Taper timeline. When the fed might be getting ready to execute a new plan for the economy. In todays cover story. A look ahead at 2014, through the eyes of traders. Plus. Simple tips to investing in etfs. And. Why super bowl tickets are the hottest commodity. On wall street. Lets get down to business youre watching First Business financial news, analysis, and todays investment ideas. Good morning its wednesday, december 18th. Im angela miles. In todays first look stocks stall ahead of the Rate Decision and potential taper talk from the fed today. The dow, nasdaq and s p remained close to unchanged for the day. Gold shed 13 dollars and oil 38 cents. Amc raises the curtain on its ipo. The stock begins trading today, alternatives after pricing in 17, 18,19, 20,21 the ticker is amc. Triple aaa predicts 94. 5 Million People will travel during the holidays. Making it the 5th Straight Year of an increase of americans hitting the road and taking to the skies. And today is Free Shipping day mor
Its back to work on wall street. This is the first full day of trading for the new year. In china the Shanghai Exchange is taking an extra day off and its a bank holiday in japan which will keep the Tokyo Stock Exchange closed. Am i in . More than a million americans learn today if they were successfully added to an insurance plan. They were the ones who entrolled in obamacare through the website healthcare. Gov. As of yesterday, the Patient Protection and Affordable Care act became law. Those who signed up on the website should be able to find out if, gliches aside, they are covered by health insurance. The open Enrollment Period for obamacare will end on march 31st. Bright and early on a thursday morning and for Lincoln Ellis its time to get back to work. Youre with green squaregreat to talk to you lincoln. Its been slow trading for a while. What do you think is going to be moving things forward going ahead . Will we see a pickup in trading activity . Interestingly enough, people wil
Points, while the s p gained 1. Facebook joins the big leagues of the s p after the close today. Shares trade at 55 dollars that up 100 for the past year. The fiscal crisis threat is not over. Secretary jack lew is Warning Congress not to dillydally. He says the debt ceiling needs to be raised by early march. And, a wing and a prayer. The wall street journal reports mcdonalds is hoping for a mighty miracle after getting stuck with 10 Million Pounds of wings frozen in storage. The chain overestimated demand. Scott bauer of trading advantage joins us on this friday morning. Good to have you as always on our show. Thank you. I was watching the volatility index yesterday and it was sinking at one point. Is that a telltale sign . This was crazy angie and we had talked about this a couple days ago. We saw the vix trade almost 16 1 2 right before the taper announcement on wednesday. Then yesterday we saw this thing trade down all the way under 13. It traded 1290 and it closed up a little bit
Electrifiying stock gained another 5 dollars yesterday. After hours the electric car Company Reported the battery factory its building could employ 65hundred locations under consideration are arizona, nevada, new mexico and texas. Jc penney reported less of a loss than predicted. Shares soard more than 7 . Janet yellen heads to capitol hill today. She will share her thoughts about the economy with the Senate Banking committee. Her appearance earlier this month was cancelled due weather. And theres rain to report in the west. Drought ravaged areas such as Riverside County calfornia are finally getting drenched trader todd horwitz of average joe options joins us now. Hes also watching the situation in the ukraine and russia. Will it have and effect on the stock market or perhaps the oil market. I think when you take a look at the ukraine situation as far as the stock market is concerned, i think it will have no effect. It may effect their market but i think our market it wont bother. How
Sticking above 102 per barrel. Gasoline is on the up up. According to triple a gas prices have climbed 17 days in row. Up 15 cents during that time frame. Prices are expected to continue to rise. The National Average per gallon stands at 3. 41 and in utah a court is freezing the assets of work at home web firms. The ftc claims essent media, net training,yes international, Coaching Department and apply knowledge bilked consumers out of millions with useless work at home kits and coaching services. The companies offered no comment. Trader Lincoln Ellis of Green Square Capital joins us on this tuesday morning. Happy tuesday to you lincoln. Happy tuesday to you angie. Is this a stock pickers market or an index situation where people want to buy the entire index . Thats a great question. The indexes have had extraordinary runs over the past couple of years really since the bottom of 2009 the s p up over some 172 . A theme for 2014 is gonna be names over indexes and particular sectors over o