Seen in the dow just since yesterdays highs. We talked yesterday about the outside reversal we had and what that meant technically. Art cashin among others really focused on what this has looked like from a trading point of view even as people are arguing about the fundamentals and speaking of which, lets talk about a couple wacky things going on in this marnth. Ket. Well get you all angles covered. Why are mining stocks being routed . How come retail sales look so weak when gas prices are so low . Will europe come to the rescue next week with their version of quantitative easing . And does all of this add up to a global economy, bill thats healthy or in trouble . Let me show you the stock market and then we can talk about oil as well. The dow industrials as we said down 258 right now, a decline of almost 1. 5 . S p down 21 points. Decline of more than 1 at this hour. The nasdaq is doing better than the three. Down 39 points or about 0. 85 at 4622. Show you oil very quickly. Late today
Deere earnings beat but outlook weak. Quote, sluggish conditions in the global farm sector. The stock is moving lower. And after walmart hikes pay for 500,000 employees the downgrade for the stock, nordstrom earnings out as well. First up nasdaq in the mid of its best winning streak in a year aiming for an eighth straight day of gains. Closed yesterday at a 15year high within 76 points of 5,000. Facebook among the nasdaq stocks in the spotlight after a note assigning 33 billion valuation to Facebooks Instagram unit saying it sees users more than doubling by 2020. They say, jim, according to their surveys, it has most pentup ad demand. Facebook at 91. A big part of the business. I think it can happen. My Charitable Trust owns. 11 employees, one of the great follies of zuckerberg, what was he thinking . And of course it turned out to be amazing. I think whatsachlts pp will bring in a couple billion new people on facebook. This is a man people underestimate. A lot of people saying short s
Shes watching, isnt she . Jennifer im jennifer granholm. Tonight in the war room, the far rights response to any proposal put forth by the president has become so predictable, so set in stone that any description of it is merely a matter of filling in the blanks. The American People overwhelmingly support gun safety reform. Jennifer spread of the will of American People, Congressional Republicans can do anything they can to stop gun safety reform. Jennifer theyre beholding to specialinterest groups. In this case announcer the National Rifle association. Jennifer their refusal to support gun safety reform will hurt them especially among women. It can best be described as moronic, illadvised thinking, hash tag fail system overload. System overload. System overload. Jennifer so yesterday the president showed strong resolve in calling for new gun safety legislation and today republicans reacted by going completely out of their minds. As humorist put it, theyre now accusing president obama
[ theme music ] jennifer im jennifer granholm. Tonight in the war room, the far rights response to any proposal put forward by the president has become so predictable, so set in stone that any description of it is merely a matter of filling in the blanks. The American People overwhelm overwhelmingly support gun safety reform. Congression analyst republicans will do everything they can to stop gun safety reform. Theyll do this in part because theyre beholdened to special interest groups. In this case the National Rifle association. And it had hurt them in the polls especially among women and it can be described as dume, stupid, what are you thinking fail system over load. System overload. [ music ] jennifer well, yesterday the president showed strong resolve in calling for new gun safety legislation, and today the republicans reacted by going completely out of their minds as humorist Andy Borowitz they are now accusing president obama for using his position as president to lead the coun