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met this morning a $70 billion merger. royal dutch shell buying bg group. will this finally trigger energy? tesla upgrades the model s with a starting price of $74,900. more features a larger battery has tesla shares moving higher in the premarket. it is earning season. alcoa set to report tonight. apple watch review season. we re going to preview both in just a minute. first up royal dutch shell striking a me da deal to buy bg group. shell says the combination would add 25% to its proven oil and gas reserves and make it the world s largest producer of liquefied national gas. here s what shell s ceo told cnbc europe about the deal this morning. this is not a bat on the oil price. this deal works in a whole range of oil and gas prices. of course we still believe in the longer run in a few year s time we will see the long-term fundamentals we assert itself. we will see higher oil prices than what we see at the moment. of course, this deal will look not just very g ....
jumping here. of course what happens? stock market turns south at least from its earlier heights. it gained 27 points after being higher. the s&p climbing. it s got me upset. i have said it once a thousand times. higher oil is bad. higher gasoline is terrible for the stock market. higher heating bills are horrendous for the stock market. there. there s nothing else to it. end of story. but, let me explain, in case anyone is unclear about this. obviously a market that could go into the red at one point today doesn t get it. my biggest worry for this market right now is the transports the index which has all the different levers of commerce in it. transports have been rolling over for days. we did a whole segment last night how transports could be in trouble. it s a serious thorn in the bull side. we get a $3 decline. and suddenly the case changes. now we have a chance to see higher earnings and better gross margin comparisons for the most important group in the market th ....
oil, it s otherwise difficult to nail down any other real interpretation for today s positive action. where the dow roared 184 points s&p climbed 1.09% and the nasdaq fell 1.92%, breaking a many-day streak to the down side. i ve got another explanation. bear with me. the one i gave you last night! apple. remember, i said if apple bottoms, we bottom. because this week s sell-off really accelerated with the decline and fall of the best of the best. apple came back to life right on schedule after three days of selling from that huge quarter and its monster $3.80 rally, emboldened people to buy all things tech. and with the help of an amazing quarter from gilead all things biotech, too. i don t think we re out of the selling woods, because we re in a conundrum here. most of the year, investors have favored the stocks of the companies just doing business in u.s. that makes sense since they don t sell overseas and weren t hurt by the fall of the u.s. dollar. but in april, the ....
are quite high end quote and that they represent quote potential dangers. yeah, i think her comments contributed to one more nasty session, dow plunging 86 points. nasdaq tumbling 0.40%. everyone is entitled to their opinion. that doesn t mean i think everyone should express that opinion especially when they run the federal reserve and the topic is stocks. why do i say that? as a grizzled veteran of the markets i know this can be unhelpful. i remember in december of 1996 when alan greenspan panicked many talking about how stocks are suffering from irrational exuberance. how did you do if you listened to greenspan? forget the fact that you would have missed out on one of the greatest bull runs. the dow was at 6308 and now it s over 17300. come on. same thing happened in july of last year. when janet yellen herself said that valuation metrics in some sectors particularly biotech and social media and i quote, do appear substantially stretched. hmm. how d that go? okay, at ....
sunday when he refused to let this woman pass through the fare gates without paying. hearing the story today, metro riders are disgusted. that s terrible. that s a terrible thing. according to metro officials, the suspect entered and exited the station here at 19th southeast not too far from the d.c. general campus. they say she came down the escalator, spit on the station manager and then stabbed him. he s a d man and 18-year veteran at metro. there s a lot of people with mental problems. mike: metro officials say the station manager is expected to be ok but the steak knife blade separated from the handle lodging inside his side. the handle later recovered at the scene by investigators. anything. mike: surveillance images show the suspect in a gray pullover with a blue and white stripe on the sleeve. police ask anyone who recognizes her hem. mike conneen, abc 7 news. autria: new at noon the state department examinee is facing new charges. daniel rosen was arres ....