Jm morgan victim to one of the largest Cyber Security hacks ever. 76 million households and 7 million businesses affected. New clashes in hong kong as protests take a violent turn. Counterprotests storming the heart of the sitin. Bob iger till the middle of 2016. Disney extends his contract. September nonfarm payrolls jumping 248,000, above forecast of 215,000. Private sector added 236,000 jobs. August payrolls revised upward. Unemployment rate down 0. 2 to that sixyear low of 5. 9 . Labor force Participation Rate did fall slightly. Earnings were a goose egg. If youre looking to quibble here, might be service is made up of almost everything. Hard to find highpaying manufacturing jobs. I think this number did one thing which said those who think that the economy peaked over the summer in employment are wrong. I think that is really important. That had become a consensus of late given the fact that the last employment number was so bad, and given the fact we hear about peak oil. Youve go
2. 02 . Alas, i think todays selloff is the real deal, unlike yesterdays rally which was triggered by positive Federal Reserve minutes, todays selloff was based on real weakness in the global economy, worries like ebola, and the averages are still higher than when the year began and thats looking less and less logical. As the slowdown manifests itself. [ beeping ] before it gets started on the wacky nature of a market that goes up or down 300 points on a whim, let me just say pointblank that we are indeed in a treacherous market. We live in america, our companies are doing relatively well, but the definition of treachery in a stock market terms is when the simple facts mean nothing to the sellers. When one strand of weakness can frighten investors more than all of the good strands that are out there, its pure treachery and thats whats going on right now in the field of battle. Take alcoa, right . Heres a company that delivered on every lineitem when it reported yesterday. I know this c
The skies over capitol hill. Whats going on there is landing like a led balloon on wall street. If youre losing money the last four days, you know who it is. Senate majority leader harry reid says the u. S. Is probably going over the fiscal cliff. Hes planning a news conference. We dont have the exact time. When it goes, well go there. Investors getting quite nervous. Obviously the dow dropping below 13,000. The First Time Since early december. Fear index is spiking the vick. What going over the cliff will mean for you and your money. We will talk about it this hour. Airline stocks flying high sitting at 1 1 2 year highs. Will it be smooth skies for the industry next year in 2013. Phil lebeau has the report. How about housing . What a story housing has been this year. A milestone. Home prices on track for their first yearoveryear gain since 2006. Is the worst finally over . Some say yes, others say no. What does Michelle Carusocabrera say. Tyler, lets drill down to the numbers you were
What did the bankers know, when did they know it and what is their responsibility and liability. And a closer look at the unespecialun especial employment picture, looking at what may become a crisis. Millions of americans lose the extended benefits but millions more are expected to be impacted this year. By the loss of the benefits. Do the jobs these workers need even exist . First, lets check in with sue at the new york stock exchange. We have a lot going on today in power lunch. If youre just tuning in, lets get you up to date on the markets. The Dow Jones Industrial average down 43 points at 16,426 and change. The s p 500 and nasdaq down 20 points, the biggest percentage downsized index right now. As for the gold market, after a volatile week last week, were up two bucks. Most of the metals markets hanging flat right now. In terms of Interest Rates, after bumping up against 3 last week, the ten year right now was traded last on the yield 2. 95 and brent crude last traded on the ups
With just 18 days left for congress to make a deal, investors are taking speaker boehners words to heart. Dow jones industrials off of the session down 82point but you can see the bulls have the edge early on. Blue chips posting modest gains around 11 30 a. M. Eastern the speaker got up front of the cameras and suddenly vanished, the rest was history. One name defined the laws of gravity. Solar city, soaring up 1. 5 today. This after a price cut and a oneday delay. They completed the ipo selling more than 11 million shares at 8 a pop. Half of the expected range. We have both the chairman and ceo, actually cousins, coming up in the next hour. What they have to say. They did not put it off, you can see the big move. Zero plate to quality, the gold brick falling off of mount everest. The market is not looking good either. Traders. Okay. We could really pinpoint this to Speaker John Boehner speaking at 11 30 a. M. And the traders must have believed there isnt a deal and this is not baked i