I understand that when the dow dropped 36 and the nasdaq advanced. 14 . When we have the huge gains we had yesterday, bears do come out of the wood work to remind us the situation is remanencing of the move going to the nasdaq collapse that devastated so many investors. But while this market is definitely frothy, it doesnt feel like we are on the eve of mass destruction. Oh, yeah, ill admit there is a ton of speculation out there. Im not going to deny that. Its over heated in some sectors. Tech companies without prospects that come public. Bubbly markets that have tended to get crushed down the road. And the more ipos, the worse the outlook. We have this extraordinary moving tesla people keep talking about, the car company is being a savior to the electric grid. Lusk, even as this companys earnings are comerical and netflix. Amazon is going from 270 to 372 without making a profit. These stocks with some of the cloudbased softwares, salesforce. Com, workday concur, many data over valued
Lawmaker hiking its full year outlook as sales jumped 70 in the Fourth Quarter. Twitter finally sets the price of its ipo today after the closing bell. The most anticipated tech offering since facebook last year. Very warm welcome to you. We kick off with the final snapshot of the services pmi and the composite. The final services pmi, 51. 6. A pick up from the 50. 9 flash number. The composite pmi, then, 51. 9. It was 51. 5 was the flash of the composite number was picked up, as well. October Services Output prices, 48. 5. That is a slight tick down in prices from 48. 6. Which was the flash number. Euro dollar just moved away from that sevenweek low. 1. 3501. Were traiding between that 1. 34 level and the two of year high which we hit two weeks ago, 1. 3833. Well get more action on the eurozone economy as we go through the program. Also listen to go what ba systems has to say, theyre expecting to act around 1,000 jobs in three uk shipyards. They will make more announcement a little bi
Checks, all that and the gov feeling fitness love, Chris Christie working with body by jake . Jake is here. So is Suzanne Somers. Something tells me they are here to give me fitness advice, i need it, get ready, for it, it all starts now. Neil welcome. Glad to have you i am neil cavuto, lets get down to business, ahead of my going down to washington tomorrow, here is whwhere they are now in the nations capital, not much going on. Republican party that appears to be eating its own, reports that Mitch Mcconnell is trying too shove ted cruz to the corner, and not let the texas republican filibuster, to Rick Santorum on a fight. You dont like to see your party or movement fragtured the way it is, but sometimeshat is necessary. Where do you align yourself . With that crowd that says shake things up or another that says in is say procedure for this, recognizing numbers for this . Lets move on to a more accommodative . This is the last opportunity to stop any kind of realism amtation of obama
Liz the top three stories you need to know. The great digout continues in the northeast. Thousands of people are still without power. First energy ceo is talking to us exclusively about the impact of the past weekends massive storm. Red hat is more than just an operating system. You will hear all about it from red hats ceo first on fox business. And competition for your wallet is heating up. A new app for the iphone. We have money grams ceo coming up in a fox business exclusive. Im cheryl casone. It is the last hour of trading. The countdown to the closing bell begins right now. Liz claman is on assignment in cleveland where Goldman Sachs held its first Graduation Ceremony for entrepreneurs. Fascinating stuff. You will hear about it in a few minutes. But first, to these markets, stocks are down, but trading at their best levels overall since november of 2007. The dow down almost 35 points as you can see on your screen. S p losing ground as well, down a fraction. And the nasdaq down mor
Checks, all that and the gov feeling fitness love, Chris Christie working with body by jake . Jake is here. So is Suzanne Somers. Something tells me they are here to give me fitness advice, i need it, get ready, for it, it all starts now. Neil welcome. Glad to have you i am neil cavuto, lets get down to business, ahead of my going down to washington tomorrow, here is whwhere they are now in the nations capital, not much going on. Republican party that appears to be eating its own, reports that Mitch Mcconnell is trying too shove ted cruz to the corner, and not let the texas republican filibuster, to Rick Santorum on a fight. You dont like to see your party or movement fragtured the way it is, but sometimes that is necessary. Where do you align yourself . With that crowd that says shake things up or another that says in is say procedure for this, recognizing numbers for this . Lets move on to a more accommodative . This is the last opportunity to stop any kind of realism amtation of oba