Leading the way lower. S p financial stocks, they were at a two week low. Real leumi day and we had some ecodata that was bumpy and did not help to provide anything. Joe it was ugly overseas and asiapacific was down. Just once again, risk off, not that dramatic but not that great. Oliver it is a smooth ride up and once you get to 2100, things start to get shaky. A couple of sectors i think are interesting today you have the strength relative to the rest of the market these are three of the groups that help keep the market afloat year to date. Thefact that we still have s p losing on a day, that has only happened twice. Bondon the government side, we saw them going out on their lows of the day. 1. 77. Year yield at one thing i want to draw your attention to is the turkish lira. You can see it getting obliterated. The dollar strengthening, clinicalmashed on turmoil in turkey as the president and Prime Minister are at odds with each other. A good moment for emerging markets with the turki
A young lady at the Washington Post telling dads to maybe just hang on a second. In the meantime we begin with news on apple. The company experiencing a major server outage. Josh lipton has that story for us live from san jose. Josh, just how widespread is this . Mandy, if you are having trouble buying songs on the itunes store, then you are not alone. According to apples website, customers may be unable to make purchases from the app store, itunes store, i books store and mac app store. The problem the tech giant is experiencing major server outages. The cause at this time is not clear. What is clear is that apple is losing money. Remember, the itunes store generates a lot of cash for apple, and its last reported quarter apple says total reports of media and software from itunes clocked in at 2. 6 billion, and its not just United States. A customer in the u. K. Posted this picture of an oldfashioned credit card imprinter. We have reached out to apple, and were going to keep you posted
Dozens of sailors are missing. Live from cnn World Headquarters in atlanta, welcome to you, our viewers, here in the United States. Im kim brunhuber. This is cnn newsroom. The u. S. Is beginning a Holiday Weekend that could Impact Public Health for weeks to come. Labor day is traditionally summers last hoorah. A time to be outdoors and around people. But Health Experts warn it could mean a surge of new coronavirus cases, which is what happened after Holiday Weekends. The president is boasting about the countrys progress against the disease and getting a skeptical response from the nations top Infectious Disease expert. By the way, were rounding the corner. Were rounding the corner on the virus. Im not sure what he means. Theres states that are doing well, in that the case numbers are coming down. Our concern right now is that there are a number of states, particularly, flex, the dakotas, montana, michigan, minnesota and others, who are starting to have an uptick. The numbers tell a dif
No matter what comes out of washington. Why traders are convinced. There will be no falling off a fiscal cliff. In todays cover story. Why retailers and wall street firms are stepping away from gunmakers. Plus who has more power millenniels or baby boomers. The surprising answer. And what will Interest Rates look like in 2013 . First business starts now. Youre watching First Business financial news, analysis, and todays investment ideas good morning. Its wednesday december 19th. Im angela miles. In todays first look what is the market telling us . Stocks rallied once again yesteday. In what traders view as a sign a deal to avert the so called fiscal cliff. Is highly likely. Money pulled out of gold which is considered a safe haven. And instead went into equities. As well as oil. Shares of oracle bounced almost 3 in heavy volume. The tech company surpassed wall streets expectations. Oracle is up 28 this year. Gas prices are closing in on a 2 year low. The National Average for a gallon o
Officials are saying it will not be as damaging as back in 2010. The fire is located just 150 miles from that bp oil spill where that happened. Connell the rig operator is hercules offshore. The stock price today is down by a little more than 4 . Dagen phil flynn is in the pits of the cmb with more on this. It has backed off. As far as the Market Impact of this particular blowout right now, it is not that much. This particular well was not in production. We had this rig getting ready to prepare for more production down the road. They already knew that they had a problem with this well. It was trying to fix the problems that they already had with this well. The impact is about tighter regulation in the gulf of mexico. Regulations became a lot more stringent. There is a concern that a mishap like this could make it even more difficult to bring production online in the future. This is a Shallow Water rig. They have a lot of experience with tapping these kinds of rigs in Shallow Water. It