more unpredictable set of tea leaves out there. some of groupon s earliest backers are getting out of the company. wall street journal report ing four pre-ipo investors have sold or significantly cut their stakes in reason months. take a look at that stock at $4.77. that s assad state of affairs. miss quick, welcome back. thank you, andrew. great to be back. look at all those early investors and you figure those are the guys that made money in these new dot-com ipos. jpmorgan s board has tapped former exxonmobil ceo to chair the committee that s investigating the banks multibillion dollar loss. the committee will have the foretalk to anyone in the company. also double check the bank s previous finding. raymond won t complete his review until late fall or early winter. people say he s someone jamie dimon has gone to and asked for counselling but pointed out he s a tough cookie and not someone likely to blend the truth anywhere, he ll say exactly what he finds. the paper rep
fractional winner. the nasdaq is higher by seven and a third points and the s&p is up one and a half. the s&p bha close to multiyear highs, but are stocks still cheap? they re trading at 13 times forward earnings, the lowest level in about three years. it s typically the forward pe, that means things are looking company and there is value in this market. with all of the uncertainty about europe, they re all still hanging over us, do you want to stay in the side lines? joining us is mike gibbs, and our own rick santelli, good to see you all, thank you for joining us. we ve been waiting on the fed and waiting for more intervention, do you think it will happen in exception, is this rally getting tired? no i don t think the rally is getting tired. people are talking it down saying we re going from 13,000 to 3,000 in the next couple years. i think this is a market that is reallyly valued, stock that s have gotten inexpensive, and whether we re waiting on the fed or better use
to lower expectations when he gets the rates earlier. are we looking at a possible rate cut sdm? welcome to today s program. the startling news that yorkshire has now high in the medals table than australia. yorkshire in. yes. is that a i don t yorkshire a county. they re quite proud, quite proud people. and they now have a medalist? qulo they have a lot of medalists. they would have beaten australia? i know australia hasn t done as well as hoped but last night huge gold medal with the 100-meter hurdlists. that was huge. and plenty more updates on the olympics to come. and a bit of financial news, too. we might dip into that. we ll be in spanish holiday. julia is there and she ll catch us up to day. a new report says emerging markets like brazil in 2016 will see the real money and we ll tell you why. plus, we ll be out in los angeles after the avengers movie helped lift quarterly profits at disney. we ll find out what the company has up its sleev
considering closing brokage office, laying off support staff and requiring some branch managers to generate revenue as advisers, part of a cost-cutting drive as the company comes under pressure to boost profits. morgan spokesman declining to comment. and ni capital regaining some profit. nyse saying it will reinstate firm s full market duties as of next week. joseph kernen, good morning. i can sleep in a little later because we can get here like ten seconds. is that what you think we should just ten seconds? why get here early when everything is fine? our director get a little was in but what time did we we were standing here? a few. my audio guy is scared. let s look what happens? does anyone die? no. a few early stocks to watch. dean foods posted profit. dean is spinning off a part that sells silk soy milk. express scripts citeding a strong second quarter. increased use of more profitable generic drugs and cost savings from acquisition of medco health solu
CSPAN U July 26, 2012 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.