A desperate rush to the safety that americas Treasury Bonds offer. How about oil . Wild swings there been no reversal of the big tumble. There is a worldwide glut because america is producing a record amount. This turmoil began from the get go and the trigger seemed to be that second ebola case which was confirmed in dallas. There were traders this morning worried about paralysis in america. People afraid to travel. Charlie gasparino and the wall street journals mary kissel are both here. I did talk to a couple traders this morning who said watch out, the ebola scare, paralysis, people afraid to travel. Is it the black swan event . I dont know if this is the exact black swan. Black swans come out of nowhere. One good thing about varney and company as we told people this was going to be a tradeable had line and it would be much deeper decline. I will say this. The market is trading whether we like it or not. Some of this is irrational fears. A second possible case, bad stuff but it is t
Best day of the year, the dow has to add more than 198 points. Its having no trouble doing that right now, bill, but as we know, the last hour this year and, in fact, part of last year as well has often been when we see the market pull back a little bit. Weve seen rumors again, reports actually, we just confirmed about perhaps some russian activity in the Southern Region near chechnya. The russians tested an intercontinental ballistic missile. But we apparently already knew that about. It was a test that was already scheduled. It went successful, it was a nonevent so we move on. And move up. The markets moved up on that news. And a reminder, here is where we stand. The dow adding 235 points, 1. 5 , same for the s p 500 at 1,873. Less than 2 from 1,900 and the nasdaq adding almost 75, 4,351 is the level there. Strong day. Yes, it is. Lets talk about it in our closing bell exchange. Gemma godfrey from london. We have amy wu, dick burrige. Tom carsten and our own Rick Santelli. Ji gemma,
Closing bell is next. See you tomorrow. Hi, everybody. Good afternoon. Welcome to the closing bell. Im Maria Bartiromo at the new york stock exchange. Good to see you, scotty. A steady drip lower for this market today. Nice to see you as well. Im scott wapner in today for bill griffith. In the markets right now, take a look at the major averages. Dow down 71. 5 points, at its worse. The dow was looking at a tripledigit loss. Got down to about 91 points or so, still sitting down right now. Nasdaq, s p are off with one hour to go in this trading day. Maria . Well get much more on the markets coming up, but first Steve Liesman with breaking news right now. This is the latest read on the u. S. Economy. Steve, what can you tell us . Maria, thanks very much. The Federal Reserve reporting Consumer Credit for november, consumers in a borrowing mood with Consumer Credit rising 7 . Nonrevolving credit, auto, student loans, up by 9. 6 with a big rise in student loans. The federal part of this thi
Policies, on some regulatory issues and things like that. I dont think they will get that tonight in the speech, may get mentioned, an overall thing i need to simplify. You cant see past the quarter which is why they have so much cautious. You want to stay long. Ite be getting out of my positions. You can get out but cant always sell them. Thats why youre a veteran trader on the floor of the stock exchange. Thanks for joining us. This will be the first close above 14,000 since february 1st. More on that and, plus, whats going on on Carnival Cruise lines . Ill see you tomorrow. And it is 4 00 on wall street. Do you know where your money is . Hi, everybody. Welcome back to the closing bell. Take a look at how were set lipping out on the street today. After a pretty good rally in stocks. Nasdaq was under pressure dow up about 47 points. Thats off the best levels of the afternoon, and volume really underwe underwhelming today. Nasdaq down five points and ath big problem there showing anoth