Three hours left in the trading session. The dow is down fractionally, 57 points down. 3m, verizon and chevron are your laggards. A couple of dow stocks are up, however, there is one massive move out there. Not in stocks. It is in gold. Gold is trading at a threemonth low, it is down 35 an ounce. As you might imagine, gold miners also getting wha inting they are deep in the red at this hour. Google unveiling a new phone at a product event under way in San Francisco. Google says the new phone costs 649 and has unlimited storage. Delta posted a smaller than expected drop in passenger unit revenues for the month of september. And sears popping within just the past two hours on reports that bids for the companys draftsman unit due by the end of this month. If you are a retailer or a shopper, this may be the most important number in the show. 81 shopping days left until christmas. A new report by the National Retail federation telling us that santa claus is coming to town this year. Courtne
Uncontinued unrust in the middle east and saudi arabia raised the official selling price. Oil closed 2. 5 at 60 a barrel and over 20 at the last month. Jackie deangeles has more at the prices and where they are heading next. Cruise proiss crude prices are deg gravity. Todays priek fueled by geopolitics. Concerns in the middle east as a libyan port was closed by protesters. Technically the crude oil market was showing strength but we needed to get above 60. When you look at the supply situation improving and the pryuia production flat lining in the u. S. That was the factor that needed to take it above 60. Crude had bee flirting with above the 60 level, before it got there it shut down and will that continue. I think that we are over 60 well stay there it will stay there. We get demand for that in the summer and that is demand in the summer for crude oil. I could see 65 to 67 by memorial day. With the start of summer driving season there is a lag of spike in crude and the price at the p
Company, about succession and more. Apparently that race is down now to two guys. Yeah. Well take a look at who they are and why they are potentially his successors. Lots of good questions there. Meantime, stocks are rallying on the first trading day of the month, and even though they are coming off the best month since october 2011. The big market story here is the nasdaq hitting 5,000. Remember, it was 15 years ago this month on march 10th 2000 to be exact when the nasdaq hit its peak. March 2009 when it hit its low. We Team Coverage for you. Melissa lee on why it is different this time around. Bertha coombs on what the fax 100 is telling us. Are first, dominik chew standing right next to me looking at the stocks that got us here. Dom, what are the names . I mean over the past year there have been stellar runups. Obviously, when were at 15year highs for the nasdaq a lot of companies have to contribute but its a market cap weighted index, and these are the stocks that have big market
Now well get to business at hand this morning. If youre just waking up lets get you up to speed on the markets and whats going on in the futures. Looks like a little bit of a mixed morning. The dow might open slightly higher. Nasdaq would open marginally off and the s p well call it across the board. Well see how things play out this morning. Joe. It used to be mostly new york social sociallights wasnt it . Five years ago it became very strange that it became sort of a moment. Its almost like the white house correspondence dinner. Its for not nerds. For real celebrities. For actual celebrities. Very few cross overs for the two i would think. Probably a hand full. Maybe a hand full. Other big stories were watching today a packed earnings count are among the names set to post results today before the bell. Disney archer daniels, discovery, kellogg and bloomg brands and disney moving its release up to 8 00 eastern. So executives can attend a Memorial Service for survey monkey ceo who died
Uncontinued unrust in the middle east and saudi arabia raised the official selling price. Oil closed 2. 5 at 60 a barrel and over 20 at the last month. Jackie deangeles has more at the prices and where they are heading next. Cruise proiss crude prices are deg gravity. Todays priek fueled by geopolitics. Concerns in the middle east as a libyan port was closed by protesters. Technically the crude oil market was showing strength but we needed to get above 60. When you look at the supply situation improving and the pryuia production flat lining in the u. S. That was the factor that needed to take it above 60. Crude had bee flirting with above the 60 level, before it got there it shut down and will that continue. I think that we are over 60 well stay there it will stay there. We get demand for that in the summer and that is demand in the summer for crude oil. I could see 65 to 67 by memorial day. With the start of summer driving season there is a lag of spike in crude and the price at the p