Shows everyone is comfortable with the level of the levels for now. The Dow Jones Industrial average up fractionally 16,174 and the s p, 1808. Reaffirming the full year guidance, you think of ready wept, and some other names. And right now it is up 5 , and the near term volume, a little cautious on that. That is good news overall. Dennis chef boy are the ones from cleveland, ohio. Turning to commodities, metals are losing their luster. Gold, silver and copper on the decline. Phil flynn of Price Futures Group is in the trading pits of the cme. Gold is on track for its lowest close in three years. Phil if the fed is worried about inflation their policy of capering is failing miserably based on preciousmetals and this could be a concern. There could be a reason the stock market is not rallying. Yesterday in Ben Bernankes comments, the fed was worried they were not hitting their inflation targets and we are seeing in the gold market is the opposite. People buying stocks selling gold, runni
Melissa francis. Heres whats money tonight. Brace for impact. Senate majority leader harry reid says it looks like well head over the fiscal cliff. With just four days until the deadline can president obama and Congress Still pull out a deal in the nick of time . Senator john hoeven of north dakota joins us to respond. Plus, a gamechanger for the insurance industry. An auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. Can it drive the competition off the road . The ceo of metro mile is here to take the wheel. And big Beer Companies putting beer goggles on their customers. The market for kraft beer is booming and big labels are battling to get a foothold but they may be using crafty tactics to sell you the same flat brew in different packaging. Less filling tastes great. Even when they say its not it is always about money adam before we serve you that beer lets look at the days market headlines. Stocks fell for their fourth straight sessi
Welcome to the closing bell. Im kelly evans in for Maria Bartiromo down at the new york stock exchange. And im bill griffith, but apparently i have a new nickname on twitter. The mayor, thats right. I hear that his name around these parts. No idea what that means. Right now were not giving back that 300point rally from yesterday but news from the fed an hour ago right now that some members of the fed would want the free money to come to an end sooner rather than later. That has slowed things down. You can guess where that news hit on this chart right at 2 00 eastern time. A gain became a loss, and were still down about seven points on the industrial average at 13,404. Were going to go over those fed minutes in just a minute. Nasdaq also off the low, down sixplus points at 3105, and the s p 500 index at this hour is down a point and change at 1460. Thats right. Most of this reaction, as bill said, to word that some in the Federal Reserve want to slow down or end the bondbuying program b
I am not sure that bernanke will discuss the topic. Looking at both fedex and General Mills. Fedex has been a great performer. They have done maintenance on the planes. That has also cut down on the prices. We are seeing General Mills under pressure while fedex is hitting new highs. Lori thank you, nicole. Adam we are just an hour away from the latest decision from the central bank. Lori will they, or wont they when it comes to tapering . Peter most of the Analysts Expect them to do a soft launch of its tapering. Probably dial it back right ten 20 billion a month or so. Make sure that markets and investors know that it will be future tapering and it will be data dependent. This may not be a slamdunk for the fed. Take a listen. With such a slew of moderately bad news, much weaker than they expected, you know, it does raise the question why start tapering now. I think the market has not really priced that in yet. Peter one of the other options could be not to start tapering now. I also w
Earnings related. The s p 500, a bigger, broader index 500 stocks other than the 30 that are comprised of the dow. S p 500 virtually flat which shows you this push and pull action we have seen mimicking that if last week, the whole week we barely saw a move despite the fact you had 100point swings. Today at a 200point swing. The dow down 83 points. In the meantime, lot of the analysts talking about higher prices by the end of the year, higher target for the industry. As i mentioned earnings, verizon, travelers, Johnson Johnson, three names with earnings all on the dow. Nine negative dow points, Johnson Johnson 12 negative dow points. Back to you. Lori thank you, nicole. It is an anticipated week on wall street as the tech giants reveal their fourthquarter earnings. Sandra smith has the stocks to watch. Sandra where watching ibm, texas instruments. Ebay tomorrow. Microsoft later in the week. Apple, yahoo, facebook, google next week. Right now Technology Names making up about 18 of the w