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You why Something Else may be the key to oils next move. But first, we start with the markets. It was, of course, a tough day for stocks, i guess. The dow down 150 points at its lows. Although both the dow and s p eked out gains for the month of may. And the losses come as expectations mount for a Federal ReserveInterest Rate rise as the dollar enters a twomonth high. What do you do with your portfolio now . I dont see anything wrong with going for the protection, especially at the levels coming into today. We finished last week at 2100. But you look at the way the dow traded today. It really was something that was reflective of a couple of things. Boeing, bing turn to the down side. The energy names, chevron, exxon, you see the way oil flipped from over 50 to close underneath 49. Big flip there. Is that something thats ....
The heels of that Disappointing Services report. Joe energy, utilities also in decline. Day. R a pretty solid we have that feeling when you are so high on the s p 500, you dont even need to do much to get a new hive. Im going to look at the market minutes for stocks and looking at some of the sectors in particular, one in the energy group. Despite oil being down recently, energy has held up fairly well. We are year to date up 15 and largely flat since the start of july where oil has had more volatility. Is veryor that important Going Forward is the financials group. We were looking at some weakness there. Investors start to reassess expectations for a hike. Financials have done well here with the expectations. Any changes to that speculation could send that down further. The brakes ended up closing. Your today, we are down. In the green for some time today, which happe ....
15month low. Australia cutting rates, auto sales on the way. Roadmap begins with tim cook. He joined jim on mad money last night covered everything from innovation to china to revenue to the companys value. Global data driving futures. Well tell you what to expect on wall street today. And shares of aig down in the premarket after earnings. Peter hancock will join us live. First up, tim cook defending app apples latest results and the stock mired in a slump. He was on with mad money last night. If you talk about macroheadwinds, difficult compares dominant. Yeah. Currency, no new iteration yet. If youre going to be opportunistic wouldnt you say let all the hedge funds blow it out and then well make a statement . Well, opportunistic to me means you buy it when you think the companys undervalued. We believe the companys undervalued. All right. I got to get your thoughts on what he said and whether it changed your view in any way, whether it should change other peoples views. I think if yo ....
Press releases today this did not end ammic bring. We have more details on what happened here today. Yes. Also yahoo getting active. Shares surged today as investor taking a big position in the stock. There it is up. We will have the latest on whos behind this and how ceo is reacting. Also, of course, these markets, i mean, volatility is back in a big way this week with the dow bouncing back after one of the worst days of the year yesterday. The dow enjoying its best day in seven months or something i saw. 181 points. Undoing some of the damage of yesterday and we shouldnt forget the week its been. Tripledigit moves in both directions. Maybe its that time of yore. We got the s p up 17 points. We are at 1983 at this hour. Nasdaq doing very well up 44 points. But again, i mean, we have had 100point swings for the dow every day this week. Multipercentage moves for all the major averages. Three of them down. Two of them up. Look at the russell. Up right now at 1118. Lets talk about it. In ....
Jan net yellin is speaking. Yellin is behind closed doors. Both of them are i believe. Et, think we get with jan the its not going to be too far out. Weve got a prepared data check, we look at commodities, i struggled. Futures flat, im going to call that negative 1, everybody getting the bond call one over the last 12 months. 1. 3278. Weaker, crystals and pyramids to make up this screen. The vicks, 11. 76. Again, great equity markets back over 17,000. 30year boppedyearold, i use 2. 30 as a bench mark. We are beneath that. And the german 10year yield is under a 1 . This is what janet yellin confronts in jackson hole to the block berg terminal. This is the beginning of the financial crisis, were all going to die, up we go, this ill be the big debate. This, adam, is the backdrop that she faces. Well, i tell you what, can we just go to the chart one more time because i want to point something out. Pull that chart up one more time. Theres the correction. This is the correction. The 4. 2 of ....