Volatile day yesterday on good volume. Energy retreating as opec cuts its demand forecast. Yum brands problems continue in china. Cutting their profit outlook for the second time this year. Costco out with earnings, beating estimates. Stocks up more than 20 this year. Looking to add to those gains today. Oil prices sliding again this morning, close to some new multiyear lows. Opec cutting its demand forecast to below 29 Million Barrels a day, more than a million less than the cartel is currently producing. Its actually a 12year low, guys, on demand. Goldman out today saying the tax cut that consumers are getting, not 75 billion like they thought. Now after that opec meeting, its going to be 125 billion. Well, look, its remarkable for 317 million americans. There are Many Companies that when we get to 50 then become different in that theyre not as positive because theres some companies that rely on fuel conservation as a major business. They will not you will not want to conserve fuel a
Actually lower. 2. 193. Off the lows we saw earlier this week. Investors looking to extend gains in the back of the largest trading day of the year. Why nike shares are actually lower in the premarket. The treasury sells its last shares in ally financial. The take more than 1 billion. Thats the profit. Well talk about financials. Best twoday run in three years spurred by the feds saying it would remain patient when it comes to raising Interest Rates. S p 500 has climbed 4. 5 over the last two sessions. The dow coming off thursdays 421point surge posting backtoback gains of more than 200 points for the first time in six years. Of course when they did that six years ago, the percentages were far higher given where we were. I dont like to talk about the dow as much. Weve got an s p up over 11 this year as we head into the final trading days of the year with next week. I think why this is surprising is because there were so many people looking for the opposite to happen. I was talking with
Apiece after the close yesterday. Checking the shares at the moment, up nearly 2, 21. 87. Facebook will likely make a bunch of new investor friends, because itll become a member of the s p 500, also the s p 100 next week, so this means facebook shares will automatically get snatched by some index and investment funds. Lets have a look, a huge session for the social network, 2. 58, thats 5. 25 , thats a nice jump putting the price at 51. 97. Now, unlike facebooks rally, lululemon having a sour day after it warned about a sheer forty be quarter. Fourth quarter. Straight to nicole pet lee d. C petallides. Reporter taking a look at lululemon, lori, looking you can see its down about 11 to 60. 78 a share. When lori says sheer, that was one of the many problems that lululemon has faced, they went back to the manufacturer, they had to recall some pants. That being said, theyve had to lower their fullyear numbers. They said Quality Control was an issue, getting the products back to the stores
13th, 2013. Announcer from nbc news, this is today with matt lauer and Savannah Guthrie, live from studio 1a in rockefeller plaza. Good morning and welcome to today on a friday morning. Friday the 13th. Im Savannah Guthrie along side matt lauer and al roker. You were up all night downloading songs. 14 new songs from beyonce. And video. She just dropped it. It was cool. I like how you used the lingo. Yeah, a little marketing by no marketing. Its interesting. News that the longest held hostage in u. S. History that disappeared in iran seven years ago was, in fact, working for the cia. This was something the government always denied. Nbc justice correspondent Pete Williams is on the story this morning. Pete, good morning. What can you tell us . Reporter well, savannah this information does shed new light on what bob levinson, a former fbi agent was up to when he vanished in iran in the spring of 2007. Turns out he was doing contract work for the cia. Since the day Robert Levinson went mis