Our market monitor has a list of cheap stocks that he says could soar 50 in the next year or so. We have all that and more. Good evening and welcome, what a finish to the week, the dow average closes in record territory more on that in a moment. But first, it looks like apple may sing a new tune, the Company Reportedly close to a deal to buy the headphone maker beats electronic. Founded by rapper dr. Dre and the record producer jimmy ivine, apple investors not taking a shine to the news sending apple shares nearly half a percent lower today and that is raising questions about what apple is really after in this acquisition . Is it the high end headphones or the digital downloads with itunes flattening out a bit. Maybe it is beats new streaming, or maybe joining forces with a hiphop mogul and a record producer, Morgan Brennan has more on what apple may really be after. Dr. Dre may be most famous for his music but it is his beats by dre headphone that is could make him the richest man, th
3. 2 . Our road map begins with a 7,000 fine, every single day, thats what gm is paying because the Company Still has not provided enough answers about its ignition switch recall. Its not the only bad headline for gm this morning. More on that. Earnings season is officially under way after alcoa reported its results after the bell. What can the aluminum maker tell us about the rest of the quarter . We will have some answers. Instead of running from facebook, companies are willing to pay a lot more to advertise on the social network. But is that good news for the companys stock . First up, though, some tough news for the auto sector. Toyota recalling more than 6 million vehicles after uncovering five different faulting involving parts ranging from steering to seats and nhtsa fining gm 7,000 a day for missing last weeks deadline to provide information about its recall for defective ignition switches. Morgan stanley cutting gm to underweight today, 33 target, guys, and what is a tough not
Profits at ubs stronger than analysts have been expecting. Analysts paying attention to questions hanging over the bank. Ubs has closed u. S. Probes into its dark pool alternative trading system. The companies cfo will join us live at 7 00 a. M. Eastern time. Meantime, bp posting a big jump in its quarterly profits driven by Strong Production numbers. However, the oil giant is warning further western sanctions on russia might hurt its business there. Bp makes about a third of its crude oil output in russia. It is the single largest Foreign Investors in that country for its nearly 20 stake in state oil companies. And eu leaders are meeting to debate economic sanctions against russia. A new list of putin associations and businesses that will face tougher measures is expected tomorrow. Lets talk about a bit of other corporate news. U. S. Investors are knew suing barclays. The attorney general accused the bank of lying to customers regarding its electronic trading platform. The investor ar
The markets posting their biggest selloff since november 7th. The major indices all down more than a percent this week. Its a big day for ipos led by hilton and aeromark. We have the ceos after trading begins. Facebook, shares up on news the ipo will join the s p 500. Lululemon lower on weaker guidance. The day after the dow closed down, the worst day since september. Retail sales showed an uptick in november. Next week all eyes will be on the fed meeting as investors watch for the potential taper from the federal reserve. Maybe decks are cleared for a taper or at least a serious discussion for one, why not take your gains for the year. Is thats whats happening . We had the largest order in balance weve had ever. If you take a look to sell, if you look at when the market broke down, its look, i can shoe horn anything. I can say thats because of taper, i can say thats because of the budget deal. How about this because of the possibility that there are lots of funds that are locking in.
Overshadow jobs. Retail sales for november. Expectations are for an increase of 0. 6 . This gueives us a very good ide of whats happening in the early shopping season. Ahead of those numbers, the futures right now are indicated lower. You can see right now those dow futures down by 16. 5 points. S p futures off just over 2 points. And on the earnings front, lululemon is expected to record at 7 00 a. M. Eastern time. The expectations have been for 41 cents a share. This after the ceo was forced to step down after making comments about the pants arent made for everyone. Shares of lululemon right now, down about 6 cents. Lets get over to andrew with more of todays stop top stories. Good morning. Thank you, becky. As joe was mentioning earlier, Hilton Worldwide will begin its first day of trading. Hey, squawk box. Thats hot. Thank you very much. Youre pricing at 20 a share. Thats the high end of the expected range. The offering raises more than 2. 3 billion and its trading under the symbol