These people turn to washington and try to see the Federal Reserve whether or not they would begin to taper the bond buying. We will get to some movers in a moment, couple of things, the 10year, and gold just spiked moments ago up 26. Keep an eye on gold. I wanted to take a look at walmart and cisco with two down components. Cisco systems carbon 5 of their global workforce. Back to you. Ashley thank you very much. Lori a reflection of the cpi, shows a little inflation in the system. Lets talk about the data they lose. The latest reading on the fed installment is the and Atlantic Region slow down more than expected in august. The news isnt much better in the new york area. Edging up 0. 2 in line with estimates. A bit of good news. Initial jobless claims fell more than expected to be lowest level in six years, so the best levels since the end of the recession. Does that mean a september tapering is more likely . Wells fargo senior economist. We have a stock selloff and a bond selling off
At the halloween. The dow is down 9 points. We have the nasdaq and the person the in the green on this final day of a great month of october. The Broader Market 4 this month. We will take it. You with a nearly year there is concern that the fed wont be as inclined to keep the stimulus coming as long as we are hoping. Release solid midwest manufacturing number is bolstering that belief, the dollar up, commodities down and that is where we are trading today, stock has been all over the mack in afterhours after the Earnings Report, stock as much as 18 and when it opened this morning was down 5 . Now you can see a green arrow, there is concern in despite the numbers the younger teens are not using facebook as much among others things. Adam teenagers say i am so over is that. Thank you. Lori the higher dollar impacting trade and commodities, gold futures doing the impact of the fifth heat over as well. Phil flynn of price futures joins us in the trading pits of the cme. They scared the gold
The latest trend in womens fashion. That is the furthest thing from the power suits of the 1990s. Back to the floor of the New York Stock Exchange to check in with adam. Stocks off the lows of the day, but trending down. Trending down, but its a sideways flat day, nothing going on with the dow, dow down 14 points, nasdaqs up, good news for apple up 2 on potential for the new iphone 5s sent 10th, but the other thing people are watching down here, dole foods, talk about that. Their ceo is going to buy the company, upped the bid for it, and their stock today up 5 trading at 13. 45, there it is, year to date, up 17 , so dole on a run today. They are doing well. Back to you, lori. Lori one not talked about recently. Thanks for that, adam. Yep. Lori what are the markets and zombies have in common . More than you think. The chief Market Strategist says this bull market is the walking dead. It is unkillble. Jeff, thank you, as always, for joining us. Lets start there. Why are you optimistic ri
Federal prosecutors that the firm engaged in widespread Insider Trading more than a decade. Sac spokesman said the firm never encouraged promoted or tolerated Insider Trading. David here is good news again for the market. U. S. Consumer sentiment is reaches highest level in six years, buoyed by rising stocks and home prices. It rose to 85. 1 in july up from 84. 1. Liz barclays plans tissue securities to investors. The bank will likely reveal its proposals during its Earnings Call next week. The stock fell on the news. David according to an Administration Official the president will not nominate a successor to Federal Reserve chairman ben bernanke at least until sent. The september. The comments come as a group of senators urge him to choose vicechair janet yellen, not Larry Summers who they dont want. Liz jpmorgan will explore strategic all the turns tiffs for the physical commodity business. To maximize value it will explore a range of option, a sale, spinoff or strategic partnership.
Street, all time record intraday highs in the Dow Jones Industrial average. And fiesta be traded 1704. And since the year 2,000, and jobless claims came in at least for now. And exxon after the quarterly reports and procter and gamble fell 48 that they did expect 2014 earnings to share 5 and the Company Needs to get strong grip, here is a quick peek at exxon down 1. 8 as operating costs on the rise and production similar. Lori crude oil up big, more than 2 , phil flynn of price future is in the trading pits of the cme and all this Economic Data pushing crude to 01 week high. It is unbelievable. If you look at oil knocking on the door of 108 a barrel w. T. I a few minutes ago, absolutely incredible and all of a sudden good news is good news for oil. If you look at the manufacturing data it was explosive in the u. S. And around the globe. We will be using more oil not only to produce goods but moved it around the globe. Very bullish for oil and the fed yesterday gave the green light, cap