Connell well other states now fall after michigan. Dagen the president of stubhub is here to talk all about it. Connell first, lets get to the floor of the new york stock exchange. Nicole 1. 2 billion share repurchase. They are buying back shares from the estate of a longtime shareholder. Here is a look at stocks this morning. Very busy. It was halted for news. There is the stock right now. Almost 134,000 a share. Of almost 2. 5 . Lets take a look at the Broader Market average. The dow is up five days in a row. Traders say that the trend continues to the upside. The dollar is lower. Back to you. Connell you mentioned bad day. First, the latest from capital hill. They say we are over the fiscal cliff, unless tax rates go up. The sign will come from the fed. We will know in the next 90 minutes. Former atlanta fed joins us now. How is the decision connected, do you think, to the fiscal cliff . It has to do with balancing risks. They do not want to risk the recovery that we have underway a
Back to the floor of the Stock Exchange with Nicole Petallides. Stocks posting modest gains with a long way to go to make up losses. Nicole the late losses friday we got 200 points to virtually flat. Yesterday we drop 243 points so clearly we have to make enough on wall street. If you are able out there with some up arrows earnings were better today than we have seen over the last three trading days and that was something that contributed to the selling. Dow jones industrials up 30 points. The gain is 1 4 . And again like the s p 500. Three 2 dow components, first in boeing, First Quarter profit, the profit is something to watch, down at 6 and hurt by higher pension costs. They did raise their full year diet and that was good news but they miss the analyst estimates. It is now 3 4 . Third quarter revenue missing the estimate there. The other thing at t to note, this name is coming. Lori oil extending loss of trading down for fifth straight day. Phil flynn with the future of the cme, th
Streamers down. Surprise contraction in gdp. The economy shrinking for the first time in three and a half years. Lori also, betting big on library. Research in motion changing its name and unveiling the highly anticipated blackberry 10 device. Coming up in minutes. The ceo Thorsten Heins. Melissa and it turns out japans two Largest Airlines have had problems with the dreamliner battery long before the issue. Time for stocks as we do every 15 minutes, lets head to the floor of the New York Stock Exchange. Nicole petallides. Those gdp numbers keeping the dow away from 14,000. Nicole they certainly did throughout the morning. It brings concern when there is no good gdp numbers. There has been less on defense and concerns, lets take a look now, much like we have seen recently where the dow goes over that one change line over and over again. Today seems to be no different as we are back in positive territory. We havent taken out our highs we saw yesterday, five year highs for the s p 500, d
Of 1. 7 . That versus wall street estimates of 1 . The growth rate was revised downward just over 1 over the prior estimate of 1. 8 . So that hurt. Chicago pmi misses the street estimate but coming in higher than june. More Market Reaction on the floor of the New York Stock Exchange to check in with nicole. A new intraday high today. Lori that is right. A lot of numbers to take in. The big picture here is adp was good news ahead of the friday payrolls number. Gdp number that you got income a lot of the traders the first thing we noticed despite a beat this quarter, the latest quarter was revised downward so the egg picture as they continue to get mixed economic news. Dow jones industrial did hit a record intraday high, alltime high levels we have ever seen the nasdaq up 13th of 1 . Herbalife, lets quickly take a look at herbalife hitting new highs. After longterm speculation, he has taken a stake in herbalife. Back to you. Adam nicole petallides, thank you very much. Chairman and ceo o
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