S p was off by close to four points. You could see this morning theres green arrows but we saw this yesterday at this time. Right now the dow futures are up by 53 points by fair value and the nasdaq up by close to 13 points. We had a couple of big stories were watching this morning. We had a flood of economic data. We have import export prices and in global news. Lowering a key rate to 1. 75 and then a Business Update Conference Call coming up at 10 00 a. M. Eastern time. The company has come under a lot of fire. It doesnt meet californias admission standards. Shares got a boost though yesterday after he made his case for the stock right here on cnbc. A number of stocks to watch this morning. Its going to explore spinning off its helicopter unit. This is the first big move. He will join us on set. Well talk about all kinds of Different Things. Exactly. Well ask him about it and he probably you saw what happened back in the fall and the notion was he was detached. Hes been in the trench
The u. S. To the downside by almost 3 . Macro data has largely missed today. Everything from China Services pmi to german factory orders. Our road map with alibaba. The ecommerce giant files for what could be the biggest internet ipo in history. A peek at chinas fast growing ecommerce market and one unusual company. Record earnings for disney. Frozen sales continue their hot streak. Disney chairman and ceo bob iger will join nous a cnbc exclusive. Shares of whole foods plunge down 17 this morning cutting their outlook, profit disappointing the street. Well hear from Ceo Walter Robb first on cnbc. Fed chair janet yellen will head to the hill about an hour from now. Is she going to move the markets . First up, alibabas filed for what could be the Largest Technology ipo in history. The offer could value the chinese ecommerce site at more than 100 billion, raise more than 16 billion which would top the amount that facebook raised at its 2012 ipo. Yahoo stake in alibaba worth about 26 billi
Relationship with mrs. Fang . Anything in general . Congressman swalwell . Bill ear buds work. Millions of americans have been out of work for months. Can lawmakers get a deal done in maybe. Howie kirtz on how the media is covering this. We begin with brett bear. The hunter biden store gives a little bit every day, like a drip drip if you want to make that case. Where is it now, bret . Theres an investigation ongoing. We know its broader than just taxes. Its overseas business dealings. Theres calls on capitol hill to try to find out exactly what is happening. What we know is that the attorney general has set the table that this investigation is going to keep going. And the question is, whether the calls for a special counsel up on capitol hill are necessary or not. How the doj under a Biden Administration is going to handle something as sensitive as investigating the president s son. Bill this transition period is hitting a disruption like 2016. Back then it was russia russia and never
But somethings going on with technology stocks. They have been going south for the last week. As the blue chips were going higher. Even though thats not happening today. Were going to look into that coming up. A lot of momentum names really rolling over. Momentum really romming over. We continue to follow twitters amazing first day of trading today. The stock jumping the moment it began trading. Just before 11 00 a. M. Is when it opened. Ipo price was 26 a share which was priced last night. A huge move today. 86 on the upside. We are going to welcome to the program dan niles later on, ask him what he thinks about this. If this momentum can last. He nailed it on facebook. A lot of people want to know what he says about twitter. Coming up later on closing bell. Looking forward to that. It has been as far as we can tell a glitch free day for the trading of twitter. Coming up, were going to talk with duncan niederauer, head of the New York Stock Exchange. It feels like a winning locker roo
Scott wapner has been all over this one, and hell join us in a minute. Terrible flooding out in the middle west. This is a ferrari. What a terrible waste, ladies and gentlemen. A ferrari is a terrible thing to waste. Unfortunately, though, the damage goes far beyond that car, and that is just ahead. The rains have been coming down there. Meantime, to sue at the nyse. Thank you very much, ty. Well, ty showed you the dow. This week has been a rough week for the bulls. Right now the dow is down 89 parents, but it was down better than 150 at one point in the trading session, and weve had a significant percentage loss on the dow. Right now the s p and the nasdaq both fighting against the bulls in todays trading session. The s p is down about a quarter of a percent and the nasdaq is down just a fraction. Looks like its trying to tick positive. The russell 2000 is positive. Its in the green by about 1 5 of a percent and in terms of Interest Rates weve seen a big drop in the tenyear yield, 2.