See how involved you can get today. We would love to hear from you. Another number is 21. Jim cramer is here to talk about the 21 ceos he thinks are worth betting on. The mad money man says the ceos behind these 21 stocks are worth investing in and the list is coming up in just about one minute. Another big number today . 48. In roman numerals as the countdown to the big game begins, we have the three men on the Super Bowl Committee, woody johnson, Jonathan Tisch and al kelly join us. Jim cramer and tyler are with us as well, getting set for cramers list of 21 bankable ceos. First we want to start with updating you on the other big themes of the day today. One of them is the dow which is down 34 points right now. The s p, a fractional gain on the trading session of 1 3 4 points. The nasdaq is up almost 19. Now lets quickly focus on two companies, both of which are really struggling based on their earnings news and thats part of why we saw that loss on the dow. Both have ceos trying to
Over why apple wont fix her broken ipad. Its a rich story, folks. Apple fighting back, but dont worry, we have the perfect person to fix your pad for your. Sue, meanwhile is at the nyse. How are you . Hi, ty. Im good. As you mentioned two brands in trouble, jc penney stock hitting Single Digits on concerns that retailer doesnt have enough cash to fund its operations into the Holiday Shopping season. It expects to raise 932 million in a stock sale. For blackberry it lost a billion dollars in its latest quarter paying out millions to executives. We have Courtney Reagan on the jc penney and seema mody on blackberry. Court, you go first on jc penneys attempts to turn things around or try to. Thats right. Good evening to you, sue. The retailer announcing it expects to end the year with liquidity in excess of 1. 3 billion, 200 million less than it expected at its Second Quarter earnings announcement. Jc penneys cash burn has been concern for a while. Its transformation isnt cheap. Its been a
On what to do. Watch your toes, sue. Absolutely, ty. Chilling pictures. Wait until you see them. Its amazing how close the sharks are getting to shore. We start with detroits bankruptcy filing. They filed the largest ever municipal bankruptcy late yesterday afternoon. The citys state appointed emergency manager sought bankruptcy protection rather than taking more money from the battered Emergency Services department to pay off the debt. Today michigans Governor Rick Snyder said many of the citys creditors arent sure theyll ever be repaid. This is the cover though of todays detroit free press. Its a pretty big headline and an optimistic one. It says a chance for a fresh start. Well, we certainly hope thats the case, but we dont know yet. Robert frank is reporting on how some may see opportunity now in detroit, of course, with the situation, but first, well start with Kayla Tausche on who the detroit bondholders are. Sue, Governor Snyder alluded to them but a lot of ink has been given to
Investors await next week s inflation data and Fed meeting for signals on stock market trajectory amid conflicting economic signals. S&P 500 s 12% YTD rise hinges on Fed s ability to manage inflation without hampering growth.
Northern Trust announced today that Ryan McCauley was promoted to Senior Managing Director for the Foundation & Institutional Advisors practice in the West Region. In this role, McCauley will lead a.