Possible explosions. Asiana airlnes is fined a half Million Dollars by u. S. Officials for not properly assisting families after last julys crash of flight 214 at San Francisco airport. And, gm expands a recall to 1. 37 million vehicles. The models built between 2003 and 2007 include chevy cobalt, pontiac g5, saturn ion chevy hhr, Pontiac Solstice and saturn sky. The engine can shut off suddenly if the ignition is bumped. The problem is linked to 13 deaths. Trader larry shover of sfg alternatives joins us now on this wednesday, and larry, why is the s p struggling with getting over this 1850 mark . You know it reminds me of 1650 of last year and even 1350. At this point 1850 is going to require growth metrics to get past that level. Its not like last year where the market rallied before the data set so we need growth metrics to prove that we deserve to be above that level. Lets move over to the commodity sector and oats are at a high because theres not enough space on trains. Oil is ta
Uncertainity over the situation put traders on edge as stocks fell and gold and oil gained ground. Fdic sues 16 of the Worlds Largest banks. Accusing them of manipulating libor rates. Quiznos files for bankruptcy protection after years of struggling with high debt and stiff competition. And according to an sec filing obtained by fox news, target officials admit the holiday cyber breach may be worse than suspected. Trader Ben Lichtenstein of tradersaudio dot com joins us on the show this morning. Good morning to you ben. Good morning. So what kind of fallout do you think well see in the market. Will we see a major fallout or will it be a kneejerk reaction after that vote in the ukraine . I think it really depends on key levels and consistency or conviction if you will and energy above or below those levels. Last week closing out the day on friday we had some weakness in the market but unable to really release to the downside. So that downside level is certainly established right now aro
Sanctions against russia for engineering the succession referendum in crimea. And he threatened further punishment. So what did the markets do . They all rose on monday and not by a little, especially the dow. After 5 sessions of gains, gold closed lower as investors moved into stocks. And after 2 up sessions, oil ended down. Factories are crankin it up. Us manufacturing output was bigger last month than its been in 6 months. Assembly lines cranked out more cars, chemicals and business equipment helping lift the economy from januarys snowstorms. And its the biggest study yet to see if the stuff in dark chocolate can in fact help prevent heart attacks and strokes. Sadly for the 18 thousand participants, the nutrients will not be administed via candy bars but in pill form. Lets turn to trader lincoln ellis. Hes with green square capital. A lot of people might be surprised the markets went up so well yesterday. We have volatility, uncertainty and tension in crimea and yet that was the res
Wrote for slate, you stated that while supporting the minimum wage absent other policy changes, you would prefer other policies because they tend to be more progressive, paid for disproportionately through taxes on the wealthy, on upperincome individuals rather than through higher prices that might be passed along to consumers. In a piece on the minimum wage for the New York Times this march, former cea chair christina roamer made a similar point stating it might be the case that, quote, businesses pass along some of the cost of a higher minimum wage to consumers through higher prices. Often the customers paying those prices including some of the diners at mcdonalds or the shoppers at walmart have very low family incomes. Thus, this price effect may harm the very people whom a minimum wage is supposed to help. Is it, in fact, likely in your opinion that consumers would foot the cost of a higher minimum wage . I think its a relatively small portion of the cost for those businesses. I th
Global growth report. And a look at acquiring time warner cable. Lets begin with Phil Mattingly and president obamas executive order on exec on equal pay. Forward, they do going and more important, will it move the needle at all yeah president obama at sign at all . Resident obama signed two executive orders today. Comeayday to will only from federal contractors. If you shine a light on this data, you will be able to find it there, any disparities between men and women. However, for it to apply to a wider range, they will need congress. And once again, republicans are not in the mood to get along with democrats here, something obama addressed directly in his press conference today. If republicans in Congress Want to prove me wrong, if they want to show that they do, in fact, care about women being paid the same as men, then show me. They can start tomorrow. They can join us in this, the 21st century [laughter] and vote yes on the paycheck fairness act. [applause] humor both a little th