New jersey which decimate ad Community Just getting back on its feet as a result of what happened with hurricane sandy. Were going to be keeping you abreast of that situation. There is a live shot of the fire. As you can see a lot of the efforts that have been made to try to put this place back in order, now being wiped out. First it was water. Now its fire. Just a terrible, terrible situation. Seaside park, new jersey. Well it is day three of our coverage in Silicon Valley. Lets head back to liz claman with the very latest and a very special interview. Liz . Liz you know what . It was just last year we walked around with elon musk at his fremont, california, tesla plant. So much has happened. He bought a gigantic piece of property next to the plant in fremont. Theyre expanding. It was six years ago that elon was one of our 3 days in the valley originals. He is such a busy man. Over the past year it is up over 450 . Over the past three years, even better. This is a guy who has the abil
Major League Baseballs drug policy. New york yankees slugger Alex Rodriguez has been suspendedded for 211 games. That ban effective thursday. Dallas Federal Reserve Bank President Richard Fisher says the fed is closer to curbing asset purchases. The fed president said with fridays jobs report, the fed is closer to execution proceed. Pondering right time to begin reducing purchases. Boston red sox owner john henry is buying the boston globe from the New York Times. The deal . 70 million in cash, far less than the 100 million that deal was expected to fetch. After the bell starts right now. Adam we want to get to the action. Lincoln ellis is the in pits of the cme. Talk about what is happening with commodities. What can you share with us, lincoln . Very interesting day here, as the equity markets trade back and forth, seesaw, it make as new high. Commodities particularly in the corn complex reach the lowest level they have seen since 2010. As a previous guest was saying to liz, you conti
Thursday. After a long rally run. Gold buyers backed off their safe haven play by pushing gold futures down 41 dollars. Oil was the only sign of possible trouble with the syria crisis. As futures shot up 1. 13 per barrel. Boeing is ready to stretch. The jet maker reportedly has scheduled the first flight for its dreamliner 7879 for next week. Walmarts wage war win. The mayor of washington vetoed a bill that would have forced walmart to pay employees a living wage of 12. 50 per hour. The democratic mayor called it a job killer. And trader joes is reported to be Cutting Health care benefits for parttime workers. But will give them 500 to buy their own coverage on health exchanges. Lincoln ellis of Strategic Financial Group joins us on this friday the 13th. Lincoln, is there any reason to fear the market or should we be fearless . Friday the 13thwere sitting right close across all time highs across most of the major markets and weve got a big fed meeting next week. Maybe not fear but caut
Thanpredicted results but alcoas revenue fell short, and wds forecast was shy. Stocks rallied in anticipation of earnings. The dow gained 89, the nasdaq 6 and the s p 8. Gold added on 22 and oil lost 40 cents, ending around 103 per barrel. A muchanticipated vote happens today with fdic members potentially approving tougher rules on banks. Barnes and noble ceo William Lynch is resigning. Shares fell 2 when the news broke after the close. Lincoln ellis of Strategic Financial Group joins us now for a look at the headline stories happening on the trading floor. Good morning to you, lincoln. Good morning. Alcoas earnings are out. Does it set any kind of stage for corporate earnings this time around . Tough to say from alcoa, really. They beat on the top line, but the estimates have been continually ratcheted down three times, actually meaning only by a penny there. And they have been in the commodities space, so its tough to tell. Alcoas never really a great barometer of earnings, but they
Captioning sponsored by wpbt this is n. B. R. Susie good evening everyone. Im susie gharib. The sequester deadline is tomorrow, but it could take months for those massive federal spending cuts to ripple through the economy. Tom im tom hudson. Those cuts come at a time when the economy is struggling to grow, the latest showing on g. D. P. Shows growth but just barely. Susie and a big Management Change at groupon c. E. O. Andrew mason is out at the daily deals site he cofounded. Tom that and more tonight on n. B. R. susie you know the economy is not very strong when analysts cheer because growth has been revised up by a fraction, from a negative 0. 10 . And with growth flatlined, economists are wondering whether the upcoming budget cuts known as the sequester will derail the recovery. The good news is the cuts will take time to be felt. The bad news, as darren gersh reports, is the cuts will build in pain over time. Reporter in terms of its impact on the economy, the sequester is really