One in five americans never expect to get out of debt. How can you keep your money issues from spiraling out of control . Mo tonight on nightly Business Report for thursday, december 11th. Good evening, everyone and welcome. Stocks sprinted out of the gate this morning spurred by good news about jobs, the dip in oil prices and better than expected retail sales for november but then, like a horse that ran the first furlongs too fast, the market slowed. Though it did cross the finish line with modest gains. After being up as much as 225 points, the dow finished 63 points higher on the day. Nasdaq added 24 and the s p was up 9. Oil moved lower again. Domestic crude fell another dollar closing below 60 a barrel for the first time in 5. 5 years. Foreign brent crude fell half a buck finishing at 64. 24 a barrel. After that pickup in spending last month, retail sales rose 7 10 of 1 , nearly double forecast led by autos, clothing and electronics. Jobless claims fell by 3,000 last week, so what
Major talk of parents, to respect policemen when Police Stopped them. I think it is very necessary for us to talk about parents while we talk about police. [indiscernible] host willy bringing up what we heard from the last couple of viewers, that there is a societal role here as well. If you want to look at more at the Marshall Projects work, you can go to the marshallproject. Org. You can follow them on twitter. Simone weichselbaum is a staff writer for them. Thank you for talking to the viewers about your work. Appreciate your time this morning. Guest thanks for having me. Host that does it for todays washington journal. We are going to bring you now to the Labor Department. They have recently called for new Consumer Protections. Jeffrey science is a keynote speaker today Jeffrey Zients is a keynote speaker today. He will be talking about regulation of retirement Financial Advisors. Live coverage here on cspan. [captions Copyright National cable satellite corp. 2015] [captioning perf
Dollars in fines, in the last year. Now, the Financial Industry Regulatory Authority wants your opinion on this proposal. Speaking of being taken, scammers are targeting older americans. Victims 60 and older now account for more than a quarter of people filing complaints. More than double what it was five years ago. Hit the brakes. Better still, hit the kill switch. Regulators are weighing whether to offer firms on the New York Stock Exchange a kill switch to cut off trading in the event of highspeed trading errors. Farmers may switch from corn to soy. This years bumper crop of corn has contributed to the lowest price in three years. Lets get our day started with Lincoln Ellis of green square capital. Lincoln. What do you anticipate for the remainder of this holiday trading week . Well the worst of this week is going to be relatively quiet and that means probably positive news for equities. If you dont really have sellers out there the trend is up and its very much in tact. Was gdp rea
From the hill say a resolution for a budget deal looks optimistic in congress. A one trillion dollar omnibus spending bill could be released as soon as monday. The bill will need to be passed by the 16th of this month to avert a government shutdown. A fed farewell. Outgoing Federal Reserve chairman ben bernanke speaks today in philadelphia at the American Economic association. Bernanke will particpate in a q a in addition to his speech looking back on his time as fed head. And. The nation is rocked by an epic snow storm. Deemed winter storm hercules. The nearblizzard condtions continue across the country. With the majority of the snowfall today hitting the northeast. Mark sebastian of swan Wealth Advisors joins us now for some trader talk. Hi mark happy new year. Happy new year. Id like to ask you, were starting off this new year and the dow is down, gold is up. Whats going on . I think now that the fed has begun tapering, the market is to be much more economic report driven than its b
Top tech headlines. Apple is giving the retail chief more than 113,000 restricted worth about 68 million at todays price. To have counting on her the same success while leading burberry, where she more than doubled sales over her tenure. Percentposted a four rise in sales, but a drop in First Quarter profits. They added just 12,000 subscribers in the u. S. , but 361,000 in latin america. Be a target ofto dish and at t with a possible takeover, with the wave of consolidation the paytv business. Morgan stanley has been fined 5 million by the Financial Industry Regulatory Authority for sales practices involving ipos. That includes the ipos of 83 companies, including facebook and yelp. Morgan stanley did not distinguish it is policy between a science indication of interest and a conditional request to buy. First, to the lead story of the day shares of twitter are plunging as the lockout time expires today. About 480 million shares became eligible for sale, more than quadrupling the amount