Goggles. That stock dropped 4. 51 cents. Bank of america will pay 9. 3 billion dollar to settlement with fannie mae and freddie mac over mortgage losses and stock tumble on worries about russia as well as an options short play predicting a large down move in the s p by mid may. Stocks sold off along with gold as oil rose above 100. Lets say good morning to todd horwitz of average joe options, hello whats up angie. So tell me what happened to king digital and candy crush getting crushed in the market yesterday . We see these ipos and you look at the whole marketthey get so excited because everybodys trying to chase a place to make a quick buck. Candy crush is already crushed because it was overpriced to begin with. Unless they can come out with another game to back it right up, the stock is probably going to head a lot lower. I dont hold any hope for king digital. What do you think about gdp numbers coming out today . I think when you look at the numbers, theyre so artificially inflated
Allegedly missing red flags on Money Laundering involving drug trafficking. And gm ceo on capital hill. Mary barra reportedly has told lawmakers the car company could release an internal investigation and plans to compensate victims in the next few weeks. Lets check in now with a trader Todd Horowitz of the average joe options. Hello my friend, howre you doing . Whats up angie . Well lets talk about the treasuries to start with. Whats your treasury play . Weve heard so much fed speak this week. You know i think that youre seeing a big flight to quality, youre seeing a lot of buying in treasuries except yesterday a minor selloff, but for the amount that weve rallied you know the selloff yesterday was really very little. I think youre seeing a big flight to safety here, i think theres a big arbitrage of money actually coming out of the equity market even though it rallied into the treasury market. It has been a wild week for those equities so what are you doing with your money . Well im
The names of 28 people who will control the company will be discolsed in a filing. The e Commerce Company out of china will likely become one of the largest tech ipos to date. And, not so fast one day after reaching a record close tuesday, the s p trades to a new high wednesday. But then pulls back to end the session down 2 points. The dow also in the red trading 43 points lower, the nasdaq lost 12 points. Gold contiues to melt down. This time by 7 and oil drop 1. 15. Trader Todd Horowitz of average joe options joins us for a look at the trading day. Good morning to you, i have to start with that treasury topple. What is the word from the Trading Floor, todd . Good morning, angie. Well ill tell you what were seeing it depends on who you talk to. If you talk to the bulls, all youre seeing is an arbitrage selling for indebted high prices and buying american debt. If youre a bear, youre saying that somethings got to give, the bonds, the Interest Rates are going to low, bond futures are go
Record. The blue chips rallied 129 points, the nasdaq fell 8 , as the s p gained 7, gold moved up 10 dollars. And oil up 1. 45. Oil price fixing allegations are coming from 4 traders, they reportedly filed a lawsuit claiming Oil Companies and trading firms fixed Brent Crude Oil prices. Company reps declined commenting. And, its the end for blockbusters retail and Mail Order Services in january. Franchises, licensed stores and streaming services will continue. Blockbuster has struggled to compete against red box and netflix. Todd horwitz of average joe options joins us now and we want to talk about that record run in the stock market with you, but i know youre a doomer and gloomer so are you buying into this rally . Good morning angie, you know if i could sing i would sing up and away my beautiful balloon because i think this is a bubble and if we take a look at the russell the russell let us up and the russell was down quite a bit yesterday. So what does was that mean . Well you know t