Week away from the first world cup game in brazil. The country has spent 11 billion on 12 new stadiums. However, brazilians are not sure that it is worth all that money. Tops get straight to our story. Reports allege that icahn, mickelson, and a prominent las vegas gambler are being probed by u. S. Authorities for Insider Trading. Our Senior Markets correspondent has more on this developing story. The trade at the center of this investigation is already three years old. What do we know at this point . Know, according to the wall street journal and the new york times, that at the new york times, that epicenter of this investigation is that clorox deal in trade surrounding it. That happened in the summer of 2011 when carl icahn made an offer to buy clorox, and offer that eventually did not come to fruition, but there were a number of options trades in advance of that deal. That is what sparked this investigation in the first place. However, it has been three years and this still remains
Yesterday, the Semiconductor Stocks which lagged so much, back in play again today. Up 19 points at 3,504. So the dow and the s p making a twofortwo. This week, in addition to last weeks rally. Bob has the big hitters for us. Bob . Reporter not closing at the highs, but not far from it. A nice twoday run. Putting up the major sectors today. I want to note the transports were huge today. Very rare to see a twopercentage point, essentially, move, a difference between the dow transports and the dow industrials. Midcaps did very well. Look at the nasdaq. Thats a 12year high for the nasdaq. Russell 2000, historic high. The reason for the move up in the transports . Well, there was some talk and discussion and some rumors that mr. Ackman might be taking a stake in fedex through a new fund hes starting. Other stocks in the group, in the transports, like matson, csx, jet blue, all on the upside. And the outlier, the homebuilders, on the upside. My guess is there are some people betting that pe
15,542 is the intraday high. 409, the closing high. So weve had the little box counting down the number of points we are within that range. But right now, about 100 shy. Fourth consecutive up day for the dow. And the best fourday gain the dow has seen since the beginning of the year. When we launched this whole madness for 2013. So this is a strong rally any way you look at it. A couple of traders down here saying it sounds eerily familiar to back what happened remember may 21st . Thats where we set the highs for the s p, and what happened the next day. Ben bernanke. Who do we hear from tomorrow . The Federal Reserve. Oh, boy. Deja vu all over again. Meanwhile, reaction still pouring in about Eliot Spitzers attempted comeback in politics. Wall street and the banks are not happy, but you know who we havent heard from yet, the person that spitt erspitzer wil running against for comptroller, but you will be hearing from Scott Stringer here. Hell be here with us, and well get his reaction
Apple has its that were talking about. 17,000 and 2000. Some names ripping 230 on the big merck deal. Well talk about that coming up and big newsmaker interview coming up. Tyson ceo donny smith, thats right, hes breaking the bank and winning the bidding war for hillshire brands, paying a whopping 7. 8 billion for the maker of jimmy dean sausages, among others. Why was he willing to go that high . Well ask him about that and more in an exclusive interview. Thats a lot of pork. Also on closing bell exclusively Electronic Arts Ceo Andrew Wilson live ahead of the much anticipated e3 conference, making news at this hour as wilson tries to turn ea around. And buffeted by talks and Federal Reserve officials, the damage up as much as 45 points before turning briefly negative a few moments ago. Now its up about 12 points. Take a look at the nasdaq which is up about 8. Thats the one, again, where were seeing some support from some of the smaller momo quote, unquote names and the s p 500 adding s
Comments to country, that the u. S. Has a National Interest in confronting syria over its use of chemical weapons. Not least of which are to stop spread of weapons of mass destruction to country hostile for United States like iran. That there will be should be need to be consequences for Syrian Regime for use of chemical weapons, and there will be consequences for International Community if there are not consequences for the regime. And that any military action by the administration against syria would be limited in scope, no boots on the ground, not iraq or afghanistan, and he want a pause in congressional action toward a resolution on syria. Neil peter barnes thank you very much. For those at home this shot might look familiar from same main hall in same level of white house president announced killing of osama bin laden, that was then a different message tonight. My fellow americans, tonight i want to talk to but syria. Why it matters. And where we go prohere. From here over past 2