Tonight, Hillary Clinton officially accepts her partys nomination, and just minutes from now, were going to speak with one of wall streets biggest backers of the clinton campai campaign, mark lazri. Thats katy perry doing a sound check. Shes wearing a black baseball cap that says hrc for Hillary Rodham clinton. Im assuming you can hear her roar. Right now, in fact. Welcome to the busiest earnings day of the quarter. The dow is down, but apple continuing its solid run. Your big dow laggard right now happens to be boeing, down about 2 . Lets get downtown, and our own bob pisani with a scorecard on earnings season as we officially reach the halfway mark. Bob, how are we doing . The numbers are slowly improving, but still negative. Lets look at the Second Quarter scorecard. The s p 500 as a whole, these are Companies Reporting as well as companies that havent yet reported, what we call the blended earnings rate, down 2. 8 . Thats not good. Its still negative, but its better than it was a f
Julie quite a comeback for oil and in a short time. We were just talking at the beginning of the month about how oil entered a bear market. Not even three weeks later, its already back. Oil rising again today above 38 a barrel. Has been helping speculation about some kind of action on production to stabilize crisis. A simple chart but i think its amazing the magnitude of the moves oil has had. Through earlier in the summer. A 23 drop through august 2. A multiple bear and bull cycle compressed into the past year for oil. We are not seeing much of a roller coaster in terms of magnitude. Today from thee high to the low in the s p 500 is the second narrowest we have seen all year. E are looking at the range this just looks at the daily and low. Ween the high the dotted line is the sixmonth average and the range has been getting smaller and smaller. Less than a 1 move by the close in the s p 500. And its been a relatively quiet day for stocks in general. If you look at the individual movers
Good thursday morning. Business insider ceo henry blodget. Good to see you. Great to be here. A rally on our hands. The dow and the s p wiping out their losses for september. The industrials are leading the s p. Once again, henry, were at a stage where the fed acts, people who doubted their resolve get faked out, and a rush to buy again. Great to see a successful ipo. Always more fun when stocks are going up. I think from a high level as weve talked about in the last couple years, valuations are high. At some point if the economy keeps doing what its doing, chugging along, inflation keeps coming up, that will raise rates more aggressively. I dont think the outlook is great from here for a long time, but its in terms of equity valuation. I think so. Unless you think something has fundamentally changed with the Rate Companies can increase profits, which ultimately drive the market, over the next ten years, valuations are such well have very low returns from stocks on the order of 1 to 2
Las vegas. Unless the nfl drastically changes the way that they look at las vegas there is zero chance that the nfl would make a home in this city. Former fox5 sportscaster Jon Castagnino says when it comes to las vegas the nfl shows us no love the nfl has stepped in multiple times to kind of stop what las vegas is doing right. Were not allowed advertise any casinos during the super bowl, they even stepped in to cancel tony romos fantasy event within the last 12 months or so. I mean the nfl is anti las vegas that being said if there is anybody that could change that stance youd have to think it would be sheldon adelson. According to Forbes Magazine he is the 15th richest man in the world worth more than 26 billion dollars and with that label and money he has a lot of clout. Andelson is going to need to work the nfl very hard. Hes a powerful guy hes got a lot of money but the nfl is a little bit bigger than sheldon adelson. On the street we got mixed reaction to the remote possibility t
However, we should be angry that the house should not take up comprehensive immigration reform. For one year and five months, the Senate Version has sat past and we have been unable to take it. All during this time we have heard our country, our economy and our families. The time has come to make a decision. Now, while the president may have put this decision off, this decision will not work. It is the right thing to do. It is the american thing to do. And with gods help, it will be done before the conclusion of this year. I yield back the balance of my time. The speaker pro tempore the gentlemans time has expired. For what purpose does the gentleman from South Carolina seek recognition . Mr. Wilson madam speaker, i ask unanimous consent to address the house and to revise and extend my remarks. The speaker pro tempore without objection, the gentleman is recognized for one minute. Mr. Wilson madam speaker, a , the go last june president ignored these signs and underestimated the strengt