Another triple digit rally. Nasdaq bouncing back a little bit after a couple of sessions. Now you see it is flat. Look at this chart. Nasdaq flat for the year. Biotech has been a drag, yesterday they were a drag, lot of talk about a bobble and a bubble bursting. Sandra smith, biotech, you think the party might be over . Sandra they havent entered into a bear market territory which would be a drop of 420 or more but correction territory, raising some eyebrows. Charles in a short period of time. Sandra their recent high was late february so it is 12 even with some bounce back, stocks 12 from recent highs. Is there a concern . Yes. Nicole petallides will talk about that, and keep that in mind. Charles i think the audience needs to understand that there are the iliad of the economy and then there are the one trick ponies with Amazing Things on the drawing boards. That is when you start to worry. They are still positive for the year. There are some companies that have been able to buck this
If the index manageses to close in positive territory it, would be the third record close in a row and 13th of the year. Fox businesss charlie gasparino, wall street journal James Freeman and former verizon president denny strigle. Were thinking with all the money printing there will eventually be a reckoning, right now the market is rising with Economic News not all that great. Melissa absolutely. Another big blow for detroit. A City Task Force demanding 40,000 buildings being demolished and cleaned up immediately due to dire conditions. Comes with a hefty price tag, 850 million bucks. The real cost could be billions or higher. Charlie what do you think about this one . Youve been reporting on this for a while . Listen, detroit is in desperate shape. I do know wall street firms advised them to basically downsize the city and sell off chunks of it. Abandoned land or citys condemned land. There is lot of abandoned buildings. Melissa 40,000 buildings to be demolished. And miles upon mile
Hitting average, most home runs and most runs batted in in the American League the first latino and venezuelan in history to have the honor. They will represent their country disproportionately in this world series. I was beaming with pride for the giants but also for venezuela. Reporter Adriana Lopez runs a restaurant in the mission. She says its about time the world realizes the National Obsession for her country. This is huge pride. We have had Baseball Players in the major leagues for a long time, 273 actually in the history of the league so its a big deal. This is just a consequence of years of players being here and making it to the major leagues. Its very exciting. Were we must be all very proud all venezuelans to have so much players playing in the world series. Reporter omar infante of the Detroit Tigers says for his countrymen it doesnt matter who wins the series. They dont care. Its good because, you know, being in the world series thats not happened a lot of years. Reporter
Reporter at graphics sport wear they have been working on shirts since the game ended. When they were down 31 we had no idea we would be printing but as they kept winning games, we got ready to print. Everybody loves the tigers. Reporter they wont be buying one. They are from detroit. Detroit has had tough times so the tigers have been a really nice rallying point for the city. By the way, so we already know the weather for this coming weekend in detroit. Possible snow flurries. So when they play ball saturday night in detroit, its going to be in the 40s. Reporter the city of South San Francisco its now a sf city, South San Francisco, everybody is a giants fan these days. Detroit has gone through hard times as that gentleman was saying bu you know something . I think the country is on our side you know what im not missing from 2010 . Reporter panda hat. No. Rally song. Reporter underwear. Rally thong. Not missing that. Reporter ill take mine off. [ laughter ] good to know its still aro
This is the cbs morning news for 2012. Good morning. Good to be with you. Im terrell brown. With under two weeks to go now the race for the white house looks like it will be a photo finish. Today president obama begins a two day Six Day Campaign swing to critical battleground states. It includes his 7th visit of the campaign to ohio. Mitt romney arrives there later today. Ohio looking more and more like it might be the lynch pin of this election. Susan mcginnis in washington. Good morning. Reporter good morning. There is no denying the importance of ohio with its large number of electoral votes and right now evenly split. It looks like, you know, whichever side toes a better job of getting out the vote can go a long way towards a win. Enthusiasm for the election is building and the crowd at Campaign Rallies are getting bigger. More than 12,000 people turned out at the red rock amphitheater in the battleground state of colorado tuesday to hear mitt romney and paul ryan. Were on the home