Lifted the dow up up 55, nasdaq 26 and s p 5 points. Gold sold off 12 dollars and oil ended up small change. Investors jump on nike. The stock made a 6 leap after hours in heavy trading volume. Nike easily beat earnings forecasts. Blackberry cancelled its Earnings Conference Call for today. Because of the sale of the company to fairfax financial holdings. The Company Issued an early peak last week that shows its losing money due to underwhelming sales of the blackberry z10. And google turns 15 today. Chris gersch of altimus capital joins us on this friday morning for a look at the trading day. Good morning chris. The rally yesterday felt an awful lot like window dressing to me. What do you think . Good morning angie i think youre right. It is window dressing. I think those shorts were just taking some profits. It looked like it was gonna be a little bit more with it rallying really strongly at the beginning of the day but a series of lower highs and lower lowsjust of a bit of a rally o
Cars. Under fire Albuquerque Police departments investigation. We talk to former new mexico governor gary johnson. Border blessings Roman Catholic leaders celebrate mass at the offense separating United States and mexico. We begin with the breaking news out of chile. An 8. 2 magnitude earthquake triggered the evacuation of half a Million People. Entire towns packed up and moved into the mountains because of tsunami warnings in effect for the next six hours. The earthquake hit 6 46 local time after the navy reported tsunami activity with waves of 6 feet high. Tsunami warnings and watchers are in effect for the Pacific Coast of south america and central america. Those are live pictures we are looking at. Airports in the cities of antoforgoska, ar. Ka and akika are off and planes grounded. Nine aftershocks have been recorded greater than magnitude five. Jacob ward, science and Technology Correspondent and pat abbott, Professor Emeritus of geelongy. We have been listening to television in
I am serious. Everyone is talking about the changing times on wall street. Goldman sachs looking to sell its New York Stock Exchange Market Making unit. Dutch Investment Firm imc Financial Markets is in talks to buy the business. Goldman bought the operations into thousands as part of a purchase. 5. 4 billion dollars, goldman paid for that trading unit in 2000. Goldman is now selling it for as much as 30 million. Do you get that . Five point 4 billion, 30 million. To be fair, goldman made money off that investment over the last 14 years. Earning over those 14 years, at that price you are looking at a 99. 4 longterm capital loss. This points to a bigger story, this is what the New York Stock Exchange floor looks like today. There are humans, but there are a lot more computers. It was not always this way. This is back in the 1920s. Almost one hundred years ago, that is old school. Fastforward to the 1950s, kind of new school. Today there are more than. 5 million miles of telephone wires
Bloomberg exclusive. Innovating the road race. I am serious. Everyone is talking about the changing times on wall street. Goldman sachs looking to sell its New York Stock Exchange Market Making unit. Such Investment Firm imc Financial Markets is in talks to buy the business. Bought the operations into thousands as part of a purchase. 5. 4 billion dollars, goldman paid for that trading unit in 2000. Goldman is now selling it for as much as 30 million. Do you get that . Five point 4 billion, 30 million. To be fair, goldman made money off that investment over the last 14 years. Earning over those 14 years, at that price you are looking at a 99. 4 longterm capital loss. This points to a bigger story, this is what the New York Stock Exchange floor looks like today. There are humans, but there are a lot more computers. It was not always this way. This is back in the 1920s. Almost one hundred years ago, that is old school. Fastforward to the 1950s, kind of new school. Today there are more tha
Switch. If you had a heavy key chain like my mom key chair or if you had if you were short and bumped up against the ignition with your knee, it could cause this key to switch right off. Mr. Chairman, we now know that these switches were defective from the start. In february of 2002, gms ignition switch supplier dell if i informed the company that the switch did not meet gms minimum specifications. But gm approved it anyway. Now, yesterday we sent ms. Barra a letter about this decision. I would like to make it a part of the hearing record. Without objection. Soon after the approval, the cars were on the road and it didnt take long for problems to appear. In 2003, june 2003, the owner of a saturn ion with 3,474 miles on the odometer made a warranty report that he or she, quote, bumped the key and the car shut off. Gm would receive more than 130 similar warranty claims of owners about this problem over the next decade and never informed the public or reported the problem to federal safet