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FBC Countdown To The Closing Bell August 29, 2013

Their faith in a better than expected economic reports. Trading higher, the dow hyder by 50 points. The s p higher by nearly a point. The previous estimate was a gain of 1. 7 . The number of americans applying for firsttime jobless benefits falling. That number coming from last week. The shares of two auto stocks getting a big boost today. I am at the ford post. They are increasing production of the fusion for the first time. It is behind the f150. The other auto maker is General Motors. We are getting commentary. This is the reason why. It has been very bullish. They say the move reflects continued improvement in the companys profitability here in north america and stabilization in europe. They also had that it could lead to an upgrade for General Motors in the next 24 months. Cheryl we will see you very soon. We are rounding out the month of august, youucannot help but wonder if the markets did not get ahead of themselves. I think that is probably right. The trend is still negative.

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