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I am maria bartiromo, it is thursday october 12, breaking news 6 00 a. M. On the east coast. In israel 22 americans have been killed by Hamas Terrorists. 17 others are still missing in the white house fears the numbers may rise. Overall dead 1200 and israel, not the 1200 and gaza as the president of israel weary and battled promises to fight on and root out the tears from his country. Secretary blinken in israel this morning. We are following all the latest developments this morning. Stay with us on the breaking news out of israel. We are looking at a market meanwhile trading higher ahead of the Consumer Price index will market moving data coming up this morning, dow industrial up 118, the nasdaq at 58 and s p 500 up 16 and a quarter. Take a look at European Industries where we are also seeing a firmer tone, at th ....
Dow only declining three points, s p advancing 1. 6 i totally understand why when employment, the primary indicator of economic strength, is at its best level in four decades. But so many other indicators are slipping, everything from housing to autos, retail sales and oil. In fact, someone asked me what i thought of the market last night after a Live Audience show i ended up saying i dont know if there is a market to care about now. Theres just pronounced sectors and rotations into and out of them that happen at the flick of a switch this week the Health Care Sector ral yesterday. Everything else took a dive. As well as some fabulous action in technology. Still, the debate over the economy will rage, because the fed is in tightening mode, trying to get back to normal rate keeping thats fine if youre looking at employment numbers but not so hot if youre looking at anything ....
Coming up on the kudlow report beginning right now. Good evening, everybody, im larry kudlow. This is the kudlow report. We are live here at 506789 p. M. Eastern, 4 00 p. M. Pacific. President obama leveled new sanctions against 20 individual and a key russian bank today. He warned more on are on the way if moscow escalated a crisis in ukraine. Good evening, eamon. 16 russian people and four senior officials called cronies of Vladmir Putin today, also a bank which the senior delegation called a crony bank for the putin regime. All of that, the president said, designed to send a message to russia and the russian people. Take a listen. The russian people need to know and mr. Putin needs to understand that the ukrainians shouldnt have to choose the between the west and russia. We want the ukrainian people to determine their own destiny. And to have good relations with the United State ....
You pick the word, that what it felt like today, nasdaq tumbling, a brutal end to a brutal week. The bulls paired with hard ones that more than wiped out the positive sessions. House of pleasure. The house of pain. Today could have been a lot worse considering jpmorgan reported a truly ugly quarter. Jpmorgan rarely misses. This was a terrible effort, particularly by wells fargo which gave you a terrific number and roared higher before tempering like Everything Else at the end of the day. Jpmorgan is a reminder that the mindfield of earning season is now in frochnt of us. Stock is going to get hammered no matter how much good history there might have been before it came. Which brings me to our game plan for next week, still chalk a block, with earns. Starts with city. Citi reports flunked tests last month. You think the quarter is going to be awful, especially after the jpmorgan debacle, doesnt matter because this market is in lov ....
Right . This quarter did nothing it did nothing at all today, at least, the dow climbed 135 points. S p gained. 7 . Nasdaq vaulted 1. 04 . Wow, breaking that streak, huh . You know what, i say good riddance to the first quarter. Because this market slaughtered some of the best highest growing companies and saluted the down and dirtiest industrials and techs that have yet to show any real growth. Im telling you. Now, what they did, they went out of the good and into the bad, and im tired of it. But thats the way it is. Ill talk about a rotation later. No matter, nobody i know was really talking about much about the market today anyway. They were talking about a new book. A book by one of the great writers of our time Michael Lewis entitled flash boys which asserts that highfrequency traders have rigged the market. Rigged the market against you. Do you know what i found was most shocking about this book . How about the fact that anyo ....