2. 4 billion dollars tax dodge by senator carl levin. The equipment maker disputes the allegation. A cook county judge throws out a lawsuit by a Chicago Law Firm in connection with the Malaysia Airlines flight 370. The judge called the filing improper. And the fbi is now investigating possible criminal wrongdoing in High Frequency trading following a 60 minutes report. A new trading month and a new quarter get underway at the sound of the bell. Joining us now is matt shapiropresident of mws capital. Good morning matt. Good morning angie. What do you think about the new month in trading ahead . Yesterday we had a rally out of nowhere at the end of the quarter which is unusual. A lot of times there is profit taking in the last couple days so im really optimistic. This week were going to have a lot of Economic News followed by the big jobs report on friday so well have to see what happens over the next few days. You say the Market Action was unusual. What do you mean by that . Weve never
Rest of the stock market. With the nasdaq adding on 11 points the s p 6 gold dropped by 5 dollars. And oil is trading back bellow 100 per barrel. In earnings after hours. It was a big night for weight watchers. The stock pumped up 13 as the Company Reported a slim down in earnings, but the outlook was better than expected. And la clipper chippers. Media mogul Oprah Winfery and oracle Ceo Larry Ellison are on the list of potential buyers in the Los Angeles Clippers in the wake of the teams ownern Donald Sterling being banned from the nba for life following racist remarks. Here we go with trader bob iaccino, chief market strategist, at tethys partners. Good morning. Lets talk about market reaction. Lets. The stock market is reacting already to the fed and gdp. Now today we have the ism number coming into the market. What do you anticipate . I think well be looking very closely at the jobs number. Yesterday at the close of the fed meeting, you saw very little reaction and very little chan
Yesterday after soaring wednesday on the fiscal cliff deal. Treasury secretary Timothy Geithner reportedly will leave his position at the end of january. Macys is closing underperforming macys and bloomingdales stores in california, maine, hawaii, texas, ohio, and the mall of America Store in minnesota. And arctic rescue mission the u. S. Coast guard is still trying to free an oil drilling ship owned by shell that has been stuck off the coast of alaska since new years eve. Lets check in now with joe cusick of optionsexpress for his take on todays trading. What do you expect in the jobs trade today . You know angie, it is going to be very interesting. On the close yesterday, there was a very interesting trade there was a large seller in the big s p contract, about 4000 contracts traded on the close. So, a very interesting trade going into the number. Potentially some hedging going into the number, because we had mixed data yesterday with the adp number coming in better thanexpected but
Its 3rd week of losses. The nasdaq added 19 and the s p 7 points. Gold gained 25 dollar and oil 1. 24. A Stock Exchange merger may be in the works. Bloomberg news reports bats Global Market and direct Edge Holdings are in talks. Together it would create the Second Largest Exchange behind the new york Stock Exchange. Facebook tops 40. The can do stock closed friday at 40. 55. Good news for ipo investors who are holding on to that stock. And a Dutch Company reports 165thousand people are interested in a trip to mars theres a week left to sign up. We begin this week with charles moon of trading advantage. Happy monday morning to you charles. Good morning. How are you doing . Im doing wonderfully well. Theres a lot of chatter in this market about the possibility of the fed tapering come september. Do you buy into that and what will it mean for the market this week . Honestly i think its very overblown. Its been a lot of media hype. A lot of analysts kind of overextending themselves. Really