With the current advertising blitz you would think great deals adown and good deals are long overdue. The average american shells out nearly 140 a month on their wireless service. That translates into an eyepopping 1700 a year. At t an tmobile are the latest carriers to announce deals for consumers but are these deals really deals. Joining me now, the cofounder and chief operating officer for dinah link communications. Welcome back. Good to see you. So friday and saturday we had two deals announced. One of them saturday, at t will cut 15 bucks off the two gigabyte plan but really not a lot. At end of day were paying more and more and more. Its a great plan and you are saving money but technically netnet, youre paying more. Youre paying less per gig for data but you need the data now because our whole lives in the tech ecosystem are using data. While technically the rates are lower, your bill is more because youre using data. Gerri take a look at it, what it means on the national level.
Cme. Where are you seeing action the most . Obviously were seeing the Broader Market come off quite a bit here. It is very dangerous for this market to trade off of headlines coming out of the region. We had one majorly conflicting story out of the region today. I think trading off of that can be very dangerous. As a trader i want to focus on price action and overall. Stocks tied to russia falling off the most. Rsx, russian equity etf traded here in the u. S. Were today seeing something very interesting in this name. All last week we saw puts outtrade calls pretty much every day as investors got more and more bearish the fund going into the weekend. Niece comes out over the weekend and today the script has flipped a little bit. Weve seen calls outtrade puts in opening hours. Day. The stock opened down 9 . It has come off the lows. Some of the biggest orders to hit the tape today are sales of march 21 puts, almost 20,000 times sold this morning 40 cents, indicating traders believe there
Hilary kramer. Jeremy hill. And our very own tracy byrnes. What do you make of the market today . Were coming back. People are still flocking into the equities market. This is really great, at least for this coming quarter until september 30th well see market continue to rise, melissa. Melissa jeremy, pretty serious worries out of portugal this morning. We waved them off. It could be a canary in thees of canaries in coal mines in europe right now. I dont think this will devolve anything that is contagion specific here. You have to realize european banks are weak. They continue to be weak asset sheets and continue to give loans to companies that are also weak. This is obvious. Melissa that is something we should be concerned about though . Were only momentarily concerned about it . Tracy, what do you think . Reality were up 6 in six weeks and looking for reason to pull back and i think that is what were doing. Investors were chomping at the bit to find any negative news. Chomped on to p
More than half the districts, a trend confirmed by the Car Companies themselves in reports yesterday. On jobs, the beige book says, quote, labor Market Conditions generally strengthened in the latest reporting period with hiring activity steady to stronger across most of the country. The beige book says 2 3 of the districts reported rising loan demand. Melissa . Dierdre thank you so much for that, peter. Were watching the market right now, basically steady as we got the beige book it is up 15 points here on the dow. Here fox businesss Charlie Gasparino. We have Hilary Kramer from ag capital and dominic tavella. Guys, anything jump out at you from what you just heard . More of the same. If youre an investor that is good i think. That means the fed will keep the current pace of tapering and not speed up its tapering in any way which is good for the markets. Melissa hillary, they were pretty positive, pretty positive. This is exactly what the fed needs to be able to end tapering in decemb
250,000 a year in social security. It will not be part of the fiscal cliff. So we are going to talk about the compromise. We have a congress and to talk about this with us. And you for having me cheryl or a little bill . We were waiting and hoping to compromise with its administration. But they they would just never come to the table. These democrats want to continue spending on social programs, republicans dont want tax cuts to be touched. You think we can have compromise from both sides on each of these issues . The rhetoric that we are hearing on a Television Screen is pretty negative. He did say that we want and the republicans will reach out to less. Cheryl after the last election, the november election, it was a referendum on many republicans. Some of them walked away and said, okay, we did not get the senate back, we are moving forward. Our republican candidates did not win the presidency were many officers. People were looking round the waist deep in seeing a lot of their frien