Ceiling and end a twoweek long government shutdown. Congressional leaders were scheduled to meet with prize obama at the white house. It would give them more time to hash out a deal. The dow was down one uhhuh 100s monk. Morning. The stock closing the day up 63 points libby casey is on capitol hill for us. The congress is running out of time. What will the deal look like . The fact that the white house meeting was postponed is not a bad sign. We believe its given the leaders and senate time to talk to the cakes an caucus and the n the oar side. Oar other side. This could be a moment of negotiation and progress if a deal is announced do we know if speaker boehner, and the caucus would they be on board with the deal . You can bet that is what senator mitch mcconal connell ws talking about this afternoon. That is a good question. Anything that gets through the senate would have to get through the house now. They have not been saying much over the past couple of weeks is coming to the floo
Moment with Heather Hughes and david fradman. Plus an all star team lined up for analysis on microsoft, amazon and zynga. Well get to those as we see reports on earnings. Joining me now, Heather Hughes from sun america funds and Alex Freedman from ubs Wealth Management. Good to see you. Thanks so much for joining us. You had 15 trillion in the room next to us represented. Something like that, yeah. Youve got clients in the audience at this Wealth Management conference. Tell me what youre hearing from all these Asset Managers and how you would allocate capital today. Let me start with how were allocating capital. Which is were overweight the United States in terms of risk assets. Still like equities. Mostly midmarket. More exposed to what we think is a sustainable recovery in the u. S. Europe we think has turned a corner. Risk is down. Overweight risk assets there, too. We do like japan, think theres room for growth there. The disturbing point out of this 15 trillion Group Gathering tod
Psychologically probably is worth trying to ramp things up in the end. Absolutely. Its the charge heard around the world. The stock market is rigged. Author Michael Lewis asserting that to kick off his book tour. We have more reaction. Well examine if average investors would help or hurt themselves by avoiding stocks because of what lewis is saying. We have plenty of reaction coming up. And its dday for obamacare signups, but healthcare. Gov has been sick on and off all day as in it hasnt been working on and off all day. Well have the latest on yet another embarrassment for the new Health Care Law and were going to talk with the ceo of a hospital care company. Theyre the largest Psychiatric Hospital owner in the land about the impact it will have on his business, on obamacare, and on your care as well. Very instructive. As we head into the final hour of trade, lets look where we stand across the markets. The dow is up 133 points. At this point its only about 120 points off its record h
Apple actually losing the smartphone war . Well explain that. First to sue. A little nervous tone to the mark today. Investors nervous with wall street getting more negative about growth estimates, and super tuesday may be in danger, the s p 500 has risen 15 of the last 17 tuesday this is year. So right now were in danger of losing that. The Dow Jones Industrial average up 78 points, s p 500 off 7 3 4, the threeyear note, which is at auction today, the yield right in and out is at 0. 886 . We should get the results momentarily. We did dip below the 2. 6 mark earlier this morning when those jitters were more extreme. Bob pisani joins me here on the floor. Its a little tough for the markets, because were still held hostage by the tenyear yield. Sue is right. When we drift below 2. 6 , the market has no energy, were essentially there right now, but look at the s p 500, youll see what i mean. Weve got largely down all day. Weve been at that 2. 6 and below it. You can see it goes nowhere. I
Good wednesday morning. It has been a sleepless night for many as aftershocks continue to rock chile. A powerful earthquake there last night triggered a small tsunami forcing people into the streets and causing widespread panic. The 8. 2 magnitude quake struck off the countrys northern coastline. Authorities posted tsunami warnings for several south american countries but have since canceled them. Right now the death toll is now at least six people. Two other people died from heart attacks. Others were crushed to death as people fled buildings. More than two dozen strong aftershocks followed the initial quake. [ sirens ] the quake forced evacuations along chiles entire pacific coast, but people were urged to stay out of their cars and head for Higher Ground on foot to keep the roads clear. Everyone is to stay up on the mountains. Most of the damage has been limited to houses made of adobe, and while some injuries have been serious, most have been minor. Some 300 inmates escaped from a