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Description: Watch CNBC's senior markets correspondent Bob Pisani answer all your markets and investing questions. Ask away in the chat.
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um so let's jump right into it first up 4.5 Jump to 94.74 ORDINAL first
yeah actually is we're up about one and 3.88 Jump to 101.18 CARDINAL about one
a narrow trading range around 4 100. 5.04 Jump to 113.939 CARDINAL around 4 100
thought so remember going into the first 3.301 Jump to 237.599 ORDINAL first
that earnings were going to be 10 20 2.821 Jump to 247.799 CARDINAL 10 20
lowering their estimates for the first 4.5 Jump to 253.019 ORDINAL first
for the first quarter because the 2.579 Jump to 258.9 DATE the first quarter
expected second quarter is a little bit 3.961 Jump to 261.479 DATE second quarter
lower but not dramatically the second 3.6 Jump to 263.58 ORDINAL second
thinking earnings going to be down 10 to 4.2 Jump to 280.08 CARDINAL 10
20 this year right now the current 4.62 Jump to 281.46 CARDINAL 20 DATE this year
one percent that's not a big year but 4.92 Jump to 286.08 PERCENT one percent DATE a big year
that's not down 10 to 20 so the 5.64 Jump to 287.94 CARDINAL 10 to 20
calling upon this recession for six or 5.28 Jump to 293.58 CARDINAL six
eight months now and it hasn't happened 4.02 Jump to 297.06 DATE eight months
yet now we may get one we may get a mile 6 Jump to 298.86
think was six trillion dollars that's 3.06 Jump to 382.02 MONEY six trillion dollars
about 50 percent of that was Social 5.52 Jump to 385.08 PERCENT about 50 percent ORG Social
Security uh Medicare and Medicaid 50 of 5.34 Jump to 387.12 ORG Medicare ORG Medicaid CARDINAL 50
of it defense was 13 paying the debt was 5.34 Jump to 405.6 CARDINAL 13
I don't know five to seven percent so 4.26 Jump to 408.18
um you know maybe 20 percent 4.921 Jump to 418.919 PERCENT 20 percent
from 62 to 63 and 64 and there's there's 4.44 Jump to 456.72 CARDINAL 62 DATE 64
about 66 you can retire at 62 but your 6.059 Jump to 464.58 CARDINAL about 66 CARDINAL 62
um you know kick in around 66 and full 6.96 Jump to 470.639
benefits only until 70. so people 5.759 Jump to 473.94 DATE 70
you think well first of all the thing 4.981 Jump to 494.699 ORDINAL first
stock market returns about 10 percent a 3.24 Jump to 529.8 PERCENT about 10 percent
and I you know I had almost 75 percent 6.12 Jump to 547.26 PERCENT almost 75 percent
funds S P 500 is my largest holding I 6.44 Jump to 553.38 PRODUCT S P 500
their 401k if they have one available 5.88 Jump to 612 PRODUCT 401k
they're two uh cautious on their risk 30 5.98 Jump to 614.12 CARDINAL two CARDINAL 30
know 20 in the bond markets you're too 4.56 Jump to 625.86 CARDINAL 20
more than five years owning a home makes 4.68 Jump to 643.92 DATE more than five years
I've owned it for more than 15 years so 5.28 Jump to 669.54 DATE more than 15 years
living if you're staying in one place 3.48 Jump to 683.64 CARDINAL one
Exchange celebrated 231 years this week 5.519 Jump to 701.76 DATE 231 years this week
yeah I got there in 1997 uh I had been I 6.12 Jump to 711.6 DATE 1997
had done stuff sporadically from 93 to 5.101 Jump to 715.079 CARDINAL 93
97 but I came full time in 97 there were 4.44 Jump to 717.72 CARDINAL 97 CARDINAL 97
4 000 people on the floor when I got 5.099 Jump to 720.18 CARDINAL 4 000
there in 1997. um and 80 of the volume 5.82 Jump to 722.16 DATE 1997 CARDINAL 80
225 250 guys doing uh fifteen to twenty 6.341 Jump to 733.519 CARDINAL 225 250 CARDINAL fifteen to twenty
and software that enables sub second 4.56 Jump to 748.92 ORDINAL second
the 231st as I recall May 17 1792. 8.1 Jump to 782.1 PRODUCT 231st DATE May 17 1792
um and there were 24 Traders uh and they 4.38 Jump to 813.12 CARDINAL 24
um we will only trade amongst us 24 and 4.739 Jump to 822.66 CARDINAL 24
the sixth floor the original copy is 3.539 Jump to 842.04 ORDINAL sixth
there it's one of the most important 3.781 Jump to 844.139 CARDINAL one
um and uh these 24 members all signed it 5.52 Jump to 847.92 CARDINAL 24
that one of the guys who signed it was 3.839 Jump to 855 CARDINAL one
trade in 1792. what had happened was 4.28 Jump to 872.04 DATE 1792
what these guys did these 24 people did 4.861 Jump to 916.019 CARDINAL 24
Street and one of the reasons the odd 4.14 Jump to 1014.54
about 1811 that New York had a grid plan 6.24 Jump to 1032 CARDINAL about 1811 GPE New York
name and he's one of the guys who signed 4.26 Jump to 1047.299
appointment and by that I mean uh one 4.2 Jump to 1068.24
um uh during the 18 you know 40s and 50s 4.98 Jump to 1091.1 CARDINAL 18 DATE 40s DATE 50s
would trade it for five minutes so the 2.82 Jump to 1100.46 TIME five minutes
chairman would say I have a bid ten 3 Jump to 1102.02 CARDINAL ten
just that one stock for five minutes and 3.779 Jump to 1105.02 CARDINAL one TIME five minutes
seventh floor a remnant of the old 3.659 Jump to 1120.14 ORDINAL seventh
the 1903 building but there was a 3.841 Jump to 1123.799 DATE 1903
the wall on the seventh floor it's the 3.96 Jump to 1133.16 ORDINAL seventh
and the clock only tells time in five 3.36 Jump to 1137.12 CARDINAL five
it's literally a five minute handle and 5.319 Jump to 1142.72 TIME five minute
uh at the end of five minutes they they 4.919 Jump to 1146.12 DATE the end of five minutes
in one more question before we end today 5.579 Jump to 1217.1 CARDINAL one DATE today
um we had one coming from Frank Holland 6.899 Jump to 1219.14 CARDINAL one PERSON Frank Holland
of June 1st you know we've talked about 4.2 Jump to 1228.62 DATE June 1st
annually dropped 25 points on word that 5.94 Jump to 1248.84 DATE annually CARDINAL 25
in the second half of the year are too 4.8 Jump to 1344.72 DATE the second half of the year
second half of the Year believe it or 3.241 Jump to 1365.659
look six to 12 months out so we're 4.801 Jump to 1378.679 DATE six to 12 months
already you know looking in the second 5.039 Jump to 1381.14 ORDINAL second
the first and second quarter now of 3.541 Jump to 1405.679 DATE the first and second quarter
2024. 4.819 Jump to 1407.36 DATE 2024
estimates are higher for the first and 3.84 Jump to 1417.14 ORDINAL first
second quarter so we'll see remember 4.919 Jump to 1418.76 DATE second quarter