Numbers in weak. The stock having one of its worst days in years. Down about 27 , 26 today. This comes as jcpenney fires 2,000 workers and gets set to close 33 stores. The changing face of retail all across the usa. Will malls even exist in 20 years . And the imf chief christine leggard, a major serious warning about deflation. Not inflation. She says it could hit the Global Economy very hard, and central bankers dont really have all that many tools to fight it. Sue, whos always upbeat at the nyse on a bit of a down day. We try to be upbeat. Today down in the dow jones industrial. Checking markets now for you, the dow is down 74 points. At 16,407. The s p down 4 points on the trading day. 184433, last tick there. Nasdaq composite in the green fractionally trying to hold on to a gain. Tenyear note, yield now traded at 2. 84 . Comex gold up 2. 40 and brent crude last trade down a fraction. 107. 10. A big week for the banks. On tuesday, jpmorgan beating the street with q 4 eps 1. 40 versu
Of best buy plummeting in the premarket down 30 after reporting u. S. Comps for the Holiday Season fell 0. 9 percent. Jcpenney cutting Underperforming Stores and cut 2,000 jobs to save 65 million a year. Citi results were short of estimates and goldman beats on earnings and revenue. And United Health Beat Estimates by one cent a share, increase in enrollments helping there and cms missed by one cent a share. Best buy tumbling after reporting u. S. Comps for the Holiday Season down 0. 9. Citing intense discounting by rivals and supply constraints for key products and significant declines in traffic and what it calls a disappointing mobile phone market. Best buy saying it sees Fourth Quarter operating margin coming in below yearago levels. We know what a high flier it was last year guys, but to lose a 30year value before the market and many millions of shares trading before the bell. This was a case we were joking about it, remember when one after another after another analyst was upgrad
Questions as to whether or not the military is achieving the stated objective. Theres no doubt a great deal of anxiety mongs the people here. Also in israel living under the direct threat of rocket fire. And there is the concern of how egypt will react. What is the word there on how they are reacting . Well, we already heard from egypts president and the foreign minister. They have condemned the emergency meeting in the arab league to explore popular options. Egypt says it will open the border with gaza to completely allow all wounded and injured and anybody else who wants to get out. We are getting initial reports that the Prime Minister may be leading a high delegation visit tomorrow. That would be unprecedented given the security situation here. A ayman, thank you so much. Appreciate it. From the middle east to back home. Lets take a look at what is happening this hour. The president will land in new york city within the next 30 minutes, where he will tour the damage done by superst
Before we talk debt ceiling, lets talk about the here and now. The senate will vote shortly after the top of this hour. We know how this is expected to play out. Tamron, well, the Senate Chaplain has been praying the daily prayer and whats needed now the country is so fed up with this kind of brinksmanship, the steps that will unfold in the next few minutes do vofl the senate where they will take up what the house passed over the weekend and effectively put it in the trash bin. Its called a motion to table, taking the bill and setting it aside. Thats the Senate Democrats way of saying we will not negotiate on anything that has to do with the Health Care Law. They only want a measure that will keep the governments lights on and doors open and people employed. What we will see is that vote. It should be a significant Party Line Vote and then well hear from Senate Leaders who will come to the cameras in 15 or 20 minutes or so and tell us the state of play. But in those other clips that yo
Irans new president. Could this be a turning point in the mideast. Plus, virginia voters have one less governor. Our guests hope that frustration with both parties can help him historically have hope in this state. We will talk to libertarians. Good morning from washington, its minute, september 30th. This is the daily rundown. Lets get to the first reads of the morning. Here we go. Washington is marching relentlessly towards the first shut down in 17 years. While a shut down seems likely, they will definitely close their doors at midnight. They will watch from crisis to crisis. The question is simple. What is john boehner willing to do at the 11th hour. Then in 15 hours more than 800,000 federal workers will be furloughed. National parks will be closed. Veterans can see a lot of benefits impacted. A shut down will hurt what a weak economic recovery. After republicans vieted on a twomonth spending bill that ties government funding to ia one had of year delay of the president S Health C