The dow is ending october with a whimper. Index, little change today, up 16 points now. Nike, the big drag, chevron, the only dow name up more than 1 . Thats despite a big move lower for oil, crude hitting session loew lows. We want to call your attention to brocade, that stock spiking on reports the company may be putting itself up for sale, digging in on this and bringing you more as it develops. Tyler. Welcome back. Im tyler mathisen. Welcome. Here is what else is happening at this hour. U. S. Consumers picking up their spending in september, due in part to Strong Demand for vehicles. Speaking of vehicles, fire crews investigating a blaze that broke out at fords World Headquarters in deerborn, michigan, earlier today. No one was injured, thankfully, there. Cleanup crews working feverishly now in central italy following sundays magnitude 6. 6 earthquake. Several quakes hitting italy in recent months. Justice Department Getting a warrant to review newly discovered emails related to Hi
We had a dip in the major averages, but they have since come back. The s p has in leading gains. The dow and nasdaq and that, each up by about. 5 . We have a lot of anticipation for tomorrow when we will hear from the ecb. At the bull market and go back in time. March 9 2009 as the date it was born in weve seen almost 200 appreciation in the s p 500 with some hiccups to be sure as of late. What is notable about the bull call it theople most hated bull market, it is also a long bull market compared with past once. This shows the s p 500 and here is the bull market. Here are the fund flows. 2012, we beginning of have seen outflows at a time when talks have been climbing, so theres a disbelief all the way along that the bull market would continue and yet somehow it has. Scarlet the most hated bull market. Thats the most appropriate title. Lets talk about commodities because we got a fairly bullish inventory report. Julie on the face it didnt look alleged a week over week, it dropped becau
9, 2009. Alix i have no idea. Florida on a beach on vacation. I remember watching tv. Scarlet eight of 10 groups finished higher with Energy Leading the advance. The laggard was telecom. A quiet day, kind of like yesterday. At one point, we were higher and we eked out a decent gain. Chesapeake was the best performer in the s p. Chesapeake is weighing the sale of some of its assets. Its where a lot of people are going for undiscovered shale, selling assets to pay for debt. It is a positive for the stock. Joe something i have had my eye on is that wild japanese market. A yield on a 20 year bond jumping up its off a really low level. It shows how wild the market has become. Is it supposed to be that volatile . Scarlet speaking of low borrowing costs a surprise out of new zealand the key we getting crushed after the new zealand bank unexpectedly cut Interest Rates. The reason is it was concerned by a drop in expectations. Speaking of commonwealth countries, the loonie climbed to a sevenmon
Manufacturing is not the largest portion of the u. S. Economy, but we know it is a portion that has been waning as the services portion has been taking resident president precedent. We see the nasdaq slipping into the red. Major averages coming off the highs where they were when we initially opened up. The highs that we saw in the futures overnight, the dow and the S P Still Holding on to gain. We have also Seen Movement in oil prices. You can see oil taking a sharp leg downwards. There were not any headlines that seemed to be the catalyst. Certainly a drop in manufacturing would not be good for oil prices and we tend to see oil and stocks tracking together. Stocks coming down after we saw, oil to this leg downward. I want to look at the other assets we are watching. Gold prices have been on a run, up 1 up half of 1 . Investors have trimmed their interest in gold just a bit. This is the price of gold and this is the net long in gold funds. We have had inflows going back to earlier, thi
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