Province. Mark welcome to countdown, i am mark barton. Caroline i am caroline hyde. Also, a pay raise for mcdonalds employees. It means a growing list of u. S. Employers such as walmart are vowing to boost pay this year. Mark talks aimed at preventing iran from getting a nuclear bomb in exchange for sanctions relief continue. There is still no deal. Elliott, good morning. What is the latest . Elliott the talks literally broke up about an hour ago. That is accruing to a tweet from a state department spokesperson. They are getting rest. We have gone full circle from yesterdays optimism. And then some thinly veiled threats from the white house, saying all options are on the table. And also from the iranian suggesting there may not be another chance. Now we are back on the optimistic track as the talks broke up over an hour ago. The Iranian Foreign minister saying the talks with them we are moving in the right direction. The French Foreign minister saying they are tens of meters from the a
And, bad business blunders. How corporations this year are attempting to recover reputations. First business starts now. Youre watching First Business financial news, analysis, and todays investment ideas. Good morning. Its wednesday, december 26th. Im angela miles. In todays first look the final trading days of 2012. Stocks are closing in on the 4th Straight Year of gains. As of last week, the dow was up roughly 7 . The s p climbed 13 . And are you ready for this . The nasdaq is up around 20 . Herbalife plans to respond to accusations that its Business Model is a pyramid scheme at an Analyst Meeting january 7th. The flu season could be good for walgreens. The pharmacy chain stands to make hefty profits with this projected to be the worst flu season in 10 years. And Delta Airlines is hiring 400 flight attendants for overseas flights in the summer of 2013. Applications are flying in. Fresh of his christmas vacation, Tim Mulholland lands on our show today for trader talk. Good morning to
Rleased on malyasia flight 370 reveals the jet ran out of fuel. Trader larry shover of sfg alternatives joins us on this wednesday morning. Happy wednesday to you, larry. Good morning. Its a good morning for investors another record run in the stock market. How long can this go . Well as long as we continue to have good Economic Data like weve had last week and even yesterday and stable housing data which we saw last week and yesterday and continued good Central Bank Commentary around the world, we can continue to ratchet higher it wont be linear, but we can continue to grind higher because we are healing. What is putting the fear into the oil market . Russia came out and said that those gas deliveries likely to continue through europe at least into june, but here we are at 104 per barrel. A lot of that was the ukraine. People were worried about what was going on there so weve had easing in geopolitical tensions yesterdays at least perceived, and also we realize that we have a little m
High. And the s p 500 is about 20 points away from a record close. Gold and oil also rallied. The feds stess tests on banks shows Ally Financial was the only firm that might not be able to withstand a deep recession. The other 17 banks passed. Goldman sachs and Morgan Stanely were near the bottom. Pandora is still in tune with wall street. The Company Reported a 14million loss after the close, but sales are up 54 , and the ceo is stepping down. The stock rallied 19 last night. There is the sound of the bell, and larry shover of sfg alternatives is ready to get the day going. What is your prediction, larry, on todays jobs numbers . Right now i am expecting 7. 9 , unchanged on unemployment rate. About 163,000 adds to that number. What do you make of the Bank Stress Test . Well, the stress test basically came out as expected, nothing really beat the surface that caused any kind of angst to anybody, especially because the Market Action we saw yesterday, nobody really seemed to be very surp