November 29th edition of nightly Business Report. Good evening, everyone, and i hope your thanksgiving was a great one. Susie is off tonight. Shell rejoin us on monday. Well, it may have been black friday at the malls, but on wall street you could have called it flat friday, markets closing at 1 00 p. M. Eastern time and the major stock indexes ending the day mixed, but wall street wraps up an historic month of november with 12 record high closings for the dow. And the dow and the s p finished this month with their eighth straight week of gains. Today stocks faded just before the early closing time, but earlier in the day, the dow and the s p, and the dow transports and the russell 2000 all hit record highs. Heres a look at todays closing numbers, the dow, 11 points lower, the nasdaq up 15, now solidly above that 4,000 mark, and the s p basically flat about 1 1 2. Look at this, blue chip dow soaring 3. 5 . The nasdaq was up 3. 6 , and the s p 500 up 2. 8 . A good month all around. Whil
Who . Our moms. Our moms are here. You guys, as we speak, at this very moment, theyre upstairs cooking plotting the end of the world, the overthrow of civilization as we know it. What are they reading . I dont know. Theyre comparing recipes. It is a staged moment, but nonetheless, nonetheless adorable. We look forward to that. What is your mom going to cook . Shes making stuffed peppers. And your mom is making . Her famous spaghetti sauce. Theyre two of a kind. So different, and yet more fun together what are they saying . I dont know. They freeze to death. Hi. Theyre like, are we on now . You want us to shut up now . Yes. Perfect. Good going, joanie. All right. China. Breaking news. Breaking news. Nbc news, china drank the most red wine in the world. They surpassed france and america. Heres the thing. It is apropos because today is the Chinese New Year. All around the world, celebrations are kicking off for 15 days. In case youre wondering, 2014 will be the year of the horse. Yes. Yes
Listing of used in farewell, jay leno. We dig about with whatever but he is talking about, the olympics. Every four years, tens of thousands of taurus and hundreds of athletes and millions of viewers all unite in the swill in agony of international competition. Plus, how a whole city is grossly unprepared to execute these games. Whether it is engineering challenges, or protests of russias antigay laws, host cities, it is true, they have to go through some element of critique. He had of the International Olympic community is putting his best foot forward. The sun keeps shining on the game and on the athlete. They will have the best conditions possible for great achievement here in sochi. Ok. The sun is shining on sochi. It she says things are going smoothly. You might want to actually check twitter. Followers of the sochi problem page, all those pictures of shoddy bathroom construction, yellow water, a grass keeper spraying grass green, you name it, there is something for it. One of the
Point the selling was far worse and it looked like we could be in the midst of a major rollover. Still today like yesterday, the buyers and sellers did real soulsearching, and what exactly are they pondering . Basically, theyre trying to figure out if good news about the economy is bad news for stocks or is the opposite the case, as the economy improves should we like stocks more . Its a firstclass quandary that we have to dive into headlong on mad money if were going to figure out the markets move. Its distracted and a parlor game and we find you the best stocks and the best opportunities. The only focus on the feds next move the last three years, you missed some of the single best moments to invest in our lifetimes. I regard that as terrible. I regard it as shameful because this fedcentric world presumes that the market is one big stock that is sent higher or lower by ben bernanke and janet yellin and its the market as a marionette. My favorite credo is the opposite. The stocks repre
Puerto rico is in a bind. They cannot declare bankruptcy. Jay leno says good night. The host stepped down after 20 years and more than 40,000 jokes. All of them were ok, i guess. Who did he make the most fun of . Welcome to market makers. He made the most fun of george bush. Remember, there is a Huge Development going on. A Cayman Islands attracting financials giants while the country is tumbling. I am looking to jimmy fallon. So true. So true. Something is wrong with twitter. Twitter is taking. The stock is down 20 after an Earnings Report that left investors stunned. Well explain why with cory johnson. What is the big concern with tter right now . Well well, look, this is about a stock and not about a company. Bloomberg,arlier on the short cells are keeping the stock from falling further. Companygoing on in the is very interesting. We see limited growth there and the user growth is not that strong. In fact, all of the User Engagement numbers came off week. Just the user growth alone