Lets look forward and talk about the game plan for next week. This business isnt about the past. Its about the future. Now, we start off next week worried. Worried about the rest of the world. We could be concerned with just our own country. But the rest of the world. The numbers out of europe and china are okay. I hope that can change monday. The pmi is coming over the weekend. Along with eurozone manufacturing pmi. Why is that so important . Give the main Portfolio Managers looking for a resurgence of International Industrial that is are based in the u. S. The profit taking in this has been down right horrendous. Maybe strong numbers from europe and china over the weekend could allow for a nice oversold rally. One that may have started the last half hour of trading today but gave up the ghost in the last ten minutes. We hope it see more news on chatter that sprint maybe preparing a bid for tmobile. Like them both. Something my friend david faber said could be in the works many times
The stock market is telling us to be ready. We had our fifth straight decline today. Dow seeking 68 points, nasdaq declining. 12 . We know thats because theres been too much good data lately. It should be that, no, good data. Because we are in a good news is bad news environment. This is good news moves Interest Rates higher. Whether the fed likes it or not remember, the fed wants rates down as more jobs can be created. But at a certain point, you have to ask, arent more jobs being created . The fed stops trying to keep Interest Rates down or stops being able to. Its a fore gone conclusion the whole stock market will decline regardless of what the fed says or does. Thats been the case before even as the last late runup t. St going to be the case again. Im not debating that. There are tons of reasons why stocks could. We know riskfree bonds that generate returns of 3 on the tenyear treasury and 4 on the 30year treasury. A prediction of where well go on the employment number. Will, indee
Senate house negotiators dealing with a package that would fund the government through the fall of 2015. Costco shares are lower in the market after expectations missed. Mastercard boosting its dividend. First up, the latest aca enrollment numbers are out. Lets go to Bertha Coombs. Reporter good morning, carl. More than a quarter of Million People nationally signed up for National Health insurance plans through the exchanges in november, that according to the latest data from the obama administration, that brings the total to 365,000 for the first two months of open enrollment. As the administration was making fixes on the site, enrollment ramped up with more than 110,000 people signing up for coverage last month, more than four times the number of people able to make it through the system online in october. Number of key states operating on the federal exchange are accelerating, but not hugely. More than 18,000 in florida, up from 3,500 in october. In texas, the numbers are still low
Also get a pros take. Bob olstein will join us live and exclusively in a couple of minutes. A list of predictions for 2014, and naming stocks that are his best value plays. Also, get this. Jpmorgan has been fined 2 billion for not figuring out that Bernie Madoff was a fraud. 2 billion. Wasnt that the governments job . Why is a private bank facing consequences for allegedly turning a blind eye and not government officials who were asleep at the wheel, obviously, at that time, during the decades of deception . Closing bell is getting into that a little bit later in the program today. Stick around. In the markets, take a look at whats happening. Diversion across major indexes. Dow is negative. Less so than session lows about noontime. Nasdaq is positive helped by twitter, tesla. S p 500 up about seven points sorry. That was the nasdaq. That would be up a bit. Im sorry. Now down about one point. Twitter. While i was gone, it went to 55 a share. This is true. That is unbelievable. Lets talk
Minimum wage as it is. This would have major impact on restaurants including how much they charge for food. To discuss it, fat burger ceo, andy. I was eating some of your french fries in the break. What would it mean for the your business . You have a lot of fat burgers in california. Do you have one in San Francisco . Were about to open in the bay area next couple months. Heres the deal. Everyone wants more benefits for their employees and want to see restaurant workers have a better lifestyle like anyone else but theres a cost to it. Someone will have to pay for it. We need to realize that. We pay restaurant employees already above minimum wage because we dont want them jumping from one job to another. Costs so much to train them but there is cost. That is really a problem people need to recognize. Melissa what is starting wage at fat burger . 8 would be a minimum wage. We usually start people, 8. 25, 8. 50 and give them chance to go through steps and get certified in all different p