Further the economy if everyone is buying a used car and having a blockbuster quarters that good . I think people of feeling confident enough to buy used but not new. Theres a bad side to the economy, or maybe americans are held getting smarter and dont realize dont think they need the latest model. Melissa how you interpreted . I have a different opinion. I actually think what is interesting to note here is car sales are pretty big component of inflation so when we have the next c t i reading Going Forward this will be interesting, dovetailing back to what we saw a couple days ago. This could be a sign the economy is a little healthier, were seeing more inflation. You dont buy that. Melissa it is so nice. Going forward you have to look at j. D. Power came out with their comments a new cars are actually not so great anymore. It used to be the nuts and bolts, they are not doing as great. They are not. With our maps they have a great model. The idea youre going in and dont have to haggle
Charlie gasparino gas. He broke it yesterday on the show along with wall street journal simon constable. What is the latest, charlie. Your phone rang yesterday. You broke the story on set. Is it about to break again. Power to prosper. Melissa it is locked. I like that. What is interesting we should show a stock chart of the firms, if you notice Credit Suisse, ubs, deutsche bank, should be up there, barclays they have all the biggest, i think Credit Suisse is the biggest dark pool. All the dark pools which are private exchanges run by, by companies, by you name it, anybody can start an exchange these days. They will all come under pressure by Eric Schneiderman. Well have Eric Schneiderman on later today. Melissa right. One of the questions i will ask him you have a specific case against barclays. You say barclays is giving preferential treatment to certain investors High Frequency trading firms. Melissa while they were claiming to try to prevent this from happening. That is crazy. How m
When you talk about the decrease of trading in the markets in the last 19 years, you have to take credit for that. We as an exchange have to make sure that we give equal access to all investors in our marketplace. Thats our primary responsibility. Charlie and conclude with Howard Schultz, chairman and c. E. O. Of starbucks. Well, this was an adventure. All of it could only happen in america. People have said that many, many times. I am the quintessential entrepreneurial story growing up on the other side of the tracks and here i am. Its almost hard to believe. I think what it says was i was willing to take some risks, i was willing to put myself out there and i also learned early on success would be best if shared. Charlie mendez, greifeld and schultz when we continue. Theres a saying around here you stand behind what you say. Around here, we dont make excuses, we make commitments. And when you cant live up to them, you own up and make it right. Some people think the kind of accountabi
I am not sure that bernanke will discuss the topic. Looking at both fedex and General Mills. Fedex has been a great performer. They have done maintenance on the planes. That has also cut down on the prices. We are seeing General Mills under pressure while fedex is hitting new highs. Lori thank you, nicole. Adam we are just an hour away from the latest decision from the central bank. Lori will they, or wont they when it comes to tapering . Peter most of the Analysts Expect them to do a soft launch of its tapering. Probably dial it back right ten 20 billion a month or so. Make sure that markets and investors know that it will be future tapering and it will be data dependent. This may not be a slamdunk for the fed. Take a listen. With such a slew of moderately bad news, much weaker than they expected, you know, it does raise the question why start tapering now. I think the market has not really priced that in yet. Peter one of the other options could be not to start tapering now. I also w
Liz the top three stories you need to know. The great digout continues in the northeast. Thousands of people are still without power. First energy ceo is talking to us exclusively about the impact of the past weekends massive storm. Red hat is more than just an operating system. You will hear all about it from red hats ceo first on fox business. And competition for your wallet is heating up. A new app for the iphone. We have money grams ceo coming up in a fox business exclusive. Im cheryl casone. It is the last hour of trading. The countdown to the closing bell begins right now. Liz claman is on assignment in cleveland where Goldman Sachs held its first Graduation Ceremony for entrepreneurs. Fascinating stuff. You will hear about it in a few minutes. But first, to these markets, stocks are down, but trading at their best levels overall since november of 2007. The dow down almost 35 points as you can see on your screen. S p losing ground as well, down a fraction. And the nasdaq down mor