High. And the s p 500 is about 20 points away from a record close. Gold and oil also rallied. The feds stess tests on banks shows Ally Financial was the only firm that might not be able to withstand a deep recession. The other 17 banks passed. Goldman sachs and Morgan Stanely were near the bottom. Pandora is still in tune with wall street. The Company Reported a 14million loss after the close, but sales are up 54 , and the ceo is stepping down. The stock rallied 19 last night. There is the sound of the bell, and larry shover of sfg alternatives is ready to get the day going. What is your prediction, larry, on todays jobs numbers . Right now i am expecting 7. 9 , unchanged on unemployment rate. About 163,000 adds to that number. What do you make of the Bank Stress Test . Well, the stress test basically came out as expected, nothing really beat the surface that caused any kind of angst to anybody, especially because the Market Action we saw yesterday, nobody really seemed to be very surp
Welcome to worldwide exchange. Ross is away. Im kelly echs. These are your headlines from around the world. A sharp selloff in europe follows with asia falling lower. Pmi data out of france and germany shows private sector activity slowing more than expected. The Chinese Market is hit the hardest as fears of the crackon and pbocs trading funds show concerns over trading privacy. The Insurance Industry improving and Insurance Agency reed sees a 60 rise in earnings. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to the program this morning. Before i bring you these numbers right away, eurozone flash, pmi services estimated coming in well below expectations at 47 versus 49 expected, this all for the month of february. These pmi surveys are one of the earliest reads we get for activity across the eurozone. Many hopes for activity bottoming out in the quarter potentially thrown a bit of a blow given these numbers are quite weaker. The
The fact that the payroll tax going up would hit walmart. An internal memo was leaked on bloomberg. They said this is the worst february they have seen in seven years. They talked about the fact it was terrible. It was a disaster. Comps will be rough for walmart. Just as i was adapting to a new blackberry i got because i lost one over the weekend i got news blackberry was down again. Cant get its footing. The cofounder was selling all his shares. Yesterday it was higher. Now lower in a big way. [closing bell rings] down over 6 . Liz listen to the bells. Always nice to see that on a friday. See one of the members of the military standing there and proudly before the american flag. Where is your money . Here it is. Dow jones industrials manages a gain, david, check it out up nearly three points. We dont know how these will settle. At the moment that was hardfought. Looks like in the last 25 second it is happened. Were watching that closely. S p 500 down just about two points after two mo
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