Yesterday. Our road map begins with twitter taking a tumble after earnings leak early. Rick joins us first on cnbc later this morning. And starwood searching on a possible buy out down the road. Big reversal in go pro shares. Go pro guidance beating estimates. The u. S. Economy expanded by only point 2 in the first kwauter. This has businesses slashed investment and exports fail and Consumer Spending accelerates. They plan to wrap up their meeting a few hours from now. Investors will be paying close attention to some hints. Be sure to watch cnbcs special coverage today, 2 00 p. M. Eastern time. People are not expecting much jim, and much of todays data argues much so. Today is a surprising today whether every trend were looking at be for earnings or these numbers being turned on its head. When you see the gdp number if youre taking a step back what could the fed do to make the economy grow faster . This is a devastating number. Obviously, the future has went down a lot. People are so a
Something we saw today in a session, the dow gained, the nasdaq climbed. 31 . Once in motion, these old line stock, kind of like fabulous running back, when everyone else gets tired in the 4th quarter, they will not quit. Let me tell you about ten remarkable stocks, all have been rerated. Thats the term from wall street, as different, Better Stories in the last few month, not much fanfare. So as not to hurt anybodys feelings. Back in june, best buy was trading at 26 bucks. That was a remarkable run in january. Most people figure best buy had to collapse from exhaustion of such a move. I mean its retail. It has been shot by multiple attacks by washington. We all know na Income Growth has been staggering. Employment, while creeping higher, isnt going to maintain best buy servers. Right . Wrong best buy has been putting out numbers that are downright awesome. In fact the company is saying amazon is their show room. Because theyve cut prices cheaper than ann amazon and the Playing Field is
The u. S. To the downside by almost 3 . Macro data has largely missed today. Everything from China Services pmi to german factory orders. Our road map with alibaba. The ecommerce giant files for what could be the biggest internet ipo in history. A peek at chinas fast growing ecommerce market and one unusual company. Record earnings for disney. Frozen sales continue their hot streak. Disney chairman and ceo bob iger will join nous a cnbc exclusive. Shares of whole foods plunge down 17 this morning cutting their outlook, profit disappointing the street. Well hear from Ceo Walter Robb first on cnbc. Fed chair janet yellen will head to the hill about an hour from now. Is she going to move the markets . First up, alibabas filed for what could be the Largest Technology ipo in history. The offer could value the chinese ecommerce site at more than 100 billion, raise more than 16 billion which would top the amount that facebook raised at its 2012 ipo. Yahoo stake in alibaba worth about 26 billi
Friday. Right now, its time for squawk on the street. Good morning, welcome to squawk on the street, im melissa lee with jim cramer and Brian Sullivan. Carl quintanilla has the day off. What we saw yesterday earthquake the best day for the s p and the nasdaq over a year. Data out to contend with, an adp number in december, jobless claims, may be taking a breather in todays session, the dow looking to lose about 33 at the open. Take a look at the picture in europe. Does also look like europe is taking a breather. Yesterday, it is worth noting the stock indices there hit 17month highs. We are seeing a down day almost across the board a road map, starts with the new years rally, where we go from here. The dow surging more than 300 points, closing at two 12 1 2m highs yesterday. Leadership from technology and financials, a boost today with upgrades. Lots in the coming days. The big jobs report tomorrow. Oh, yeah, the battle over the debt ceiling and spending cuts. Retail doordie, december
Typographical errors that prompted overly aggressive searches. This group for one thing, not responding to them or even reporting them is quite another. Its not only sloppy but illegal and now we come to find that the smartest Intelligence Surveillance court that is supposed to keep an eye on them to not even learn about some of these violations until months after the fact willing among constituonal which is kind of like locking the barn door after all the animals left. My friends, step back and ponder the sheer magnitude of what is going on. Only a couple of months ago Deputy Attorney general praise the extensive safeguards put in place to make short spies to not run amok. Remember well. Every now and then there may be a mistake. The deputy ag must have the very different understanding of now and then. To me that means maybe once a twice. To him it means more like a thousand of 2000. Either that was his definition then are you was lying. Its hard to tell because no one talks and the s