Where do you see opportunities . Well talk about that on power. Tyler continues on vacation. Im is not my partner at the nyse. Hi, simon. The theme for the first few minutes, the bear scare. One for stocks, another in housing. We start with housing. A big question being raised about the still recovering real estate markets. Fannie mae has been speaking to diana olick, or the chief economist has been speaking to diana. What is he saling . Reporter well, he doesnt call himself a bear, but he does say, quote, i am a realist. Fannie maes chief economist downgraded his forecast for the housing recovery dramatically. We have looked at a combination of the research we have done on the demographics, and then looked at the mechanics of the construction space and looked at what some of the boomers are doing, and we concluded that people are too optimistic about whether or not 2015 is going to be a breakout year for housing. He says it wont be. So out came the ax in august. Duncan dropped think f
Actually lower. 2. 193. Off the lows we saw earlier this week. Investors looking to extend gains in the back of the largest trading day of the year. Why nike shares are actually lower in the premarket. The treasury sells its last shares in ally financial. The take more than 1 billion. Thats the profit. Well talk about financials. Best twoday run in three years spurred by the feds saying it would remain patient when it comes to raising Interest Rates. S p 500 has climbed 4. 5 over the last two sessions. The dow coming off thursdays 421point surge posting backtoback gains of more than 200 points for the first time in six years. Of course when they did that six years ago, the percentages were far higher given where we were. I dont like to talk about the dow as much. Weve got an s p up over 11 this year as we head into the final trading days of the year with next week. I think why this is surprising is because there were so many people looking for the opposite to happen. I was talking with
U. S. Markets falling hard right now after several days of very nice gains. Right now the dow as you see down about 1 at 17,731. The s p 500 close behind it at 2043 in terms of percentage declines. The russell off three quarters of 1 and nasdaq off three quarters of a percent. Lets check in with michelle carusocabrera. Thank you. Three hostage takers dead in two separate sites in france. The two brothers were killed by police at a printing plant east of paris after they came out shooting. The one hostage there released unharmed. Less clear the situation at a kosher supermarket in paris where hostages were being held. One gunman is dead after a simultaneous police raid. The police raid at the supermarket began with several explosions. The still photos were showing sue of those explosion. Multiple news sources report four hostages were killed. Several hostages and Police Officers were injured. Police are still looking for the woman seen here in this picture in connection to the killing o
Move to unlock shareholder value. Well tell you those names and examine how realistic those moves really are. Plus getting into exclusive reaction to the breakup of former chair Ralph Whitworth. Looking forward to that today here. Lots to discuss with him. The government on trial over the bailout of ag in the financial crisis. Literally on trial. Former treasury secretaries testifying along with ben bernanke. All key figures during the worst of the worst six years ago. Well tell you whats happening in the courtroom and when to follow along. Also, ebola fears not subsided. That victim in dallas in Critical Condition fighting for his life. And we have had late word he has been given an experimental drug. And it has moved one stock although thats the least of the important part of the story. But were hoping that this will work. We have a late report coming up from the cdc in atlanta with the very latest on that important story. And of course, you probably heard by now that a case has been
They are putting plastic bags over our servicemen. In mexico, more violence today. These were two countries where u. S. Investors had relatively been optimistic recently. So the question is, is the tide turning for good over there . And a big mystery in brazil involving one of that countrys biggest countries companies, excuse me. All that and more today on power lunch. And we begin with sue at the new york stock exchange. Hi, sue. Hi, ty. Lets get you up to date on all the numbers. The Dow Jones Industrial average is in the green right now by about 31 points or so. The s p 500, though, is negative, not by much. But it is negative. And the nasdaq composite is up about 13 points on the trading session. The transports rebounded earlier today to fresh highs after the midoctober selloff. Up about 18 since october 5th. Transports are up 23 this year. Helping the transports, of course, as ty mentioned, falling oil prices. Brent crude now down 2. 5 today. Give or take. 26 , though, on a yearto