Here is a look at the nasdaq. Both of which did not do as well as they had hoped. That was something that hit Goldman Sachs. You have Michael Court that over at citigroup. It was not as strong as they would have liked. Ashley nicole, thank you so much. Lori bernanke giving to be what is expected to be his last appearance. Hate, lori. It was a little bit of a History Lesson from chairman bernanke. Some of the measures, as you know have continued to draw criticism on capitol hill. Listen, i know that there are folks out there that are critical of the fed. Hopefully some of this pressure will abate. As we tell our story, more information comes out about why we did what we did. They understand what we did was necessary. It was a main street set of actions aimed at helping. I am hoping that these political concerns will wait. He also acknowledged up for him personally the most credible risk of trying to unwind all of this and wind down qe and starting the tapering and shrinking the feds for
That is good news, right . Industrial production came in line and we saw Consumer Sentiment swept of a little bit. American express, visa and exxon leading the way on the dow and keeping an eye on ups. Shares have been down, the company warned 2013 numbers are going to be a little weak. They did handle record amounts of packages ahead of christmas it was after christmas that the company hit their margins, had a slew of borders, tried to keep up and face tough weather conditions. 1. 5 for ups. Ashley thank you. Lori is not just ubs, elizabeth arden, soda stream, lulu lemon, game stop among Companies Cutting their earnings forecasts. Negative sentiment crazy high on wall street, 96 companies on the s p 500 issue here earnings outlooks for the Fourth Quarter. They are well below wall street consensus. Corporate america at its most pessimistic level ever. David lucks is managing director at stifle nicholas. Market watch had this great title, warnings that record high so they are asking is
Dagen very big overseas. Connell we will talk to jo ling kent in a minute. Good morning. Volatility has been what we have seen recently. We are still in nonvolatile time. Right now we are seeing a pattern with lots of green arrows across the board. The Dow Jones Industrials up. Almost a half of 1 . Just like the tech heavy nasdaq. The s p is getting walmart with some tough numbers out. Back to you. Dagen whats app. That is how you are supposed to say it. Connell some mixed reviews from the analysts. 19 billion is what facebook is paying for what app. According to early investors whats app adds 1 million users every single day. The stock is actually down 2. 2 . They see a higher costs and delivering engagement. Theyre taking a more positive stance. The strategic rationale is sound. Here is something i loved researching. He tweets hear all about it. It is amazing how things change. It is. Tac is something a lot of people are talking about. We bring Michael Bloch in. Good to see you. What
The power ball but i never play it, you usually do. Dagen put it in the calendar. Connell lets go to Nicole Petallides at Stock Exchange to get started on markets now. Nicole good morning. We are watching the markets as you noted ahead of the fed and we are up 66 points at the moment, 1 2 mixed bag of winners and losers. The s and p is higher just like the dow down 1 4 and the nasdaq pulling back, coming off of two story weeks of gains for the dow but traders think the momentum remains to the upside and continues to note the fact we stomachs some tough Economic News like jobless claims and others that havent been so great and the market still managed to rise higher so there is good news that could propel us to the upside. That being said we had a couple pieces of news from abroad including u. K. Unemployment rate, and expected the edged higher and we have a big merger deal today in the jewelry business. A lot of pieces of news on wall street today. Connell Congressional Budget Office o
Protection from moscow. Adam you may be better off asking somebody at the securities and Exchange Commission elizabeth no wiki on the new report that says sec regulators are benefiting by trading on inside information. Right now bitcoin bombshell, one of the Digital Currencys Biggest Online exchanges has filed for bankruptcy protection, jo lin king and has been all over the story and joins us with the latest blow to bitcoin. All was unfolding and looks like serious drama. We lost half a billion dollars worth of bitcoin due to unauthorized hacking into its faulty Computer System after declaring bankruptcy today, hed vowed that apology at the Justice Ministry in tokyo. The standard in public apology in japan. 750,000 bitcoins were stolen but we learned about 63. 6 million in outstanding debt is what mount gox is dealing with. We are dealing with the Digital Currency you can buy and trade in a variety of nonregulated independent legal exchanges around world and here are three things you n