Treasuries went up. A little concerned, perhaps, about the stock market. Now, we know one executive whos presumably looking for a new job today, Tim Oshaughnessy saying hes stepping down this year. Living social is not publicly traded, but there are a lot of guess about them being questions about them being the big competitor to groupon. Target now telling us that its data breach was worse than previously thought. As many as 70 million customers had their personal information compromised. Target also lowering Forward Guidance. Its shares are moving down just a few percentage points, but its sears getting slammed today after it also lowered its guidance. That stock down more than 12 . A little later on were bicycle to speak to speak to sears public enemy number one. He took photos of empty sears shelfs. He says sears has gone from a sick patient to one who is now in critical condition. We, of course, invited sears executives to come on, they declined, so im going to fight brian. Theres
Saying the attacks on personal information tied the markets are just the tip of the iceberg. Security experts telling leaders of the retailers could be coming out with similar reports about reaches over the same time. Connell we have talked a lot about it on our show. Remember the hackers stealing nearly 15 million credit and debit card numbers, tjx 20052007, then it went on from there. Best buy, j. C. Penney, on and on, similar experiences or infiltrations in recent years and you add to the more recent newsweek and there are the stock prices we had today, jamie dimon, tip of the iceberg. Dagen you covered online attacks and cyberattacks, what do you think of the way they handled it . The breadth of the attack at target was breathtaking for sure. Connell normal people are affected by it, companies go on about how theyre prepared for it but in some cases they are not, theyre not staying ahead to the latest on technology and a guy yesterday using new technology having to work in some of
Hes going to upgrade amazon in six minutes. 30 seconds later, i made about a halfMillion Dollars. Narrator to information brokers. They told me they were going to arrest everybody. Narrator to sac capital. Arrested fund managers. Doesnt matter who you are. Rules are rules, and the law is the law. Narrator tonight on frontline, to catch a trader. Frontline is made possible by contributions to your pbs station from and by the corporation for public broadcasting. Major support for frontline is provided by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant, and peaceful world. More information is available at macfound. Org. Additional funding is provided by the park foundation. Dedicated to heightening Public Awareness of critical issues. The wyncote foundation. And by the frontline journalism fund, supporting investigative reporting and enterprise journalism. Narrator november 2010. A team of reporters at the wall street journal was finishing a m
Hes going to upgrade amazon in six minutes. 30 seconds later, i made about a halfMillion Dollars. Narrator to information brokers. They told me they were going to arrest everybody. Narrator to sac capital. Arrested fund managers. Doesnt matter who you are. Rules are rules, and the law is the law. Narrator tonight on frontline, to catch a trader. Frontline is made possible by contributions to your pbs station from and by the corporation for public broadcasting. Major support for frontline is provided by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant, and peaceful world. More information is available at macfound. Org. Additional funding is provided by the park foundation. Dedicated to heightening Public Awareness of critical issues. The wyncote foundation. And by the frontline journalism fund, supporting investigative reporting and enterprise journalism. Narrator november 2010. A team of reporters at the wall street journal was finishing a m
And one big unknown risk. A big foreclosure auction is under way down in atlanta. Buyers putting money down for homes that most wont see before they buy. Well take you along for the ride, as those buyers see what they actually bought. First lets check in with sue on this rally day at the nyse. They know what theyre buying down here today and its stocks. Lets get the trading action right now. The Dow Jones Industrial average up about 116 points on the trading session and bob joins me on the floor of the new york stock exchange. A reprieve finally for the bulls. This is the first day it seems like the adults are kind of back. The volumes a little stronger, the trading actions a little more interesting. Put up the dow, its not like the range is necessarily bigger. We have been a very narrow trading range since the beginning of the year, about 140 points on the dow from top to bottom, but theres more activity around. I thought the volatility would go up, i have been wrong on that so far. E