Youre new to me. I love it. Were going at it. Great to have i hear you like a lot of stocks i dont like. Were known were known to like a good debate on this show. Good. Were ready. Lets start with mcdonalds. Jimmy, go to you first. What do you make of the selloff in mcdonalds today for a stock that has had a tremendous run . Look, easterbrook one of those guys like a head coach. Just, literally, i dont know why, but we felt this was a trap game. Some of us felt it was a trap game. Felt he was set up by pokemon go in japan. Stock runs up to 128. Knew he didnt have anything new, new initiatives, but i dont think people realized there would be a moment where technology didnt kick in hes talking about theyre going to do and theres a weird restaurant on wii. So in japan, set up, and then, wow, trap game. Ah you know . Pete, you were long. Owned calls . And still own them. I probably should be cutting them off. To be honest, scott, after the run, i wonder, pushed down a little while. Dissect
Research Senior Research economist michelle mire and well talk through everything thats been happening through jobs and what to expect. But first, there is a developing story. An earthquake off the northeast coast of japan triggered a tsunami warning. The warning has been lifted, but it was a 7. 3 quake. So far no reports of any injuries or damage. It was for the same area devastated by an earthquake and tsunami back in march of last year. We will continue to bring you any developments. In the meantime, steve has some of the mornings top other stories. Lets start with the markets. Asian stocks rallying to 2012 highs overnight. The nikkei edging lower after hitting a se hitting hitting a seven month closing high yesterday. European trading, shares seem to be fwllat. Bundesbank announced it had cut its Growth Outlook for the country. In the u. S. , the nasdaq snapped its losing streak yesterday with its first gain in five days. The dow was on pace for its Third Straight weekly gain. U. S
Right after the open. As for the action in europe, taking its cues from the United States. Well see a big rally in china extending one of its biggest rallies in three years. We have a mixed bag in europe with italy up by about. 2 of 1 . Well do our best to keep focused on the business day. Well be following the tragic shooting in connecticut, of course. The New York Stock Exchange will hold a moment of silence to honor the victims in the next few moments, and well be looking at the president s call for meaningful action and the politics of gun control. Lets get to a road map for this morning. It starts with apple. Under pressure once again. Even dipping below 500 a share at some point this morning. Shares will remain range bound near term. Iphone 5 sales and cannibalization among the region. Other concessions from the gop, the speaker proposing tax hikes for millionaires. Could this be the tipping point. Moving the talks beyond deadlock. A big week for earnings. Yes, earnings. Fedex, r
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finally mary schapiro head of the s.e.c. releasing her testimony today. still talking in the house of representatives. no single event causing that drop last week. no evidence of a fat-fingered error. no unusual trading in procter & gamble prior to the drop. and there is a consensus emerging on the need of a stock-by-stock circuit breaker. bob pisani, we want to break down today s market action, talk about where your money can be best put to work. with us we have alan schen oca. i hope they said that right. chief market strategist with edward jones and also eric shawnsteen, co-portfolio manager. eric, what s your take on today s market? do you think investors are overly worried about europe right now or it s rational to be that concerned? well, i think one of the keys that we re seeing right now is you know a road to recovery like the one we ve embarked on. it s going to have some potholes and you re seeing that with you know the european concern, you re seeing that even