Suggest missing malaysian report flight 370 could have been deliberately flown west. The white house says the search may be moved to the indian ocean. Well bring you the latest press conference in 30 minutes. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. Hello. Warm welcome. Terrific to have you on the program this day. Come on to the bigger and the better program. And you have to warm up. And done on a day when were not feeling great, investors. Yeah, investors are not feeling great. In fact, take a look at the markets. Theyre all in the red this morning, arent they . Look, decliners outpacing investors. Thats a lot of red. Thats why i put a red tie and poppy square on this morning. Take a look at this, the russian markets are being hit hard this morning ahead of this weekends referendum in crimea. U. S. Secretary of state john kerry has just arrived in downing street. In london to meet with the british Prime Minister. Kerry will then me
You see. S p couldnt gain here, down eight points. David looking at the negative numbers, imagine what they would be if the fed did not do the money printing. A lot worse than it was today. Could have been worse. Facebook, when the market is in the red, facebook in the green, today is not an exception. Today, a big bump, over 2 bump. Tomorrow, of course, is the third lock up, another 156 million shares of facebook coming online, previous times when thats happened, we saw the stock jump as it did today. Liz right. Everybody expected it to fall, it didnt. Were watching that. When apple falls on iphone estimate cuts, so do the component suppliers, the socalled halo effectings. Sigh works, logic, the biggest losers here, biggest victims, but broadcom taking a hit, their products inside apple as well. David not all the solar stocks doing well. These, in fact, taking a big hit with the exception of solar limit, up almost 5 , but other solar stocks deeply in the red, again, those things are f
Talking about raising rates. In the end the dow hit the skids falling 89 points, the nasdaq 35 and the s p 12. Gold edged down 13 dollars and oil bounced 94 cents. Bloomberg news reports. Walmart is considering supporting a minimum wage hike. The retailer had no comment. Facebook is buying whatsapp for 16 billion dollars. Whats app allows for free texting on most smartphones. Facebook shares fell 4 in heavy trading last night on the news. After hitting a new high wednesday of 69 dollars. Trader Mark Sebastian of swan Wealth Advisors joins us now. I want to talk about that turn for the worse that happened in the stock market yesterday on comments from the fed. Will we see follow through today mark . I think so. We saw a huge move in the vix along with the s p 500 selloff. When the vix makes a big move relative to the s p it almost always points toward some continued weakness. I would be steering clear of the broad market indexes right now. Id be waiting until we hit that 100 Day Moving
David believe it or not, we may top 300, trading, just popped over 300, 304, 307 and continues to go up so were settling up today, that is always a good sign. Look down here, number three on the list, the tech heavy nasdaq really popping. A lot of other stocks to look at, but all of these, what a wonderful way to start the new year. Lots of people locking in their gains last year, the lower tax rate, a lot of people said they would buy it, and that looks ite exactly what is happening but we have to focus on the nasdaq. Liz the small and midcap index shooting up so high today, that is a record close and the last one april of 2011, so those names looking very good and for people who sold out and got out of stocks, they were losers today, they missed a major rally particularly in the small and midcap names. David oil got a nice pop today, congratulations to you settling higher by 1. 4 closing about 93 per barrel. Liz the rally started overseas while many of you were sleeping, germany did
Wayperson standing in the of making progress. That would be the speaker of the house. I know in his heart his intentions are good. We just hope that we will see before the one year is out from the senate bill some son of life, some sign of intention, some bill that can come to the floor. Scheduledis and even on a bill that could possibly take us to conference. It is clear that their intention is to do nothing and that is totally unacceptable. We have a bill, 200 cosponsors, hr 15, including three republicans. Many more republicans told us they would go for the bill. Give us a vote, mr. Speaker. The votes are there. Give us a vote. In another display of industry and dash of indifference to the needs of the people, republicans are proposing to take food out of the mouths of our chosen once again. The agriculture budget would overrule doctors so that schoolchildren will eat fewer fruits and vegetables and admit moms and babies get more potatoes. Potatoes are not a bad thing. It is a stabl