And oil slipped 1. 35. In earnings after hours, Online Video Company netflix topped forecasts, but subscriber numbers were lower that expected. And chipmaker Texas Instruments beat the street on earnings and revenue. And a Southwest Airlines landing mishap that closed down laguardia aiport last night is under investigation. The boeing 737s nose gear reportedly collapsed. Glenn schultz of Performance Trust is studying the bond market for us today. Good morning glenn, and whats likely to move the market this week . Good morning. The bond market is looking at a couple of things. One of the questions on the bond markets mind is what is higher Mortgage Rate going to do with respect for the demand for housing and the housing recovery Going Forward . So monday we had existing home sales. That was down 1. 2 vs. A consensus of 1. 5 . But the market really came to realize that the decline in the existing home sales was due to tight supply. This morning we have home prices. The market is going to
Expectations. This stock will defintly be in focus today. In yesterdays trading action, the dow fell 26 points. A troubled outlook from caterpillar led the downfall. The nasdaq eeked out a one point gain, but apple was a big winner on the day with a 5 jump off of earnings. And the s p pulled back 6 points. Gold was off by 13, and oil lost 1. 91. In earnings afterhours last night, qualcom topped analysts targets with a 35 increase in revenue. Shares rose nearly 3 dollars in late trading. What better way to start your day than with a guy in a cow jacket . Scott shellady of treon group joins us now. Good morning, good to see you back on the show. Good morning. What trends do you see in the market right now . I think the one that were paying most attention to and focused on is were getting a little bit nervous about the consumer. The consumer has really been the one who lifted us out of the problems that were in right now, and i think thats slowing. Usually we can count on them to be growi
Bedroom of that house. Ken reporter julie, homicides in this part of the area are rare, homicides are unheard of. The chief tells us he has not heard of one since the 1980s. Investigators have been going in and out of the area. Three men were shot and killed here but he is not releasing many details. He does say People Associated with the victims are cooperating with authorities. And that hopefully will lead to the identity of the person or persons responsible for this crime. Investigators say this was not a murder suicide but they would not say much more about the crime scene. There did not appear to be a struggle and they died of gunshot wounds. Kind of an execution style. Im not going to discuss. Reporter is it a murder suicide . It is not a murder suicide. Reporter the bodies found together in one bedroom of the one of the houses in this property. The area is surrounded by dense vegetation. The detective was asked if there was marijuana on the property but he would not comment on t
Talk about there. Alls fair in love and hashtags. The wall street journal reports facebook is preparing its own verision of hashtags similar to twitters so users can connect to common trending topics. And, gm reportedly revs up plans for an entrylevel corvette that will cost under 50 grand. Let the good times roll. Scott bauer of trading advatage joins us from the trading floor. Good morning to you, and happy friday. Hi. Good morning angie. The dow has rallied every friday so far this year. Will it happen again scott . I dont see any reason that it wont. Yesterday we saw the banks actually get into this rally here j. P. Morgan, Goldman Sachs, citigroup. And with options expiration being later today, what you are going to find is if the market does in fact rally, even just a little bit, there is going to be a lot of shortcovering going into the close of the market. People that are short options with strikes just above where maybe their stocks are trading, are going to have to cover. So
Hello and welcome to update news. Im liz olveda. And im jessica melcher. Thanks for joining us. Black History Month is over and it ended with a bit of a controversy on campus. An opinion piece in the spartan daily questioned whether the annual event is redundant. Update News Reporter Victor Guzman is live on campus with a recap of the uproar that followed. This is the article that upset many on this campus. And yesterday a large crowd gathered at the smithcarlos statues to express their feelings. Nat sound black and im proud the black thursday rally at the statues of tommy smith and john carlos had already been planned before the offending article was published some demonstrators held the article as they silently marched through the campus. And it was at the statues where they loudly voiced their objections. Emerald green, African American student leader we all know we have a library, Martin Luther king library, right . Its been here since 2003. Its 2013 now, thats a ten yearten year t