Thing back. In the new york, new jersey, area, some promise that the worsthit states are at least pondering openings as soon as tomorrow. The very latest read on all of this from jackie deangelis. Hey, jackie. Reporter neil, as reopenings continue in slow phases across the country, reminder this mornings weekly jobless claims added three million more people to the list of unemployed. The number was higher than expectations but it was lower than it was last week. So that was positive. Remember the total number of jobs lost in eight weeks, more than 36 million. That is a backdrop here. That is why reopening is so important. The sooner the country can do it, the more people can get back to work. Now in florida universal orlando is partially reopening today. The citywalk portion is going to be on reduced hours but masks are a must. There will be temperature checks. On may 20th, the plan is to open disney springs. That is where the shopping and dining complex is. The rest of the park is clo
Rishaad just about 30 minutes to go until we get going again for the hong kong session. Let us take a look at what has been happening. Has been a winning last day of trading for 2017. The highlights. Looking at 14 months, straight months of a global stock that is gaining. This is unprecedented. Let us go back to the dark days of 2008 when we had steep falls. In one month, 10 of the stocks declined. Since then, recovery taking place. 2009. D bag since the last 14 months has framed what has been going on. The hang seng up about 34 so far this year. Notwithstanding the gains we may be seeing in a little while. And that is when the session kicks off in about 29 minutes. Singapore and taiwan coming online as well. Let us go over to sophie and have another look at the markets. Grant sporre sophie let us take a look. The ringgit is heading for its best year since 2010. In 2017 following the rebound in oil prices. Is expected to test at a number three level. Singaporean stocks. The opening was
Beijing. In the earl will i trading in europe, you can see some green arrows. Modest advances. Everything below half percent increase. Germany looks like its the best performers up by close to half a percent. Hope you had a great weekend. Among our top stories, were talking this morning a lot about former treasury secretary tim geithner. Hes joining warburn pincus. Hes been a distinguished fellow. Hes conducted a series of seminars across the country. Hes in the process of writing a book. Well talk more about the story with politicos ben white in just a few minutes. Jpmorgan agreeing to pay 4. 5 million to settle claims for people who lost money on mortgagebacked securities. The bank reached that with 21 Institutional Investors and security trusts issued by jpmorgan and bear stearns which they acquired. Washington mutual which jpmorgan acquired and we should note that this deal is separate from the preliminary 13 billion settlement the bank had reached with the government. Youre talkin
Flush out production in just a moment. Parking lots, it is awesome. Two stocks are hitting record highs. Dollar general betterthanexpected earnings moving up 4 and a 3rd . And shares from yesterday to buy from neutral all it took, of 1. 5 . Samsung finally takes the stage beating apple to the pump by unveiling his brandnew galaxy smart watch. It has the orange wristband, as you see. They started to display it on the big screen making calls, having wifi, all kinds of things. We are watching this very closely because they did this a full week in advance of apples expected presentation. Either one, will you be lining up for this . We break it down with the allstar panel later. Apple not sitting quietly after sending out invites to a big event next tuesday. Today the Company Announced an event in beijing on september 11 affected apple will debut the iphone 5s after its launch. Talk about shares of jc penney heating up as more hedge funds take interests. Nicole petallides on the floor of th
Countdown to the counterdown. Large and in charge, the bulls have taken the dow to a series of record highs, four in just the last week. Does that mean dow 15,000 is just around the corner . Famed wharton finance professor jeremy segal lays out his dow targets for 2013 and beyond. Is oil about to become an oily mess . Why one chart watcher says oil is about to be dead money, plus his contrarian call on gold. And jcpenney stripped in billions of market caps as the stock plunges in to fouryear lows. A ratings rumble on jcpenney. Countdown to the closing bell starts right now. Liz good afternoon, everybody, im liz claman on monday, its the last hour of trading. Money just keeps pouring into the blue chips but, okay, ill be the one to ask, are we getting set up for a stock bubble to pop, or does this thing just keep charging through record after record . Today the dow is on track to hit its fifth record in a row. Right now weve got it up about 37 points, high this session about 45 points.