The selling is fairly steep. A selloff that is not only steep but broad. , everythingthe imap is in the red. Energy is declining the most, not surprising with whats happening in oil prices. Financials, discretionary also participating. I want to point out one stock, chesapeake energy. Reports that the company will be one tranche of its debt. There has been a lot of concern over the oil and gas producer. The stock has been halted several times this morning. I believe it is currently halted once again. This is what happens when you see big movement in a stock. It looks like that is happening with chesapeake as it declines. Lets get to oil prices as well. 30. 08 a barrel, as there is still the same concern as in the markets as far as the demand equation. Interest inat open crude futures, on the long and looking atso we are short contracts in yellow come along contracts in white. Added together, you have the largest amount of open interest on these futures going back to 2006, when they sta
We are your in london. Mcdonalds secret world cup menu. Find out what you can order under the counter if you are in brazil. The super sidecar, we check out the vehicle trying to break the land speed record. But get into industrial policy. Ge is said to be refining its alstom bill to assure bid to assure france this is the deadline. Casens chief is making his to french lawmakers after presenting a joint bid with mitsubishi yesterday. Carolyn is all over the story. She is in paris. The offer could come as soon as friday. In the meantime, we heard from siemens ceo in front of french lawmakers. Three weeks after the ge ceo eser to testify, joe ka knew we had to convince lawmakers that his offer was the best. His offer with mitsubishi would safeguard jobs and investments. I talked to him before his appearance before french lawmakers. The feeling is the president is a good listener. He had been listening to ge and siemens and he knows the facts and im sure people she i am that we areeciates
The secretary stressed any action would be carefully tailored and would not involve u. S. Boots on the ground. David before the president or secretary of state talked we had consumer sentiment. That slipped to 82. 1 in august after hitting a 6month high last month. Despite the declines americans were more upbeat about their outlook for the future. Cheryl vodafone confirmed it is in talks with verizon. You knew this if youve been watching fox business, is in talks to sell its stake in verizon wireless. No news but it could potentially be a 130 billiondollar deal. David this is not good news. Spending rising just. 1 of missing analyst estimates. It matched weak growth in personal income which also rose. 1 percent. Cheryl look at gold falling for a Third Straight day, the commodity declining, 16. 80 an ounce 1680 an ounce. Gold gained more than 6 . That big safety play were following for you. David remember were telling you for every seller there is a buyer. Hedge Fund Operator Perry Capi
Its wednesday, january 16th. In todays first look apple crunch for a second session, apple weighed down the nasdaq in a dramatic fall. This week the tech stock has erased more than 17 billion from the u. S. Stock market. Well, here it is facebook has a new way to search its site. That was the big announcement. A new report says a deal to take dell private could be revealed in a couple of weeks. The price could range between 13. 50 and 14 per share. Customer Service Agents at American Airlines rejected a unions offer to represent them. The bid fell short by just 150 votes out of nearly 6,000 workers. Andrew keene, president of keeneonthemarket. Com, joins us now for a closer look at the trading day. Good to have you on the show. And andrew, we have to talk about apple. The bigger they are. The harder they fall. And that is whats happening. How far down will this stock go . You know this stock backwards and forwards. I have a level here at 443. 68, which is a gap level from a decade ago
AngloAmerican plans to divest several non-core assets, including coking coal, platinum, nickel, and diamonds, to focus on its core copper, iron ore, and fertilizer businesses.