Red across the board on some weak u. K. Cpi. Respectively sitting at or around new highs, the nikkei logging its best gain in two months. Apple puts ice new ipad retina on the market. And walmart steps up the competition. Another record close for the dow. The s p finishing just a fraction high of the alltime high. The nikkei closes at a high. And up say, jim, the dips are bought again and again and they are. A lot of times its just the intra day dip. Something might happen, a piece of data comes out and people say this is my chance. Theres a classic downgrade today of fedex. Fedex has been on fire. That deal with amazon and the post office, that is bad for fedex. Watch that stock. That will be the tell. It will go down a little and then buyers come in. Buyers cannot resist the transports. The downgrade of fedex to a market perform, they raise their price target from 136 to 117. They dont even mention the amazon ups deal. They say the value is outpacing demand i say thats convincing, i
Number because this is the friday between the holidays. So you get that volatility. You should be in the heart of the santa claus rally. Maybe its going to the north pole . Maybe it is. While wall street hoverers near record highs, main street is pessimistic. Survey finding 68 of americans believe the economy is in poor shape. Whos got it right here . Wall street . Main street . Well hear from both sides. Im fascinated by that disconnect. The stock market definitely saying one thing and main street surveys telling us a very different story. Whos right or could they both be right . Right. Or what does that tell you about the world that we live in right now . Talk about that coming up. Heres how we stand right now though. The dow has been flirting with the unchanged level all afternoon. Were down five points. But its like the weather in denver. If you dont like it now just wait 30 minutes. It could change. Well see what happens here as we head toward the close. Any positive close will be
Possibility behind that mystery Malaysia Airlines flight 370. That it was not some sort of mechanical failure. Clearly, nobody knows yet but phil lebeau is going to catch us up on the latest developments in about five minutes time. Why did that plane fly seemingly for as long as it did after losing contact with Ground Control . And a very bright future. See how this teenager just won a big prize from google and see how her idea is literally changing the world. She is an amazing young person. She is with us today live. First lets check in with sue with some news on new problems for General Motors. Absolutely, ty. As you know, it has not been a good week for General Motors. Right now, the stock is up 1. 75 but investigators are opening waves of probes into whether the companys efforts to save money cost lives. Despite todays uptick, the stock is down almost 10 this week. Phil lebeau begins our coverage for us on General Motors. Phil, over to you. Reporter sue, more bad headlines for Gene
Morning as the violence in kiev has left at least two dozen dead. The roadmap begins with netflix youd over verizon as the primetime download speeds allegedly slow. And lets make a deal, cigna jewellers agreeing to acquire zale for 21 a share while one wall street firm suggests walmart should pick up Family Dollar. First up netflix has a bone to pick with verizon this morning and its fios service, according to the wall street journal, the average prime time speeds fell 14 last month as netflix is rolling out a new season of house of cards theyve been in dispute with verizon and other broadband providers how much content theyll carry without paying additional fees. It is sort of a story, david, simon, of two companies but with broad ramifications as we see other deals coming down the pike. Without a doubt. We know this is only going one way which is up as Broadband Usage will only continue to increase as more and more people stream. There are statistics that say 30 of the streaming that
Nationalistic rhetoric in russia. At the same time, of course, we have a top commentator talking about nuking america and yet there are some who say the russian market is too cheap to pass up. Well look at that. Well look at the investigators, the russian etf trading under the symbol rsx. Its down 23 just this year, but as youre saying, weve seen the russian market bounce back today about a 5 gain on the rtf. Well look at that. Also deja vu all over again for housing. Adjustable rate mortgages are apparently back in vogue even in this low Interest Rate environment. Very counterintuitive. Some experts warn it is a new ticking time bomb thats sure to go off in a few years when rates are inevitably likely to go higher than they are right now. Well have a full report on these new mortgages coming out right now. And so the Dow Jones Industrial average adding 180 points today. The nasdaq adding about 40, almost 1 there. Same for the s p 500 which is up 18 points. Pretty much across the board