Rose 3. 8 to 2. 97 million from 2. 79 million a year earlier according to the labor department. David Charles Evans as we mentioned would not rule out the central bank pulling back in the Bond Buying Program in sent. That is lot earlier than he said before. The markets have begun to digest a world whereas set purchases are finite. Liz the department of justice suing bank of america for allegedly defrauding investors in connection with the sale of more than 850 million worth of residential mortgagebacked securities. The doj says the bank failed to conduct Due Diligence on any of the mortgage loans. David also sony has reject ad proposal from activist shareholder daniel lobe to spin off part of its entertainment business after actor director George Clooney brassed lobes plans. Sony said holding full ownership of movie and Music Division was fundamental to the future. Liz the shine coming off gold a bit today, falling below 1300 a troy ounce as you see, 122. That decline is the sixth sess
Countdown to the counterdown. Large and in charge, the bulls have taken the dow to a series of record highs, four in just the last week. Does that mean dow 15,000 is just around the corner . Famed wharton finance professor jeremy segal lays out his dow targets for 2013 and beyond. Is oil about to become an oily mess . Why one chart watcher says oil is about to be dead money, plus his contrarian call on gold. And jcpenney stripped in billions of market caps as the stock plunges in to fouryear lows. A ratings rumble on jcpenney. Countdown to the closing bell starts right now. Liz good afternoon, everybody, im liz claman on monday, its the last hour of trading. Money just keeps pouring into the blue chips but, okay, ill be the one to ask, are we getting set up for a stock bubble to pop, or does this thing just keep charging through record after record . Today the dow is on track to hit its fifth record in a row. Right now weve got it up about 37 points, high this session about 45 points.
Now liz good afternoon, everybody, iemg liz caman, stocks up across the board, trading near the best levels of the day. Take a look. The Dow Jones Industrials up 47 points, that s p level now at 1529, up nine points,. Nasdaq better by 16. The dow is now just about 1 away from its alltime closing high of 14164. 53 back to october 9th of 2007. Just before the launch week of fox business. Its been awhile. Well see whether the bulls can turn it up a notch and make it interesting going into the close. In the meantime, though, while the blue chips get the attention, since the dow 30 has named people recognized, we want to point out the strength in small caps. Look at the russell 2,000, a record high of 929 , up six full points. Same thing for economically sensitive groups like the dow jones transports touching alltime highs, up 60 points at 6007. Trains, planes, automobiles, airlines, ups, you name it, its in there with a big engine. Drilling down on individual names that two might be one. O
Countdown to the couldnt down, the worlds most popular head to toe clothing brands, northface, lee, and wrangler, stock near five year highs, get the story on why the company is in fashion and where its going next. Plus, x marks the spot for zoom. Shares soaring in first day of zoom revolutionizing the way u transfer money. Point, click, and zoom. Cash flies. Whats that mean for Western Union and money gram . Zoom ceo is plotting to take the lead. With, perhaps, many of your stocks at fiveyear highs, its tougher to find bargains today. Talking fundamentals with the top manager who is opening his secret 2013 investing playbook. Will his ideas be a touchdown for your portfolio . Couldnt countdown to the closing bell starts right now. Liz good afternoon, everyone. Im liz claman, last hour of trading, and, yes, stocks are down, but off the worst levels of the session. Down 47 point, could finish lower for the second week in a row. People are not looking into that, but the s p 5 00, down ne
the june sentiment number came in and we also saw producer prices for more than expected but as i noted it is a one week chart with all three major averages down roughly 1% this week so right now it is to the upside with the vix index. cheryl: in triple digits. concern of u.s. economic recovery imf s directors sitting down with fox business acre liz clean in an exclusive and take a listen to what has her worried about economic recovery. we believe because of the housing market and improvements in particular there will be a more durable recovery yet it could be better. clearly the unemployment are lower than what they should be and we see the fiscal policy of the deficit-cutting to be too harsh. stay tuned because come down to the closing bell liz has more of her exclusive exclusive interview with christine lagarde. cheryl: lots of volatility in the market as investors fear the day the fed will start to ease back and you just heard from the imf managing director christin