No funk for the consumer. Targeted at 6 billion, snap chat with 0 billion in revenue, raising a new height this morning. Facebooks first downgrade since march of this year, and the growth will slow in 2015. For the first time, the targets open with the s p above 2,000 coming off the 30th record close of the year and dow hit new intraday highs in tuesday session, and nasdaq at a fresh 14 and a half year high, up 4. 5 . Interesting action so far. We have a cease fire in gaza, meeting how the geopolitical story reversed and markets like that. Lack of news is good news for the market. The bullish momentum continues. Milestone after milestone, but momentum is a keyword to talk about and whether it continues the 30th record close for stocks . The action is in the currency market. Overnight, the year row hit the lowest level in a year, ramped up hopes, right, simon, for more action and weak Economic Data fuelling the fire. I think one. Most interesting barometers this morning is the major rig
After the u. S. Accused north korea the does the deaf devastating attack. Experts at anyone in a basement could be behind the attack. The United Nations denouncing the attack on sony as the Security Council held its firstever meeting on human rights in north korea. Greek Prime Minister samaras failed to get lawmakers back to back, his only for president , huge because he only has one more chance. The vote earlier today in athens, the candidate fell short of the 200 ballots. Third and final book next monday. Parchment would be dissolved. There would be in early general election. Cars, the latest automaker to issue a nationwide tacall because of faultyt aka airbags. Iesaffects 140,000 bmw 3 ser from 20042006. No problems from the vehicles have been reported. The federal government has been pushing companies to recall older cars with airbags made by takata. To atave been linked least five deaths. This is unbelievable. An allout brawl at the end of last nights miami beach bowl. It was miam
Lot of movement there. Oil still in many ways, im going to say it, key to the market. Yes, yes. He agrees. Totally true. Im glad i i wasnt sure you would agree. There we are. Crude at 76, brent around 80. Big meeting this week. Big meeting this week as well. Our road map this morning and it starts with markets. S p looking to its 46th, 46th record close this year. The dow looking for its 29th. The nasdaq looks about 7 off an alltime closing high from march 2000. Yeah, i remember that. Gas prices fall fog fouryear low. Opec preparing to meet this week. Raymond james weighs in on chevron, exxon, hess, occidental. United technologies announced the chairman and ceo is retiring, effective immediately. Ill tell you whats next for the company, who the new ceo is and ask questions. Not sure we have a lot of the answers. Lets get to the markets. For a sixth consecutive week of gains. The 45th record close of the year, the dow its 28th, nasdaq, as we told you, new 14 1 2 year high, 6 out of 10 s
Spending enough and that 50 billion allocated is not enough for this president is a remarkable recognition of reality and the scope of the Terror Threat globally. To john cochran, who says that now it is a matter of spending the money wisely. Right now what is happening in the middle east and around the globe, especially with isis we have to put this vector in line and if we start to put in the special forces and the men and women to move forward on the ground, as should happen, its going to cost a lot more than 51 million. Neil many have criticized it. But why cant other countries pony up . When you look at the leadership of the administration and the budgeting act that they passed 2011, we go and this has repercussions on training and buying equipment and other things. Neil that was part of a grand budget agreement it would call for spending caps and proportionally hit the fence, be that as it may, i hope that he gets savings elsewhere. But he always we seize this threat. Tactically
Snow and rain we saw earlier this morning is long gone. Its all the way up into new england now. Some of my twitter followers continue to send me pictures. This is jeff in forks township township. He picked up 8 of snow from the system in the overnight hours and jen bucks county telford this is jay. He had 3 to 4 of snow and on top of that a coating of ice nice little glaze. It was not the snow. Roads for the most part is clear. Icing is taking place now and creating some treacherous conditions out there. Snowfall totals for the most part they were in line with what we h some areas saw more as we got a thumping in the Lehigh Valley. Northampton county there, forks township 8. Bethlehem 7. Perk 5. 5 and ewing 5 and philadelphia 1. Martins creek 7, fleetwood 6 florence 3 lakehurst 2. 2 and Haddon Heights new jersey, 1. 5. Theres this mornings rain and snow he event pulling away. When it pulls through it will produce rain and snow. Were not expecting additional accumulations out of this.