One school of thought, that is when the biggest trades were happening. The other uncertainty on a debt deal, questions about Central Banks and whether they did a coordinated thing but no information on that but there is talk of the. We will talk with nymex traders we will get to the bottom of it in a moment. There was an avalanche of selling in the entire metals complex. Take a look at silver getting taken to the woodshed, down 3 giving gold nothing compared to the casino mentality in silver and platinum under pressure off by 2 but copper if we flip it over, copper bucking the down trend, it was up a few cents earlier, this is very much related to a healthy auto industry. Copper gets its ph. D. In economics and if the economy is moving one way or another like china you might see copper moving lower but for the moment it needs to be that one area that sees a little strength. In terms of the Broader Market lets look at stocks would fall as a classes covered for you. It is a mixed bag. Yo
And john boehner would take, they cant sell. If boehner insists on doing this with most of his caucus, im not sure the tea party is capable of reopening government. Has your strategy backfired big time . October 17th is a date that will not have a major impact. I would not be at all surprised to see us technically have a huge problem wednesday and thursday. U. S. Bond markets are closed tomorrow for columbus day. But stock markets are open. So buckle your seat belt. Okay, people. Deal or no deal . Time is running out before the government has no more money left to pay off its debts. And congress has just four days to avert a catastrophic default by raising the nations debt limit. You know what . While youre at it, guys, on capitol hill, you could just reopen the government, too. That would be awesome. Do we have a deal . Well, heres how republican senator bob corker described the situation this morning. Well, there was some movement a couple days ago. I think things are not moving now.
Witt. Heres whats happening right now. New this morning, house and Senate Members are set to meet in just hours as the government enters shutdown day 12. The president issued this new message of urgency this morning. I want you to remember this is not normal. Our government is closed for the first time in 17 years. A Political Party is risking default for the First Time Since the 1700s. This is not normal. And thats why we have to put a stop to it. Not only because its dangerous, but because it zaps everyones faith in our extraordinary system of selfgovernment. It comes after a whirlwind of activity on friday. President obama met with senators. And he spoke by phone with john boehner. He held Conference Calls with Business Leaders and met with a group of Small Business owners. During the president s meeting, Susan Collins proposed to raise the debt limit until the end of january and reopen the government. Millions of individuals eligible for subsidies to Purchase Health insurance under
Headlines oracle has reported its best this will quarter ever billiones of 9. 3 dollars and a 2. 6 billion profit. The competition from Cloud Computing Companies May have constrained sales and record results disappointed wall street, the stock selling off after hours. Oracles troubled hardware units fell by eight percent. Google has unveiled a new project for wearables with a focus on smart watches. They say they are partnering with a range of companies, including lg, samsung and fossil. The first smart watches will hit the market sometime later this year. The Washington Post is starting a new pilot row graham, giving subscribers of other newspapers full access to its website and mobile apps. This kicks off with six major newspapers signing on. Its a move by jeff as is to attract new digital traffic. First, weve got a special show for you today. Cory johnson is with me in the a partner atl as coastal ventures, celebrating one year as a venture capitalist. How is it going so far . Im in
Citizens of new zealand. In auckland, this is where theyre celebrating new years. The light just went down. All you hobbits out there, we wish you a very happy new year. Its coming our way a little later. There go the fireworks. Yeah, it is officially new years eve. 18 hours ahead of us. Happy 2013 to those folks just a few hours away from us. Good morning, everybody. Im becky quick along with Andrew Ross Sorkin. Joe kernen is joining us from washington, d. C. This morning along with john harwood. Joe, i know you have a huge lineup there. And i know you were up a little late last night, too, right . Yes, becky, very late. You and andrew, i hope you guys are ready for the heavy lifting. Can i ask you a question . Are they over the cliff in new zealand, do you know . Yeah, i guess thats it. The sequester would have gone into effect. No, thats probably only affecting us here, but that shows you how close it is. We are i guess something could happen at 11 00. Well see, beck. Andrew, good t