And volatile session the. 5 rate cut by the fed morning doing little to calm markets. Maybe exj rating the selling dow giving up half of mondays gapes at the end of the day down 785. Keep this in mind. The dow is now down 3,500 points from highs of less than a month ago. Stocks of course a story but the big story of the day was the bond market. Holy smokes. Bond yields continuing to fall on the 10year, in fact the freefall at 2 00 p. M. Eastern time at 0. 99 . The drawing is not good but you get the point. Under 1 on the benchmark 10year note we have never seen that before buyers not just coming into bonds, also flocked into gold and the gold mining stocks the precious metal up 3 the miners even more the gdx, a gold mining dpks index up 5 today. If you tuned in last night we hope you did everybody around the desk said they were not buying into the gains. In fact, guy adami i believe you said well rally to the 3,500 on the s p 500 on fail you nailed it what do you think of the markets n
I sawed this loud and clear to everybody. Rob portman back immediate up. Theres nobody more honorable than rob portman of ohio he called up, please let the money go i said rob i hate being the country thats always giving money when ukraine helps europe and the European Countries far more than they help us theyre like a wall between russia and europe. Theyre like a wall. Theyre a big, wide, beautiful wall and he said, you know what but its important in fact, he came out and he said that this was my only reason. Because i dont like being the sucker country we were the sucker country for years and years. Were not the sucker country anymore. But i gave the money because rob portman and others called me and asked. But i dont like to be the sucker and European Countries are helped far more than we are. And those countries should pay more to help ukraine ask a question. Thank you, sir. What did you want on biden . Biden and his son are stonecold crooked you know it. His son walks out with mil
All right, michelle, welcome bark. By the way, everybody. Can you guess the price of this house game coming up. Hi. Im brian sullivan, happy monday. It is a happy monday if you own stocks because a new week and new record highs, dow up about 76 points right now. 12 dow stocks now up more than 10 this year. Four up more than 20 just so far in 2016. Caterpillar and United Health the best two performers so far this year. If youre wondering, only six dow names are down this year led by nike, which has lost 9 . Melissa. Speaking of nike we have a great interview with the ceo of under armour coming up. Im melissa lee, heres what else is happening at this hour. 4 billion real estate deal to kick off the new week. Mid America Apartment Communities buying post properties in a stock swap deal specializing apartments in sun belt states. Weather conditions are improving slightly in Coastal Louisiana following days of deadly rains. Well have the latest from the flood ravaged scene straight ahead. T
To one particular factor. So many things going on. Earnings season has begun. Oil prices were lower again. We got down below 250 on the 30year 30year. Below 1. 9 on the 10year yield. The president met with congressional leaders. Theres talk they were talking about trying to think about military action against Islamic State militants. So all kinds of things going on simultaneously. Not only all of those factors bill already mentioned, throw on top of that whether the European Central bank might see a block offing blocking of its quantitative easing. Well talk about more on all of that with our panel in a second here. Again, to tell you where we stand going into the final hour, the dow is off 118 points. The s p is giving up 16. Look at that were almost right back at that 2,000 level on the s p. The nasdaq meanwhile down about 27 on this tuesday. Turn around tuesday if you will. Weve had two turn around tuesdays today all in one. Joining us in our the closing bell exchange, theres amy wu
Fed race. Good monday morning, everyone. Look at this. Stocks will take off when that bell rings. 100, 150 points higher. Around 4 20 eastern sunday afternoon the news broke, Larry Summers withdraws. The pundits believe he would have printed less money. Janet yellen the likely successor, and that she will keep on printing. Thats why stocks will likely go up. And oil way down. Because any action on syria is now less and less likely. Its five years since the panic, stocks close to record high, its a riproaring monday morning and Varney Company is about to begin. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Big headline. Larry summers pulling himself out of the runnin