Dow. The dow had three 128point gain on the dow. They had three new entries. Randy warren, warren financial services. Chief investment officer. He says the best way to play the markets is in equities. He has three top picks. Larry shover, our standardbearer from the cme. Larry, i want to start with you. I call it a relief rally because of news on syria. We got this as breaking news. John kerry will meet on thursday with russias foreign minister. Talk about the plan that started accidentally came out of the mouth of john kerry. It turned into reality as russians and syrians turned it over. Looks like it might become policy. Is all this is relief rally what were seeing in the market . Another way to put it. David it is painful rally. This started at end of august. People were downsizing exposure to the stock market with a mine filed of things around us, syria, tapering, what have you. People were very worried and as things go we see a tremendous impressive rally, eight of the nine last d
Orders for bigticket items in the u. S. Slumped 7. 3 in july. This is the first retreat in four months. The decline came mostly on the back of fewer passenger jet orders. That is where it was focused with the airlines which plunged 56. 3 . New york city state attorney general as im sure you saw filed a lawsuit against the donald, donald trump and his forprofit Investment School charging them with making false claims and engaging in illegal business practices. The lawsuit seeks restitution of at least 40 million. Trump as legal team tells us at fox business that the ag has been trying to settle with them for months but they have rejected his proposed deal. Amgen announced a deal to bionics pharmaceuticals for roughly 10. 4 billion this is allcash deal. It values onyx at 125 a share. Bats Global Markets will merge with rival Stock Exchange company, direct edge holdings. It will unseat the nasdaq as the second largest u. S. Stock Exchange Operator by volume. According to the wall street j
Company to Ares Management and the Canada Pension Plan Investment Board for 6 billion. The deal marks the end of a years long effort to sell the retailer. Delta air lines. Stock is surging today on news the carrier is going to join the s p 500. The airline will be added to the index tomorrow. After the market closes. Nicole already her little plastic plane ready to go. David good for delta. Investors ignored downbeat news about kfc and pizza hut parent yum brands and pushed the stock higher. Yum announced a big august sales decline in china following a bird scare and bird flu outbreak. Microsoft is getting red to relaunch the slowselling surface tablet. The tech giant sending out invitations for a event here in new york on september 23rd. David a lot of commercials on the football channels. Google offered new concessions to end threeyear antitrust investigation by european regulators. The company trying avert a possible 5 billiondollar fine. Busy day here. After the bell starts right n
Capital requirements and the like. Bank of america was the good news. That really held strong all day long on the dow jones industrials. Jpmorgan on the other hand not so much obviously with those fed findings coupled with the fact theyre in washington facing all the questions about the london whale. A tough day for jpmorgan. Sandra happy friday, to you, nicole. Were seeing groupon seeing a huge rally. Up 7 . Investor bill miller say he is very bullish on the name right now. Right. We saw that Early Morning before the opening bell. That has been the trend all day. All you need one big guy on the street with positive comments and a big move. Much like the analyst call. David then we have apple which is popping despite this new Samsung Phone which i think has been overhyped, this ithing. Not quite what it was pumped up to. I know what you mean. Eye scrolling technology. David not really eye scrolling. Head moving. Not eye scrolling. Whatever it is. You know what . Apple is popping today.
Lori a very good monday afternoon. I am lori rothman. Melissa i am melissa francis. The dow and the s p and the green. Lori it is a tough sell. Is it time to take another look into bonds . Please say if you blend it, they will come. Ethanol gas is squeezing refiners. How you may be forced to pay for it at the pump. Lori the ryan budget plan. Lets get you set up with the first market check. It is time for markets now. Nicole petallides. Nicole what a day on wall street. Another day and another intraday record highs for the Dow Jones Industrials. You would think the market is overbought. A little too nervous to short the market. Celebration for the polls out there with record highs for the dow. I wanted to also take a look at the vix, the fear index. 1176. Obviously, this fear gauge is a barometer of what people think will be likely over the next 30 days. I wanted to take a look at dow component general electric. Now we are hearing about the nominations for a board member. That would be