Headlines today. Megan hughes follows the story on credit card hacking in the wake of the massive data breach at target. Lets begin with julie hyman in todays big rebound in stocks. Good afternoon. Declinesund from the we have seen to date. 2014 not off to an auspicious start, with the s p 500 falling almost six percent yesterday, then coming back from that today. Factory orders coming in not as poorly as had been estimated. Affecting matters, some of the earnings news we have gotten. Discretionary stocks are leading gains today because of a couple of stories. Michael coors shares are soaring after the retailer came out with earnings that Beat Estimates. Those shares are doing much better than the overall market. They are also catapulting michael coors himself into billionaire status. Analysts say these numbers bode well. In brands shares are also the Consumer Discretionary category. They are doing well today after that companys earnings report. The combination of factors is driving up
Republicans without qualifiers, we kind of looked the other way when this group was doing its own thing. I think the Government Shutdown was the straw that broke the camels back. Senate. They the money againsting me. That opened the floodgates. Then all the other one started piling on and asking the same questions. Last few weeks there has from theiful silence more a survey part of the party. Everyone is involved. Seeink you are going to more of a concerted effort financially, structurally, in the media, and it is a way of not just eating defined by one very vocal group not just being defined by one vocal group. They go out in the cold and rain. Lot to get me to protest these days. I think this has been good. On your first question about obamacare, the best thing to happen to obamacare was the Government Shutdown. Who waser asking a guy about two and a half weeks in when we finally started talking about the website and all the problems remember there were glitches. When can we start ca
Itll be interesting for black friday, cyber monday and heading into the Holiday Season to watch to get the idea of how the consumers are feeling for the holidays. The dollar is lower, commodities are higher. Transports giving it a go, getting ready for planes, trains and automobiles. Back to you. Melissa thank you so much. Gas prices continue to drop, but it is not all good news. Prices at the pump are the highest they have ever been on a given day. Sandra smith in the pits of the cme with more on todays trade. Oil reacting to the news of the ceasefire between israel and hamas, first of all. Sandra it certainly is. Not really sustaining the selloff. Currently down 0. 24, still a little bit of a selloff but nonetheless prices have been coming down into thanksgiving weekend. A lot of drivers hitting the road, 34 million of them writing. Obviously the ceasefire has an Immediate Impact on prices going down, but a lot of you say oil and gas will be going higher the rest of the year. We have
Head. We have that and more with Dagen Mcdowell on markets now. Dagen black friday, starbucks, stainless steel coffee mugs. Espresso drinks. Dagen i will get you that for christmas. It used to be. Connell a crazy winter storm wreaking havoc among travelers today, leading into one of the busiest retail weekends of the year. Dagen is this good news that the Consumer Federation at National Credit union expected to rise 3 , 4 . Peter barnes will explain all of it from b. C. More people will spend more money on Holiday Shopping this year but the numbers might have been higher had it not been for the fiscal battles in washington making people cautious. America and the National Association polk 1,000 consumers for their annual Holiday Shopping survey, 13 of respondents plan to increase Holiday Spending this season compared to a 12 rise last year, 32 of those polled planned to spend less this year and that is an improvement of 38 who said that last year. And note that the increase in the perce
Exchange. The nasdaq is up eight days in a row, the longest winning streak since july. To the russell 2,000 you see some weakness for the ddw jones, down 18 points, a big reason would be cocacola contributing nine dow points, and positive dow points. Home Builder Sentiment and new York State Manufacturing numbers, both of them were big misses and huge disappointments and the weather has something to do with this so we had those reports and i want to point out we had an awful month of january but there seems no panic in the market and coming off of the best week of the year, no excitement as well on the way back up. Connell we are moments away from president obama expected to announce tighter fuel efficiency standards, holding maryland, part of the pledge in the state of the union address. Dagen is a heavyduty vehicle. Connell now that you mention it, good point. Dagen the column that is there with more on this, this all trickles down to the consumer one way or another any time you incr