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Transcripts For FBC Countdown To The Closing Bell 20130808

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Possible collusion when it comes to companies and funds going long. Herbal life, herbal life stock moving higher by 2 right now, but theres a lot of bad blood now between the soros fund and akman fund. Watch it closely. More on this in a moment. Hedge fund heavy weight bill akman turning up here on jcpenney frustrated with the retailers performance, and he wants a new ceo installed in 3045 days. Now, former ceo has been receiverring the interim ceo after the Company Fired ron johnson for providing over dismal store sales and a reset of the stores that did not work. Now we have another former jcpenney ceo, allen, who says he might consider returning as pennys chairman. He apparently has been asked, according to the wall street journal, by akman, and the stake has been a mess. Theres an intraday high today, but at 1371, its a far cry, certainly, from hitting the 12year low of yesterday, which was 121. 50. He has to do something. Theres a couple positions going the wrong way, and herbal life, as well, which hes shorted the company, and its moved more than a hundred percent since the start of the year. Electric car maker, tesla, enjoying a ride today after better than expected earnings of 20 a share rather than a loss of 19 cents. Look at this stock. 24 is just the intraday picture. 154. 02, at the moment, up 14 . Look at it year to date. The stock is up some 300 year to date, and, of course, the big announcement that had come yesterday, is that they are purchasing, possibly, the land can we see a year to date or a year . That would be nice. Important to note that they have apparently bought the property next to their Freemont Assembly line. There you are. One of the few operations who has an inside look at this. Its fascinating, they wear red, all the equipment and robots are red, very chic. Here we go. Theres the oneyear chart. It was languishing, up 50 the beginning of the year, and now at 154. 11. Lets get to the power mover of the hour, groupon. You know, yesterday, they had earnings. This movings shares of the Online Company soaring today after meeting expectations. Thats all it took in its Earnings Report after the bell, up 20,yearold 21 , but maybe its this announcement helping it. We told you this yesterday after the bell. The Company Also Named interim coceo as chairman to ceo of the company, and they were sharing the role over the last few months, but the management clarity has been influx since the ceo of fired. He founded groupon, and the stock is not flattering at all. Look at the move, since ousting, the stock is up more than 140 , yeah, dont feel that good when you, as the founder, moved down, but today, shares hitting the highest level since june of 2012, and, by the way, playing music, whats that in the background . Its from andrew masons album that dropped a month or two ago, hardly working, and we hope his music career goes better than the ceo stint, but he founded a great company, worth a lot. Great stock stories translating to green on all major screens. To the floor show, traders at the new york exchange, and john, we were down earlier today by, what, about 52 points. Why the turn around . I think what were seeing here is a correlation between the last three trading sessions and today. Theres pressure on the market, not heavy pressure, but quiet pressure, anticipation of coming in september or october, and taking short term profits off the table, but were not going to have consecutive sessions like weve seen in the last few sessions, so well get the bounce. The bounce lasts for a while, i dont, theres no catalyst to give us a bounce here. Economic data is soso, Earnings Reports coming in where everyone thought, and so people are just stretching now. Tomorrow, six ipos at the new york stock exchange, tomorrow. Oil services company, reits, and technologies. That spurs interest back in the markets. There could be a follow through tomorrow, but maybe more profit taking coming off after the weekend. Six ipos, and, of course, showing the first time jobless claims numbers rising slightly, but the trend, the fourmonth moving fourweek average is better, certainly. Jeff at the imex, i dont want to bring up copper and go too deeply into commodities here, but copper, a twomonth high, gold above the 1300 level, and im sure people are talking about that as well as energy. Oh, absolutely, but today was pretty much an oil centric kind of day. We really came off here. We finally broke down technically in the last hours of yesterdays session, and we came down, and went through some of the first, and theres big numbers. Market rally a dollar a year, a market thats in a down trend, and it is a sale until further notice. Now, keep in mind this is a market that, as i said, in the last time i was on your show, that had no business become where it was, and it needed some real technical geopolitical news to maintain that, and its timely succumb to about the third or fourth straight api numbers that just were not Strong Enough to support the numbers. Yeah, it follows 97 cents, not huge, but, hey, nearly a dollar, people take notice. Allen, im looking at an interesting tenyear yield movement. Its just strait straddling the fence between 2. 8 . Can you read that as bill grossman, came out with a letter today saying stick with me, i know my fund has been done, certainly, but we will figure out a way to deal with this . Theres a huge resistance at 2. 8, the halfway mark in the last five year, and we bounced off that or close to it recently. We are inching up, as far as yield goes, but look at bonds, they had a little of a bounce on the 30year, and i think the focus needs to be on the dollar. The dollar at sixweek lows, below 8 is , pushing the euroowe above 134. That could be a catalyst. Not too long ago, the dollar at two and a half year highs which is positive. Its put in the bottom, in gold, in my opinion, and 1300 an important point on a weekly basis. Looking at the gold market, another way to play it is with gdx, the gold miners index, hammered, twice the losses, and thats a long term play, call options in the money, look for the market to rebound as a gold play when it stabilizes and comes back. Liz good to see you, thank you so much for joining us, and dow is holding on to gains ever 37 points. Team mobiles tmobiles no contract strategy. Guess what, its bringing in a boat load of new customers. Nicole, we have the ceo in a fox business exclusive in the next hourment cant wait to talk to him about this. Right. This is really a big deal. Well continue to follow tmobile. Look what it did today, up 3. 5 . You noted they just continue to add customer, and the ceo will be happy to bring that news to the shareholders and viewers, and they say their customer ratios, that theyve seen versus names like at t and sprint have improved in july from the Second Quarter ratios that weve seen. Theres a look at tmobile, shares over the last year, really have been impressive. Year to date for the year 2013, its up 25 . They added 688,000 customers, and these subscribers, the wireless subscribers, very valuable, and this was in the latest quarter, so, of course, a great move here for tmobile. Liz we love the competition in the space. Coming up at 4 p. M. Eastern hour, david asman and i are talking to john ledger, the tmobile u. S. Ceo, the first time they are breaking out the numbers because, of course, one of the big holder is deutsche telecom. Watch out sprint, verizon, at t. Its an exciting story. Closing bell rings in 50 minutes. Americas biggest banks under siege from government investigators. This is not regulation, but investigation. Chs it mean for the stature of ceos like jpmorgans jamie dimo, n, and how concerned should you be if you own the stocks . It could affect them. A fox business exclusive giving assessments of the risks to your portfolio, and he just came out with a note on this. You need to hear what he says in the perception about this. And it seems Hedge Fund Billionaire dan loeb wants to be bffs forever with George Clooney after the very public feud over sony and its future. We were on the story from the start. When we come back, the very latest. With the spark miles card from capital one, bjorn earns unlimited rewas for his Small Business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purche every day. Produce delivery. [ bjorn ] just put it on my spark card. [ garth why sele for less . Ahh, oh [ garth ] great businesses deserve limited reward heres your wake up call. 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Dick, capital bank analyst joining me in a fox business exclusive from tampa, florida. Im holding your note that ame out today, reading it, fascinating stuff. Get to why now . It took several year, and now, suddenly, its almost like the sting of the first wound of the financial crisis is gone, and suddenly, they are going after these guys. You know, well, i think the reason is that the banks are doing so incredibly well that, basically, the governments goals for the Banking Industry are not being met, and as we can argue, the reason its done now is because it took years to get the information together to sue the banks. All we could argue thats being done because we have this Department Division in the Justice Department that basically is if they dont sue people, the guys are going to lose their jobs, but i think, if we go another step further, we might argue that basically american banks are making huge amounts of money right now, and they are getting bigger, and as a result of that, they are doing things that the United States government policy concerns banks doesnt want. The american government, whether its the president , the congress, the Federal Reserve, the fdic have all indicatedded they want smaller banks. They want too big to fail to go away, and its just not happening. Liz well, dick, so do we, we dont want to bailout banks again, that i get, certainly, but as the banks tonight, my imosh, you say im making too much money, sue me. They are suing them. That doesnt seem to have a lot of intelligence behind it, but, again, do you think that some of these banks, i mean, look at jpmorgans balance shoot, it is human, a lot of people own the stock, and, therefore, in a way, i found in the note you argue as the department of justice sues jpmorgan, they sue the American People who hold shares in this, but i see are they worried that jpmorgan could be too big, something might happen, and then were stuck again with the bill . Well, but the fact is the last time around, the government made a fortune on the collapse, and in other words, you know, under t. A. R. P. , the government made a profit of 20 billion. Under the extensions of, you know, credit not credit, but the guarantees of debt, the fdic made 1215nd the Federal Reserve, last year, made 8 90 billion, before the crisis, 30 bill, that goes to the u. S. Trash reits, to the taxpayers. The fed gives that money to the treasury. They made 90 billion last year, and thats up from 78 billion the year before that, and 60 billion the year before that. The fed is making a huge amount of money, and that money is being begin to the taxpayer. The fact of the matter liz does that then make these companies, these stocks less attractive Going Forward . Hate that term, but Going Forward, do they become less attractive if we feel they are getting the fcc swirling around, the department of justice filing all kinds of both civil and criminal suits . Well, i think the governments thrown as many atomic bombs at the industry as it could. You have the doddfrank act, the basal3 agreements, a series of regulations in place by every agency that we have. The occ and the fdic, the frb, and the banks continue to make more and more and more money, so this this bond that they are throwing is not a very big one, and in other words, they have not yet sued jpmorgan for criminal activities. They may be thinking about it, but they have not done it. Liz right, okay. As we finish, does this hurt the statue of the bank leaders like jpmorgan and jamie dimon . Put it this way, take the five companies in the United States that made the most money, jpmorgan is number three, and wells fargo is number five, so of the and thats in any industry doesnt matter what industry you are talking about. Theres only two companies in the United States that make more money than jpmorgan, apple and exxon. The net effect is why should investors get upset with the guy who led the company from a very troubledded company five or six years ago to the company that makes the third most amount of money of any company in the United States, makes more money than any bank in the world other than the chinese banks that dwarf this one. Liz dick, you got what is your rating on jpmorgan . By the way . We got to buy in just about everything. Liz okay. He likes the stock nonetheless. Great to see you, thank you so much for joining us exclusively, dick. Thank you, liz. Liz 40 minutes before the closing bell rings, and inveesers have so much to chew on this season. Its exciting. Results just out, Frontier Communications, this is a rural telecom, telling us what is driving the companys growth and why you, the investor, should pay close attention to both the stocks. Thats coming up, and apple ceo, tim cook, facing mounting pressure in the company, but are they shooting at him under his own tent . Charlie is coming down with exclusive details next. Join us at projectluna. Com and this park is the inside of your body. See, the special psyllium fir in metamucil actually gels to trap some carbs to help maintain healthy blood sugar levels. Metamucil. 3 amazing benefits in 1 super fiber. Oh, all you dividend seekers know this name. Frontier communications. The Company Reported Second Quarter earnings in line with analysts expectations on the top and bottom line. Challenges certainly, but number one question is whether the company can continue paying up the healthy dividend of 8. 9 . Its a Regional Telecom company, and shes frontiers chairman and ceo exclusively, and heres what she told us, first, about the dividend. The diff depped is absolutely safe, you know, we focus on the dividend as a priority in term was our use of cash in the business, and if you look at our payout ratio know, for the whole year, its below 50 , so we have a lot of head room for our Free Cash Flow in order to pay out the diff depped, and when we think about the dividend and think about it as a cost of capital for frontier, so we use our money to invest in the business, and then the second use of our money is definitely protect the dividend. People love frontier, maggie, because of the dividend saying no matter what the economys doing, i can win with this name, and yet a lot of experts look at it saying, what about the actual stock . It is getting higher, certainly, from a low of 4 , but what is the number one thing you do now that you feel is getting you on that path . As you know, liz, we tripled the size of the company, just three years ago in july, and during that threeyear window liz with the veer ryeson purchase . With the verizon purchase and Rural Properties not invested in. We put over 2. 3 billion of capital into the properties to bring them up to spheed. Were now at about 85 reach for broadband in all markets so we brought broadband to Rural America that did not have it before. Liz great numbers. Absolutely. Liz were not denying theres issues at front tour. Sure. Liz cues mothers and losses, but you float them, and its the broad jpmorgan band business and growth there, better in the recent quarter than all of last year. Absolutely, and we knew that once we had consolidation done with this acquisition, once we finishedded all the conversions at the end of 2012, that 2013 gave us the opportunity to really push our go to market in a very different way. Liz the business is changing, and you know that as well as i, you have the genx, y and z, no land lines, not interested, wireless all the way. How do you keep Frontier Communications exciting to that customer . Well, you know, a lot of people think about us as just a wire line company, but were a wireless broadband company. Look at the households and businesses, we provide wireless capability in the locations, and if you think about this huge demand with all of these Smart Devices that have come out, theres a huge demand for broadband, so when you walk in your home with a smart device, you automatically switch wireless to my network, and my network has more speed and capacity than you can have in a regular wireless network, especially in Rural America and suburban locations. Were very relevant. Finds Rural Business very relevant. Theyve made all kinds of noises about going into your backyard, doing exactly what you do and more. Do you look at them as a real competitive threat . What are you doing in advance of that . Well, our heads are down ensuring we do the right thing theres always competitors out there. We compete with very, very large companies, larger than we are. Liz comcast. Time warner a good example of that, and we compete by differentiating our product and services, where we do business, and stay connect to the customers. Liz give me an example. Compare broadband and time warner. Time warners Second Quarter results for broadband, they put on in the residential section 8,000 broadband customers. I did 30,000. I have 3 million customers. They have, like, 30 million customers, so very different. Were very laser focus on broadband, and we do know that if you decide to live in a Small Community in this country, you should have the same services as if you live in new york city. Liz as we finish, theres a lot of changes at the fcc, a new fcc chair, do you think hes going to listen to the issue of rural versus the big boys in the business . I think tom wheeler is a good choice for that position. You know, hes been in the wireless business from an association perspective, been in the cable business, and so he understands both wired and wire line. Hes fair. I think he will look to do whats right, and i also think he will focus on america in totality, not just the big cities is. Liz maggie, thank you very much for joining us. Thanks, liz. Liz we have breaking news right now, sandra, president and chief executive officer of the Federal Reserve bank of cleveland has Just Announced that she will retire from the bank early next year. She joined the cleveland fed in 1983, head of the bank since 2003, and recently made news saying that if the economy continues on its trajectory of growth weve seen, we should, quote, start tapering soon. No time exactly put on that, just soon. Closing bell ringing in 30 minutes. In a moment, charlie has some behind the scenes board room intrigue at apple. What it means for ceo tim cook, a fox business exclusive, stay tuned, hes coming right down. If youve got it, you know how hard it can be to breathe and man, you know how that feels. Copd includes emphysema and chronic bronchitis. 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[ male announr ] one pill each morning. 24 hours. Zero heartburn. Liz breaking news, growing unrest inside apple, in particular on the tech giant board of directors. Working the story all day. Reporter on the ceo. From what we understand there is concern. Forces telling us about the pace of innovation. What have they have lately . Ipad, a few other things, but they dont have anything innovating from what came from steve jobs. Investing and said in to innovate and do something fast. This is an interesting boardroom drama. It does not mean that he is out of a job or that there is a job search out there. I dont believe thats happening. Sources inside apple in telling us that is not the case. What we have been able to confirm, the board is now worded. They have the right stuff in the pipeline, innovative stuff, stuff to keep the momentum going , that just started our report. How that will translate in the still too far sales and stock price. Its down 35 . There is no doubt that apple is a company right now, they are and some worry about what is going on the future. I hasten to say that the board believes, worried about whether use the right guy. I dont think were there yet. Liz not excited about the things he specifically talked about. We should point out he says his fund yourself in the pipeline. Recently quoted. How innovative i am in technology. The last person is to be doing this. Far from whatever. Liz does that have passed and senate . The first ever made. But i know how to report. There is now on the board level of recognition that something needs to be done of of the future in terms of whats in the pipeline, what it will do, are they innovating enough . Is he innovating in fs c. L. Another telling you theyre worried by him being the right hon. For one eye and a stand there 100 percent behind him. There clearly just concerned with the Company Aware is going in the future. We should point out the steve jobs, his successor, the legendary, and the book isaacson hidden have the straight meteoric career. This was along the way. Liz steve jobs. Theyre is a growing fan is stepping in determine the issues. That said this is a company that investors, and particularly here quarterly and Earnings Results costar price this is one of the great things about a system. I console you, at least from the boardroom, what does that mean . Liz you know what is next, they start floating names of film might do better. Im not trying to tell you too far from what i understand there 100 percent behind the stone. Im going to give the logic know. Every time i hear that the board is concerned thats always been the starting point for is this the right guy for this up. My sources tell mm theyre not the point where theyre questioning whether his the rate cut. It always starts with this. Board room pressure. And then, do you perform. Interesting, al gore is on the board. Liz im sorry, he said j. Crew. William campbell, and reagin. Avon. Arthur levinson. Is the chairman. This is not a light wood board. Outdoor is a smart guy. But this is a High Pressure hi power board. This is apple. Apple is the big stock 30 years ago was gm. Low was in everyones portfolio . Liz analysis. A lead tech analyst. You just heard the breaking news that not necessarily of a floating in names for someone to fill the position or at least help them, but theyre wondering what is coming in the pipeline. Does this surprise you . Hes probably right that those are the questions a being asked. Ultimately be, a basket of what comes out in 2015. My suspicion is given away them may be thinking about the longer and bigger picture. This doesnt change. What hes reporting does not change our belief it will come out with a watch in the fall next year we continue to get confirmation the bofa, ms 114. At the antithesis assigned been, a healthy board, as you have been reporting, this does not mean his job is that risks, but also think that this board reads the news, just like everyone else and probably wonders of love mom, all of these reports about lack of innovation and the reality by that bomb. Its hard to step in and shes a legend. He has the shoes to fill when. Let me ask you your opinion. Is this debt up to this job . In some ways will inherit a company and stock like this some people might say its hard bin. Mom thats kind of an impossible position. In the position hes in. I think in terms of the measure about what it means the, if it means replacing majority of his hands up some commanders nolan noted ahead. If the jobless to get it to a point where it grows in has enough new products that can work and grow and stocks can go up, if thats the goals that he is absolutely the right track. Could four years when he ran the company. A lot of it was driven by jobs but he is the guy. There is nobody elses. It has to be somebody that no one has ever heard of. In the name will be a distant second to. Liz any Board Members . We have some very smart people. Big names. His expertise would not be in that field hands. What are we talking about . Can be. Liz i dont know. But if they dont come up with the product and that assistant clumsy and large and uncouth he. If the board is talking about this in then must not be excited i believe this conversation is happening. I believe what turley is saying. The question comes down to a, its maybe more about have the will keep competing with these predictive services. That is where the battlefield will be. A dont think there is any risk his job or that this changes will be a very exciting year in 2014, and the products will be clumsy. The question is will people wanted to know whether it will be the quality. Liz one more question. Is obviously a very giving operational manager. Does he need a number two . He does. Move bits whether going. The restructuring, nine months ago im when he took over Product Design dalai essentials it would you give him is the closest thing. Takes two people to fill the shoes the. Liz thank you for joining us. We appreciate it. And the stuck now is at least at last check them. And we come back much more when. Eagle materials is a Company People have been piling into the. The stock is up double digit percentages him. Plus another dramatic twist now. Might this be the final chapter in. The look who is backing down and apologizing. We will tell you next. The boys used double miles from their capital one venture card to fly home for the big family reunion. You must be garths father . Hello. Mother. Mother traveling is easy with the venture card because you can fly any airline anytime. Two words. Double miles this guy can act. Wanna play dodge rock . Oh, you guys and with double miles you can actuay use, you never miss the fun. Beard gwing contest and go win whats in your wallet . Bounce is great because the freshness lasts for weeks in the drawer. Why cant everything stay fresh that long . [ male announcer ] how do you get your bounce . [ man ] lasting freshness. Liz everyone gets excited about celebrities. We have been telling you about the showdown between hollywood superstar George Clooney and Billionaire Hedge Fund manager Danielle Loeb about whether the companys entertainment business should be spun off, particularly saudi splitting into. That is what dahlia wanted, but now he is eating a little bit of humble pie. He is apologizing after his idea was voted upon and rejected. In an interview with variety he said notwithstanding the fact a media likes to create a stir i admire his passion for sony. Intelligent investment and Creative Content to spend our interests are aligned in a way he probably does not realize. You could say that is an apology, but he believes there is more shareholder value to be unlocked. Twentyfirst sent his letter explaining this, the stock jumped. You cannot ignore that fact. Where has it been . That is the next chapter. I doubt it is the last. The Housing Market has become such a long way. It has also seen a bit of a slowdown this summer after charging ahead. As Interest Rates start test tick higher and homebuilders rush to keep up with demand, lets find out who the real opportunity is for, we will bring in this deal of a company hoping to build the recovery. The ceo and president of legal materials joining us in a fox business exclusive. My as he looked at what happened from Court Recorder you missed on both the top and bottom. We will get to that in a moment. I am less interested in that and why you think he saw a little bit of a slowdown. Really things have improved. We had a little seasonal weather at the beginning of the quarter, but what is really exciting is to see a company that has the ability to improve and grow and continue to outperform the competition. Liz let me clarify, of the nine largest, while there were up this quarter to yearoveryear, they have been up 22 in the first quarter. So that is what i am talking about. Just a little bit of a pullback. All of our construction markets have improved yearoveryear. Some of them greater than others. The markets close to the sale energy boom are doing exceptionally well. We are fortunate enough to be near a number of those. Liz can i interrupt you . Is that where you see a lot of opportunity . 50 of your business, we should clarify, comes from the housing industry. Fracking, and this product to put in there, which is hydraulic fracking sand used in hydraulic fracturing, something that is, i guess, and bigger demand. To you think that is will be at your bottom line . That is where we are continuing to focus and grow the company. We also produce the special cement casing the oil wells. So we are able to take advantage of the energy play in multiple ways. In addition, there is just a lot of Construction Activity in that area. We can also supply the wallboard which includes the paper that comes from a papal paper mill. We by having just a fantastic group of employees who have significantly outperformed the competition, we are able to take advantage of the Growth Opportunity and significantly expand our cement business, expanding into oklahoma, kansas, missouri, nebraska by buying a couple of two or three little operations. Liz well, cement and aggregates are a big part of your business. Here is what worries me. They are heavy and cost a lot to transport. All you have to do is look at an oil chart and see the yearoveryear we are now about 106, 105 per barrel for crude. Are you worried about that . How will that affect your company . We continue to produce more products to meet demand. The price for it oilfield work isreater than general construction and will continue to focus on producing more products to service the oil service company. Liz your stock is up 68 yearoveryear. You made it through tough times in the early stages of the recession, so congratulations. Great to have you on the show. Thankyou. Liz president and ceo of the military else. Breaking news. Adam has it. Reporter this is in response to your interview. Sending out a letter to all of the employees worldwide saying that in this letter talking about the takeover, talking about taking the Company Private. I believe that the offer, 13. 75 per share, just to remind you, offers full and fair value for stockholders and is best for the future of our company. He goes on to say that the change in the voting rolls with special committee is giving dell, this will enable us to enact the will of the majority. There is disagreement. He said previously that special committee and the board are at least using self granted imperial status to boost the chances of michael dell taking the Company Private. But the keas a wrapup is that he wants to take the Company Private and says it in a letter to his employees because unease to accelerate the transformations for longterm competitiveness. What he is talking about is giving away from the prying eyes of wall streets early in turn this into a Software Company and taken away from what it has been doing for years and years, making computers. Liz the day before yesterday, the billionaire on the other side of this battle was on with fox business, and i am hearing from sources that people at silver lake took notice of the interview. Clearly this letter might be in response to that. The invitation is extended to come on the program and talk about it, as always. Closing bell ringing in five minutes. Ol ww will be right back. Liz and yeah, we can make room. Yeah. [ le announcer ]. 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[ coyote howls ] how about no more surprises . Now you can get all the online Trading Tools you need without any surprise fees. Its not rocket science. Its just common sense. From td ameritrade. Liz holding on to gains for the markets, lets get to david asman. Hundred games coming out with earnings. Priceline are close to of thousand dollars per share. Will they go higher . Lets go to Nicole Petallides on the new york stock exchange. J. C. Penney is making a comeback. Reporter so much going on. The question is whether not it will come in and then he took over for ron johnson. And saying get the ceo and there now within 30 to 45 days. Basically now. So frustrated. J. C. Penney shares drop. Liz in the meantime, nobody is going. One of the market watchers were the zombi company here at this point. Tesla alive and kicking. Shares surging hitting an alltime high following positive earnings the came out this hour yesterday. The model gaining in popularity. A great news. Alltime highs up. David by the way, tmobile jumping because of a big jump in contracts subscriptions the came out with earnings. We will have the ceo of tmobile usa coming right here in just a minute. The bell is a ringing. Gold up big time. He will talk about that in a moment because the gall dollar drops, gold goes up, but so does the market in general. Not a huge stake, but a solid day, as some individual stocks are just banging it out today. Liz allow the breaking news on dell, so much more. Apple as well. Jo ling kent breaking news about boardroom drama. Frontpage headlines. Initial jobless claims dropping less than expected. David j. P. Morgan has disclosed its bases

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