Midland, texas. Battered and bruise but ready to break out. Our market monitor has a list out of favor stocks he says may be ready to turn. All that and more tonight on nightly Business Report for friday, december 19th. Good evening, everyone. Make it three in a row. Stocks rally for the Third Straight day closing out with the biggest weekly gain since october. Investors are feeling confident ever since Federal Reserve policy makers say theyre holding off on raising Interest Rates and that confidence fuels more buying an wall street today. The s p 500 rose 3. 5 this week and is just five points away from breaking through its alltime record high. For today, the dow rose 26 points. The nasdaq gained 17 and s p added 9 points. For the week, the dow was up 3 . The nasdaq rose almost 2. 5 and just mentioned, the s p moved higher by nearly 3. 5 the markets were a huge story this week but today from hollywood to fbi headquarters to the white house, the story everybody was talking about was th
Pipeline on shore and hasnt stopped at this point. Crews are trying to contain the mess. Right now lets get to the market business of the morning. You can see this morning the futures are missed. Up by 5. 5 and nasdaq down by 0. 5. They say the country will not be able to make an imf payment due without its international lenders. The euro hitting a two week low on renewed concerns about athens debt and in Corporate News the Justice Department expected to announce a settlement with five of the worlds biggest banks. Theyre accused of rigging the currency market. Fines are seen topping 5 billion. The first out of the gate. The swiss bank says it will plead guilty and pay 545 million to u. S. Authorities. A possible change in u. S. Tax regulations would effect the spin off in alibaba. Its working toward the plan spin off in the Fourth Quarter and ads it understood the irs statement was not specific to the company. It was a statement made yesterday about shifts in how they were going to be
A couple people asked me what was going to happen, said, hey, cramer, booyah, is this thing for real now . I mean, are we really in trouble . I knew right then wed have a nasty selloff and we did, dow sinking 137 points, s p giving up. 90 . Nasdaq plunging. I knew it because the politicians have finally been able to create enough concern in enough people that its being chatted about in the street. Now it is ironic and tragic and sad that washington was also the scene of a real life and death drama today. Im talking about the artificial one created by the politicians. Both sides have started accomplishing what i perceive as their actual goal, which is to embarrass each other, stigmatize each other, make us feel the other side has a reason to worry about being reelected. Our savings are also affected by the debate in washington. One side, the other side or both are able to paralyze us with enough fear and truly hurt us with the collateral damage. Well, we havent really cared about it. Bu
Hey, cramer, booyah, is this thing for real now . I mean, are we really in trouble . I knew right then wed have a nasty selloff and we did dow sinking 137 points, s p giving up. 90 . I knew it because the politicians have finally been able to create enough concern and enough people that its being chatted about in the street. Now it is ironic and tragic and sad that washingtons the scene of a real life and death drama today. And im talking about the artificial one created by the politicians. Both sides have started accomplishing what i perceive as the actual goal, which is to embarrass each other, stigmatize each other making us feel the other side has a reason to be reelected. Our savings are also affected by the debate in washington. One side, the other side or both are able to paralyze us with enough fear and truly hurt us with the collateral damage. Well, we havent really cared about it. But today, we started caring. Now, im not going to tell you how i feel what can or should happen
This is real money, you are the most important part of the show. Join in the live conversation by using the handles another sign today that americas job Market Recovery is gaining strength. In a report coming out every month the Payroll Company adp reported that the private sector in the United States added 238,000 net new jobs in december, the most in more than a year, and more than most economists expected. Now, Small Businesses led the charge, adding 108,000 position, the biggest increase since early 2012, the adp number prompted wall street economists to raise estimates for the governments tally of employment growth for december, including all government and private sector jobs, except those in agriculture. Economists had been predicting under 200,000 jobs were created in december. Back on december 18th, if you recall, after the federal reserves last meeting i told you that the rebound convinced the central bank to start pulling back on the bondbuying program. In the minutes releas