Back 39. Gold is the only green on the screen adding 12 dollars and oil slipped just 26 cents. Also making news. Crude oil reserves are at the highest level since 1976. Reuters reports google glass goes public next week. The tech giant will take orders tuesday. The price tag is 1,500 dollars. And, the government reports 7. 5 million americans signed up for obamacare. That news comes as the New York Times reports Kathleen Sebelius the health and Human Services secretary who was in charge of the troubled rollout of the federal healthcare excnahge website is resigning. The president is expected to name a replacement today. Oh what a market this is. Joining us now is chris gersch of altimus capital to check out the situation on this friday. Good morning to you. We had that close below 1840 in the s p 500 yesterday. What happens today . How do you play it chris . Good morning angie. The close below 1840 was a key level but even more than that the 1834 right where it settled is a key pivot p
The weight of sell of in cisco ahead of earnings. Gold lost 2 dollars. Oil rallied 1. 37. Its ibm s analyst day. The ceo rinni rommety could face a tough crowd as she attempts to revamp the company. Hertz car and rental company is requesting extra time to file its quarterly report, because of errors and, there may be some fallout today from a chicago air scare. Flights in out of midway and ohare were halted after smoke from a faulty ventilation fan at a radar facility. Trader larry shover of sfg alternatives joins us now to talk about the record levels in the market. Good morning to you. What are you eyeing . Right now i just continue to look at the broad market and you look at the differences of whats going on underneath the surface. We see yesterday the s p kept bumping up against 1900 and right now people are just wondering whats the next move . What industrys going to take us to the next step . Its really hard to figure out. Oil is on the run, whats prompting the oil run . Yeah yes
Making cents of a nationwide shortage of coins. And, later, how a 12yearold is lifting spirits during a national crisis. I appreciate that theyre working so hard every day, trying to save peoples lives. this is the cbs weekend news yuccas good evening im jamie yuccas in los angeles. For the seventh time in just 11 days, the u. S. Set a new singleday record for coronavirus infections. There were at least 68,000 new cases on friday. More than 3. 2 Million People in this country have been infected, 4,000. Ath toll now topping at least six states reported singleday records for new infections. Some hospitals are facing a crush of patients. Rules and restrictions are being adjusted just about everywhere. Adding to the misery, a massive heat dome covering much of the country, breaking records in several cities including tucson and new orleans. Danya baachus begins our coverage. Reporter with hospitalizations on the rise here in los angeles, the mayor is asking people to avoid the urge to beat
Year. Its also below 1,700. The dow and nasdaq also lost ground gold gained 18 dollars. Oil under 103 dollars per barrel. A report says jp morgan may wind up paying the government 11 billion dollars in fines as punishment for allegedly breaking banking rules. Check it out the jewelosco grocery chain is tossing out selfcheckout lanes in some stores in an effort to re connect with customers. Stores are in iowa, illinois and indiana. The tesla s model goes rental. The electric cars are being added to hertz lots in san fran and l. A. And usa in a stunning Comeback Team oracle wins the 34th americans cup in san francisco. Way to sail. Congratulations. Daniel stecich of tjm institional Services Joins us now for a look at the market. Good morning to you. Are we in any kind of technical trouble here . Absolutely not. The market has been taking a little bit of a breather right now. Weve had a scare here and there. You have washington fighting right now. I think thats the biggest aspect of this
Also treasury secretary jack lew says the u. S. Government will hit the debt ceiling by mid october unless Congress Votes to increase the limit by the end of the session the dow fell below 15,000 losing 65 points, the nasdaq was unchanged and s p dropped 7. Gold crossed the 1,400 dollar mark and oil is trading around 106. Jc penneys acking stock. Shares fell monday on word hedge fund manageer bill actman is selling 39 million shares. Hes the single largest share holder in jcp. Tony harris of Performance Trust joins us today. Tony, the market shrugged off that durable goods order number yesterday but today were going to be looking forward to that gdp number. What do you see in the bond market . I think that the bond market has had a change in terms of it caught a bid early in the day on monday and it held the gains throughout the day. You had poor new home sales report back on friday and of course them poor durable goods report on monday. So i think that youre catching a little bit of d