Nicole the profit numbers missed the analyst expectations. Farm equipment maker actually reported weaker than expected numbers. Some expenses that cut into their earnings. And a stronger dollar also played a factor. They know that was something of an issue. As far as 2013, where did they expect growth . The Company Expected south america to show the strongest demand in 2013. Lets take a look at the dow jones industrial. Up 21 points. So far, we still have a winning week on wall street. We will see if this is our winning week. Back to you. Connell thank you very much. Dagen there is no way around it. If congress cannot get its act together on the fiscal cliff, taxes for the vast americans will go out. 90 of households in this country will pay higher taxes if the u. S. Goes off that cliff. With low income families among the hardest hit. Connell charlie wrangle, congressman from new york, he is here in studio with us. We have to get a deal done. It would be irresponsible for congress to g
And Reynolds American moving of 0. 23. So forget what i said about decisions have a huge impact on stocks. And remember convicted ponzi scheme mastermind Allen Stanford . Remember him . High Court Considering to shut down classaction lawsuits from investors. The ver victims who lost billios investing in a 7. 2 billion scam. The justices are expected to rule on that case sometime next year. This is massive breaking news. But you never heard me say this. Putting the pressure on a stock right now. Nicole petallides on the floor of the New York Stock Exchange. What is this about . Nicole lets break the news right here. Talk about the wellknown of boots, ahead of this company. The shares are to the downside nearly 7 lower. There have been talks based on some surveys, warning the sales trend has been dwindling, and so now the question is if the company is using sheepskin substitute. That may be for some of the boots. Do you want uggs if it is a substitute . Maybe you do, maybe you dont. Mayb
Believes washington must do Everything Possible to avoid defaulting on its debt. Liz the adp jobs report came out weaker than forecast. Adp said companies hired 166,000 new workers since september. The august increase was revised downward to 159,000. David we may not get the friday report. So which have to rely on adp. Activist investor dan lobe is turning up the heat on sothebys and wants to out of the man who is both chairman and ceo. Lobe says the auction houses leader has failed to grasp the modern art world. Liz the seed giant, monsanto agreed to buy the farm Analytics Firm farm corp for 930 million. Monsanto announce ad deeper quarterly loss as sales dropped. David reuters, reported that cargo, one of the leading traders is in final stages of the deal to buy Archer Daniels midland cocoa business. If it goes ahead it would have a price setting global giant. We have a lot of news breaking this hour. After the bell starts right now. Liz look where we ended today, david . Down 60. Ju
Those cuts amount to 4 of the Companies Workforce and is estimated to save 1. 1 billion every year. Stocks now and every 15 minutes. Nicole petallides. Nicole we are looking at a market that is to the downside. Lets take a look at citigroup. It is about 4 of the workforce. Citigroup is higher. It has had an up arrow throughout the day today. We saw the Dow Jones Industrials this week to the downside. We had two consecutive days in selling. Down arrows for the nasdaq. Down 1. 1 . Connell breaking news out of washington. Earlier, Speaker Boehner speaking about the fiscal cliff. Now it is president obama. Lets listen. We have emerged not yet where we need to be, but we certainly have made progress. The reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. I have said this to some of the small groups, let me repeat it to the large groups, i am pass
Connell were back together. This is really, really exciting. You barely spoke to me all morning. Wouldnt make eye contact with me. Connell making it up for now. Not forcing eye contact. Look at camera. Dagen sane happiness. Connell very much. Dagen good morning, everybody. This is no laughing matter because for most of the country it is brutally cold outside and temperatures are dangerously low. Connell yes. You take a look at this, many in the Science Community blaming the cold on the polar vortex on this nasa image. Split two stormlike images. One going into the continental United States. This is your polar vortex. Dagen that is creating temperatures many of us battling with it. Jeff flock with the Business Impact of this weather from chicago. Look at memphis. Look at current winddhill temperatures in places. Folks dont have clothes in their closets to deal with temperatures that low. Connell today, it was ridiculous this morning it will be 50s and tonight, 8 degrees the same day. Da