Your money into pot . You can vote on that coming up in a bit. And Hurricane Season is here. A storm is developing. The forecast is straight ahead. Tyler continues on vacation. Simon is down at the nyse. Hey, sue, welcome to day one, down here on the floor of the new york stock exchange. It was a laggard. The broader market, never forget the s p having a big six months, up 6. 7 , thats for the russell up 3. 8 so far this year. We begin the second half. Were close to 17,000 on the dow. Some Exchange Traded funds. The mid cap 400 for the s p, iwr, all up nicely today, but theyre up on heavier than normal volume. This suggests to me, up on heavier volume suggests that money is flowing in, particularly into mid cap stocks. Also wee seer some nice volume, theres the ishares, s p 500, this is essentially the s p 500. This is at a new high, but were also seeing good volume here as well. Were seal volume on the other side, some selling in some of the bond Exchange Traded funds. This is a big o
A miss for mcdonalds, citing exchange rates, weak consumer spending. Well break it down. Its not fun and games d. Gas price is spiking 12 cents. And steven cohen officially charged by the s. E. C. Well have the details on what it means for s. A. C. Capital. Mcdonalds earned 1. 38 a share, revenues also missed. Global comps up 1 , including gains in the u. S. , but samestore sales fell in both europe and the asia pacific, middle east, africa region. Saying the Economic Uncertainty is pressuring quiter spending. Guys, it looked like june comps slipped a bit, something that janney highlighted. That was a good call. If you go back over how some others are doing, yum believe it or not doing better than mcdonalds in the united states, overseas, chipotle, spoke with jack hartung, the cfo on friday, theyre seeing an acceleration of samestore sales. Obviously they have this move with integrity campaign, people feel good about getting away from the idea of the food chain. I expected better from
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