And that reaction led to a wholesale selling of american stocks today which is how the dow tumbled 252 points s p fell 1. 3 nasdaq declined 1. 03 . Hideous. Yep. You know what, its become a zero sum game. We know that other countries are going to keep weakening their currencies, and were going to get earnings from those countries that arent as great as they were. Because our Companies Report in dollars, not yen or euros or rials. And while i always plead with you its a market of stocks not just some giant asset class, my pleas have fallen on the deaf ears of hedge fund managers, that dont trifle with individual companies. They just accept the dollar is going up and going up so much that its per se bad for all american stocks even those who it actually isnt bad for. So the
170plus billion dollar company. Thats a huge move. It is and its incredible those earnings still could blow it out. A lot to do with frozen. We talked about it yesterday but the reaction initially was not as strong as what weve seen throughout the session. Its held up well throughout a volatile session. Speaking of volatility, look no further than oil. Remember the big rally weve been talking about and the price of oil, it has reversed itself. Its now given back all of the gains that we saw the last two days. The price of oil settling down more than 8 today. For a period of time it was down 10 just off the lows. Well talk more about that coming up. More market moving earnings also due out in an hour. We have 21st century fox today, Keurig Green Mountain under armour yum brands. Dont miss a moment of it. Were waiting for the big unemployment number on friday. Right now it stands at 5. 6 and the Unemployment Rate is a big lie. Thats not me saying that. That would be the ceo of gallup of
A bit yesterday in yield. As for crude oil which has been the key to the stock market of late, you can see we are down on the allimportant wti crude. Lets get to our road map this morning on squawk on the street. Markets set for a lower open. Even as gdp comes in above estimates. The fed outlines the end of that bondbuying program. Visa and mastercard both higher premarket after reporting results ahead of the streets expectations. Both companies citing higher volumes. One of the most high profile executives in the world, apples ceo tim cook announces he is proud to be gay in an oped this morning. The Commerce Department says gdp expanded at a 3. 5 rate the Third Quarter. Stronger than expected results aided in part by a jump in exports and increase in military spending. Meantime, jobless claims rose last week by 3,000 to 287,000, but the fourweek moving average fell to levels not seen since may of 2000. The data coming out one day after the fed announced an end to its bondbuying progra
Wasatch Advisors LP cut its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT – Free Report) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,482,668 shares of the company’s stock after selling 24,734 shares during the quarter. […]