That seems to have worked because the dow which had been limit down has now bounced back and at the opening bell, we may be up 400 points. The dow will be up significantly at the opening bell. Same story with the s p and also with the nasdaq. Now, treasury secretary mnuchin, he says the Federal Reserve will have 4 trillion for loans to businesses. He says theres more where that came from and if congress doesnt get something going real fast, then they will go back to congress for more and he says the fed will provide any amount that is needed. Thats what the fed is doing right now. Thats the market. Thats the fed. Thats whats going on in congress. Now look at the price of oil. That has been a problem for American Energy producers and right now, weve got oil all the way down in the low 20s. Thats a continuing problem for texas, north dakota and for the Energy Producers and these energy stocks. How about the price of gas . That is absolutely tumbling. The National Average all the way down
Our road map begins with a 13 million merger. Well bring you the latest, rubbermade buying jarden. And loeb versus dow, what does the cope have to say . We have the story. And an apple bombshell the first ever decline in iphone sales. Futures volatile here, oil prices as we said fell below 35 for the First Time Since february of 2009. In the mean thyme, cheniere replacing their ceo. And in another management shake up, david barce is out at third avenue management after the collapse of their junk bond firm. A story that is likely to repeat. I wont over their portfolio last night. There is two issues. One is it is a mutual fund, youre supposed to get your money back. That is what jarred people. Second, i think i may have found the worlds worst investor. I looked at 55 issues they had. There was four that i would think are of some value. How does that happen . Youre an idiot. You know energy names and its not just energy. Other than health care, they really just decided if you set out to
Companies and i think 2013 will be a big year in which companies that have yet to go public in that space will do so. Reporter there are also several Big Technology companies that investors hope will go public. One is twitter. Although many i. P. O. Experts dont think that will happen this year. Another possibility is squarea mobile Payments Company founded by the man who created twitter. And, finally dropbox, a web based file hosting service. But, its understandable that Many Companies are approaching the i. P. O. Market cautiously. Theyre wary of becoming the next facebook with a stock price thats still well below mays offering price. Erika miller, n. B. R. , new york. Susie it took a long time for norwegian cruise lines to make the big decision to go public. Since the 1990s, it attempted several times to do an i. P. O. , but pulled back. When i talked with c. E. O. Kevin sheehan today, i asked him why he felt that the time was finally right. Its always a lot of pluses and minuses of
Companies and i think 2013 will be a big year in which companies that have yet to go public in that space will do so. Reporter there are also several Big Technology companies that investors hope will go public. One is twitter. Although many i. P. O. Experts dont think that will happen this year. Another possibility is squarea mobile Payments Company founded by the man who created twitter. And, finally dropbox, a web based file hosting service. But, its understandable that Many Companies are approaching the i. P. O. Market cautiously. Theyre wary of becoming the next facebook with a stock price thats still well below mays offering price. Erika miller, n. B. R. , new york. Susie it took a long time for norwegian cruise lines to make the big decision to go public. Since the 1990s, it attempted several times to do an i. P. O. , but pulled back. When i talked with c. E. O. Kevin sheehan today, i asked him why he felt that the time was finally right. Its always a lot of pluses and minuses of
Shares of the Third Largest cruise line operator in the u. S. , skyrocketed more than 30 , from its 19 opening price. As erika miller reports, thanks to the bullish run in the stock market it could be full steam ahead for i. P. O. S. Reporter although 2012 was not exactly a banner year for initial public offerings, Investment Bankers expect things to improve this year. 8 of Capital Markets executives think there will be a substantial gain. 42 see a modest increase. But still one in five expect fewer companies to go public. This is according to a recent survey by Consulting Firm b. D. O. For i. P. O. S, much depends on what happens to the u. S. Stock market. The i. P. O. Market is very schizophrenic. The window for offerings opens and closes very quickly depending on sentiment in the marketplace. Companies going public are expected to raise a total of about 34 billion this year, a big drop from last years 42 billion. But, remember, last years figure is skewed by facebook which accounted