The only stocks that are doing well right now, some of the reopening trades and some of the big laggers for the year like cruises and airlines and some retailers still in the Green Energy Stocks also outperforming. Is this the start of a serious correction or a buy the dip opportunity were diving into that debate. 59 minutes left of trade 59 minutes of of this roller coaster session. Lots of guests as well the market pulls back. Well speak with three ceos that got insight into the state of the consumer, their spending and recovery in america. The ceo of campbells soup will join us on the back of had his companys Earnings Results that stock down 7 right now plus, well get two reeds on the beaten down travel sector with glenn fogel and mark hopelinger. Well speak with nick clegg about the new policies surrounding the election looking forward to that one. Lets get straight to our top story of the day the market selloff Mike Santelli has more on the major market pull back. A big pluflush o
Were unusually quiet, with the average moving a fraction of a percent. Volume at yeartodate lows. Is this the ultimate bull bear showdown ahead of the jobs report tomorrow . Is this the calm before the storm . Guy . I say absolutely yes. I think weve been pretty consistent with this. I think the markets going to continue to rally. I think it rallies tomorrow regardless of whatever number comes out at 8 30. I do think theres a chance we touch 20, 25. I think were going to fail there. A couple of interesting things here. Exxon mobile down on today. Crude is now shrugging off potentially bad news going higher. I think the obx is going to have one of those days that it had a couple of weeks ago. This time opening on the lows. Closing on the highs. That coincides with the s p at 20, 25. In this showdown, the bulls are the temporary at least winner in your view. Theyve been a winner, yeah. Yeah. Definitely the winner right now. I think going forward, right now people are just tremendously fe
Were getting the move. There is two primary ones. Better china trade data, particularly on the exports. Then bank earnings, jpmorgan, lets call it good enough. Thats my phrase. People were expecting downbeat commentary. We didnt get that. That helped move the financials and the overall markets. High cash positions forcing a lot of people into the markets, Short Covering going on. Look at the china trade data. The news on china has been relentlessly bearish for a year. Everybody said, oh, my heavens, maybe the news isnt so bad. Short covering rally and hang seng, up 3 . Japan up, france up, everything up 3 . Thats a nice move for all the global markets. It is spilling over into our markets as well as europe, china trade data, helping things like material stocks, all been strong, so youre steel stocks like midtall, bhp billiton, glen corp. , all those stocks up here. Banks in the u. S. , jpmorgan strong and all of the other stocks in that group up about 4 . Key point here, banks underper
Hour. Anything kand often does happen in the last hour of trades. Stay with us. Well bring you all the details as they play out. It will been exciting close. Joining us ken mahoney, joe hider, Steven Parker of jpmorgan and lynn siindsey bell and our own rick santelli. Weve seen a growth bid this week. I have been talking about it all day. Consumer discretionary, tech materials. Is this finally the year for growth . Its been dzefensive for a while now . I think its a great sign for the market. Last year was a tentative rally. We saw things like utilities and staples leading. As yields were coming down investors were looking for other sources of income. What weve seen over the last couple week those cyclical name, the tech names, Consumer Discretionary names are starting to catch that bid and thats a positive sign. Is this normal for this stage of a recovery . Were in year six. Had isntthis isnt a normal recovery. A lot of what has been driving this is the yield. A lot has been focused o
Its that time again. Time for final trades. Which pete, means youre on the hot seat. Kriet now i will go with crocs. Also trading extremely cheap valuation. I think this name will finally recover. Stephanie in. I like s p on pull back. I like the enterprise product and portfolio. Have you a nun Analyst Meeting coming up. Josh brown . I still think lowes will take out the 40 and get going. Hasnt happened yet. Mike murphy . Hertz, a great set up here. Announcing selling 60 million shares from one of the firms that open the company. The stock opened lower. Rallied off that news. And i think hertz is prime to move into the mid 20s here. Can you own the name here. Guy we guys, that does it fo. Follow me on twitter. Facebook headlines are coming momentarily. Power lunch will have them, right now. And scott wapner will be delivering those headlines when they break. We had that breaking news, as facebook announces something. Something. There are many reports it has do with a redesign of the pr