The jobs number. The nikkei is now up 50 for the year. That is the best since 1972. Our road map begins with momentum from fridays jobs numbers. Markets looking to extend their momentums today after the dow and the s p turn in their first jump since a month ago. American Airlines Begins trading today after they blocked the merger of american and us airways. Mcdonalds samestores sales. If you are attempting to travel for business, were going to get you updated on the fallout from the big Cross Country winter storm as it moves out of the northeast. First up, stocks hoping to continue their upward momentum from fridays jobs. A 198point jump in the dow sent the blue chips up above 16,000. They saw their weekly winning streaks snapped at 8. We came within. 75 of a point on the s p of making it nine straight weeks up in a row. We havent done it since 04. Missed it by that much. Lack of bad news. We saw friday the beginning of what a lot of people are thinking, wait a second. Maybe the transi
Reserves. This chatter permeated almost every single moment of todays session. So in the interest of trying to help you make money, did you hear that, make money, as opposed to trying to force feed you some political nonsense about what bernanke should have done if he had half a brain and, yes, the commentary at that time, at many points today was that ugly. Boo let me give you a check list of what matters to the stock market and what doesnt because thats what were about. First of all what matters is the future, not the past. One of the chief criticisms i heard today is that given how strong the data has been today, hiring, very good housing statisti statistics, what the heck is bernanke doing by not getting Federal Reserve out of this ridiculous bond buying program. This is an unacceptable and foolish, lacking in rigor, line of thought. I want you to ponder for a moment, just ponder the notion that ben bernanke instead of running the fed runs a huge retailer. I want you to thing like
And 15 days of shopping time left before christmas. Weve got the power lunch focus group, where are shoppers going . How much are they spending . What are they buying and which stocks are likely to get a pop . Which will drop . Thanksgiving, the s p retail index up. 5 . Not much. Sue, despite the effort weve been putting into this shopping. I know. Ive been working my shopping fingers off, ty. Were talking about that ageold battle, stocks or bonds. You mentioned it has happened before, maybe you can win with both. Take a look the at the tenyear yield. It is up more than 3 in a month and the s p 500 is up 2 in that same period of time. But even though both assets are ticking up right now, that probably wont last forever. Senior economics reporter Steve Liesman joins us live from hq. Hey, sue. Always hard to tell how stocks will react. One thing is clear, everyone in the Interest Rate world, this will be a rate cycle like no other we have ever experienced. Some respects it looks now more
Consumer relief. And the story in the times are both talking about benghazi and that sort of led to a different settlement. Did you see this . No, i saw jon voight talking about this. Can we build some roads with this . I dont know, how are we going to build roads . Both parties believe we need to raise the party on gas leap. Didnt we collect like 50 billion . We are collecting a lot of money. Where is all the money going, do we know . Thats what im asking. Get some bridges the tax thing. Its the whole tax thing on whether we should lower taxes or higher taxes for the roads. Why wcant we use the 50 billion that we just collected . I dont know how it works. What is the department of justice going to do with it . I think they are going to give some of it back or something. Maybe a new Computer System at the i. R. S. Would be good. That might help. Maybe the cloud. Tell me about what does benghazi have to do with citigroup . So they were about to settle at a different price. Yeah. And the
Has never seen before . Good evening, everybody, and welcome, im tyler mathisen, stocks eked out small gains on this slick and slippery monday, and shares were not the only reason they had trouble getting traction, there was more on the taper today, in case you have been away, there is discuss on when and where the Federal Reserve may wind down the spending measures. Today, the talk came from two fed Bank President s, dallas Richard Fisher said the Bond Buying Program should be curtailed at the earliest opportunity. Meanwhile, James Bullard said the strength boosts the case for tapers as soon as the feds meet. Todays modest gains coupled with fridays surge suggests that the whole idea of tapering doesnt scare investors the way it once did, the dow up five points, nasdaq gained six, the s p up three. And policymakers watching closely the budget talks on capitol hill. The hope is that lawmakers make a deal before adjourning for the Christmas Holiday and removing the fear of another gover