Ending modestly higher as anticipation builds for the expected announcement of a massive stimulus package from the European Central bank. Heres how things looked at the close. The dow up 39 points despite a big drag from a 3 decline in shares of ibm following weaker full year guidance. The nasdaq was up 12 and the s p added 9 points. With stocks gains and losses today, investors are looking for some real direction tomorrow when we learn just what the ecb has in store for europe and for the global economy. The European Central bank has one big tool left in its belt quantitative easing. A massive Bond Buying Program aimed at restoring growth to its economy similar to the one the u. S. Federal reserve ended latz fall. The Big Questions are, just how big will the program be how many euros are involved how long will it last and ultimately will it be enough to make a difference . To think that the ecb has a magic wand and will already change all the situation in europe by its magic wand in m
Private email account to conduct business as secretary of state. In two thousand eight, barack obama campaigned on the theme of hope and change. Now a new poll shows that americans want more change than they saw back then. 59 of those surveyed said they prefer a candidate who wants greater you can bring greater change. 51 say that Hillary Clinton represents a return to the past. While 60 say the same thing about jeb bush. The dollar has strengthened to a near 12youre a high against the euro 12year high against the euro. The Dow Jones Industrial average at this hour is also lagging. The dow is down 1. 4 . The nasdaq composite index is in the red as well. It is down 1. 25 . Investors like the shakeup at Credit Suisse. Shares rose after the company said that the ceo, bradley dugan, will leave at the end of june. Dugan, unamerican, has led Credit Suisse since 2011. Dougan an american, has led Credit Suisse since 2011. We have a lot of good people a really great staff. Mark dougan was one o
Francine we are getting news and the sovereign wealth fund, i know. Guy johnson 5. 3 as stocks rallied around the world with the Norwegian Wealth Fund having a nice First Quarter. It is the end of the First Quarter and 2. 3 in real estate. Breaking out, asset allocation. Francine the company cut the forecast. What a share reaction, losing 6 billion. It tanked. Look at the share price. The company was trending on its own site for the wrong reasons. The numbers were leaked and the investors were aware of the growth. You are not profitable. You are not giving us enough. 74 looks like a nice number. Versus the estimate and the company that used to post double the growth remember this is not the membership of facebook. It will be up and they wanted more why only now. We will see growth about 60 for the whole year. Is this a worry that they are not. How can you substantiate . How can you provide that money when you are not seeing profit coming through . He spent no less than seven hours on t
Did the results and outlooks matter to the market when washington is such a huge concern . And hitten debt storm, there is a developing crisis larger than detroit, this time puerto rico and if you think it doesnt affect you, look at your mutual fund. You may puerto rico funds and not know it. We have that and more on nightly Business Report for tuesday, october 8th. Good evening everyone and welcome. The war of words heated up and stocks and bonds cooled off again today with todays losses driven by the freezeup in washington over the debt limit and Government Shutdown, the dow shed all of septembers gains. Its down a staggering 900 points from the alltime closing high hit just three weeks ago. Thats nearly 6 and today was the worst day in six weeks for the s p 500 and nasdaq. That market fell 2 and volatility spiked to its highest level since june because there is seemingly no movement and no discussion between president obama and House Speaker boehner over the reopening of the governm
Rico and if you think it doesnt affect you, look at your mutual fund. You may puerto rico funds and not know it. We have that and more on nightly Business Report for tuesday, october 8th. Good evening everyone and welcome. The war of words heated up and stocks and bonds cooled off again today with todays losses driven by the freezeup in washington over the debt limit and Government Shutdown, the dow shed all of septembers gains. Its down a staggering 900 points from the alltime closing high hit just three weeks ago. Thats nearly 6 and today was the worst day in six weeks for the s p 500 and nasdaq. That market fell 2 and volatility spiked to its highest level since june because there is seemingly no movement and no discussion between president obama and House Speaker boehner over the reopening of the government and averting a federal default in nine days time. Here is how the president characterized the stakes in the press room this afternoon. A decision to actually go through with it,