Financial news, analysis, and todays investment ideas. Good morning. Its thursday, november 15th. Im angela miles. In todays first look traders will likely react to earnings today from walmart and target after getting clues into how the consumer is holding up. Yesterday the market took a plunge. The dow fell nearly 200 points. Stocks dropped on fears washington will be slow to break out a workable budget, the fed hinting at the need for more stimulus, and air strikes in the middle east. Reports say the federal Housing Administration is close to running out of money reserves as mortgage delinquencies rise. Gm set a goal of producing a half million electric cars per year starting in 2017. And starbucks plans to buy teavana for 620 million in cash. Lets get the breakdown now on Market Action with Phillip Streible of rjo futures. Good to have you on the show. Good morning to you. And how significant was yesterdays selloff . It was fairly significant. I mean, we saw just no bounce whatsoeve
I would go for 90, but whenever we can resolve your. I am willing to accept 60. They que very much. This is essentially lets make this unanimous. Is there objection . Is there objection . No objection. The amendment. This would be i cant as amended. No. I think their chairman. Oh, sure. It is really very appreciated. You bet. Thanks for your constructive. Now we move to final passage on high camp as amended. Any more comments . Hearing and all in favor. Opposed sene. The ayes appeared to have it. They do have it. Thinking. Do you have an amendment . Commitment number four goes to the issue that Ranking Member cobourg talked about as far as delivery in rural areas. The Postal Service used to use third parties to assist postal delivery in rural areas. These services are organized under a thing called the alternative means of transportation contracts. In june 2012 the Postal Service unilaterally implemented the Pilot Program in the northern planes which reduces contract use and in turn re
Producers will once again try to stop me with a mystery guest. But first, bloomberg headlines. Drone test centers have been approved in six states. Administrators explain why these sites are more. It shows great promise, but also brings with the great challenges. What the test sites provide are a structured framework where we are able to conduct research, conducted test operations, and really understand how we can safely integrate the aircraft into the national airspace. This is the site for one of the new first regulatory moves for onair unmanned aircraft. Meanwhile, the stocks rose the most in four years. Retire, and blackstone will invest 200 million in the clog maker. And cooper tires said it is dropping plans to be bought by indias apollo tires. A lack of financing for the transaction, they will be seeking damages. Apollo is disappointed and will also sue. It could be that the rubber meets the road in front of the courthouse. Thank you. Our theme today, celebration. Days the Winte
Et fast lanes after backlash. It is trying to offer assurances. To the people you follow on twitter sometimes gets annoying, but youre not ready to on follow them . A muting feature that will allow you to select tweets and hide them. Off. G can be turned on and the new app, square order, is a better experience for users and square wallet. Right now it is available only in new york and san francisco. They have taken what they have learned from wallet and built it into square order. Now to our lead story, it is a deal that could shake up the paid tv industry as we know it. Advanced talks to at about 100 a share. They are tearing up for a 12 month regulatory process. Direct tv shares are surging in afterhours trading. Cory johnson is here with me in the studio, and alec sherman is with us from new york. At this point, what can you tell us . We know these companies have been talking for a few weeks. At t is interested in expanding their business and buying direct tv, operating direct tv as
Walking us through what their journeys have been like. Thank you again. [applause] and some news about new york congressman Michael Grimm from the Washington Post. That he has been taken into custody facing federal charges, a 0count indictment 20count indictment against him connected to a restaurant he opened before entering congress and alleging that the restaurant hid more than a Million Dollars in tax receipts from local and federal tax officials while also paying workers hundreds of thousands of dollars off the books. Now, aides say that House Speaker john boehner has not spoken to congressman grimm about the indictment. Neither the speaker, nor majority leader, eric cantor of virginia, have commented on his political future. Well keep you posted with any updates on the story on the cspan networks. And in about 15 minutes, well be returning to the Antidefamation League conference where fbi director james comey will be speaking about ate crimes after the recent hate crimes after the