Following betterthanexpected earnings from Morgan Stanley and comments by fed chair ben bernanke. The nasdaq added on a point. Gold gained 6 dollars, and oil 1. 74. Tech trading trouble is possible today. Google shares tumbled about 5 on earnings that fell short. Microsoft was also shy. Its stock dropped 4. 5 in heavy trading volume. Detroit has filed the biggest city bankruptcy ever in u. S. History. Motown is struggling with billions of dollars of debt. And, the latest Mortgage Rates declined. The 30year fell to 4. 37 . The 15year to 3. 41 . Chris gersch of altimus capital joins us on the show. Good to have you back with us chris. Good to be back. And the market hit record highs yesterday, but today is options expiration day. Theres a lot going on here. What do you expect . I think were going to have a really scary open, actually. The s p yesterday at the close was just something that you didnt want to be a part of if you were on the bid. I really think that the earnings that came ou
Points below fair value. We have some different nebs going on at the top of the screen than we do on that fair value board. Well check on that, as well. Dell is said to be in talks with private companies in reports of a possible guyout. The journal says jpmorgan is involved in the negotiations. Dell shares have been soaring near an eightmonth high on first word of this news yesterday. You can see up about close to 2 to the premarket sales. 64 is the last dip. In other technology news, facebook is holing a press conference today. No word on what the big announcement will be. Youve heard a lot of analyst saying it could have something to do with a morrow bust search feature. Also, banking regulators are ordering jpmorgan to tight. Risk controls after the banks multibillion dollar lending trading losses. The orders from the fed and the office of the comptroller, not named individuals have been called and they do not levy any monetary improvements on the bank. Including take risk outcomes
Ceiling. I think we have an obligation to pay our obligations. Have you requested from the office of Legal Counsel of the department of justice, an answer to this question . Congressman, on the question of responsiveness to oversight i very much except i just asked for you to respond in writing to that. Have you asked or your department asked whether or not you can prioritize debt . The question of prioritization is fundamentally a policy question. As your comments reflected, i do not believe nor does any president nor treasury secretary let me ask you to answer my question. I have one minute 54 seconds left. Have you asked the department of justices office of Legal Counsel whether or not you have the authority in the event of not raising the debt ceiling to prioritize debt payments . The issue of whether or not that decision is made is fundamentally a president ial decision. Have you as treasury secretary, your department, requested from the office of Legal Counsel . It would fundamen
Credibility was on the line and spoke about the force during a News Conference in stockholm. The president defended his comment that the use of chemical weapons by syria was a red line that Bashar Alassad should not cross. He said he was referring to international standards. A plan who kidnapped and raped three young women in his cleveland home was found dead in his prison cell. Ariel castro was sentenced to life in prison and 1,000 years after pleading guilty to hundreds of charges. Those are the headlines. Real money with ali velshi is up next on al jazeera. Im ali velshi, and this is real money. This is real money, and youre the most important part of the show. Join our conversation live for the next half hour by using the aj real money on twitter. According to a new annual report put out by the World Economic forum, switzerland takes the number one spot again for the economy of the world, the u. S. Rounds it out of the fifth spot out of 148 countries surveyed. This is based on fact
Moving our economy for 160 years. Bnsf, the engine that connects us. And by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Brown the battle for control of syria reached ever closer to the capital today. Heavy fighting flared near the damascus airport, and Online Access was cut, as the pressure intensified on president bashar alassad. We have a report narrated by Jonathan Rugman of independent television news. Reporter it could be the wests Worst Nightmare. Jubilant jihadist fighters near damascus. This group has captured a helicopter and these islamists are now in the vanguard of syrias rebel army. Syrian warplanes and helicopters were filmed attacking the fringes of the ca