Taperthey decide to again, what kind of havoc can it read . A bloomberg exclusive, golden said meeting. The mullet, business up front and party in the back. After the bell, qualcomm, facebook, party on. Party apparently, facebook. We will speak to cory johnson today on the unique characteristics of yahoo s Earnings Report yesterday. Lets do a data check their it i want to get through this quickly because weve got an important chart. Futures continue to advance. , theentral banks blank markets like it. On to the next green screen, litmus paper. There is the argentinian peso as they spend money to protect the point 00. T it is cold in new york city this morning. 8. 00. Peso, argentina, two days ago, they 174 million to support the peso and they increased the amount to 800 million. Emotional target for the market right now. Locked in the newspaper this morning. We looked across the web. Here is scarlet fu with the front page. All over the front pages obviously was the state of the union.
Schatzker. Im Stephanie Ruhle, a cosco member actually. Are you . Im. I dont get there very often. Maybe i am not getting my 50 bucks worth. Our guest host for the hour, greg fleming, the president of Morgan Stanleys wealth and Investment Management businesses. No question we need to start with the markets. Clearly there was a lot of volatility last week. Yesterday seen aims seemed a little better but the dow today atdown 106, it was down 150 one point. This is volatility. What does it say to you . One thing i will say is in the Fourth Quarter in particular in 2013, really throughout the year, it was a very strong year in equity markets and volatility was down significantly from 2012, down from 2011. 2013 was a very benign year. May be abnormally benign. There are a few things on the horizon, including the fed and taper and topics we will talk more about. And markets are a little more antsy. When you look at a morning like today, specifically why did features turn as negative as they d
Economy with a specific goal of achieving a substantial improvement in the outlook for the labor market in a context of price stability. Stocks didnt react much to his comments. Trading in a narrow range. But this is probably exactly what the chairman had been hoping for. He stressed volatility has come down in the markets as heny th the markets have gotten a better understanding of what it needs to do. The futures at this point are indicated up for the dow futures and s p futures. Dow futures up by 33 points. S p futures up by 1. 25 points. Nasdaq futures indicated down by half a point. Beyond bernanke, few other events of note. Weekly jobless claims, the philly fed survey and leading economic indicators. And we have Quarterly Results from Morgan Stanley, United Health, verizon and black rock among many others before the bell. It will be keeping us busy this morning. Beyond bernanke. In earnings news beyond bernanke. Were beyond the birthday. Yes, we are. I would have gone with 21, by
Countdown to the counterdown. Large and in charge, the bulls have taken the dow to a series of record highs, four in just the last week. Does that mean dow 15,000 is just around the corner . Famed wharton finance professor jeremy segal lays out his dow targets for 2013 and beyond. Is oil about to become an oily mess . Why one chart watcher says oil is about to be dead money, plus his contrarian call on gold. And jcpenney stripped in billions of market caps as the stock plunges in to fouryear lows. A ratings rumble on jcpenney. Countdown to the closing bell starts right now. Liz good afternoon, everybody, im liz claman on monday, its the last hour of trading. Money just keeps pouring into the blue chips but, okay, ill be the one to ask, are we getting set up for a stock bubble to pop, or does this thing just keep charging through record after record . Today the dow is on track to hit its fifth record in a row. Right now weve got it up about 37 points, high this session about 45 points.