This morning defended the way hisses change defended the outage. He added that he was, quote, proud of the fact that we had an orderly close. Guys, heres how its playing on the front page of paper it is people have not seen. Nasdaq in fresh market failure is the way the journal puts it across the top of the fold. Nasdaq paralyzed by technical breakdown is the ft. And then, jim, usa today, wall street yawns as nasdaq goes dark. I thought that was the most cogent of all. No one really cared. Bob said everything was good. They did a great job. Its fine. I want to let people know we speak with people around here. They all scoffed and laughed at that. Bob said what he did. I felt what i felt which was that the lack of communication was terrible. I had the unfortunate moment where i had to be on air and had to try to speculate. The way you cut back on speculation is to come out and say, guys, heres what we think is happening. We were all stuck trying to speculate because the communication wa
Points and the s p up by 4 1 2 points. Lets break down this market and find out whats going on. Bill . With us right now is amy wu from rbc capital market, george young and our own rick santelli, but joseph is standing by. Well get analysis of ibms numbers when they are released momentarily here. Amy, whats your version of why we got such a quiet market today, so much news . Housing starts were down sharply. The beige book looked pretty good. And chairman bernanke spoke today, and the market took everything in stride. Why do you think that is . Hey, bill. I think a lot of it has to do with this waitandsee market that were in. So the options volume in our market has been relatively light coming into this. I think a lot of folks wanted to see what ben bernanke was going to say, and ben bernanke basically said, okay, were going to wait until we see data, and then well see, and then well act. I think whats happened in the Options Market is youve seen the decline and no one is putting on an
Toner and resold it on the black market. You have to hear it to believe it. Tracy top of the hour. Nicole petallides on the floor of the New York Stock Exchange. We cant seem to find our footing. Nicole interestingly enough we are not too far off of the unchanged line but we are up six of the last eight trading weeks. Hovering around five year highs. As you noted early on, talk a lot about boeing weighing on the Dow Jones Industrials today play with one issue after another. The s p 500 down one point at 1471. It is also earning season. How they are faring. They came out obviously earningspershare eating earnings slightly miss. A new high for dell. And all those names are lower. Continue to follow earnings here all week on Fox Business Network. We have General Electric and some are gay and American Express and intel just to name a few. Back to you. Tracy we will see you in 15 minutes. Lori proof the fiscal neck is on the turmoil for the rest of the world. World bank releasing sharply in
Dagen i love you to a baseball interviews because you love it so much. Connell lets go to nicole petallides. Nicole i love the markets. The Dow Jones Industrials down about 23 points. Number one, the market is overbought here in the near term. Three straight weeks of gains. Also there is a wait and see mode. We will get that testimony. A couple of things also worth noting as we see the dow down 22 points, how that plays into the feds cards. The lowest in two years. You have gotten in earnings. Names like cocacola and ups. You put it all together. Back to you. Dagen some key votes in the senate expected to give way right now. Harry reads Nuclear Option. Connell he wants to vote on some key figures. Regulating businesses around the country. He is threatening to invoke what would be a dramatic change in the rules of the senate. That would include yanking the republicans right to filibuster. This kind of inside baseball back and forth all night long. Especially when you consider both parti
Johnson johnson good on drugs and medical di vices and that did well ultimately. Cocacola, on the other hand, didnt do as well as expected leaving the cfo noting saying the economy, globally for europe and asia affected them and north american sales did not do well alternately saying the Foreign Exchange rates hurt their numbers and weather, big into weather in a big way reading through the notes, but they grew year over year, but not as much as they hoped. Lori thank you for that. Dennis a vocal critic, kansas fed reserve president telling our peter barnes thoughts on when the fed should taper the bond purchasing program, and peter joins us from kansas city with more on the exclusive with the fed president , peter . Hey, dennis, thanks, no question that Esther Georgements something done sooner rather than later on tapering quantitative easing winding down that program. Shes been critical of quantitative easing, particularly the latest round of it, and whether its been effective or dis