Shakey side. In the sessoin the dow plummeted 138 points, the nasdaq 29 and the s p 12. Gold ended unchanged. Oil down a dime. Wells fargos sharreholder shocker the bank plans to return as much as 75 of its profits to stockholders up from 34 in 2013. And, tgi fridays reportedly has been sold to for 800 million to sentinal capital and triartisan capital partners. Trader larry shover of sfg alternatives joins us on this wednesday morning. Larry weve already heard from some of those fed president s that moved the market yesterday. Today the fed minutes. What do traders want to hear whats going to move the market . I think what could move the market is any narrative related to the housing industry because they are going to talk about or they could talk about the fact that we are stuck in the mud and will there be any that, nobodys expecting many fireworks from the fed. The treasury did see some fireworks yesterday. Tell us what happened there, and what to anticipate for today. Yesterday yi
Is reacting to comments from fed chairman ben bernanke that economic stimulus will continue for now. Homebuilding stocks were among the sectors helping the market pound out gains. Gold bumped 37. Oil slid 1. 90. Meanwhile, at the treasury, a 117 billion dollar Budget Surplus as the government took in more than it paid. Mortrgage rates are on the rise. The 30year fixed jumped to 4. 51 , the highest in 2 years. 15year loans rose to 3. 53 . J. P. Morgan and wells fargo both report earnings today. Joining us now, scott bauer of trading advantage. On the Trading Floor, what is the trader talk today . Will the banks set the tone . Not only is it going to set the tone for today, angie, i think its going to set the tone for the rest of the earnings season, and going into the last quarter of the year, quite frankly. With the recent rise in Interest Rates that weve seen, that really may affect wells fargo more than its going to affect j. P. Morgan, that thats going to give a great insight into w
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