Open as futures are weak. More worries about rate hikes pushing the dollar to 12year highs. Oil below 50 the group likely to maintain production at june meeting. Tenyear yield in the neighborhood of 2. 15. U. S. Markets unpressure taking a cue from earlier declines overseas. Higher dollar lower oil, Interest Rate related uncertainty. Echoing through the ecosystem, find out if apple customers, investors and Business Partners got everything they wanted out of the presentation. Qualcomm higher premarket, launching Million Dollar buyback as well. Stocks are selling off after yesterdays brief rally. Weaker than expected data from china, concern about greeces debt deal helping fushpush futures lower. Dollar strengthening to i 12year high against the euro. Investors weighing potential for early rate hike. Dick fisher saying a rate hike needs to be prompt the wage picture is exactly as you would expect, its a lag and theres not linearity there. Domestically, yes it should happen sooner rather
Lets look at shares of lumd ber liquidators, up 12. 5 today, up more than 4, picking themselves up. Stock up big after a bigger drop brought on by a 60 minutes report questioning tox itty in the adhesives in the countrys product. The founder completed a Conference Call a short time ago. Details coming up and, of course, we look forward to the appearance tomorrow with scott on halftime report. Absolutely. Straight to the trading action, and bob is on the floor of the New York Stock Exchange. Despite retail sales or maybe because of them because of the implications . A little bit, yes. This was a surprise on the open. Let me show you the s p 500 right now because the premarket trading did not indicate the kind of very strong open that we had, so all the sudden the s p 500 put up the intraday on the s p, literally, 15 minute the rally today happened. See that . Unusual there. Let me tell you why i think it happened today. We were all surprised by it. Number one, we did see, and i think th
Chicago where sue can be found at a major investor summit in the windy city. Sue . Indeed, i am in the beautiful windy city, ty. This is the schwab Impact Conference. Welcome to the Biggest Convention center in the United States and it is chockfull with some of the Top Investment advisors out there. Were going to be talking to a number of them. We have a terrific hour planned here from chicago. Were going to talk to the fivestar rated Portfolio Fund manager of the permanent Portfolio Fund, michael kuggino. He has 17 billion under management. Well find out how he sleeps at night in this volatile market. Plus, liz ann sonders, schwabs chief investment strategist is with us. Shes fired up about the fiscal cliff. She says congress has to rise above shes wearing one of our pins, ty and simon. Well talk to her about what the implications are if congress does not rise above. All of that straight ahead. But first, ill throw it down to simon hobbs down at the nyse. Hi, sue. One of the immediate
Fears and german retail sales were no good either. The roadmap begins with the market and were set to open deep in the red with dow futures down triple digits and the stocks are on track for the biggest monthly drop since february of 2009. And walmart set to open in the red after lowering guidance for the Current Quarter and amazon and google going in different directions. Amazon slipping after Fourth Quarter earnings miss while google moving to the upside after revenue topped those expectations. Well start, of course, with the markets. Signaling a steep drop at the open as stocks aim for their first down january since 2010. Investors still worried about the emerging markets after a drop in euro zone inflation shows recovery overseas is still weak. Thats not counting walmart, mattel, mastercard saying not such great things about the consumer. Mastercard had expense issues. I really love that company so i want to separate that. I think walmarts doing poorly. But i think, carl, unless th
Today was rah bad day, but it was also a good day. The good news, the u. S. Will advance to the next round. Michael legislatives joins us now for a look at todays match, and what lies ahead. So todays loss kind of being a win. It wasnt bad sports are weird that way. Despite that heartbreaking loss, stealing the favorite to advance out of group play, but the one thing about sports is nothing is guaranteed. Back to sunday, well, the story before the game, against germany was that weather, a terrific downpour flooded the streets, and soaked the field, but it didnt seem to really effect play. Thats also good news, no more injuries. A tie now to the next round, but neither team seemed willing to accept such a result. But waythe 1nil loss, team u. S. A. Would need help from porch gal, a win with against ghana would also bring the u. S. To the next round. Now, this game short handed the two players were suggestion spented from the team, after all the patience allegedly over money. Portugal ab