Incredible run, not only for that one, but facebook has doubled in 2013 this year. That really is one of the stories of the year. Remember, when twitter went public, there were lots of people saying the retail interest, thats how we should have known, the retail interest wasnt that strong. There was a lot of institutional interest, and people thought after price, hitting near 50 on the first day of trade, drifting back to the 30s. Instead, it has marched steadily higher. You can feel people buying in, ramping up into the year end. Going back to november early november. And just an incredible run. There it was at 38 when it was at its low, and now were at 68. Unbelievable. Well get to more of that. Meanwhile, the dow is heading for its fifth Straight Record close after a much betterthanexpected surge in durable goods orders. A lot of the Economic Data have been pretty good. So i think it was a prescient decision by the fed last week. And some fed officials are saying how surprised they
A few moments. The view that some writers have that some hedge funds are maybe too big to fail will be part of the conversation. We will give you the criteria, and also both sides of the argument on whether Systemic Risk exist or not. Plus, the ceo from cybersecurity powerhouse fire i will be with me. Made a 1y recently billion purchase and we will tell you about the latest technology to thwart hackers. First up, president obama naming five u. S. Promised zones targeted for special federal aid. The motivation is despite income inequality. Julianna goldman joins me now. What is at the center of the president s plan . This is all part of the focus on income inequality that the focus the white house has the tapping leading up to state of these union on state of the union on february 28. The areas are san antonio, philadelphia, los angeles, southeast kentucky, and the choctaw nation of oklahoma. Theseesident announced socalled promised zones in his state of the union last year. Today, he i
Taper . No. Probably not. Ill leave that to kelly evans. 2. 7. Weve been hanging around that range for some time. Lets go overseas and take a look. It was really asia that had the strongest markets in the world with the nikkei in particular. Can you see it up 2 . 7. 7 last week for the nikkei of course, theyre pressuring that yen again, the dollar gets stronger and you see what happens as theyre trying to get thing back on track in a sense after a gdp number that was a little lower than some had hoped for. Lets get to our road map this morning. Where does it start . The dow and s p, starting from another set of new highs and looking to extend the overnight cali throughout. Moodys cutting its ratings on bank saying the government is less likely to jump to rescue in the future. And paulson and loeb piling into fedex. Lets start with the markets, futures are on the rise. The dow and s p all look to set new record highs. The s p, by the way, fewer than 10 points from 1,800. We can do some
Stocks set to open higher this morning after another wild day of trading. The nasdaq was down almost 2 at one point before turning green near the end of the day. What can you do to protect yourself in a volatile market like this . We have answers. Shares of bank of america down in the premarket after reporting a First Quarter hit by well a massive onetime loss, 6 billion, related to mortgage settlements. It wasnt all bad news for the bank in the latest quarter and well tell you why. Yahoo soaring after beating estimates in the latest quarter and a lot of that is due to the chinese ecommerce giant alibaba. Outside is the core business still strong. Well talk about that. First up markets set to open higher on a busy day for earnings and data after the roller coaster of a session on tuesday. Nasdaq making its largest rebound in five years. China gdp came in a little better than expected. Helping futures too. Although it was the slowest gdp in about 18 months. But that bounce yesterday, ji
Tonight the crisis deepens in thailand. The Prime Minister suddenly dissolves parliament and is calling for new elections. Picture of thousands rallying in the capitol where it is 11 00 in the morning. Opposition party resigns from conflict. And the conflict is not over yet. Wayne hay has the latest. There is no indication that the Prime Minister will dissolve parliament, that they will change their goals. Those goals have in fact changed a bit over the past few weeks. At first they said they would accept house dissolution. That quickly changed into their goal being the removal of the regime, referring to the former Prime Minister who was ousted in 2006 and lives in self proclaimed compile. His sister is now Prime Minister. They say the government is corrupt, this current government is corrupt and only trying to serve the interests of the the former l Prime Minister. House dissolution was not going to be enough. So at the moment they are continuing their push towards the office of the