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investors happened around 10:00 eastern time this morning. we had a pretty good rally on the open and then it just fell apart. the dow was up 75 on the open and then down triple digits much the of the day, but we re coming back even though we had pretty decent earn from johnson & johnson and verizon. a lot of the guys are starting to leave to get ahead of what could be nor thanksmore nasty weather. the dow is off about 41 points. braving the storm and making his way to the new york stock exchange is johnson and johnson alex gorsky. a more modest outlook for 2014 is hitting this dow xlonant today today. apple, a positive report on the company has investors optimistic. it s up 1.6% now. so is wall street ready to love apple s stock again? and is retaking $700 out of the question for this year? not out of the question. we re at $550 today. we ll take a closer look at one of the most owned and certainly one of the most interesting stocks out there, apple. yeah. and ....
your time. specifically for time wasted by airlines if your flight is late, if your bags don t make it, you get cold hard cash fast. the man behind this company is here this hour. we ll talk all about it. first, though, to sue at the nyse. that s a fantastic story. coming up in a little bit. we are going to start out with auto sales today for the month of may. they were very strong. gm, ford, toyota, and honda have all been on the upside. though now honda and first trust global auto, which is the etf that tracks the auto industry, are both on the downside there. phil lebeau is behind the wheel with some of the details on some pretty stellar results, phil. much better than expected, sue. you look at the sales numbers for the month of may, almost all of the major automakers beat estimates anywhere between 2 and 5%. couple of numbers stand out here. first of all, general motors, gain of 12.6%. that s almost double what the street was expecting. and chrysler at 16.7%. w ....
baba. it s a big hour of pourer. sue is at the new york stock exchange. hi, ty. it sure is an hour of power. we re focusing specifically on the transports right now. the transports right now up 104 points on the trading section. jetblue, and kansas city southern some of the big pusher. as for the dow, up 52 points, the nasdaq is up about just under 1%. is the s&p 500 has seema is at the knead dab. we re going to star with bob pisani, you know the transports is one of my favorite indicator. if you re a dow theory follower, that bodes well for the dow jones industrial average. and it s a good let me break it down more. airlines, for example, lower capacity, higher bookings and lower olympic prices. they are very healthy boosts. railroads, we are seeing an increase in business for them. more autos. moving autos around the country, coal business is still pretty good. there you see the rail stocks moving well. finally i want to know the truckers here, they are bene ....
keeping it focused just on asia. so not in that sense franklin roosevelt made a big difference. in their book heart former vice president dick cheney and his longtime cardiologist jonathan reiner talk about his long history with heart disease and advances in cardiology in the past decades. he had a heart transplant in 2012. the two discuss their book for about an hour next on book tv. tonight s program will consist of an interview conducted by margaret cochran president of the national press club journalist institute and the hurley chair in public affairs journalism at the missouri school of journalism. with mr. cheney and dr. reiner followed by a brief q&a. we invite you to purchase a book if you haven t already done so. each of the books have been pre-signed, have the pre-signed plate so you get a signed copy. there won t be a book signing tonight. as long as he has served at the highest levels of business and government vice president cheney cheney dick cheney ....
after-market it jumped higher. $37 to the ounce. the commodity has risen 4.5% in four sessions. adam: can you say short covering? pc shipments fell 5.9% year-over-year. top three were lenovo, hewlett-packard and dell. liz: we re bringing a top exec from lenovo to talk about that. terry mack grawe stepping down as ceo and president of ma grawe hill financial. douglas peterson head of the s&p ratings services. he will succeed mr. ma grawe who will remain chairman. adam: nokia unveiled the newest lumia smartphone and the lumia will have a 41 mega pixel camera. it will launch with at&t july 26th t will be cost 300 bucks with a 2 year contract. liz: it is bright yellow. how about that? federal government had the biggest june surplus on record after receiving payouts from freddie mac and fannie mae. after the bell starts right now. adam: it is an historic day. we want to get right to the action. jason pride, glenmede director of investment strategy is cautiously optimisti ....