Been looking at to see where the deals are. She is really looking at them and she will be with us today. That and more on a very busy hour of power lunch. First lets check in with sue at the nyse. We start with a scary sign at least for some. Trim tabs reporting inflows into Exchange Traded funds hit levels not seen since november of 2007. Stocks dropped like a rock from that date losing almost half of the value before bottoming out in march of 2009. Lets bring in bob pisani on that note. Those are interesting statistics. You could argue that is a bullish case and people are putting more money to work in etfs or look at the volatility in the market and say perhaps it is topping out in bearish side. November was a really big month. The s p was up 2. 5 . When you get months like that it happens. Secondly, we are seeing huge inflows of the u. S. Equities. The whole world wants to get into the united states. Europe is weaker, china is weaker. Money is flowing here naturally. The etf busine
Degree. The real question is, why . Is black friday dead as an entity in the Holiday Shopping season . Well get into that and more. We did all those stories leading up to black friday suggesting that it was losing its cache. In fact, that its goneful left the building just like elvis and hearing from tony hsieh. Now starting to open up brick and Mortar Stores in vegas and a popup store open 24 7. Almost a showroom. Perhaps a glimpse into the future of retail and where hell be coming to us from and a realtime view on zappos sales there and online. We are getting indications cyber monday is strong. Not just zappos but among other online retailers, sales very, very good today. Now about oil. You think its going to be lower because of opec. Speaking of black friday. Its going the other direction today. What a bounce up more than 4 on wti crude. Posting the best oneday gain in two years. Was that the bottom we had over the weekend . One top Oil Executive thinks it may have been and hell be
Sab miller does see solid growth in africa. Youre watching Worldwide Exchange, bringing you Business News from around the globe. All right. A warm welcome to todays edition of Worldwide Exchange. Well the markets had it right all along. Crisis has been averted on capitol hill. And now the senate and house voting to pass the deal nearly at the 11th hour to raise the debt ceiling and reopen the government for now. President obama signed the bill shortly after midnight. Steve handelsman wraps it all up from washington. Good evening, everybody. I want to thank the leadership for coming together and getting this done. Hopefully next time it wont be in the 11th hour. Hopefully next time it wont be be and raised the debt ceiling through february 7th but america came close to default. This was pain infliktd on a nation for no good reason. Reporter the plan easily passed the senate. The motion is adopted. Reporter and the house, where most republicans voted no and the tea party vowed to keep ta
It now stands on the button 1 higher than russell 2000. Clearly it has been a wild october and today one Financial Adviser that is making some pretty big and rare changes explains why he is confident reallocation is the right move right now. Sue is here in spooky headquarters today. I know. Its a real treat for me and a real treat for investors on this halloween and the last trading day of october. The dow and s p up 10 from october lows. Kate rogers is at the nasdaq and will have the details. First to bob. We are very close on the s p. 2019 would be enough to get us up into a new high. We are five points away. I was a little cranky yesterday because visa masked what i saw as a flat market. Intraday high for the Dow Jones Industrial average. Advancedecline line is 73. It is really about japan. The government came out and announced additional purchases of government bonds for the bank of japan. They said the Government Pension Fund also said they put half assets in stocks. Look what it
Chicago Wealth Management Inc. trimmed its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 93.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,695 shares of the exchange traded fund’s stock after selling 219,242 shares during the quarter. Chicago Wealth Management […]