Financial news, analysis, and todays investment ideas. Good morning. Its thursday, november 15th. Im angela miles. In todays first look traders will likely react to earnings today from walmart and target after getting clues into how the consumer is holding up. Yesterday the market took a plunge. The dow fell nearly 200 points. Stocks dropped on fears washington will be slow to break out a workable budget, the fed hinting at the need for more stimulus, and air strikes in the middle east. Reports say the federal Housing Administration is close to running out of money reserves as mortgage delinquencies rise. Gm set a goal of producing a half million electric cars per year starting in 2017. And starbucks plans to buy teavana for 620 million in cash. Lets get the breakdown now on Market Action with Phillip Streible of rjo futures. Good to have you on the show. Good morning to you. And how significant was yesterdays selloff . It was fairly significant. I mean, we saw just no bounce whatsoeve
A return to profitability but missed on sales targets. Google had an earnings miss even though profits were up. And zynga is cutting staff and buying mobile Video Game Company natrual motion. Shares rallied 21 after the close. Janet yellen will be sworn in monday morning as the new chair of the federal reserve. And, marketwatch reports starbucks is considering an app that lets customers order ahead for their coffee. Traders may need an extra shot of espresso to keep up with the market today. Joining us now is daniel stecich of athena advisor services. Good morning. Is it buyer beware with the stock market . I dont think its buyer beware, i think its buyer you might have some good opportunityhere because in the past couple of weeks we have had some stocks get punished. Could be solid stockskeep an eye on them. I think its on unusual worriesemerging market worries and china worries. Those dont bother me right now. I want to Pay Attention to our Economic Data and right now that is good. T
Youre watching First Business financial news, analysis, and todays investment ideas. Good morning. Its wednesday, november 21st. Im angela miles. In todays first look turkey tracks Trading Volume is expected to be lighter than normal toward the end of the session as traders head home for the holiday. Yesterday trading was a mixed bag of small gains and losses with the exception of oil, which fell 2. Fed chair ben bernanke is urging lawmakers to strike a deal on the fiscal cliff sooner rather than later, otherwise the nation will return to recession. The Obama Administartion formally proposed new rules on healthcare, including requiring coverage for preexisting conditions and minimum Health Benefits for millions. And in earnings after hours, salesforce. Com rallied on betterthanexpected news, while the zale fell 10 as the company lost some shine on earnings. Larry shover of sfg alternatives joins us now. Those reports larry of ceasefire coming out of israel really rocked the oil market
Plus, well take a look at the advances parents are making to help their children become financially savvy. College costs continue to soar. Our guest is dishing out tips on cutting the expense. Why he says you dont have to be at the top of your class to find a top scholarship. And, let the holiday movie season commence. A review of some of the biggest and smallest flicks to hit the big screen in the coming months. Nonprofit organizations are facing a big dilemna many of their donors are elderly, in poor health and there are fewer of them each year, and there arent enough new donors to pick up the slack. In our cover story, how one nonprofit is using Business Strategies to make a difference. The privatelyfunded Pritzker Military library is one of chicagos bestkept secrets. Our biggest problem is no one knows were here. But the pritzker is changing that, promoting social media to participate in live presentations on subjects you might think would be of little interest to the connected gen
Dow s p. And nasdaq reached its highest level for 2014. Gold pushed upward. As Oil Continues to trade above 100 dollars per barrel. Banks get the okay to inhale pot money. Regulators made it possible for banks to do business with licenses marijuna companies. And autoworkers at a volkswagen plant in Chattanooga Tennesee voted to become a union shop. Its huge plus for uaw. Its the first the union organize worker at foreign plant. And autoworkers at volkswagen plant in chattanooga tennessee voted to reject a union. It would have been the first time the uaw organized workers at a foreign plant. Scott bauer of trading advantage joins us now for some trader talk on this Tuesday Morning. Good morning to you. Hi there angie. What are you watching for this week . Will you be watching the commodities space . Last week we saw the heavy volume was really in the commodities space. And actually lots of volatility especially in natural gas and oil and gold. We saw gold top1300 for the first time in q