Lightest trading day of the year. Gold rallied 1. Oil gained 60 cents. Microsoft is holding a news event today. Theres chatter the tech Company Might reveal a surface mini tablet. Oprah winfreys harpo studio is sold the property in chicagos west loop was purchased for 30 Million Dollars. And, burger king is tossing out its old familiar slogan have it your way. Bks new line is be your way. Trader glen schultz joins us on Tuesday Morning for a look at the bond market. Good morning to you youre with Performance Trust and im sure youre keeping engaged as is everyone else on these bond deals which have been dropping. How low can we go here, glenn . Well i think were probably looking at the near lows of around 2 1 2 but remember we started the year with forecasters saying that we were going to be at 3. 43 3. 5 at midyear, and the 10 year treasury note was just above 3 . So this pretty much confounded everybody. We have three factors at play the Global Growth outlook people are looking at a w
The s p added 6 points. Gold lost 5 moving back below 13hundred dollars an ounce and oil gained 29 cents. In earnings after hours, the Container Store missed, while herbalife came in better than expected. Another drop in debt. The u. S. Treasury expects to pay off 78 billion of debt in the third quarter, thats almost double to the earlier projection of 40 billion. And, reuters reports allergan is targeting Biotech Company shire in a potential takeover attempt. Trader todd horwitz of average joe options. Com joins us to prepare the way for this trading day. Good morning to you. Good morning angie. We have the fed ahead this week. What are you anticipating . Any change in rates . Any change in policy . I dont think there will be much change at all. I think that theyll continue the course knowing that they will backstop the market at any chance they can. As we saw the action on monday, we saw the market way down and i think that somebody probably got a whiff that the fed would do somethin
Cents. Facebook is buying oculus vr for 2 billion. Its a Virtual Reality tech cojmpany. And the irs is defining the bit coin as property and not currency which could give americans a boost on taxes. Some investors are looking for a bigger boost in the stock market. Larry shover of sfg alternatives joins us. We seem to be in a range bound market, what levels are you watching . A lot of people have a lot of theories about on whats going to make this go out of its range. Whether it be the unemployment number next week, auto sales, pmiswho knows . But the longer were in this range the faster were going to move out of it. The forecasters are predicting another chilly day going towards the east coast. Whats going on with natural gas . We continue to see natural gas rising and inventories falling. Thats bad news. We do have a big supply however we have a huge deficit thats going to require a lot of production this summer to make up for the deficit weve drilled into this past fall and winter.
Deal with directv. It could happen in the next 2 weeks. And 40 top sony executives reportedly will return annual bonuses as the Electronics Company struggles with loss. Well on this tuesday trading day, trader bill baruch of ii trader joins us now to take a closer look at the markets. Good morning, bill. Hi how are you today . Im doing very well. We seem to have a nice dotcom rally happening. What do you see among those tech stocks in the Broader Market . Well a lot of momentum from last week. The market held some key levels, we started moving forward and everybody was thinking sell in may and go away is second guessing themselves with some headlines that came out over the weekend with china welcoming investments foreign investments, and lifting some of those limits up really starting the week off great. What will you be watching for the rest of the week . We have retail sales today. Yeah retail sales today, ppi and cpi later in the week. Were already seeing with inflation there expect
Slow down a bit because when you walk outside the roads may be covered. Give yourself some extra time. Be careful. Passing flurries for the remainder of the morning the line of snow continues to press to the south. Seven tenths of an inch of snow came to the airport. Its 27 at ohare. Bartlett is 26. The wind chill, can wait put this graphic away for the year. But right now is 16. It feels like 12 in dekalb. Visibility will show you where the snow continues to move. Right through lansing. Only to a half miles there. This line will continue to press to the south. A quick hit it will only last for about 30 minutes up to one hour. You can see theres a back edge of snow continuing to move into northern cook county. Were not done with this note just yet. It does get out of here pretty quickly. 26 degrees by 5 00 p. M. Typical high is 50 degrees but we are not even close. We go down to 14 degrees tonight. Wednesday we make an 38. Rain likely on thursday high of 48. So far refused to announce