Dagen good morning. Before the weather we get to stocks. And we go downtown to the corner of wall and broad and Nicole Petallides on the floor of New York Stock Exchange. A bit after rebound, nicole. Dow jones industrials snapping back from yesterdays losses. Yesterday the Dow Jones Industrial average dropped 135 points. Not a good way toking kick off the new year. Obviously kick being off with a decline for First Time Since 2008. However, last year, 2013, was a great one. Were back with green arrows with the dow above 16,500. You have a majority of stocks with up arrows. Drug index, retail index, banking index, oil services, transports, truckers, shippers, airlines, checking on airlines with all the snow and still maintain some up arrows. You do have market breadth looking somewhat favorably. I do want to look at shares of lindsey. They have a mixed bag here. They have a Buyback Program underway. They boosted the dividend. They did have a quarterly miss. This is irrigation maker. Back
Redouble efforts to fight terrorism. Will the days to come we learn more about the terrorist and any accomplices he may have had with these events are a grim reminder that canada is not immune to the types of terror attacks we have seen elsewhere around the world. News, anothere chairman richard broadband is leaving. Earnings were overstated by 422 million, the new ceo says he cannot provide any guidance on fullyear profits. Switzerlands secondbiggest bank more than doubled. Revenues rose 77 . Ceo talks to bloomberg about the impact of volatility. Benefitse point it some of our businesses as you mentioned more volume and more volatility. From some points of view that is clearly a benefit but if you get too much Follett Hillary that impacts longerterm views too , that impactsy longerterm views. That is not so good. Nissan joins in, they have recalled more than a quarter million vehicles. In the last year, 7. 8 million cars in the u. S. Have been recalled for an airbag defect. Shrapnel i
Dow jones industrials. We havent been there for some time over the last couple hours. Interesting to see us getting a little pop here the dollar strong ran the vix tire and durablegoods orders rebounded into september and looks better than august and initial jobless claims fell below expectation. We are looking at the dow up almost ten points gaining 0. 1 . Proctor and gamble is the best performer on the dow, one of the names helping the dow along. They came out with their numbers. The profit for the first order rose more than expected. Shareholder, talking about cutting costs to get things rolling and restore growth and that is what they are doing, stock hitting a multiyear i. 80 of the countrys top executives are urging congress to reduce our deficit. Three key points to get our nations debt in check, reforming medicare and medicaid, strengthening Social Security and initiating progrowth tax reform. Here with more is exclusively on the Fox Business Network greg brown, chairman and ce
Facebook. This is a trend. We will talk about it. This is all coming up on this hour of markets now. Connell all right. Dagen do you think i need work . Connell not on your beautiful face. Dagen you may be a suck up. Top of the hour. Time for stocks now. Nicole the dow is up. The highest close of all time for the dow and the s p 500. We are not quite to the intraday alltime highs for the dow. You are seeing of arrows, nonetheless. We have been following both jpmorgan and wells fargo very closely as they came out with their quarterly reports. Other names that are leading the dow our boeing and united technology. Back to you. Dagen thank you so much, nicole. Jpmorgan and wells fargo kicking things off. Lets take a look at how they did. Wells fargos profit climbing 19 . Our next guest and friend analyzes numbers. The real . Here Going Forward is mortgage. The volume is low. That will hurt. Loan growth, from a commercial site, is not particularly strong. The economy just is not expanding t
Crossing the wires. It is official. Joseph a. Bank is acquiring eddie bower for more than 800 million in cash and stocks. Talks will be rooub roumored ea this morning. Joseph a. Bank does have the right to end that agreement if it receives an acquisition bid that et feels would create more shareholder value. Joesest a. Bank and menswearhouse have made bids in the last few months. Andrew, youve had some pretty strong thoughts about this move when it was first rumored that it might be happening. This is the talk to the hand because its nanny, nanny, nanny. Yeah. Craziness. We can talk about that more in just a moment. Weve got some frozennomics to talk about first. The unusually harsh winter will be trimming 0. 3 Percentage Points from gdp this quarter pulling q1s annualized growth rate down to 2. 2 . The weather has closed businesses. Its disrupted transportation supply chains and kept a lot of shoppers at home. Among the other drags on the economy, energy bills as consumers have to pay