do we have bob pisani. we do. bob, take it away. explain it all for us. >> the important thing is sitting at the lows fshtd day and still having issues with supply chain and with technology take a look at the major movers. honeywell is weighing on the dow. here's what's interesting. demand is fantastic with the possible exception of china. here's the problem we have supply chain and inflation issues that in some cases are impacting margins. not all the of the time and not with every company illinois tool works with generally good guidance but honeywell and cummins with disappointing guidance honeywell weighing on the dow right now. parker mannifin off a 52-week high generally the trend revenues at record highs more cash than ever before and why the dividends are raised and going to have buybacks at a record the profit mar jebs 12.7%. slight erosion corporations still have pricing power. there are some exceptions around that earnings beats are smaller 4% historically about a normal number 2022 estimates are not raised. they have been

guest to bob pisani for more at the nyse bob? >> not only not a bounce at nasdaq nor on the s&p or dow the tearing of big-cap names alphabet made them look better, and today because of what we see in meta weighing on the nasdaq and s&p. s&p notably underperforming the dow jones industrial average as you can see here big tech names facebook trading ten times its normal volume. a lot of people making decisions how they want to own facebook and amazon ahead of earnings all over the place amazon 3100 at open. look at this 2,800 now. a big, big move on an intraday basis. salesforce weighing on the dow not far from a 52-week low not quite. paypal, disastrous week on earnings industrials. supply chain inflation not going away and offsets with meta look what happens to honeywell and cummins. good news. demand is strong all over the world. china the possible exception however, still seeing imact of higher prices. able to raise prices, but in some cases not completely. so there's a little bit of margin erosion in cases. cummins and honeywe

let's bring in bob pisani. how much does this drive the markets close to the close?ey started rallying after the president spoke and announced the sanctions. why? i think traders felt that the sanctions were not as severe as anticipated. the impact what impact on the european and american economies. the president wants obviously room for additional sanctions down the road where things get notably worse. these are where this gets complicated. we're fighting inflation here in the united states, hallie. oil prices are elevated. at $94 a barrel. that's $15 more than had we not had the ukraine crisis. it was already higher with additional demand and reduced supply. we're fighting inflation and this is just making it worse. federal reserve is going to raise rates to combat inflation. then again, they got to be concerned about slowing the economy. you get the idea, hallie? >> right. >> this confounds the effort of inflation we've got. >> bob pisani, it's great to be on the show. thank you for being with us. appreciate it. >> always a pleasure. >>> the u.s. and allies declar

nasdaq 100 relative strength falling below 34 level traders traditionally liked to buy bob pisani has more on the markets. bob? >> and very choppy still in determinative trading. true, nasdaq in and out of positive territory partly on cybersecurity, but really big cap tech look at mega cap tech names flat and slightly positive on the day. there's the s&p 500. opened 100 points down and cut the losses in half big cap tech what's going on? traders are trying to convince themselves that this macro situation is now going to make the fed a little let likely to be more aggressive in hiking interest rates well, maybe. at this point, there's a very interesting trend going on buy some of these big cap tech stocks on weakness and sell big names that have done well, like consumer staple name these stocks have been out performers recently. so using them as a source of funds today. consumer staples, to buy tech stocks one big problem and the reason doo is underperforming, financial sector, jpmorgan, goldman sachs, visa, weighing on dow. heavily represented in the dow interest rates stopped going u

risky it is just amount of time in any of these markets with all of the balls up in the air, as bob pisaniluded to back to tyler and kelly. >> thank you let's turn to john killduff, capital's trading partner, as well as bryn mawrtrust, it's great to have you bothhere let's start with you because energy is going to be a focus now. how much upside does this add to the price of oil and natural gas? >> well, you saw today that the oil price leapt higher on these headlines, kelly it puts $100 a barrel easily on the table here and we're going to have to wait and see, though, you know, what is the sanctions regime going to be on russia, and of course, r russia's oil, they're the number two producer of oil in the world. we can't afford to lose a single barrel these days because we're already living on the razor's edge as demand comes roaring back there's no direct oil in the cross fire yet in ukraine, ukraine does not produce any oil, so you have that i would also point out wars like this aren't necessarily good for the economy globally people tend to hunker down, literally and figuratively, so th

back to you. >> thank you very much bob pisani president biden preparing to speak at this hour as the russia ukraine crisis continues to escalate let's head to eamon javers in washington for the latest. >> we have been hearing from putin in russia. he said his country is recognizing an expanded version of the two break away regions in ukraine. he's using definitions of the borders from 2014. that means they would include a key port city with access to the black sea under these new borders. russia says it's now going to evacuate its diplomatic staff from ukraine and meanwhile here back at home, in remarks today, senate republican leader mcconnell said russia should face the toughest possible sanctions now and also implicitly blamed president biden for the crisis saying he didn't believe putin would mass troops on the border if the united states hadn't withdrawn so precipitously from afghanistan last year. and over at the pentagon, lloyd austin says putin can still avoid a quote full blown tragic war of choice in ukraine all that coming as the administration is now referring to the russ

checking market technicals, as well beginning with bob pisani. bob?w 28 it was heading to 40 a couple days ago we are up 2% on the day. this is extraordinary. i have been here 25 years on the floor. you don't see weeks like this. that movement is not three standard deviation move but unusual to see that move up. also the reopening trade is back so metal stocks are rallying bank stocks are rallying nicely. tech is lagging a little bit but also on the upside we saw tech up yesterday on the hopes of course that maybe the fed would be a little less aggressive debate about where we go with this apple is down slightly for the week but most everything else to the upside reopening is back. i said this week it was worrisome to see the industrials. caterpillar at a new low and 3m. financials having a problem as rates moved down in the week credit cards are back. jpmorgan, goldman. insurance companies back sends bulk to the rally. not just tech stocks but a broad rally moving the marks s&p 500 up on the week and the impact from the crisis is limbed economically

bob pisani at the nyse in a moment let's get to rick santelli from the cme. rick >> absolutely. so many things going on and much of it is technical and will get to that think about the minus 321,000. not very good. as a matter of fact many now whispering that friday's number might be weak. look at the time of 8:15 eastern yields dropped to right around the 1.15 level but eventually coming back and look that low out dropped to 1.13 and the green arrows are bringing yields up after the 8:15 data came out we dropped to that 1.77 level coming back an hour later it got aggressive traded down the 1.74 ear year to date talking about the double top and indeed it is starting to become something many traders are talking about mid-january to the end of january. two tops on the right-hand side around 1.87% are the high yield close back zoom the chart to the end of 2019 but they considerably become more important should we start to close under is 1.70 level we may lock that high in for a while and traders think friday's number could do we need to pay attention kelly, back to you. >> thank yo

. >>> welcome back we'll dig into this coming wave of stock splits, but let's begin with bob pisani asstocks grapple with rates. >> it was about noon and i thought this thing is moving up and then mr. bullard from the st. louis federal reserve opened his mouth. since then, he was talking pretty acigarettesive. interest rate sectors are getting hit the most yes, tech is down. bick temperature is down so everything is do you you 2 march, but 2% is a standard mode obviously homebuilder, which have been rallies earlier in the week, interest rate-sensitive, they're also to the down side, then utilities, of course, and utilities have been rallying for the past few weeks, they compete for yields they've been rallying, also selling off rather heavily i think nobody expected inflation to peak in january what they were hoping for was a bit of at least month-over-month improvement obviously they were obviously wrong today. >> the yield on the two-year topping 1.55%. the 30 year, and finally, check out the yield curve. this is going to be the topic for the next couple months twos, tens, under 50 b

let's begin with bob pisani at the new york stock exchange with stocks near session lows rounding outfy month, bob. >> what matters is yields. bond yields are a major problem for the stock exchange clobbering financials right now. 1.85 on the 2-year look at citigroup. one example. $60 a while ago. goes to $70 and now back to $60. banks, insurance companies having problems. commodity suner cycle. we have new highs all over the place. occidental, hess at 52-week highs and other commodity based stocks are at new highs. so freeport-mcmoran. cf, mosaic, a big company in the commodity space, material space at new highs seem to be selling consumer staples. seen weakness there for a while. pepsico at $161. straight down far few weeks. same with the other names. real weakness there. watch that 10-year yield moving that big financial complex. >> thank you, bob. eat gose to the bond market where yields are falling because investors are buying them. what gives, rick >> yeah, no. buying high quality, high volume bunds or a treasuries and precious metals like gold. not buying the yen the way they o

about a retailer off to the races today to the positive despite the markets but let's start with bob pisanithe market action. >> s&p down for the fourth straight down. nasdaq down five straight days s&p since the year starts that's lows for the day you want to keep an eye to technicals because when you're the january lows, the intraday low. keeping an eye on. a lot of speculative activity around the crisis of ukraine and russia and see this in the commodity plays. speculators push up the stocks oil's been available around $92. interesting down day for the energy complex yesterday you see most of the big names, chevron, oneok up today. metalling and mining the shortages concerns there gold stocks moving a lot of speculative activity in country etfs that don't see volume for example, the russian etf turkey a lot of volume there taiwan specu specu speculative activity very tough day for speculative tech ark fund the main fund near two-year low zoom video near a two-year low roku down near multiyear low coin base down substantially. >> thank you let's turn to the bond market with yields rising

bob pisani. >> love that animation, by the way.this is the big cap we are seeing alphabet helped the s&p out on a down day today is the pposite today we are seeing facebook hurting the s&p 500. it's dramatically underperforming, the dow, for example, because it's so big out there. so let's look at the sectors here there is banks holding up pretty well they are stabilized. industrials a little bit of unfortunate news on the supply chain issues from some of them energy down a little bit remember oil is holding up very well, $88.89 paypal down. so take a look the big industrials continuing to talk about the supply chain issues and still trying to hash out how long it's going to be existing honeywell's numbers i thought were amazing very clear that the demand is strong across the board. that was one of the things we got from the earnings release. sales down 3% due to sflain issues operating margins a little bit weaker but they talked about the ability to raise prices and the guidance is a little bit on the lower side this is the same s

let's begin with bob pisani on today's big bounce we're holding up there, bob. >> we are. and kelly, the dow's having a great day. in fact, it's doing twice as well as the s&p 500. why is that? well, the dow is a price weighted index and some of the higher priced stocks are doing really well. amgen is doing really well amex is having a great day about 70% of the gains are these three stocks another sector are the financials jpmorgan is up, for example, and all the regional banks are having a great day this is because the ten-year yie yields are starting to move up got a new high in a couple of these names like fifth third second, third day in a row now, we're getting the reopening stocks doing really well royal caribbean had very positive comments on friday but wasn't up. yesterday, it was up big they said they're operating at 70% capacity but, by april, they're going to be operating at they believe full capacity and that's essentially what royal caribbean said the airlines are moving. haven't done anything for months united's having a couple of great days even live nation

bob pisani has more from the new york stock exchange. bob?rtant thing is the initial reaction is basically lighten up on everything good news is we lost about 50 points very quickly on s&p 500 dropped to 4425. and since stabilize a little bit. regained the losses off the lows but the quick drop there and if you look at what dropped just about everything except oil stocks technology stocks all drop about 10% with the s&p tech sector straight down very quickly big broad industrial stocks. honeywell, 3ms that have very, very broad global exposure dropped about 1% and stabilize a little bit in the last three our four minutes you think utilities might be safe but no utilities have moved down quickly. what didn't? oil. $92 to $94 fairly quickly. so stocks like occidental petroleum is up a little bit energy etf is up slightly. not dramatically there's oil from $92 to $94. oil is a sector and of course gold which moved to the upside as a classic safe haven play we stabilize but don't know much more than what kelly was telling us and i think the marke

bob pisani has more on the move to the down side. >> kelly, you can see the markets were pricing in some hopes for diplomacy. look at the s&p 500. word came out, chances are diminishing for diplomatic solution, we drifted lower remember, we have been in trading range of 43 to 4600 in the last few weeks, yes, it does matter you drop below 4300, technical people are screaming about that. since no one knows where it is going, technicals are important in these kinds of situations a little disturbing reversal in two key markets we have been watching in the commodity spaces energy had an absolute wild ride started the day at 58. now 51, 52 and change. 10% swing in four hours. after pushing these high beta energy stocks up 25, 30% in the last few weeks, people aren't sure what to do with them at this point not clear how much further you push them up, maybe take profits. a lot of uncertainty also in the commodity space, metals they have been on fire aluminum stocks, alcoa has been a big mover this year. just reversed today. confusion. nucor had done better in the last few weeks, but they also re

bob pisani is tracking the market impact, and ian bremmer is here to break down what could happen next. kayla, start us off with the latest on america's response >> the u.s. and eu rolling out a wide variety of sanctions, all of which were first reported this morning by cnbc and they are all in response to russia's full-scale military invasion of ukraine, which began overnight. just last hour, we heard from president biden that the u.s. and the eu will be freezing the assets of four russian banks with $1 trillion in assets, blocking western financial access for six russian oligarchs, and banning the export to russia of technology and software that serve russia's defense, aerospace, and maritime industries now, the move stopped short of sanctioning vladimir putin himself, the country's energy sector, as well as its access to the global payment system known as s.w.i.f.t president biden receiving several questions on those fronts, acknowledging european allies did not support the u.s.'s push to remove russia from the s.w.i.f.t. system, but said keeping the west aligned was the priority >>

so that really is an issue every day these stocks are to the downside >> bob pisani.o the bond market we go, the ten-year, its yield holding on to that level above 1.9%, 1.92% or thereabouts rick santelli in chicago hi, rick >> hi, tyler yeah, a two-day chart is very important here shows us several things. shows us the huge jump we had on a much better-than-expected jobs report were their caveats sure but the fact is that reckless endangerments have held up they held that pop as a matter of fact, tyler's pointing to 190. we settle at 1.91. you have 7s, 0s, 20s, and 30s higher yield prices than friday. if we stay above 1.91, which will be fresh -- show the chart going back to the end of 2019, it will be a fresh 25-month high-yield close boy, you want to talk about records, you have to look overseas here's the 10-year overseas. today was the tenth session in a row that yields closed higher. as you can see on this chart, that was a fresh three-year high it closed at 0.23% that is positive the two-year shots in europe narrowly missed ten in a row higher yields. it was a b

for more on the market reaction to the invasion of ukraine and sharp intraday move, let's get to bob pisanis are trying to figure out a bottom it has a tentative feel to it what's important is nasdaq turned positive and that's because megacap tech has turned positive look at the s&p 500. we were down 100 points right at the open the low print was just at the open we have now cut those losses you see there by 60% the reason the nasdaq has turned positive, megacap has turned positive why has this happened? no particular macro reason why the trading community has led itself to believe the fed is going slower, the 50 basis point rate hike in march which the market is afraid of, everyone agrees the fed has to hike rates, slower to combat inflation. not necessarily any hard evidence to support that just a mental belief going on. elsewhere, other signs of interesting little movement in the markets. consumer staples are getting sold heavily today that's interesting because consumer staples have been outperformers not just for this week, but for the year when they start selling them and they've been

. ♪ ♪ ♪ >>> and welcome toet etf edge portion of the halftime report i'm bob pisani another powerhoused business getting into the etf business let's talk to holly framstead which owns the american funds. holly, welcome capital group set to launch its first six etfs tomorrow. all of them actively managed and capital group is a relative late comer to this etf space. why now? >> thank you so much, bob. i think our times market is perfect. we don't watch funds very often and we are focused on listening to our clients and understanding if we can meet their unique challenges and the vehicles they're asking for with recent regulatory change we believe we're positioned to the capital group time tested active management strategies in the etf vehicle. so when we think of the six funds listed on the new york stock exchange tomorrow all six of them are designed to sit squarely at the core of a client's portfolio and we believe that by packaging capital group's management in the etf vehicle we'll be able to simplify the investment process for advisors and investors >> the capital group and american

edward jones >>> and welcome to the etf edge portion of "halftime report," i'm bob pisani energy, commoditiesvidends, anything inflation-themed, let's talk to the heads of two etfs in the thick of that rotation jeremy schwartz is the global chief investment officer for wisdom tree. vision is the ceo of amplify jeremy, you run one of the biggest thematic tech etfs out there. the cloud computing etf, wcld, a year ago, a billion and a half in assets, now under a billion how would you characterize the flows in and out of it right now? is there any sense of a bottom >> no, when you look at the big rotation, for sure, cloud has been one of the fastest growing segments of the market and those stocks have come up. they're around 33% off their 52-week highs, that cloud basket, it's one of the biggest drawndowns you've seen in any segment of the market so you're seeing the valuation of those have come to where they're the cheapest now they're still expensive versus market but they're cheap as they've been versus themselves in a long time. there's been modest, i would say, modest outflows people are sti

unbelievable >>> let's get to bob pisani. a very exciting oscar season right now.up 90 points. s&p is flat, pfizer is weighing on the healthcare sector people are watching that ten-year, folks, we're heading toward 2%. industrials have been struggling, because the earnings are tough for them they have price and cost issues. i'll talk about that in a minute china had a wild session overnight. the 300 -- csi 300 was sitting near a new low, but it's been all over the place, so let's review what is worrying the markets. remember, the big concern is stagflation. the worth-case scenarios, you get inflation and no growth. so far we're not that jobs report was very good for the idea we're getting -- we still have growth. inflation and growth is better than inflation and no growth that's one of the reasons the market has holding up so well. we're getting a lot of concern with that inflation story, particularly in the big industrial names carry are is one that reported today. they're one of the big heating and ventilation companies in the world. it's growth stories there, re

we're now in negative territory across the board less ate guess over to bob pisani we started positivethe commonity spaces. >>> tissue is getting a lot of play, too. people are trying to make estimates or guesses on where they think mids term activity might be going you can see this in the commodity etfs that are out there. this is the big energy etf, a big move up. it swung in a 7% range yesterday. even with that big 25% move to the up side. that's a sign of confusion when you get 7% price moves in a single day dba is ten agricultural futures. ukraine, russia, huge exporters the wheat here volume is very, very high meantime, we just have the normal machinations. enormous return on, and just in the last couple days, bick fees sizable dividends increases, and yep it's the year of the dividend basket of dividend-produces stocks are outperforming the s&p 500. finally, a lot of people asked me about the 10% correction hit we they have had yet in just note here. we've had many 10 march declines since 1980 by the way, as everybody has noted, one year after you tend to have these modest corre

. >>> ftc proposing a slate of rule changes, gary gensler agenda takes shape bob pisani >> s.e.c. wants to know more about hedge fund and private equity today approve add proposed rule that seeks to have fun with significant losses report what happened to them within one business day also want to know more about the fees they charge and want more disclosure of the funds performance. also wants to know a lot more about cybersecurity breeches a second proposed rule requiring companies to report significant cybersecurity incidents and maintain cybersecurity-related records. finally adopted a proposed rule to reduce time between excuse of a trade and its settlement the date on which stock transsections settled from three to two in 2017 and now s.e.c. proposing to shorten the settlement psych toll one business day this a big prominent issue after the gamestop stock in january 2021 sara, opening this for a 60-day comment period and after that proceed to a final rule if they want there's 50 proposed rules in front of the s.e.c. this spring. big agenda in decades. see what they get throug

. >>> let's get to bob pisani, who has more on what's moving the markets this morning >> a strong startto 1 advancing to declining stocks that's a great start all sectors were up. yields are retreating a bit. bank are not doing so much, but they've been on a tear and the two sectors really had the big momentum in january and most of the year, energy and banks, up today as well. but oil topped out at, what, 93 on friday, so a bit of resistance the last couple days. a lot of debate on whether it can hit $100 we used to have the energy on the new high list. what is there now is some of these big financial name a few regional banks hit new highs, but morgan stanley is there the. a lot of insurance companies are at a new high. this is nice toes a new leadership group earnings, you hope you watched the great interview with greg, but nichols has a lot to crow about. they did have offset by higher prices the margins went up, quite remarkable, for the company, and you see that stock up 7% on a tear speaking of omicron, people went out to restaurants, cvs these are amazing number 8 million tests

let's go to bob pisani >> there is no confusion how the market in general.stocks, energy started right here a historic high and quickly came off of those highs. it was much more at the open maybe a little less anxiety about the impact on commoditie because of what they're seeing in russia. healthcare, semi is trying to bounce back after a terrible week last week china is down again, regulatory concerns in the tech sector in china. msci hilt its high a year ago. china has had a disastrous year that is continuing into 2022 as for where the money is, the momentum is? it's all in the commodity place f. you look at the metals and mining indoppler 6000 that thing has been on fire, probably up 10/12% anything in oil services is up 20-to-30% so far this year brazil, caribbeaning rich countries like brazil and south african are also very strong metals year-to-date, when would you think you would see alcoa as a leader in the s&p 500. anything alluminum, metals space, specialty metals company, also up 49%. most of the steel names are up 8, 9, 10, 12%. the energy names

okay focus on the big story bob pisani tracking action at the market, losing more steam and talk about latest developments in eastern europe, alex birdo from eurasia group. >> at lows of the day, jon important to watch the technical levels because we're approaching the january 24th lows for the major indices. where we are now dow jones industrial 33221, old low, 33150 50, 60 points away s&p 500, low train day low, january 24th, 4222 about 20 points away nasdaq composite below there 13094. again, january 24th. not far away why does this matter not sure what to do on the fundamentals tshs is confusing right now traders watch technicals everyone becomes a technical trader in these situations watched that look at sectors. two big plays, of course, on the buy side that is number one, of course. energy complex and number two, metals and mining, aluminum, cold moving. both playing out today global industrials air lines weak on travel concerns big global names, caterpillar, cummins, for example, also weak as well. tech is major problem today, because we have two big sectors. mega cap technolog