Story so lets start with boeing. The stock has ben a winner in end is played with all of the negative headlines with a reminder. What happens what is so evident here with the chart this actually hit a new high today. It was well on its way back to the levels we have not seen since 2007 only now to see a drop dramatically you can see it now but how does it affect the overall market . It is calculated worth 52 negative it disappoints. So if not then the dow would be higher and being a part of the major averages we will continue to follow the story s you can see betty is selling. Lori a recent string ofevents h involved in the triple seven this is the dreamliner 787 but all questions it was the lithium ion battery that caused the fire and had to ground the entire fleet for couple of months. We will bring in noted Airline Analyst and president and ceo of his own firm. Thank you for joining us on short notice. We do not know for certain it was a battery issue. We dont know yet. The pitchers
Trade data out of china. And bernankes fed speech later on today. Tenyear note, one to watch as Mortgage Apps down four weeks in a row. And well keep our eye on europe. Mostly in the red. Our road map begins with the markets, rates are rising, but dont tell the bulls, the dow is 109 points from its alltime closing high. Following in Rupert Murdochs footsteps, the Tribune Company planning to split the broadcasting and Publishing Business taking the same path as murdochs news corcor. And coach gets initiated with an outperform. Well, the dow in the midst of the first foursession winning streak since the end of april. But stock futures are mixed after a surprise drop in june imports and exports adding to concerns about a slowdown in that country. Wall street is bracing for the 2 00 p. M. Eastern release from the minutes of last months fed policy meeting. Traders looking for further clues on when the fed might scale back the bond buying. Also, ben bernanke scheduled to address an economist
Closing below 1400 for the First Time Since june. Markets around the world are holding their cheollective brea as the allies and the u. S. Weigh options against syria. And such at a tack on syria could send crude surging to 150 barre barrel. And jpmorgan is going to settle lawsuits settled from subprime mortgages. The nasdaq and the s p coming off of the worst levels. And the fears of u. S. May attacking syria in the next few days, stocks are posting the biggest drop in eight weeks on the syria concerns. There is some line of thinking, jim, because today is a big event on the National Mall anniversary of the i have a dream speech, that the president may not act today and he is overseas and so a window of thursday and friday where if they are going to dit, they will do it. I read the speech again and i have to go listen to it. I do, too. And we listened to it tomorrow. Yes. It is on youtube and even though it is online, it is not part of the public domain. True . Yes, we can only play s
Win streak, the best since june. Tenyear yield this morning as Mortgage Apps basically collapsed last week, refis down 20 and well keep an eye on the mix of red and green arrows today. This is the best start to september since 2010, as the president announces he will delay the vote on a military vote in syria and give diplomacy a try. Are investors giving up on apple . No big surprises at yesterdays event. No big deal announced yet with china mobile and shares falling in the premarket. And netflix share at an alltime high. The deal with virgin media could change the relationship between netflix and the cable company. The president last night laid out his case for a military strike on syria saying its in Americas National security interests to work with allies to put chemical weapons under control. My administration has tried diplomacy and sanctions, warnings and negotiations but chemical weapons were still used by the assad regime. However, the last few days weve seen some encouraging
Department says the data is not complete, two states with faulty data. That number is probably going to be revised. Europe wrestling with euro production down. In the oned by putin in the times calling for caution in syria. Facebook looking to hit a second consecutive alltime high today. Ceo Mark Zuckerberg changes his tune about the ipo process. Shares of lululemon. And an initial public offering. Ill have more details in a moment. Weve had three tripledigit gains in the dow. Last time we had four tripledigit gains in a row, never. Doesnt look like were going to do it today judging from futures. We did have an eightday streak in july, longer than the sevenday streak. The s p, yes. I was looking at the s p. After that it didnt go down immediately. August was tough so maybe i dont know. Last night im watching the tape and unfortunately we saw some tough numbers from jay crew, which it just shows you if apparel how tough apparel if jay crew didnt do that well and theyre the best there is