Is always about money. Melissa fbi investigators say there was quote, systemically Insider Trading for more than a decade at sac capital. Will the firm survive the charges and what does this mean for cohens reputation as one of the most brilliant traders wall street has ever seen . It is all the word on wall street today as all anybody is talking about. Thats why were joined bit wall street journals ahead of the tape columnist Spencer Jacobs and Jason Weisberg from seaport securities. Spencer, let me start with you. How strong do you think this cases and do you think stevie cohen faces criminal charges . So the fact that they indicted the firm and not him, they indicted individuals at firm and not him points to the weakness of the case specifically against him. Otherwise they would have gone for him. Melissa i guess but there are at love people who are saying on the sidelines, theyre holding their breath and waiting, that will be the last shoe to drop. You dont think so . They may go a
Thats right. Following the averages, the dow, nasdaq, s p posting gains. We had backandforth action and seeing whether or not its four Straight Days of losses, in which case, it would be the longest losing streak; however, its turned around. Solid gains at the moment for the dow at 52 points. Jcpenney up 7 , as you noted, lori, at the top of the show, its jumping. Theres been reports, and theres an analyst covering this as well, but theres speculation as to whether or not they are true, but theres certainly a lot of people on wall street talking about jcpenney. Here it goes. The former jcpenney ceo will be stepping in the role of chairman. Mike, the ceo, stepping out. He was put in place in april to replace ron johnson, and notice how i keep saying replace, that is because jcpenney has been such a tough turn around, and the Options Market is going wild because the the Quarterly Report is due out on august 20th, and so people are vetting to the wild swings. Now, bill akman of persing is
5,000 data samples per second. Which is good for business. Because planes use less fuel, spend less time on the ground and more time in the air. Suddenly, faraway places dont seem so. Far away. 150 points in the last hour and i have to tell you that was about as phoney as i have ever seen it. Stay the course. Wait for a higher take. I am jim cramer and i will see you tomorrow. Good evening, everyone. I am larry kudlow. This is the kudlow report. The bernanke rally is the fed chairman promises easy money as far as the eye can see but he also made news by speaking out against the sequester budget cutting plan saying it would damage the economy. It doesnt matter because the sequester will happen anyway on friday and well talk about all of that with senator tom coburn. Meanwhile, president obama wont stop his sequester scare tack i can roadshow. He is calling it a selfinflicted wound on the economy and john boehner has it right telling democrats to get off their ass and pass a pill and wit
Sweaty, walk ward swig of water during the state of the Union Response socalled gulpgate into a political asset making fun of himself and posted a photo of a water bottle on twitter gained thousands of followers, in the instant politics and a little humor can go a long way. Paul see if it helps him along the way. If you have your hit or miss send it to us at jer foxnews. Com and twitter jer on fnc. Im paul gigot, we hope to see you here next week. Jon a week full of news, north korea tests a nuclear bomb. Pope benedict called it quits, a historic move. President obama gives his state of the union speech setting the tone for the next four years. His legacy on the line a republican senator gives the g. O. P. Response and gets a little thirsty doing it. A major manhunt ends in california. The wanted killer dead in a burning blaze. The New York Times reviews a car, but the real facts are missing. And sarah palin slaps the Washington Post for stupidity. Which stories made our list . Find ou
Transmission. It just has a button. Stuart really . Yes. Stuart how long is the battery expected to last . Not per charge . There is a 60thousand mile. Charles it is a great looking car. Are you worried if it breaks down . No. I am not worried. If it breaks down, i take it in. Stuart dagen and connell, it is yours. Dagen i was going to say thanks to elon musk who walked off and interview before we got to it. Nice car. Thank you for that. Connell thank you very much. Good morning. I am connell mcshane. Dagen i am dagen mcdowell. Jobs are at stake due to the looming automatic spending cuts. Our first guest says this is a giant campaign to justify tax hikes. Connell then we will talk about why some investors are betting their money on president obama when it comes to the Cyber Security war. Dagen another cold glass to our nations heartland. Connell the tough decisions that need to be made when a companys brand is engulfed in scandal. Dagen it is the top of the hour. Nicole i am watching a