Exit could cost pimco 400 billion. What about you . Should you follow the herd of Institutional Investors dumping we have the director of managing research from morningstar. We also have the manager jkk Capital Advisors and jack hough of barrons dotcom. My concern if youre something in the fund what kind of trouble will you get into . How will this rebound to individual investors, jack . I think new managers of the fund are quite good. Russ kinnels made one morningstar manager of the year. If theyre forced to sell at some point, that forced selling will hurt the bond market and everyone particularly in that fund. I looked how much cash gerri how, how . Hang on a second. I want to know how it will hurt the individual investors . I think, gerri, the problem is a fund manager wants to know they have a constant flow of cash coming into the fund. When theyre forced to liquidate and investor, you want to buy or sell on your terms, your timing, your decisions not when unexpected circumstances
Pay out. Trying to head off a potential conflict later this month. A nuclear deal with western powers wont go through unless all sanctions are lifted. He is also calling for an end to all air strikes. Good morning everyone youre watching worldwide exchange. We have a jam packed show for you. We do. Well talk about the fed and fomc minutes although they didnt move the markets that much. We saw stocks between gains and losses. Treasury prices didnt move that much. Overall nothing new. It was a choppy session as you were indiana state kiting. Investors trying to get their head around when the fed will raise rates. Theyre putting a lot on the stronger dollar and seeing those as head winds. Especially if they want inflation up to their target of 2 . That seems to be unlikely in the near term tnchts other big story is the rally on the hang seng in the last couple of trading days. Its higher by 2. 7 currently but weve seen huge moves. Very high volatility there. Brokerage houses including chi
Nasdaq,. 68 . Most nonprofessionals dont necessarily understand all the ways that stock can go higher. Sure, sure, they understand when a Company Reports sales and urge that the analysts will raise their earnings and boost their ratings. Incites more buying and less selling and a higher price. This he understand if the company gets broken up into little pieces like sarah lee, fortune brands, conico. They are much easier to understand than unfocused con glam mer ats. Much easier to buy than for ceos to manage. They get when an activist comes calling with walgreens or darden. Board room shakeups that produce terrific results for everybody. Pressure can be a good thing. Do you know what can propel a stock higher than you havent thought of . How about panicking short sellers who bet against, sell sell, sell the stocks of companies that you own. Then have to go buy those stocks back to extend their losses when events dont pan out negatively and real owners dont feel the need to dump their s
Down 69 centstwitters first weekly loss. The stock closed down 6. 8 for the week. And homeowners in new york and new jersey are already making money on the superbowl by renting space on sites such as homeaway. The big game is feburary 2nd at metlife stadium. Lets check in now with Scott Shellady of trean. Joining us now to talk all about the market. Good monday morning to you today and of course we are facing a holiday week here, so what do you anticipate as far as as far as volumes in the Trading Market . Well volumes are going to be thin. We are not open on thursday. Its the end of the month, you have to be careful these quiet markets tend to be volatile and because theres not a lot of selling behind you its hard to get short. Quiet markets tend to gravitate sideways to slightly higher, be careful about getting short because you are going to need that calvary to come in, let you out and then sell it back to you. Its an ominous there and like some good advice. Thank you for that scott
Took its capitol of detroit with it. Today the city is shrinking and broke. To solve its financial crisis detroit will have to cut city workers pensions. Illinois just pass emergency legislation to tackle 100 billion shortfall in its pension obligations. Thats huge money and people will pay the price. On this edition of inside story well look at the tradeoffs and solutions when Balance Sheets teeter to the brink of disaster, and we start in detroit. Let me just say that the judge has spoken, and i do think its a tough day for all of us here in detroit [ music ] once the nations fourth largest city, the heart of the Auto Industry and the soul of American Music todays detroit is a portrait of urban decay and facing a water shed moment. It is the largest municipality in u. S. History to file for bankruptcy. A federal judge ruled the city is not only insolvent but in a decisive verdict declared that pensions will be included on the chopping block. Dave bing is the outgoing mayor. The only