Row. Gold edged up 3 dollars and oil fell a dime. Jp morgan has a tenative agreement to pay 4. 5 billion dolalrs to settle claims with investors who lost money on Mortgage Backed securities in the housing crisis. On capitol hill this week. Budget talks continue and janet yellen could be approved to become the next fed chair by the Senate Banking committee. This market continues to show strength. Larry shover of sfg alternatives join us on this monday morning. Good morning to you larry. Good morning. Its a yellen kind of a week but its also another week that we could see another record run. It could be. Last week was six weeks in a row of the market being up. A lot of people blaming it on the fact that yellen is somehowbut nothings really changed except they just reiterated the zero Interest Rate policy and how thats gonna be extended for a long period of time. Thats going to help underpin risk settlement. And yet crude has been on a losing streak. The biggest one weve seen in a long ti
And microsoft beat estimates, reporting a smaller than expected profit decline. The markets were in the green most of the day. All the indexes closed higher the dow, barely. For the 2nd day gold futures rose a direct result of all the hang wringing over russia and ukraine. That also drove oil futures up. Online broker Charles Schwab and company has been fined a half a Million Dollars. Regulators say it added language to client agreements to prevent them from joining class action lawsuits against the company. Next tuesday. The date Just Announced when the Senate Banking committee will vote on whether to confirm president obamas 3 candidates to joing the federal reserver board. All 3 are expected to win confirmation. Our trader this morning is bob iaccino from tethys partners. Let me ask you about durable good orders look pretty promising, a lot of the earnings numbers were looking good and yet the markets didnt show a lot of enthusiasm. Youre right. I think that what youre seeing especi
Stock split and that it would greatly increase its stock buyback plan. Its shares took off in after hours trading. But not so for the overall market. A setback in ukraine negative Economic Data set off a slight selloff yesterday for the first time this week the main indexes were all down. For the 1st time in 4 trading sessions gold closed higher by 4 dollars. Oil slipped 31 cents. In photo ops and meetings president obama is making the rounds in south east asia. For the past two days hes been in japan. He wants to reassure the japanese the us is committed to to protecting their economic and National Security interests. In the course of the next week he will also visit south korea, malaysia and the phillipines. And a small side bar item. Its take your kids to work day, so take them along and show em what you do all day when youre away from home. Our trader today is phillip streible,he s with rjo futures. Let me talk commodities. Thats your specialty after all. Wasnt oil just 104 a barre
This is the first commercial disaster since nasa ended its shuttle program. Its a tough time to use a launch vehicle like this. Lava flowing from hawaiis kill kilaueas volcano is inching towards pahoa. Its eliminated its first obstacle. Its very sad. Government suing at t for allegedly misleading millions of customers with unlimited data plans. They say after the customers signed up, they reduced their data speed. The second dallas nurse infected with ebola is now back home and ebola free. Meanwhile Chris Christie remains unapologetic about cover con facing kaci hickox and dismisses her threat to sue. Whatever. Get in line. The leak after a guard was shot at the canadian parliament. Women can have a tough time Walking Around in new york city. A new video aims to prove it. Whats up, girl, how you doing . All that 1989. Because you were born in 1989. I have ties older than you. I knew you were going to do this. Its official. Game seven tomorrow night. Royals win game six, 100. This place
The International Community is warning russia the mission should not be using as a predecks for an invasion. Kiev says it wont let the vehicles cross on to its territory. Meantime in iraq, the Obama Administration is sending 130 military advisers to northern part of iraq to advise those on the ground. Well have a live report in just a few minutes. Among the other tests for the u. S. Markets today, we have earnings and economic numbers. At 8 30 eastern time, we get july retail sales. Well be talking more about the economy in the next half hour with squawk master and blackrock chief Investment Officer russ koesterich. Scott. Thanks so much. Shares of candy crushmaker king plummeting this morning. Results were hurt as people spend less mon. Analysts warn king needs tovent another successful hit. If not, they say face a similar fate as zingah. The Justice Department wants more information on tysons deal for hillshire. It would be the biggest transaction yet in the meat markets. Flooding fr