Another fed official, st. Louis fed president James Bullard, said it made sense not to lawn of the paper this month because of low inflation readings. He spoke with our own peter barnes of course. David meanwhile want to talk about volatility, talk about apple. Apple stock is fluctuating bigtime as the iphone fans buy new handsets, 5ss, and cheaper 5cs. They went on sale today. Caterpillar saying the worldwide sales weakened the past three months because of slowing demand for commodities from countries such as china. David darden restaurant, parent of chains like olive garden, red lobster. It is getting crushed because of a dismal Quarterly Earnings report and forecast. House republicans led by Speaker John Boehner passed legislation to fund the government through december 15th. It include measures to derail obamacare. Those measures make it means the initiative will be killed by senate democrats. After the bell starts right now david what a seesaw week. With number one thing that coul
Bucks . If youre in that ipo, up over 800 . David thanks for reminding me what i missed. I bought apple at 89 at one point. I didnt miss the runup there. It had a good day today, right . Einhorn of green light has made his voice non. It is having a great day. Up 1 1 2 . It was 435 recently. Weve seen it at these levels we havent seen in some time. [closing bell rings] liz there we go. The bells ring on wall street on this friday. Lets see how the day, the week finished up. Night quite there for a move to the green for the entire dow jones industrials. Well take a gain of 44 points. The s p 500 up eight pull points. That does it. Nasdaq up as well, 28 points up. Russell small cap up five 1 2 points. Not a bad move there. David oil, it fell a little bit today but lets look at oil for the whole week. It was down four cents today. Not a big move to the downside. But for the whole week it was down about 2 . Thats what happened with we can see, the middle of the week particularly got hit and
Lawmakers stand their ground on raising the debt ceiling. Worries over what a Government Shutdown could mean for the Federal Reserves taper timetable. Is seeping into stocks. Friday the dow fell 186 points. The nasdaq 14 and the s p 12. The selling spree also hit gold and oil. President obama and the presdient of iran could meet up for a critical talk this week at the un meeting in new york. Jcpenney reportedly considers several options to raise quick cash as the retailer faces questions about its future. And grand theft auto five sales zoomed past the 1 billion dollar mark. Tim mulholland of china America Capital joins us now on this monday morning. Good morning to you. Good morning. Im wondering what were in for especially with that big selloff that happened late friday. The is the expirationthe quadruple witching expiration which happens every quarter. So it was kind of a big one. I think that caused a little volatility but lets face it we did have a big week last week with the mid
Speech right at the market close today at the university of michigan. He will be taking questions from reporters. The week starts with the s p 500 still above 1470. Stocks have now made gains two weeks in a row to in the new year. Best buy was one of the Top Performing stocks in the s p friday. Shares gained 2 after reporting holiday sales werent as bad as traders thought. And blackberry is building a buzz over its new smartphone rolling out at the end of the month. Reports say verizon, sprint, tmobile and at t all plan to provide networks for the blackberry 10. Its considered a major victory for reach in motion. What better way than to start the morning with Tim Mulholland of chinaamerica capital . Good monday morning to you. Good morning angela. What do you anticipate in the market for the week . We are off to a very strong start to the year. We get some retail sales data and inflation data this week. Inflation data we may start to pay more attention to as the year goes on, given the
In todays first look the jobs report out this morning could dominate the trading day. Its expected 185,000 jobs were added to payrolls in november. And the Unemployment Rate ticked down to 7. 2 from 7. 3 the stock market has been selling off into the report. The dow and s p dropped for the 5th session, yesterday. The market is having a small anxiety attack that decent job growth could cause the fed to taper its bond buying program. Gold lost 22 dollars. And oil edged up 16 cents pension tension in illinois. The governor has signed landmark legislation that includes cutting benefits to cover a 100 billlion deficit. Unions are planning a fight. And starbucks is out with a fancy shmancy metal gift card. That costs 450 dollars. It goes on sale at noon est today at gilt. Com. Only 1,000 are available. Tim mulholland of china America Capital joins us now from the Trading Floor hes getting set for the jobs number coming out today. Will we see jobs on the rise . Given the adp report, the gdp r