Driving potential investors to the stock line as the american stock market but not the American Economy suffers daily from hedge funds starting rel t relentle relentlessly in and out of our stock. The dow sank 42 points and s p gave up and dow declined its one more day we have to suffer from the volatility these funds leave in their wake. They obscure the good news happening in this country. Our horribly weak stock market this morning was like a different market for the rest of the day. It reflects their Collateral Damage an not our fundamentals which is why i came bouncing back later in the day. The market regained its equilibrium. Consider the positives for a moment. Positives hidden by bizarre moves like the hideous opening this morning. Before the opening i was incredibly heartened to learn Consumer Spending in this country rose. 5 , income increased. 3 . They show a confident consumer emerging. Its something that should have driven our stock market up and not down. Its clearer the
Healthy. The european powerhouse posting a mere 2 rise in exports. Irans extreme leader accuses western leaders of, quote, arrogance, after Nuclear Talks fail in vienna. This despite references to a deal will be eventually made. And currency headwinds denting fishers become line. The stocks open in the red after an 11 drop in profits. Youre watching Worldwide Exchange, bringing you Business News from around the globe. And the our top story right now, several buildings and cars in ferguson, missouri, are on fire after protests over a grand jury decision not to indict a white Police Officer after the shooting of a teenager turned violent. The grand jury determined he acted in selfdefense. Browns parents said they are extremely disappointed, but urged the public to make a positive change. We need to recognize this is not just an issue for ferguson, this is an issue for america. We have made enormous progress in Race Relations over the course of the past several decades. I have witnessed t
Talks today and reconvene in december. Successful talks could open the door to ending sanctions on iran. Brian, over to you. Thank you very much. Good morning, everybody. In Corporate News starting your week, American Airlines and its pilots union say they will keep talking with the goal of reaching a new labor deal by middecember. The two sides putting off a plan for arbitration. By the way, shares of american have been up this year 70 . Speaking of the skies, commercial drone users are still waiting for new federal rules. The days wall street journal is reporting the faa will require operators to have a license, limit flights to daylight hours, remain below 400 feet and stay within sight of the person at the controls at all times. And the 2014 shipping season is coming to a very early end on the upper mississippi river. The reason . Ice. This is said to be the seasons earliest closing in nearly 50 years. It is bad news for many farmers who are now going to have to find other ways to
Leaving investors wondering why. All that and more tonight on nightly Business Report for monday, november 24th. Good evening, everyone. More alltime closing highs for the dow and the s p 500 today and well get more on todays Market Action in just a moment. But we begin with an avalanche of Economic Data that investors are focusing on stuffed like a turkey into the next two days ahead of the thanksgiving holiday and a shortened day of trading on friday. That data includes the latest on Third Quarter gdp, home prices for september and Consumer Confidence for this month. Theyre all out tomorrow. And on wednesday, well get initial jobless claims as well as durable goods orders, personal income and spending and new home sales all for the month of october. Steve liesman has more on the big data points worth watching this week. Reporter a generous helping of Economic Data tomorrow and wednesday should give investors plenty to chew on ahead of their holiday meals. The servings begin with a se
Giving a reason. Leaving investors wondering why. All that and more tonight on nightly Business Report for monday, november 24th. Good evening, everyone. More alltime closing highs for the dow and the s p 500 today and well get more on todays Market Action in just a moment. But we begin with an avalanche of Economic Data that investors are focusing on stuffed like a turkey into the next two days ahead of the thanksgiving holiday and a shortened day of trading on friday. That data includes the latest on Third Quarter gdp, home prices for september and Consumer Confidence for this month. Theyre all out tomorrow. And on wednesday, well get initial jobless claims as well as durable goods orders, personal income and spending and new home sales all for the month of october. Steve liesman has more on the big data points worth watching this week. Reporter a generous helping of Economic Data tomorrow and wednesday should give investors plenty to chew on ahead of their holiday meals. The serving