Prosecutors allege the firm engaged in widespread Insider Trading. Founder steve cohen was not charged in the criminal case. David we have former sec chairman harvey pitt coming in on that subject. Meanwhile douche goods orders rose 4. 2 in june. In is the Third Straight month of gains. It was driven by transportation orders which spiked 12point . Liz glaxosmithkline agreed to pay 293 million to settle lawsuits with states that accused of deceptive marketing. David u. S. Prosecutors charging six foreigners of hacking with cost allegedly u. S. And European Companies 340 million in losses. Alleged victims were citigroup, jcpenney and jetblue. This was the biggest cyber fraud case filed in u. S. History. We have a lot of action including amazon earnings in just a moment. After the bell starting right now. David lets get right to todays action. We have mark tepper, strategic well parters in and ceo and founder with three companies he said you should get in on. Larry shover joining us now f
David now with regard to the Federal Reserve board he did agree with the questioner, our old buddy major garrett, who asked, is this one. Important economic decisions you will make . Even in fact emphasized it harder. The president says this is probably the most important economic decision i have to make as the rest of my term as president. The big question whether it will be janet yellen, Larry Summers or somebody else didnt give a hint about that. He seemed to emphasize the need for more qe. That is how i took it. I was looking at the market by the way when he was talking about the fed, the market didnt react one way or the other to what he was saying. Did you sense one way or the other that he was supporting a position the fed was making . The one thing he wanted to do was address comments that he made last week behind closed doors to democrats who dont like Larry Summers. You know, who was his former economic advisor, the director of the National Economic council. And that defense
We have emergency officials from the Fire Department telling people to leave. It is in evacuation zone after all. Obviously, it is closed today. Sandbags outside. Lots of tourist there incidentally taking pictures. Getting a little more than they bargained for with their trip to new york. There are a few shops open. Down here in battery park, you cannot even find a starbucks or mcdonalds that is open much less one of the local dailies. They are all closed up. It will be a large impact. I heard from the president of bliss at the spot, i am sure you know it well, melissa, it is really unfortunate that they had to close. This things always seem to happen at the end of the month. What would they rather do than go to the spa, but unfortunately, he could not get his workers in. So many of these places are closing down, including the restaurant we are standing in the backyard of, really. We did have water coming almost all the way up earlier at high tide around 9 00 a. M. This morning. Rain i
David social networking has been beaten down for quite a few months now, but today was a great day for zynga, up 9 , group one doing well and facebook. All doing well. Nicole a lot of that comes from the unexpected quarterly profits. Liz another volatile name. Nicole up 6 pulling back with positive comments. You have had the ceo on a number of times. David we are listening to the bells ringing on wall street. Kind of a mixed day on wall street. The dow managed to come into the green, the s p exactly the same percentage point at least for now. The nasdaq unable to hold onto any kind of games although down just a tick, the russell 2000 actually the best gainer of all. Liz ending in the green for the s p and the dow, a big fight back certainly. One of the bright spots today, the best performers getting a lift from earnings from ralph lauren, time warner among the best gainers. Ralph lauren the best performer on the s p. David commodities that deal with things that we make and rebuild. A b
Ashley good afternoon, everybody. I am ashley webster. Tracy and i am tracy byrnes. Possibly just right to keep the fed stimulating the economy. Ashley could it hit 15,000 by the end of the month . Heritage capital president says yes. Tracy jobs not the only Major Economic reports today. The crop report just out. We are live from the pith of the cme with reaction. Ashley plus, there is a new sheriff in town. Oklahoma City Attorney general. Finding out why he thinks doddfrank reform is unfairly attacking banks. Tracy that was on bugs bunny once, wasnt it bush or mark. Ashley the sheriff in town . Tracy Nicole Petallides on the floor of the stock exchange. Nicole be surpassed them and not giving it back. We are up again today. We are setting alltime highs. The nasdaq and s p with of arrows. You can see that the dow is on track to have its fourth straight alltime record close. You can keep crossing out those prior numbers. There is a look at a oneweek chart. The dow and s p each gaining m