The crash of a ups cargo plane in alabama. New information coming out throughout the day. The very latest, plus fire sweeping through parts of iota including around several bigname ski areas. They are being threatened right now. Well tell you about that, but, first, to sue at the new york Stock Exchange. Good to see you, ty. Well start with the markets right now. A down day right here on the floor of the nyse. The Dow Jones Industrial average is off 93 points, twothirds of a percent. The s p is off a third of a percent or about 6. 33 point. The nasdaq is down 7. 33 points and the russell 2000 is off two points on the trading session. The tenyear yield is right now up above the 2. 70 range. Were now at 1. 71 . The gold market, after a little bit of a selloff yesterday bouncing back, up number 13 bucks on the day and brent crude is up 17 cents. Apple above 500 bucks in todays trading session. 502 cant 45 to be exact. More on that in just a second. First though to bob pins on the floor fo
Later this hour, but first to sue at the nyse. Yeah, big recovery in the market which well get to in just a second, but were starting with the still developing story. The Justice Department grounding the planned merger between u. S. Airways and amr corp. Investors not happen we either stock, as you can see. U. S. Airways down 7. 5 . Amr is down had 43 to 3. 33. Phil lebeau is live in chicago and this has big ramifications, phil, for the rest of the industry. Reporter huge, sue, and thats why the airline shares have traded lower. The doj says this is about ensuring competition. Just had a Conference Call and we had a chance to hear what they had to say. One quote stands out from this Conference Call when it comes to the doj and their explanation for why they filed this suit. Essentially they say it all comes down to determining that the merger would have substantially lessened competition for commercial air travel throughout the united states. Importantly Neither Airline needs this merg
Hebid giving people chance to evaluate offers from doctors across the country and then travel to get the care of their choice. Here to discuss how it all works, the president , ralph weber. Ralph, what is the experience, i go online what happens . Well, you go online and make a request. Depend if you work for employer that uses met at thatbid as source care or individual. You make a request and put in parameters. Health questions, height, weight, any medication allergies. You can put in how far youre willing to travel, if at all. Then you request a bid. You can review all the doctor as profiles. So you see where they went to medical school, what their training was, what their experience is. How many of these procedures they do every year. So you really get to see a lot about the quality of the doctor, as you make the request. Melissa wow. With traditional insurance, all you know is in network or out of network. Melissa you really dont know that much. Although you are able to ask people
Story is the moves by the fed saying they will not keeper moves, the markets to record highs after the dow and diaz and the alltime record highs and the nasdaq on highs we have not seen in 13 years. The market has been meeting beautifully and gold is out there. And other Economic News jobless can lames better than expected but they did rise week over a week and some computer glitches the revealing with and home sales and watch the move to a 6 year high and keeping a close eye on disney as it was cut over at Morgan Stanley to an equally overweight and disney pushed back a few films they plan on releasing as well. Lori species easy money they keep pumping into the system as inflation concerns on the rise of gold is jumping 5 , will it rally, would be shortlived . Sandra smith has the trade from the pits of the cme. Sandra bowlen sale, fires around the globe scooping up the precious metal because u. S. Dollars are so cheap. A more money the fed brings the more bond buying they do, currenc
For problems with the rollout of the health exchanges. Continue to breakdown. Connell we will go back live as things heat up in the q a, rich edson has been monitoring the whole thing and he joins us from washington d. C. With a latest on capitol hill. Rich she is confident by november 30th they will have a functioning web site but she did say when it comes to the miserably frustrating experience it has been for the rollout of healthcare about them that she is taking responsibility. Who is in charge, madam secretary . The person now in charge as an integrator is the base who was in charge . Up until who is the individual michele snider. Michele nighters the one responsible for this debacle. Excuse me. She says it is that process data to get rid of those Health Care Plan they now have to conform to obamacare standards making the more extensive. Dagen thank you for that. Rich edson in the capitol building. Kelley moore analysis in a moment but back to that hearing room, congressman phil