Why did she Financial Officer says it will cost to upgrade the technology. Adam it is a ratings agency, Cyber Security worlds cofounder will join us to talk about why target and neiman marcus, not close to being the most Vulnerable Companies and we will talk about what you need to know but first stocks near the highs of the day and the Stock Exchange, Nicole Petallides is there and we are seeing a sigh of relief. Nicole no doubt at all. We sold off 360 points, on stock 360 points and that was a loss of 2 . A bounce back on less volume from friday and monday but you are seeing a little bounce back. Over 1 2 , the nasdaq up 1. 1 , the s p up 3 4 , lots of nt you are seeing a little bounce back. Over 1 2 , the nasdaq up 1. 1 , the s p up 3 4 , lots of news to digest, factory orders slightly better than expected, weaker manufacturing numbers and at the end of the week, waiting on jobs numbers, company news from michael course, on the s p soaring, announced the microsoft ceo to name a few.
Gerri the scramble for salt. Sits and towns are bracing for the salt. Joining me with the problems municipalities are facing, we have pittsburghs chief operations officer, we have chris koch, public works director for paterson, new jersey and bruce sisler, the mayor for morristown, new jersey. Bruce, this seems to be a problem across the country but what kind of salt issues are you facing . A lot. The fact that the storms are so frequent. The fact there is archaic law right now that is hurting municipalities here in new jersey and across the east coast. Gerri youre talking about a centuryold maritime law keeping a whole lot of salt stranded, i believe in maine, right . It is, yes. And the fact of the matter is that the federal government should have some emergency provisions and some procedures they can release this on emergency basis. Gerri i know that senators, new jersey senaton this right nt could be a while before you guys see this. Now you were involved in this daytoday. What kin
It. The dow just went positive and is up all of about 17 points. So far so good. Well take it. Lets look at the big picture. The three charts you need to see now. Ill sew you the s p. Look at that. Take a little profit after that monster day yesterday. Were practically back to the flat line. The s p up 27 year to date and is the best year since 1997. Its hard to argue with the trend on this one. Back to the 1990s. Hello . Looking at the 10year, up three ticks. Its close to the threeyear high we saw in september when it got up to 3 for one particular day so keep your eye on 3 . Its not just psychological but is in effect a threeyear high. Moving on to gold, the polar opposite. Theres no bid for gold. Down 40, 11. 95. Were close to a multiyear low in gold. 11. 79 was the low you saw in july. You go through there and theres not a lot you can point to for support. Lets move on to the big three, the stocks were watching heading to the close. Julie is keeping an eye on them. Lets start with
Another Top Executive is out. The man in charge of the vision into the recalled switches is retiring. One lawyers, one of them just met with wellknown Victims Compensation attorney ken feinberg. Feinberg was hired by gm to oversee its victims fund. Bob hillard joins me. Great to have you back on the show. Start with feinberg. Apparently had a fourhour meeting with the man who was hired to explore a victims fund. What did he tell you. Good afternoon, gerri. Glad to be back with you. He wanted to understand the parameters cases that i have. He was serious about trying to get to the bottom how significant each one of the damage models were. We discussed generally you know, what it would take to try to get these resolved. It was clear that the meeting from ken feinbergs standpoint was preliminary. Im not sure if, you know, if he will ultimately be the mechanism by which my clients discuss with gm any potential settlement but gerri you put a lot on the table there. Lets break it down just a
Kind of quiet on the earnings front. It will get busier as the week goes on. Davos is one week away. I will be in zurich. Lets do a data check. Were looking at stocks and bonds and commodities. The yield is 2. 85 . Crude goes nowhere. Where did the vix close on friday . Nicely under 13. That is interesting. It speaks volumes about a sluggish jobs report. We will talk about that today. 6. 04. Inese yuan, that is a shop for anybody on the asia watch. Were blowing through to east stronger yuan. A good morning to all of you watching in canada as well. It is a twisted weekend. She sort of dressed like tina fey this morning. Scarlet fu with the front page. Were working on that. Page story, the Iran Nuclear Deal will take effect starting next monday. They will stop producing weapons Grade Nuclear fuel. Theeturn, remember that u. S. Will temporarily suspend the economic sanctions. Relief will be worth about 7 billion. It is a step. What size step would you give it . It is a first up. It is the