Digital shift among retailers. First, we have the top stories of the day. Ferguson, missouri, avoiding a second day of riot following the move by the governor to boost security. He tripled the number of National Guard troops to about 2200. Meanwhile the Police Officer who shot Michael Brown is speaking publicly for the first time. He was interviewed by abcs george stephanopoulos. I dont think that its haunting. Its always going to be something that happened. You have a very clean conscience. The reason is because i know i did my job right. Wilson is also the subject of a Justice Department investigation. Homes in the u. S. Unexpectedly dropped in october, the pending home sales index dropped more than 1 . The National Association of realtors seven that was due to lacking wage growth and tight spending conditions. 35er, valuing the company at billion to 45 billion according to those with knowledge of the matter. T. Rowe price is being discussed as a new investor. Fidelity is also set to
Busy week for data. Dreamworks up in premarket. Considering a buyout of the movie studio. Insight on whats going on. Reports apple could be facing fines of more than 1 billion euros over deal to allegedly minimize its tax bill in europe. Facebooks new ad system. Gopros new cameras as well. Futures lower, negative tone set overnight as the unrest in hong kong sent the hang seng down 1. 9 . Stocks off a volatile week, the dow posted triple digit moves every day. The worst week for the market since the week ending august 1st. Andrew and jim talking whether were at a stage where we know if the dip gets bought or not. Right, weve got this weird binary approach to the market. For instance, say youre in a vacuum, youve got Consumer Spending this morning, plus. 5, i thought terrific number. Consumer income, plus three, terrific number. In a vacuum, we should be going higher. What are we doing going higher friday . Other than nike, what went right . Were in the grips of were going to be making
Reference. 5000 way back when. Absolutely a day of round numbers, impressive ones at that. Vanessa nasdaq at the level of 4000 like we did earlier since the year 2000. It is somewhat a monumental day. New highs for the dow and the s p 500 above the 1800 mark so new highs as we continue to watch the market gaining that momentum and they will not quit. Other names on the move, lets take a look at sears. A great performer on the s p 500. Stocks hitting a new high. Rewarding loyal customers but they came under some Sales Numbers that were disappointed. The ceo says he is not as close to closing stores. Back to you. Connell nicole, thank you very much. The other story is United States and iran reaching a deal to freeze the Nuclear Program for six months, but the fallout has farreaching impacts among political and economic. Oil prices falling today, something we are watching but the political impact is much more complicated as you have lawmakers on both sides who are skeptical of this deal t
Everyone from Social Security pensioners to bondholders. It wouldnt necessarily lead to a default. Lew urged congress to raise the Borrowing Limit. Cheryl James Bullard said the fed taper is likely less to come this month given shutdown in washington and data lag and debt ceiling fight. David imagine this, folks we had a huge rally despite the number of firsttime jobless claims soared 66,000 last month to a sixmonth high of 374,000. Officials said, the number was distorted by reporting problems in california. The effects of the partial government shut down. Again, bad news, good market rally. Cheryl u. S. Shoppers remaining cautious in the month of september ahead of the Holiday Shopping season. Thomson reuters samestore sales index rose 2. 2 . That is weaker than expected. David Liberty Media chairman john malone said Cable Companies should set up arrive val to netflix. They believe it would help the cable industry solve the problem of high costs. He is a happy man. After the bell on
Good morning and welcome to Aljazeera America on this monday. A group of european lawmakers arrived in washington today and want answers concerning the n. S. A. Spying program. A number of reports almost all based on information leaked by former n. S. A. Contractor Edward Snowden suggest the u. S. Has been spying on many countries and their leaders, including important u. S. Allies. The white house denies the report that president obama knew the n. S. A. Was eavesdropping on german leader angela merkel. We have the latest. A nine member delegation will meet with senior government officials over allegations of widespread spying against leaders. New allegations surfaced that president obama approved spying on german chancellor angela merkel. According to the wall street journal, the president was unaware the n. S. A. Was spying on World Leaders and ordered the agency to stop some of the monitoring programs after learning of them. The president assured the chancellor that the United State