Accomplished investors in their own right. Plus theres so much to discuss. Tyler, were going to talk to the coopermans and the millers about where they see this market going. The incredible valuations weve been seeing in some Companies Like open table. Speaking of that deal today. Bought by priceline for month than 2. 5 million. It will be interesting to hear about that. And plenty of other occurrences in this space. Of course weve got to talk about oil, about some of these new tech developments and much, much more. Apples not falling far from the tree in those cases. Interesting to hear how they invest alike and how they invest differently. In markets right now lets take you through the three major averages. The dow up 32 points. About. 2 of a percent higher. The nasdaq a relatively small gain of about 12 points at 4309. And the s p 500 moving up today by about five points, a quarter percent at 1935. Joining our closing bell exchange, Kelly Connelly from jhs capital advisers, rich pet
If the index manageses to close in positive territory it, would be the third record close in a row and 13th of the year. Fox businesss charlie gasparino, wall street journal James Freeman and former verizon president denny strigle. Were thinking with all the money printing there will eventually be a reckoning, right now the market is rising with Economic News not all that great. Melissa absolutely. Another big blow for detroit. A City Task Force demanding 40,000 buildings being demolished and cleaned up immediately due to dire conditions. Comes with a hefty price tag, 850 million bucks. The real cost could be billions or higher. Charlie what do you think about this one . Youve been reporting on this for a while . Listen, detroit is in desperate shape. I do know wall street firms advised them to basically downsize the city and sell off chunks of it. Abandoned land or citys condemned land. There is lot of abandoned buildings. Melissa 40,000 buildings to be demolished. And miles upon mile
Money. Melissa amazon catching fire this morning after stock tanking after reporting bruted tall 126 million loss. We have wall street journal James Freeman and veronica dacafer and james frischling. Happy friday. We love friday. What do you think the amazon story . This is basically 20 years amazon has been saying to wall street, to investors, keep funding this melissa they have gotten away with it. Low margin business, well keep getting market share. If you told us in 90s they would say this in 2014 it would be kind of amazing but they get away with it because they are continually seizing a large part of what are very big markets. Melissa it worked for them. But if you look at the chart and look at today, feels like investors are impatient today. Chris, oneday thing and on monday theyre back in love or . Im not sure oneday thing but make couple days or week or two. Were heading into seasonally strongest year for shopping. Back to school, Holiday Shopping stays in. Melissa doesnt matt
Melissa got some breaking news were watching right now. Norad investigating what is being called an unresponsive aircraft. It has entered now cuban airspace. F15 fighter jets had been following this tbm 700 over the atlantic before it broke towards cuba. The utility aircraft departed from raw chesser to new york to land in naples, florida. But did not respond to attempts to communicate. The fighter jets are International Airspace monitoring the flight path. Our very own top sullivan will join us with his take. Were keeping close eye on the situation. Well keep you updated on it. President obama appears to have his coalition but timetable dealing with isis is very much in doubt. The president revealing a plan for Immediate Response if a nato member is attacked, but also stressed the need for slow and gradual strategy against isis. Listen. In terms of timetable, we are working deliberately. It is not going to happen overnight but we are steadily moving in the right direction, and were go
We are. We got a papal disconsent im sue herera in for kelly evans. Kelly will be back on monday. Were watching a market that is having a rough week, as you know. Its been very volatile, but its trying to end on a positive note, and if it closed right now, it would be positive. Well take you through the final hour of trading. Plus, we have these stories also ahead today. Is the consumer sick or are some retailers, though, using them as an excuse, as they might do . Right. Are they blowing it . Are the consumers doing the weather . Theyre pinning their problems on the shopper. We dont know if thats appropriate or not, but were going to debate it. Rentacenter, the Container Store, walmart, all of them saying consumers are hurting them and their bottom lines, but is that legitimate . Were going to take a closer look at that. Ah, yes. Meanwhile, wells fargo, the nations biggest Mortgage Lender. So, when its newest chief Financial Officer said in an interview people are just not buying home