Rest of the stock market. With the nasdaq adding on 11 points the s p 6 gold dropped by 5 dollars. And oil is trading back bellow 100 per barrel. In earnings after hours. It was a big night for weight watchers. The stock pumped up 13 as the Company Reported a slim down in earnings, but the outlook was better than expected. And la clipper chippers. Media mogul Oprah Winfery and oracle Ceo Larry Ellison are on the list of potential buyers in the Los Angeles Clippers in the wake of the teams ownern Donald Sterling being banned from the nba for life following racist remarks. Here we go with trader bob iaccino, chief market strategist, at tethys partners. Good morning. Lets talk about market reaction. Lets. The stock market is reacting already to the fed and gdp. Now today we have the ism number coming into the market. What do you anticipate . I think well be looking very closely at the jobs number. Yesterday at the close of the fed meeting, you saw very little reaction and very little chan
Dollar plunge. Oil remained unchanged. Yahoo shares gained nearly 3 on plans for 5 billion stock buy back. Green mountain stock percolated in heavy trading last nighton earnings that spilled beyond estimates but the outlook was murky. And, the tribune has a plan on the table to cut 700 newspaper jobs. Mark sebastian of swan Wealth Advisors joins us now for a look at the trading day. Good morning mark. A lot of people are still buzzing about those fomc minutes that were released yesterday. I think a lot of people were expecting the talk to be march or april of next year. The talk was we can taper whatever we want. We can taper up or we can taper down. They can adjust their Bond Buying Program at their own will and i think that caught people off guard. Thats why we saw the s ps give up their gains yesterday. What about the retail numbers that are coming in and were starting to close in on the holiday season. Its been interesting. A lot of the names that have been consistently great conti
Warning that moscow is on a dark path to isolation soften the markets growth . Russian troops seized ukraines naval headquarters. One more notch up on the tension scale. Traders are watching,but it was what the fed did that drove them to sell. The main indexes closed down. They lost between 23rds and 3 quarters of a percent. Gold closed down again. Oil was up 58 cents. America continues to buy more and borrow more from the rest of the world, than other countries do from us, but as of late, not so much. The government reports the gap has shrunk now to a 14 year low. And, folks, claim your cash. The irs says it has 760 Million Dollars in unclaimed refunds from the 2010 tax year. That money is owed to nearly a Million People out there. But you gotta get moving. After april 15th, the irs gets to keep it. All those years of greenspan, bernanke, and now a Glass Ceiling breaker leading a News Conference for the fed. Lets talk with todd horwitz of average joe option. Com. I wonder if shes stil
Stock split and that it would greatly increase its stock buyback plan. Its shares took off in after hours trading. But not so for the overall market. A setback in ukraine negative Economic Data set off a slight selloff yesterday for the first time this week the main indexes were all down. For the 1st time in 4 trading sessions gold closed higher by 4 dollars. Oil slipped 31 cents. In photo ops and meetings president obama is making the rounds in south east asia. For the past two days hes been in japan. He wants to reassure the japanese the us is committed to to protecting their economic and National Security interests. In the course of the next week he will also visit south korea, malaysia and the phillipines. And a small side bar item. Its take your kids to work day, so take them along and show em what you do all day when youre away from home. Our trader today is phillip streible,he s with rjo futures. Let me talk commodities. Thats your specialty after all. Wasnt oil just 104 a barre
October 25th. Im angela miles. In todays first look apple comes out with earnings after the close. The stock rallied 3 dollars yesterday, but has fallen far from the 705 peak it hit back in september. The Federal Reserve is sticking to its economic stimulus and will keep Interest Rates through 2015. The fed says job growth is slow, but housing is rebounding. The fed meets again in december. A very red day, with a selloff in stocks, gold and oil. Its the 5th session in a row oil has declined. A warning from best buy sent shares tumbling 7 . The retailer warned earnings will fall siginigicantly short and a management shakeup is underway. And could it be game on for zynga . Shares rallied 15 on word the social Gaming Company plans a 200 million stock buyback and has a deal to take its online poker game to the uk for real money. Now for some thoughts on what todays trading session could look like, larry shover of sfg joins us now. Good to have you on the show. Will we see some fallout perh