Chairman ben bernanke offered no urgency ending the Bond Buying Program. Gold lost 16. Oil moved up 55 cents. Also in the session, the feds beige book noted the economy is growing at a modest to moderate rate. A trio of tech earnings came in after the close ibm profits fell, but big blue lifted its forecast. Ebays earnings were in line, although its outlook was weaker than expected. And intel earnings fell 29 . And the filibuster in the senate has ended, allowing president obamas nominee to the labor deparment, thomas perez, to move forward with his confirmation. Todd horwitz of average joe options is all over the Trading Market for us this morning. Good morning, todd. Good morning. How are you . I am doing wonderfully well. What about comments from the fed. Stocks moved higher as ben bernanke was on capitol hill yesterday. What will it mean for todays trading . You know, i dont think he said a lot, and hes still got another full day of testimony today. I think yesterday he accomplished exactly what he wanted a market that had no volatility and low volume and is really just kind of stuck in the middle here. I think thats what hes trying to accomplish. Why the fed is trying to trade the market, i dont know. Ben bernanke has made it clear to all about the labor market. So does that mean you pay extra attention to whats happening with jobless claims out today . No, i dont think so, because i think that ben bernanke and the fed keep changing what theyre looking for and deciding on how they want to taper, and i dont think theyre going to be able to taper so quickly, because i think they backed themselves into a corner. I think theres a lot bigger issues to deal with here, and thats why we keep getting the stall, and why we cant get the answers that we want from the fed. Will earnings reports out today be the Market Movers that could change some of those levels youre watching in the market . Its possible. But i think good earnings are pretty much priced in. Youve got to remember, were up 12 in the russell and the nasdaq, 8 in the s p and 6 in the dow, since the most recent bottom, so a lot of this good news is already priced into the market. I would watch for that old printhigh of 1687 in the s p, and then id take a look and see what happens from there. Thank you, todd. Thank you. A second day of testimony from fed chairman ben bernanke gets underway in the senate today. Yesterday, the fed chief told members of a Congressional Committee that the feds Bond Buying Program that started last september has helped heal the economy. Bernanke also reiterated the Federal Reserve may scale back bond buying later this year, if theres improvement with the jobs picture. With unemployment still high and declining only gradually, and with inflation running below the committees longer run objective, a highly accommodative Monetary Policy will remain appropriate for the foreseeable future. Bernanke also said in his semi annual appearance on capitol hill that an average of 200,000 jobs are added to payrolls every month. The fed agency would like to see the Unemployment Rate decline to 7 . Its currenlty 7. 6 . Dell shareholders vote today on whether to take the company private. The vote is expected to be extremely close, as michael dell offers 13. 65 per share to take the company private. Yesterday, billionaire investor carl icahn reiterated his stance that michael dells offer undervalues the company. Meanwhile, bloomberg reports dells pr director has left the company to pursue another exciting opportunity. Our cover story today explores the first steps toward a lawsuit against boeing, the manufacturer of the the asiana 777 that crashed in San Francisco a weekandahalf ago. Reportedly, passengers describe emergency equipment that may have malfunctioned. Passengers aboard asiana flight 214 that crashed in San Francisco, killing three people and injuring 180 others, describe seats that tore loose, collapsing onto passengers, and two evacuation slides that depolyed inside the aircraft, pinning two fight attendants underneath. Most of them had fractures and spinal cord injuries. In chicago, kellys law firm filed a petition for discovery meant to preserve evidence on behalf of 83 passengers, who in part blame boeing for their injuries. In addition, kelly contends a mechanical malfunction of the autothrottle may have to contributed to the crash. If the instruments are failing to provide the pilot with accurate information, he has no options to save the plane from crashing. A week ago, looking into the a throttle but had nothing conclusive. Autothrottles are used to manage power. Meanwhile, a spokesman for boeing said not to my knowledge have the seats or evacuation slides been called into question before. The auto throttle is a reliablityof systems question, but this has been a very successful aircraft for the 18 years its been in service. Others consider the 777 among the safest commercial aircraft in the world. For the most part, the plane survived well, and i think the courts will factor that in. But it sure didnt take long for this lawsuit to get on the books. The National Transportation safety board has said it will be a few months before it determines whether to convene an investigative hearing on the crash. A06 following the 911, attacks congress created a law requiring airlines to install reinforced cockpit doors. Now, the widow of a united pilot who died in the attack is lobbying congress for the requirement of a second sercuror. Ellen saracini wants united to stop removing a secondary barrier the airline voluntarily added. United pilots believe the airline is taking out the second door to save money from having to install them on continental jets. Theres no comment from the airline. Jp morgan may be getting hit with a shocking fine. The wall street journal reports that jp morgan and Energy Market regulators are closing in on a record settlement. The bank is accused of manipulating Energy Markets in california and the midwest. The figure is reportedly close to a billion dollars. Meanwhile, the same regulators slapped barclays with a 435 million fine for Energy Market manipulation. Barclays says it plans to fight that fine vigorously. A top britsh executive from glaxosmithkline is reportedly being barred from leaving china while chinese officials investigate alleged bribery. The Chinese Government accuses 4 glaxosmithkline execs of bribing doctors, hospitals and officials to boost drug sales and get regulatory approvals. So far, there have been no arrests. The pharmacuetial giant is coorperating with investigators. President obama will brief the country on the economic benefits of healthcare reform in a speech today. Yesterday, new York Governor Andrew Cuomo told Residents Health insurance costs will be cut in half. He says regulators have approved rates for 2014 that are half of current rates. The New York Times reports that individuals buying their own insurance plans may now expect to pay around 300 a month. Thats down drastically from the current rate of a 1,000 a month. Earnings from wall street continue today with Morgan Stanley reporting in. Yesterday, bank of america released results showing profits soared 70 from a year ago to 2. 1 billion. The bank benefitted from reducing its headcount. Earnings fell 24 at mattel. However, revenues improved on Strong Demand for American Girl dolls, which offset declines for barbie and hot wheels. Americans are high fiving with their ira accounts. According to fidelity, the individual retirement accounts reached a 5year high as the stock market shot up in 2012. The average ira and roth ira acounts contained 81,000, up 53 from 2008, when balances dropped to a low point during the market meltdown. Some studies show its a tough time to retire as bond yields and stock dividends struggle. Joining us via skype this morning, chris kahn of bankrate. Com. Good morning, and how is this affecting baby boombers who want to retire now . It certainly is a time for extreme vigilance if you are just about to retire. We run a number of scenarios to look at exactly how successful a retirement portfolio would be. Looks like if you were retiring right now, there is a good chance that what you might have, that you might think you have enough money to retire, its not enough. Compared to a generation ago, it wasnt the case. Bond yields are much higher, inflation was different, the market was different, and you could last on much much longer on a portfolio back then than you can now. What should people do to prepare . Theres a lot of things that you can do to prepare. First of all, you might want to work longer i know its not everyones first choice, but just a few more years can make a big difference in how much money you have in that nest egg. Secondly, diversify. Dont invest in the same types of things that everyone else is investing in. Thats key. Seek out expert help. There are a lot of certified Financial Planners out there that can really walk you through, figure out what your retirement goals are, and help you make the best choices. Chris, thanks for the information. No lack of controversy in the headlines this week. The not guilty verdict in the trial of George Zimmerman in the shooting of 17yearold Trayvon Martin is having a Ripple Effect on the state of florida. Music legend Stevie Wonder and moveon. Org are both boycotting the state until its self defense laws are abolished. Talk show the view is getting pushback for adding new host jenny mccarthy. Mccarthy has linked childhood immunizations to her sons autism. And, Rolling Stone magazines decision to feature Boston Marathon suspect Dzhokhar Tsarnaev has cvs, walgreens and other retailers pulling the issue. Rolling stone stands by the cover. Kfc is testing out a new image. Next month, the fast food chain will open a new test restaurant called kfc eleven in louisville, kentucky. The brands signature orginal recipe chicken will be sold mostly boneless on flatbreads, salads and in rice bowls. Still to come, sequels star at the movies this weekend. Are followups worth your money . Plus, ready to spend the Top Countries where Corporate America wants to invest. But first, on the frontlines in greece the outrage over goverment cutbacks is just after the break. Anger is reaching a fever pitch in greece, where the parliament has just approved a plan to fire 25,000 publicsector workers. The country remains deep in debt and was forced to make serious budget cuts to get a 1. 8 billion bailout. Liz alderman of the New York Times is skyping with us this morning. Good morning. Protestors have been on the streets now for a week. What do you expect today . Most likely thats going to trigger even more reaction out on the street more protests, more voices of people feeling, you know, a lot of despair. Theres not a great future for these people who are going to see their jobs cut in a market where unemployment is nearing 30 . At the same time, the measures were considered very necessary by greeces creditors, because in the three years since greece received the first of what has now amounted to, over time, more than 300 billion euros worth of assistance, one of the things that creditors said was that greece very much needed to reduce the size of its bloated government, and so far they havent laid off a single person. How much money does greece need to fill that shortfall in its budget . The greek governments coffers are pretty empty. Theyre supposed to be getting approximately 8 billion euros in the coming months. Theyre going to need a pretty decent sized chunk of that fairly soon, basically in order to continue to pay state employees and to keep the state running. How are Banks Holding up . Were hearing stress tests are ahead. The banks have been in a pretty moribund situation for a while. One of the things that greeces bailout does is give those banks effectively more money as a capital cushion to try to strengthen them again after the economic devastation that the country has gone through. That being said, were hearing a lot of mixed reports about the true state of health of the banks, and the stress tests are probably not likely to show a very pretty picture. What are some of the ways youre seeing budget cuts change the mood of the country . Its interesting. A lot of people have asked the question, why hasnt there been more of an outcry on the streets . Why havent we seen almost sort of a revolution yet . When you talk to people, just average people on the streets, many people are very angry at what they see as, first of all, a continued neglect by greeces european partners, but also just a failure to see a light at the end of the tunnel despite efforts that the prime minister, antonis samaras, is making to try and really turn the situation around. Good to have the update. Thank you, liz. Thanks for having me. A new study shows the breakdown of how u. S. Companies plan to expand overseas. Consulting firm kpmg finds that 69 of american coporations list expanding into highgrowth and emerging markets as a top priority over the next year. When asked where companies would invest 5 million or more, brazil came in number one, followed by china, mexico and india. Its viewed as a sign American Companies are loosening their Purse Strings as the u. S. Economy improves. Still to come, what traders expect from intel, ibm and ebay in todays trading session. And, the 2nd times the charm as summer sequels sizzle at the box office. Movies and money is next. Hollywood is reeling in money from sequels at the box office. Our movie guy, erik childress, is here, and erik, if it worked once, they decided to try it again. Yeah, if people stop going, they will stop making them. But thats not been the case. Heres what happened despicable me 2 coming up at number one at the box office, followed by grown ups 2 [erik groans pacific rim, the heat, and the lone ranger. By the way, Chuck Coppola saw the heat, and he loved it. Its a good movie. Its a funny movie. What about this despicable me 2 and grown ups 2 making all the money this weekend . Its the summer of the sequels. Thats the way it has been, and despicable me 2 is going to be at halfabillion dollars by this weekend, so its a big hit of the year for universal. Grown ups 2, you know, adam sandler, pg13 summer movies, this is the eighth one that hes had. Theyve all opened between 34 47 million, and theyve all made over 100 million, so, stop going, people. Just stop it. Coming up this weekend its the conjuring, and you say theres already a green light for a sequel to this movie . Thats what were hearing, and the buzz on this one has been fantastic. The reviews are fantastic. Its actually my Favorite Movie of the summer. This is a great, oldfashioned ghost story with an excellent emotional connection. Its r rated, but dont let that scare the kids away. I think you should take them. I think its going to be numberone at the box office this weekend. I really do. Also at the box office, r. I. P. D. Im hearing its doa. Yeah. Not screened for critics. Its a 130million budgeted film. This is going to be the first black mark on universals record this year. Oh, and look, another sequel, red 2. Yeah. I dont understand why people liked the first one. I dont know why people wanted a second one. I dont know who wanted a second one. But, here it is, and its terrible. What about turbo . Is that an original film here . Turbo well, its an animated film. Animation has not been strong this year, at least qualitywise theyve been making a lot of money but ive heard a lot of people think this is actually one of the fresher, more charming animated films of the year. Obviously not a sequel, so take the kids, try something new for a change. And there are some independent films that are getting a lot of buzz, including fruitvale station. And the timing on this is incredible. It really is. This is a film that premiered at sundance, was picked up at sundance by the weinstein co. , and it did very well last weekend in new york and l. A. It did 384,000 on only seven screens. Its branched out here to chicago and a few more cities, and youre probably going to start to see this rolling out a little bit faster now, with the connection with sort of the racial violence of the zimmerman verdict. So, were going to start to see a lot of that, and i wouldnt be surprised if weinstein sort of exploits this a little bit, not only for the money and to bring awareness, but maybe even some Oscar Nominations at the end of the year. Right, because its about a young man who was shot. Its a true story. By a Security Officer at a bart train in San Francisco. Thats absolutely correct. And 20 feet from stardom. I just saw it. Its terrific. Go see it. Ive heard nothing but great things about this movie. A film about backup singers and whatnot. Its a documentary. Its playing in chicago right now. You definitely should go check that one out. Ive heard nothing but good things about it. And i think this film will be traveling around the nation. I do. I mean, you see mick jagger in it, bruce springsteen. Its really terrific, and those backup singers, you cannot give them enough glory. Theyre awesome. There you go. Movie reviews by angela miles. My new job. Thats right. Ill stick with my day job. Thanks a lot, erik. Come back soon. Thank you. Still to come, a traders view on how earnings after the close last night could move this market this morning. Chart talk is next matt cavanuagh of cmz trading is here to give us a headsup on trading this morning. Good morning, matt. Good morning. And we had earnings coming in after the close from intel, ibm, and ebay. Lets start with ebay. What do you see in the charts for this one . Ebay, this is a real interesting one. It was down about 6 after they came out with their earnings. Their cbo said that they were facing some headwinds over in europe and also parts of asia. So, really spooked the people. The stock was down 6 , sitting right at both its 50day and 200day moving average, so i dont see a lot of support for this company until were right around 50. But, its very interesting, resistance at 57, support here, so i think this might be a time to dip your toes in. Theyre doing some good things over at ebay. You would buy now and hold . You know, i think its a good possibility for a trade. Were kind of in a range with ebay. Tech has been really strong, but if you get a chance to buy a good company on sale, you do it. Unfortunately, i think it could go a little bit lower. All right, now lets take a look at ibm as well. Ibm actually lifted its forecast. Its doing some costcutting, and its getting into the cloud area more. What do you think about this stock and this company . Well, its a great company. They are really well diversified, and you see that people like when they do things like getting into businesses where they can compete, like the cloud. So, they are coming out with a pretty solid quarter. They are guiding forward pretty well, and people like the results. Shares traded around 202 after the close last night. Would you be a buyer at these levels . You know, i dont think that youll go wrong over the Long Term Holding a stock like thisi would wait a little bit. And finally, intel. A lot of people saw this coming earnings slid, but then again, Everybody Knows that pc sales are down because people are buying more tablets. What do you think about intel . Intels a stock that weve talked about before, and a really great earnings play, i think, because the expectations were so low and people werent thinking that there was going to be much here. But, this is another example they are a good company, been around a long time, and theyve got a lot of resources. So, if they say that theyre getting into a different side of the business, theyre restructuring to go after that mobile area, then people take note, and i think thats really why you saw the pop in the stock. People know that if they restructure and put their mind to it, theyre going to do something. Thank you, matt. Thank you. Thats it for now. Coming up on the friday show, its traders unplugged. Costco is the new numberone seller of hearing aids. Find out if a buy signal is coming through loud and clear. Plus, Midsummer Travel deals to get you out of town. We hope you will join us. From all of us at first business, have a great thursday now a paid presentation for meaningful beauty advanced by cindy crawford. With special appearances by debra messing. Valerie bertinelli. Christa miller. And stars from tvs royal pains and the mentalist. Hosted by network Tv CorrespondentKatrina Szish. Brought to you by guthyrenker. Hi, everyone, im beauty and style journalist Katrina Szish on location in beverly hills. In just a few minutes well meet one of the most beautiful women in the world, supermodel cindy crawford. At age 45,