Dow and the s p. Gold and oil ended the day nearly the flatline. Rofits dip 6. 2 at nordstrom. The stock dropped after the close on the earnings. And, under the golden arches, mcdonalds plans to spending nearly 3 billion dollars nextg year opening up to 1,600 new restaurants and remodling 1,000 others. Mcd is also backing its sales growth forecast of 3 to 5 . A chevron gas pipeline explodes in texas outside of dallas. Reports say a construction crew accidentally drilled into the line. No one was hurt. But residents in the area were evacuated Doug Rothschild of Performance Trust is here to get the ball rolling us this morning. Good morning to you. Good morning angie. As investors are watching the stock market go higher and higher. What is your best advice here, should they be going long the bonds or long the markets or short on both . I think cash is your friend and and you want to be careful and investing at these levels because there is a lot of uncertainty out there in the marketplac
After last weeks dive, market losses continued yesterday. The markets open this morning lookin for a little traction. Equities were lower for their first 4 days slide of the year. Strength in technology trimmed nasdaqs losses. Apple was up 1 and a half percent after saying itll start selling 2 new iphones next month. Energy shares were down oil futures fell ending a penny below 107 dollars a barrel. And gold futures, which were up 4 and a half percent last week dropped yesterday. Feels like were in a Holding Pattern . Well, we are. Investors are waiting to see what the fed will do this week. Does ben bernanke have plans to pull back on the qe3 stimulus sooner than later . With the school year beginning, the sequester means nearly 60 thousand low income children cannot enroll in Pre School Programs mostly head start. And 18 thousand head start workers have also had their pay cut. Bond yields, on the rise for months now. Lets talk with doug rothschild. Hes with performance trust. So, wha
Nutriition company shocked wall street, beating the top and bottomline numbers. Shares jumped to nearly 64 in heavy afterhours trading volume. And two tires blew out during the landing of American Airlines jet monday. No one was hurt. Doug rothschild of Performance Trust joins us on this tuesday morning. Good morning, doug, and are you sensing that bonds will be on edge ahead of the fed . Morning, angie. Thanks for having me. Absolutely, all eyes are on the fed this week. Will bernanke have another taper tantrum . And how will the market react to that . So as were looking forward, the fed meets on wednesday, theyre going to release their notes. There will be no press conference, but instead, in their notes, investors are going to be looking for clues that the fed is going to begin tapering their bondbuying program. Thats going to be dependant on what happens in the economy. One thing we do know is that bernanke wants to keep Interest Rates low for a long period of time. Tapering and th
reported earnings after the close that topped wall street s expectations but also said ceo christine day is stepping down in the wake of the see-thru yoga pants ordeal. shares of booz allen hamlton dropped yesterday on word its employee edward snowden leaked the information about the government s survielence prgoram. snowden worked at the government contractor for 3 months. flight delays and disruptions are expected the next 3 days in europe as union workers strike against a european commission request that airlines drop a number of flights. let s get a check now on the bond market with doug rothschild. he s with performance trust. always good to have you on the show, doug. and the s&p rating call yesterday with the rating of the u.s. debt being put at stable, does that change anything in the bond market? - we re not sure it does change anything. there s still certainly volatility that has been introduced a lot more. keep in mind the reason that the s&p downgraded the u.s.
about to become a gainer for the 7th month in row. yesterday the major indices held on to gains into the close. gold was a stand-out in the session, rallying $22 and closing above 1,400. oil added 41 cents. in earnings after the close, shares of guess gained more than 8% on better-than-expected earnings. lionsgate also headed higher after topping wall street estimates. ubs is boosting salaries by 9%. according to bloomberg news, the investment bank apparently needs to pay more to attract and keep key employees. mortgage rates are on the rise. the 30-year has bounced to 3.81%, the highest level in a year. the 15-year fixed rose to 2.98% larry shover of sfg alternatives joins us this morning from the trading floor. good morning larry. - good morning! - more economic numbers are coming in today. gdp came in slightly shy yesterday, but is the market telling us the economic recovery is a lock? - you know, right now i think what we are seeing is we are seeing growth in the economy,