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Transcripts For KICU First Business 20130809

Microsoft. Gold is back above 1,300 and oil is below 104 per barrel. More questions for Jp Morgan Chase are reportedly coming from the justice deparment. Lawyers are asking about bear stearns mortgage bonds. Jp morgan bought bear stearns during the financial crisis. A judge is ordering a stay in the sec cases against sacs Billionaire Hedge Fund manager steve cohen. Hes accused of failing to supervise ex employees allegedly involved in insider trading. And the white house put out late notice president obama will hold a press conference today. On this friday morning, we find chris gersch of altimus capital good to go at cme group. Good morning, chris. Good morning, angie. A lot of interesting things happened in the market yesterday. One of them was gold. Gold back above 1,300. Is this a safehaven play, or is Something Else going on here . Angie, it is not a safehaven play. I believe its about a two week trade. China came out with some great numbers, and i think its a brilliant opportunit

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