Press releases today this did not end ammic bring. We have more details on what happened here today. Yes. Also yahoo getting active. Shares surged today as investor taking a big position in the stock. There it is up. We will have the latest on whos behind this and how ceo is reacting. Also, of course, these markets, i mean, volatility is back in a big way this week with the dow bouncing back after one of the worst days of the year yesterday. The dow enjoying its best day in seven months or something i saw. 181 points. Undoing some of the damage of yesterday and we shouldnt forget the week its been. Tripledigit moves in both directions. Maybe its that time of yore. We got the s p up 17 points. We are at 1983 at this hour. Nasdaq doing very well up 44 points. But again, i mean, we have had 100point swings for the dow every day this week. Multipercentage moves for all the major averages. Three of them down. Two of them up. Look at the russell. Up right now at 1118. Lets talk about it. In
Nasdaq lower, as well. Bill, snapping seven straight weeks of gains and heading for the second worst week of the entire year talking about the dow and s p. Back to january for the dow. Volatility the beginning of the year and end of the year. A coincidence . I think not. Seeing the vix itself, the volatility index is up 76 . This week. This week. Up another half a percent right now. Back above that 20 level which often signals augs for the market here. Maybe we could be topping out or bottoming out. Well see. Socalled fear index. Oil is focal point. The close below 58. First time we have seen that since 2009. Our Closing Bell Exchange this friday, mega green with us, jason pride, kenny pulcari, ken mahoney and next to him is bob pisani. And not next to him but in chicago is Rick Santelli. Yes. Whens next to you, rick . I dont know. Kenny p, put the market in perspective for us. You guys on the floor you trade stocks on, youre watching oil trading a few blocks away here. Arent you . You
Decline in the dow and other major averages at this thing coming a head. When they stormed the store and the Printing Press area there. The dow did fall to that low of the day of about 229point decline and come back right now. Back 143. Take a quick look at the 10year, as well. This has been rallying as we know for a number of reasons and quite sometime and perhaps an extra bid on the flight to safety trade today. Below 2 again. That u. S. 10year. Watching it for everything from the influence on the Mortgage Market to what it does ultimately send in terms of signals for the Federal Reserve here and policy decisions coming up and we have heard from members expressing like charlie evan this is morning to rather be cautious than hasty to raising factors. If you hang on to that for a second longer cross currents and you can see that after the jobs number came out, stronger than expected in many ways. You saw the yields rise but then they were coming much lower, maybe a flight to safety and
Strangle hold on middle eastern oil reserves, selling upwards 40,000 bears of oil. They are in control of seven oil fields and two refineries in iraq. Allowing them to rake in estimated 730 million a year from oil alone. It is a staggering influx of cash and more than enough to move isis beyond iraq. Here, ken mahoney of, mahoney Asset Management and jack haugh, barrons Senior Editor and james frischling. Jack, let me start with you, this is Stunning Development in addition of 60 of Syrian Oil Fields isis also controls. Its a lot of money and you would think clear something will have to be done to stop that. If something must be done, every week we go by we dont do something they get stronger and richer. Hopes that it comes sooner rather than later. This is a lot of money. Melissa the show is called money. That is part story were focused on here and you look at one of their main sources of revenue is kidnapping. We hear they have so much oil under their control. There is really no way,
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