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Trade, the president declining to provide more details on the negotiations with china this morning, saying, quote, well see what happens Broader Markets at the moment down about 0. 6 on the s p the dow is down 192 points the low of the session for the dow 250. So we are off the loan he lows t recovering a little bit in that final hour of trade. Joining us for the full first hour of the show is bespokes paul hickey. How you doing . Good. Do you think it makes sense well start on a soft footing given the great run we saw in november we saw a big strong run to close out the month of november here and dont put too much weight into the first trading day of the month. I dont know if you recall, but last december, we were up 1 on the first trading day of december and i think we all remember what happened the rest of that month. If we can get the opposite of what happened last december, ill take it fair enough lots to discuss with paul th ....
Just 1 these days, 1. 1 higher for the blue chip. Today is a broad based rally compared to yesterday, the s p up 1 as well as the nasdaq and russell. Dom has a rundown we hit the 26,000 mark, a shot of keeping it for the close this time. Remember, it was a year, a little under a year weve seen a 20,000 to 26,000 rally, just 4 between that last big move in 25,000 to 26,000, but still, look at the Drivers Behind it. Theres familiar names we talked about for quite some time with the dow, heavily weighted ones between the 25,000 and 26,000, boeing added 350 points. Caterpillar contributed 90 points, and United Health 66 the biggest weight, General Electric took eight points away, and Goldman Sachs took 36. Between 20,000 and 26,000, similar names. That 6,000 point rally ....
Currency pits as the u. S. Dollar weakened on optimism over greek and chinese data. The move cement the euro to a sent the euro to a six week high. David lets talk copper for the moment, of course, thats really tied into world growth. It climb today a six week high. This is on signs that there may be some more demand coming for the metal from china and the u. S. As well. As both of our economies begin to churn a little more than expected. The top two copperconsuming countries. And following auto sales today, a number of derivatives plays hitting 52week highs. Cooper tire and rubber, genuine parts and carmax taking a hit in todays session. David all right. And we told you about that breaking news on jpmorgan whale trader, a 5 billion loss for the company. The senate has been investigating. Peter barnes with the latest on that investigation. Peter . Reporter well, thats right, david. The senate, a Senate Investigation subcommi ....
The worries of the pensioners, the widows, the elderly and the doctors on main street. A whole new address and a totally different gambit. Thats how stocks reported higher with the dow climbing 323 points, s p shooting up 2. 18 and the nasdaq soaring 2. 26 . For weeks now, the democrats have listened and addressed wall streets concerns about what happens to treasury bond holders in the event of a default. Oh, no, what would the big hotshot wall street bond owners do when their precious interest didnt get paid . Will the chinese, who own 1. 2 trillion worth of bonds get fed up with us and dump their holdings . Sell, sell, sell eventually causing Interest Rates to go higher. Ooh. Really scary. I was amazed this was the size of the debt ceiling ledger the democrats seemed to care about. Think about it. Can you imagine less sympathetic characters than the gangster bankers who took the bailout, lined their pockets and arent in jail. Do ....
The widows, the elderly and the doctors on main street. A whole new address and a totally gift gambit. Thats how stocks reported high with the dow climbing 223 points, s p shooting up 2. 8 and the nasdaq soaring 2. 6 . The democrats have listened and addressed wall streets concerns about what happens to bondholders in the event of the treasury default. Oh, no, what would the big hotshot wall street bond owners do when their precious interest didnt get paid . The chinese, who own 1. 2 trillion back and forth of bonds get fed up with us and dump their holdings . Sell, sell, sell eventually causing Interest Rates to go higher. Ooh. Really scary. I was amazed this was the size of the debt ceiling ledger the democrats seemed to care about. Think about it. You imagine less sympathetic characters than the gangster bankers who took the bailout, lined their pockets and arent in jail. Dont we actually want to stiff those guys . [ buzzer ] o ....