This after it hit a new 13year low of 9. 52. Back to you. Adam thank you very much, nicole. And now the latest on Jpmorgan Chase. Ceo jamie dimon met with u. S. Attorney general eric holder on a reported 11 billion settlement over mortgagebacked securities. Were all over this story. Rich edson is reporting from washington, d. C. , Elizabeth Macdonald is working phones here in new york, but first lets get up to speed with rich. Reporter good afternoon. He walked through the front entrance, slipped out the side door in a black suv. Jamie dimon spent about two hours at the Justice Department. Attorney general eric holder says he met with dimon, this following reports jpmorgan and justice are discussing an 11 billion deal in connection with abuses in mortgagebacked securities. At an unrelated press conference, holder refused to comment on the specifics of his discussions with dimon, though acknowledged the departments focus on financial crimes. This is something that is a priority for this
Story so lets start with boeing. The stock has ben a winner in end is played with all of the negative headlines with a reminder. What happens what is so evident here with the chart this actually hit a new high today. It was well on its way back to the levels we have not seen since 2007 only now to see a drop dramatically you can see it now but how does it affect the overall market . It is calculated worth 52 negative it disappoints. So if not then the dow would be higher and being a part of the major averages we will continue to follow the story s you can see betty is selling. Lori a recent string ofevents h involved in the triple seven this is the dreamliner 787 but all questions it was the lithium ion battery that caused the fire and had to ground the entire fleet for couple of months. We will bring in noted Airline Analyst and president and ceo of his own firm. Thank you for joining us on short notice. We do not know for certain it was a battery issue. We dont know yet. The pitchers
I just dont care about this particular child. We are not forcing you to care. Top of the hour, stock every 15 minutes. Nicole petallides has the update. Reporter that is right, we are seeing the Dow Jones Industrial right now back into positive territory after some weakening home sales. Another thing we should note here is that the dollar has been weakening after moderately particularly high goals. That is something that we are focusing on as well. You are seeing gold jumping significantly, up about 34 points, it is also a very big deal. Lots watching the markets right now, they include microsoft and american express. Dont forget about detroit today he will work carefully but quickly. Im trying to get this done between 2014 and that is a little bit more than a year. It is a little bit more than here, but we now have a judge and the judge will have his own ideas about how the show. Dagen we have to two guests with us. Stephen, to you as well. The pension, the union, and the Municipal Bo
Household appliances is new. We are watching out tonight on the willis report. What a week. I dont know about you, but i am emotionally drained. The massive shakeup that microsoft. Ceo Steve Ballmer stepping down after a lackluster career of product flops and missed opportunities. Within minutes of the disgraced ceo announcement microsoft stock soared, which is really kind of rude and hurtful. Joining me now for analysis, paul carroll, a partner at the devils advocate group, martin greenberg, founder and ceo of under 11 and the Senior Editor at of things drizzle. Well, where to begin. Lets start with you. I am not sure how we interpret this. A total disaster for a guy you manage to retain a 90 percent monopoly in microsofts original business despite huge changes. I fall on the side of saying that microsoft fail to innovate when the time came. When the ballmer era began it was basically what began as the most valuable company in the world, as you said in a set up. Basically fallen to an
Italy and in spain. Our road map begins with a search for a major retailer, any major retailer who didnt miss on november comps. Gap, macys, target, all disappointing. Is it all due to sandy and what does it mean for the holidays. Tiffany is not a statement on lucksy, but Rather Company specific. Quite near meets with the president today. And we have another upgrade for research in motion. This time at goldmansachs saying the blackberry 10 will not only beat expectations but also put the company in the black by fiscal 14. Target, macys and kohls reporting unexpected declines. Number of retailers blaming sandy for the lackluster results, david and jim. They say the second half of the month wasnt so bad, but still a lot of White Knuckles as somebody said about the holidays. I think that one of the Untold Stories may still be exactly how bad sandy was. Sandy is going to turn out to be a 100 billion storm. But i think its a shutdown. It was the shutdown of a major part of the infrastructur