Currency pits as the u. S. Dollar weakened on optimism over greek and chinese data. The move cement the euro to a sent the euro to a six week high. David lets talk copper for the moment, of course, thats really tied into world growth. It climb today a six week high. This is on signs that there may be some more demand coming for the metal from china and the u. S. As well. As both of our economies begin to churn a little more than expected. The top two copperconsuming countries. And following auto sales today, a number of derivatives plays hitting 52week highs. Cooper tire and rubber, genuine parts and carmax taking a hit in todays session. David all right. And we told you about that breaking news on jpmorgan whale trader, a 5 billion loss for the company. The senate has been investigating. Peter barnes with the latest on that investigation. Peter . Reporter well, thats right, david. The senate, a Senate Investigation subcommittee has questioned more than 80 people in its probe of 5. 8 b
Republicans say they have coopt these details from a plant bernsen bowls offered last year. In this letter to the president , Republican Leaders right this is by no means an adequate longterm solution. It will require fundamental entitlement reform. Indeed, though both plant is the exact type of imperfect, but fair one without hurting our economy and creating jobs. Today, the white house has demanded an offer from republicans. They now have one. Back to you. Llri rich edson, and he thinks. The market is taking a breather today. Dupont and 3m are the biggest draggers on the dow. Early stocks rising out of the gate out of some good news out of china over the night. Hitting a seven month high, but then the u. S. Isf number hit at 10 00 a. M. Eastern and a wave of selling. Manufacturing activity contracted in november. They say the factory index came in at 49. 5 in november. Down from almost 52 and october. Keep in mind, any number below 50 means contraction. Above 50 equals expansion. Inv
Economic data, down just a little bit in the red today, down 22 points 37 yeah, it is the first trading day of the new month. December, a strong month historically for the stocks, but theres a push and pull going on between Market Forces and the Economic Data, and were in the red across the board, relatively flat this monday morning. The data, u. S. Manufacturing activity last month lowest level since the summer of 2009, but then we got a Construction Spending report that was good. In october, it rose by the largest amounts in five months, and then we got auto sales throughout the morning, and while they were decent, gm, toyota, and chrysler missed novembers estimates, but ford beat them. Thats the data and push and pull among the markets, back to you. Lauren, thanks so much. 12995 where it ends, nobody knows. Take a gamble. Talks in a standstill, Timothy Geithner blaming republicans saying they have to raise taxes in order to avoid going over the cliff. Rich edson in washington with t
Itll be interesting for black friday, cyber monday and heading into the Holiday Season to watch to get the idea of how the consumers are feeling for the holidays. The dollar is lower, commodities are higher. Transports giving it a go, getting ready for planes, trains and automobiles. Back to you. Melissa thank you so much. Gas prices continue to drop, but it is not all good news. Prices at the pump are the highest they have ever been on a given day. Sandra smith in the pits of the cme with more on todays trade. Oil reacting to the news of the ceasefire between israel and hamas, first of all. Sandra it certainly is. Not really sustaining the selloff. Currently down 0. 24, still a little bit of a selloff but nonetheless prices have been coming down into thanksgiving weekend. A lot of drivers hitting the road, 34 million of them writing. Obviously the ceasefire has an Immediate Impact on prices going down, but a lot of you say oil and gas will be going higher the rest of the year. We have
Energy names, these are hitting 52week lows. All on the downside. David we have been focusing so much on apple because of the dramatic fall the last couple of weeks. Lets look overall at nasdaq falling into correction territory six weeks in a row. The longest losing streak in four and a half years but at the end of the day pulling into the green and that is good news for monday. Liz our viewers cannot afford to miss. David carter, one of the most sought after mentor for ceos in the world will be here in the studio sharing five tips he gives for big bucks to become the best you can be. The kind of stuff that rockets people and companies to great success. He will help you guide yourself to that. David turning many people into multimillionaires. Virgin america ceo will be here to discuss the growing operating profits and tell us why theyre ordering new jets. You will not want to miss what he has to say. Liz depending on what youre looking at, stocks struggled for direction today, crossing