that is a huge, huge move but we should note a couple of things. moving on weak manufacturing numbers. one thing we should note is the nikkei is the best performance that we follow. back to you. lori: thank you very much. melissa: gold bugs are cheering. phil flynn in the pits of the cme. what is happening with gold today? phil: the stock market doesn t look like a sure thing anymore. they are now going back in. ben bernanke and the fed tapering down could mean tapering up and back and forth. it is making gold look more attractive. he came out like a bear. all the volatile yesterday about how quickly we will see tapering off. fed officials bringing the market back despite the news out of china. talking we could taper upper taper down depending on the data, the other thing is oil down big this morning. it is coming back but there are lots of reasons to start being bearish on oil. memorial day weekend is here, mostly gasoline wholesalers have taken a little bit of a pressure of
all-important nonforeign payrolls comes out tomorrow. that s here on fox business, tends to move the market if it is the surprise to the up ore downside. a stimulus surprise. the bank of japan this morning launching a massive easing program that sent the japanese nikke shooting higher, the stocks spiked and the yen plunged. bad news for those making a positive bet on the yen, but don t say we didn t warn you. this week, you were told to stay away from the ugly duckling yen. other guests said the same thing recently, short it, and that s the great bet so far at least. north korea making moves and threats as the country moves the missiles to its east coast. live to south korea for the latest. so far, not affecting the markets, but, listen, one scary headline could move the numbers. let s bring it back to the united states. investors liking facebook after announcing a family of apps called home. i thought we were mobile now, and now the word home ? what s the reaction to this
in the meantime. will they dropped the glove? the first and only vice-presidential debate. we have some stock plays you might want to consider before the candidates took the stage. lori: j.c. penney trying to reinvent its doors. melissa: it is that risky bet but they re taking part. we will last gig will s ceo when she joins coming up in this hour. lori: i hadn t even heard of big. learned about business strategy. and an update on the markets. and 30,000 less than expected. we never see an improvement like that. that is the lowest level in four years but there is one big times. one major state did not repeat its numbers. on the stock exchange we have reaction from nicole petallides. nicole: we take these weekly jobless claims in stride. this one down 30,000 and the one state that did not report, the market seems to be looking at earnings, we had monthly jobs report last week and traders are still talking about. they don t talk about the weekly but just focusing on the month
right now. you can see it jumping. the bank in japan is in talks to buy a majority stake. the deal is worth more than $12.8 billion. you are seeing sprint jumping on the other hand. we are also thinking about metro pcs. there were some hopes that sprint would step in and make a counter bid. now, that has been put on hold and metro pcs is selling off. dagen: thank you. connell: the number of americans last week.employment aid down 339,000. lowest level in nearly four years. one large state did not report some of its numbers. dagen: peter barnes has the latest. peter: like the jobs report last friday, we have another positive jobs numbers just before election day. it also may be fluky. weekly claims for unemployment fell unexpectedly to 339,000, but economists were expecting. at putting one large state for failing to report its numbers. they say it has to be california. a spokesperson will not confirm or deny that. they will only say that the large state left out a pile of un
country. gold likes to rest at 1776. mark my word, folks. gold is down again. it s been, it s been trading down around that level since its highs about a week ago. liz: mark his word, indeed. i always do. technology as we said, the worst performing sector today. let s take a look at some of the etfs that are part technology or at least a lot of them, and these are baskets of technology groups. here s the market vectors semiconductor etfs, they got hit by about one and a third percent including, of course, intel. david: all right. surprise, surprise, natural gas once again. it was a huge bump up it wasn t a huge bump up, but it was enough that we take note. natural gas standing out in the energy pits, eking out a small gain. let s take a look at the ung. there it is. again, it s about a half a percentage point gain on a down day in the market, but considering its runup over the past month or so, this thing, we wonder where it s going to end. liz: well, merrill lynch liked it