With a growing issue weve followed closely here on power lunch. Tomorrow the Maryland State Assembly takes up a bill treating Energy Drinks like tobacco banning sales and marketing to minors. If it goes through in maryland, that state would be the first to make that kind of a move, although several cities are considering legislation. Despite that, Monster Energy stock is on a tear. In the last through months alone stock up 17 . Near a record high. Were going to talk with analyst john foshae in a moment. One of many wall street analysts with a buy on that stock. One of tomorrows star witnesses, a maryland cardiologist who joins, dr. Stacy fisher, who has seen the effects of these drinks firsthand. Dr. Kim williams, Vice President of the American College of cardiology who recently told us it took researchers decades to study the effects of cigarette smoking. Mow data is needed before we can heal tell how Energy Drinks impact the heart. Is it fair to move forward without more studies . Th
The drown economy, farmers might use them one day and now the government is trying to figure out the rules for an industry expected to balloon. We have that and more tonight on nightly Business Report for wednesday, december 11th. Good evening everyone. Stocks had the worst day in month today. The losses for the dow were more than a percent for the s p 500 and nasdaq. They dont like a function l congress as much as they said they would. How is that again . As we told you last night, Congressional Republicans and democrats agreed amazingly, days ahead of fridays deadline on a budget deal that will stabilize fiscal policy, no Government Shutdown, no brings men ship, but the problem is that all this congressional comity removes an important barrier that kept the Federal Reserve in the stimulus game. Barrier out, taper in, maybe as soon as next week. Kind of makes you long for gridlock, doesnt it . Are the final numbers for a chilly day. Today the stocks fell 129 points, the nasdaq ended l
Charlie gasparino has the exclusive interview. Lori the new ceo of General Motors and Many American women believe more needs to be done to get women in leadership roles. Adam turning an eyesore into an attraction. The Architecture Firm that designed googles headquarters is setting its sights on the keystone pipeline. Its proposal to build the 1300 mile long bike path. Lori sounds like an interesting idea. What else is interesting . Stocks selling off. The dow down 100 of the lows of the day but lets get some color on the action from the floor of the Stock Exchange, Nicole Petallides, we are heading for a third day of losses. Nicole the fear index to the upside, the dow industrials down 85 points. Nasdaq composite down 1 and the s p 500 dropping 0. 3 . We are to the downside and we will watch that after eight weeks of beans and in the meantime the vix has been jumping today. It is up 6 , almost 15, a level of 15 so we are watching that and heres a look at the dow laggers. The banking in
Down on pro democracy demonstrations at tinanment square in beijing. Krispy kreme loses its bite with investors. Shares fell more than 10 after the close. The donut maker reported a 20 increase in profits but lowered its earnings forcast for the year. And christmas in june . The consumerist was first to point out hobby lobby is already selling candy canes and ornaments. Trader daniel steicicha of athena Advisor Services joins us now. This market has been a big gift to investors, lets take a look at todays market action. Is the stock market likely to stay in a Holding Pattern ahead of the ecb announcement and the jobs number coming out on friday . I think the answer is yes, but its more weighted to the jobs number on friday than the ecb announcement even if the ecb didnt do anything i dont think that will have a drastic affect, however employment and later in the week thats going to be a biggie. Alright we had this big ism snafu to talk about yesterday, a number came out and then a corr
Federal judge rules General Motors is not required to pay 450 million to cover medical benefits for its retirees. The car company had a contract to make the payment 2 years before gm went bankrupt. It is considered a defeat for the autoworkers union. And, fidelity is allowing investors to place bitcoins in their iras. Its the largest Investment Firm to go the virtual route so far. No one loves a selloff more than todd horwitz of average joe options. Good morning dr. Doom and gloom. How are you today . Good morning angie. How are you doing . Im doing well. Stocks were dropping yesterday. Did that play right into your hands . Really, im watching a couple of levels. I think that you gotta look for 1770 on the downside of the s p. 1790 was my first level and i think you look at 1810. But really until next wednesday when the fed actually announces i think were actually just going to trade in these ranges but i did think that we were going to work our way lower but it is quiet. It is quiet a