Here at this hour, by the way. We also have both covered with a live report from iraq and our pros weigh in on just what the fed may do this week. Also, a very special and exclusive interview after the bell, traveler ceo jay fishman in a rare oneonone. He is widely viewed as one of the most respected and effective ceos in the corporate world. Fishman will weigh in on the state of his business, the overall economy and much, much more. You dont want to miss it. All right, we cant wait. In the markets right now, take a look at the dow. It is down about nine points. The situation in iraq is certainly weighing heavily on the minds of investors today. The fed meeting, which is looming, which begins tomorrow, is as well. The nasdaq holding on to a gain of just under four points. And the s p 500, we can call that flat on the day. Joining our Closing Bell Exchange right now is rob stein of Astor Investment management, joe tanias, kim forrest of fort pitt capital group. Wow, i got that right, fi
Pressure we saw on the dow all morning has leavitted. The industrial average is up 25 points, although the nasdaq struggling to stay positive. Early selling gave way to some buying in the afternoon, once again. Yeah. An upanddown day and a big week for economic news. We have the jobs report on friday. Before that, on wednesday, we get fed day. Amid word of growing descent among hawkish members of Janet Yellens gang. Well talk about that with jim grant in a little bit. Plus, the tax inversion debate continues, the talk from washington to wall street. The president has upped the ante in his campaign to stop u. S. Companies from moving out of the country to save on taxes. This has a former treasury official now saying that the president , if he wanted to, could tie the hands of these companies with a single stroke of the pen. Is that true . And if it were, wouldnt president obama actually be doing that . Were going to get to both sides of that very interesting twist in the story, coming u
And for the time being europe is mostly in the green over there our road map begins with facebook, smashing analyst comments. The cfos comments about teens using the site is spooking investors. And a double dose of dow earnings. And well speak exclusively with the ceo kroeger in just a few minutes. Investors were spooked when the cfo made comments about teens. Usage of facebook among u. S. Teens was stable from q 2 to q3 but we did see a decrease in daily users, specifically among younger teens. This is nothing new. Theyve been talking about this for a while. But to hear them say it, they have denied it in the past. The q a for this is the stock was at 55 and 56. First you hear teenage decline, 52, 53. And then you hear ads will decline and its boom, to 50. Theyre doing 2 billion in revenues now. You listen to the call, you were kind of blown away by how well theyre do bug thing but ty give you that chink. The thesis by the end is this people doesnt use it anymore because theyre younge
California suffering from an extreme drought. Now farmers are making tough decisions that could impact the price youll pay for things like beef and lettuce. All that and more tonight on nightly Business Report for thursday, january 16th. Good evening, everyone. A mississiperable day for invesn best. The Worlds Largest Electronics Retailer didnt live up to its name when it comes to its stock. It plunged almost 30 today. Investors dumped the shares after the Company Reported it had poor sales during the Holiday Shopping season, saying it suffered from heavy competition and deep discountsing. Hotselling products were in short supply. Smartphone sales were slow. And with so many people shopping online, fewer people came into its stores. Sales fell nearly 1 instead of rising. Courtney reagan spoke with best buys ceo and has more on whats next for the struggling retailer. Reporter best buy shares gained a staggering 240 in 2013. As wall street began to put stock nuts turn around strategy. Bu
Price youll pay for things like beef and lettuce. All that and more tonight on nightly Business Report for thursday, january 16th. Good evening, everyone. A mississiperable day for invesn best. The Worlds Largest Electronics Retailer didnt live up to its name when it comes to its stock. It plunged almost 30 today. Investors dumped the shares after the Company Reported it had poor sales during the Holiday Shopping season, saying it suffered from heavy competition and deep discountsing. Hotselling products were in short supply. Smartphone sales were slow. And with so many people shopping online, fewer people came into its stores. Sales fell nearly 1 instead of rising. Courtney reagan spoke with best buys ceo and has more on whats next for the struggling retailer. Reporter best buy shares gained a staggering 240 in 2013. As wall street began to put stock nuts turn around strategy. But today best buy shed more than 3. 5 billion in market cap value after revealing a bummer of a Holiday Seas