We begin with the markets looking to burn through more records. Plenty of fuel after Third Quarter Economic Growth gets revised higher. Results came in shy of the missed performance. Asia hurt by slowdown. The night of protests in ferguson, missouri, after a grand jury decided not to indict Police Officer Darren Wilson. Economic growth was greater in the Third Quarter than the government originally thought. Gdp up 3. compared with 3. 5 . Latest results suggesting upwards revision of business and consumer spending. Data one day after the dow and s p closed at record highs. Apple finishing at an alltime high. Market value almost to 700 billion. Pennies away from doublie ininie tim cook took over. The average gdp back above 2. One thing i think people feel is why did the market get up here . Dave and i were talking about you have to be skeptical. If our country is the strongest country in terms of projected growth on earth with the possible exception of india, i dont know. Maybe india, ma
The index is expected to come in and 0. 0 . The director said he thinks i should give it a negative. But of course at a 0 or deflationary restoring in the United Kingdom would add credence to the bank of england leading rate unchanged well into next year. You are right, nokia have confirmed they are in talks with the whole of intel. That is what is going to really address here. We have an opening print on nokia. A little bit more talk. I will not go through it and much more detail. Nokia is down 3. 7 freedom without they might go up. Neither is a possibility and they will start negotiations. They are buying the business of what would you do when you get your hands on it . Lvmh is virtually flat. The equities market despite prices rising by 16 . You will spend a little time with andrew in paris. Bouldering watching bulgari, watching. Those are the three stocks to watch. On the currency front, one thing that caught my eye. A straight hits to the pause australia hit to the pause button in
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
To the big story. Two stories corporation your privacy on the internet. Facebook is facing a class action lawsuit, accused of reading private data and handing it over. And the Justice Department spending half a Million Dollars on an enhanced Linkedin Profile that will give them access to profiles of all 250 million linkedin users. You have no expectation of privacy online. Well, maybe you should, but you dont. Its gone. But you should surely expect the companies who have access to your private information to keep it secure. Bill harris is here. Hes a former paypal ceo and he knows a few things about the internet and security and privacy, dont you . Yes. Yes, you do. Theres a distinction. Facebook reads your posts, gathers the information, sells it. Yes. Stuart theres a lawsuit about that. Yes. Stuart i say that your privacy in that sense has gone. Youve lost it, its not there anymore, but we should expect privacy of our personal information. My mothers maiden name, for example, my Soci
Dagen good morning. Before the weather we get to stocks. And we go downtown to the corner of wall and broad and Nicole Petallides on the floor of New York Stock Exchange. A bit after rebound, nicole. Dow jones industrials snapping back from yesterdays losses. Yesterday the Dow Jones Industrial average dropped 135 points. Not a good way toking kick off the new year. Obviously kick being off with a decline for First Time Since 2008. However, last year, 2013, was a great one. Were back with green arrows with the dow above 16,500. You have a majority of stocks with up arrows. Drug index, retail index, banking index, oil services, transports, truckers, shippers, airlines, checking on airlines with all the snow and still maintain some up arrows. You do have market breadth looking somewhat favorably. I do want to look at shares of lindsey. They have a mixed bag here. They have a Buyback Program underway. They boosted the dividend. They did have a quarterly miss. This is irrigation maker. Back