Home, and so techs and fpgss are leading the way. Josh brown, time to be more bullish about the market despite the headwinds that are perceived to be out there . Well, i are will say this, if you are into the confirmation bias, you are getting it right now, because the tone seems to have shifted almost overnight, and we are challenging the old high going back to may and june of 2015. I dont know if this is the time that we punch through, but we have been here before several time, and this is where we continue to fail. If we were to break through at this the point, and do it with the breadth that we have right now, which is very good, you will have all of the confirmation bias that you want. And we have dow, and s, and p and russell and nasdaq above the 200 days, and the technicals lining up, but yet, you are skeptical of it, and what are you saying . Well, the market is caught on the technicals and the weak upside, and you have a dovish fed, and the dollar showing some stabilization ye
Details, talk about what it means for the industry and business in europe. Shares of pepsico on the move after beating street expectation. Were going to talk to the companys cfo Hugh Johnston in a few moments. Expecting fireworks today on capitol hill. Fbi director james comey set to testify about the Hillary Clinton email scandal. We will bring it live in whitewave rising in the premarket. The organic foods makers agreeing to be acquired by danone for 10 billion in cash. The deal values whitewave known for brands like silk and horizon organic at 6 25 a share. Danone says the merger will double the size of the u. S. Business and we will talk to the ceos of both companies tomorrow here on squawk on the street. North america now will be about 22 of their portfolio from 12 about now. A big bet on america. An important deal for danone. Of course as you say, getting larger in the u. S. Whitewave has been no stranger to those who believed it would be part of food consolidation and as sara ei
News of a fatal car crash. Phil lebeau will join usins moments with all the deal on that and the International Monetary fund says its identified the most dangerous stock in the world. Well tell you what that one is and what has traders so they are vows. First, well start with another Third Straight day of gains. Dow ending higher by 235 points and the s p gained more than 1 on the day, but we were looking at the internals, and its pretty curious. Its defense thats leading the way, like telecom and utilities and staples. They are trading like Growth Stocks, so whats with that, guy adalai lama, what do you think . First of all, sue, thanks for filling in, yeomans work and great effort by you. Ive got to tell you, that melissa lee, dove clock. I used to have to run for blocks to get down to the New York Stock Exchange when traffic is back and the poor thing has been sitting there like sweating. She will be here in a second. The irony, sue, is last night i slipped on to the set about 20 se
It is officially official, as you said, donald trump after a day of leaks yesterday now tweeting out the news that he has picked indiana governor mike pence as his running mate and potential Vice President of the United States of america if trump should win. Heres the tweet just a little while ago donald trump put out. I am pleased to announce that i have chosen governor mike pence as my Vice President ial running mate. News Conference Tomorrow at 11 00 a. M. That News Conference was initially scheduled for today. The trump folks have postponed it in the wake of the terrorist attack in france. But meanwhile, maybe not such good news on the polling front for the trump candidacy. Look at these battleground polls now in key states. Clinton versus trump headtohead matchups in colorado, 43 clinton, 35 trump. In florida, 44 clinton, 37 trump. North carolina, 44 again for clinton, 38 for trump. And in virginia, a state that once was reliablely republican, thats 44 clinton, trump 35 there. So,
Morning. Where oil prices could be headed next, in a moment. Shares of hewlettpackard enterprises rallying on a report this afternoon that private equity firms may be targeting it for a buyout. Well hear from the reporter that broke that story in a few minutes. Lets start with earnings trouble in the oil patch. Bob pisani, big misses for chevron, as well. Yeah. Enormous write down. The stock prices right to the actual numbers here. Exxon and chevron both reported much bigger missing than anticipated. In the case of chevron, reported an enormous write down. 2. 8 billion for projects just not economically viable at the current price of oil an apparently they dont think viable for a listening time to come if ever here. You see price reactions fairly modest. Let me explain the pickle a lot of Big Oil Companies are. And use exxon as an example. Cash flow 4. 5 billion. Care enough. The Capital Spending 5. 2 billion and the Capital Spending is more than the cash flow theyre getting. They have