Alibaba upping its range. The bookses could today as the jack mott tour hits singapore. Futures fall. The nasdaq suffered its largest oneday drop in 2 1 2 months yesterday. Apple moving lower down over a percent. Some new reports say the new iphone will not be available in china any time soon. With equity markets near record highs, Companies Buying back their own stock at record rates. Humana, a 2 million plan just the latest of many. Ingalibaba taking another s in what could be the biggest ipo in world history. Increasing its range from 66 to 68 a share, up from 60 to 66. That would raise 28 billion at the top of that range with potential to expand 25 million if they exercise the option to buy more stock to satisfy demand. You were so early on saying we would feel the effects before it ever came to the tape. Thank you. I assume large degree thats what yesterday was about. A lot of friday growth selling. A lot of nasdaq underperformers. Facebook, 200 billion company, almost identical c
As a Global Economic indicator. They see obviously a tough 2013. They talk about it being choppy in the first half. For this year 2012 they have lowered their numbers. Again, this is the second time they have put out a cautionary tone and having to change the numbers. They said maybe in the back of 2013. So that sort of feels like a long time to wait. Everybody wants some numbers here and now. We did see the stock move here to the down side, but it has recovered and moved back into the green, so its up 1 1 4 . But this comes on the heels of other Dow Companies that came out with some tough numbers last week including mcdonalds and general electric. Back to you. Nicole thank you very much. Its been a rough week for Solar Companies. A judge confirming solyndras bankruptcy plan earlier today despite protests from the government which stands to lose about half a billion dollars invested in that company. So this comes after two more Companies Subsidized by the Energy Department of our gover
Something similar. Connell no, dont want to have to report it to the union, even though we are not in one. It was a pretty expensive gifts, without giving it all away. Dagen if you are trying to check off your christmas list, there you go. Stocks hit new highs, Nicole Petallides at the new york Stock Exchange. Nicole the Dow Jones Industrials hitting a record alltime intraday high today of 15,732. Still holding onto some nice gains of 69 points at the moment. The s p would be a record closing high, couple of points away from intraday alltime high. We continue to watch the market to the upside, waiting on the twitter ipo tomorrow. And yesterday was a real indication of the 10 business of this market. A quick look tesla effort recorded the quarterly numbers. The outlook falling a little shorter of what people had hoped for. Right now at 148. 82. Dagen thank you, nicole. Connell the obamacare rollout and website can and will be fixed. Facing another tough round of questioning in the senat
Bead beat. Europe in the green as draghi continues to talk down the euro. A shareholder friendly quarter for apple. A beat on the top and bottom line. Increased buyback, stock split calling it the isplit. Twofaced quarter for facebook. Profits blew away the estimates but Company Warning there might be a new normal of slower revenue growth. Another beat and victory for cost cuts, caterpillar raising its outlook. Sees improvements in the building industry. tis the season to make a health care deal. Zimmer buys rival more than 13 billion is the Purchase Price. The industry ripe for more consolidation . Apple coming off the companys best nonholedy quarter ever. Results did beat expectations as almost 44 million iphones were sold in the period. Apple announcing the seven for one stock split, 8 different hike and increase in the Share Buyback program. Ceo tim cook on last nights Conference Call. Take a listen. We decided to continue to allocate the vast majority of the Incremental Capital re