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Dollars and oil lost a penney. Boeing is expected to respond to Union Workers latest Contract Offer that could potentially keeping much of the work on the 777x in the state of washington. Freddie mac and fannie mae will give homesowners in foreclosure a break from the threat of eviction during the holidays from december 18th to january 3rd. And, mcdonalds is testing a mobile app for smartphones and tablets in attempt to lure in young diners. Deals on meals will e flashed on the app. Ben lichtenstein of traders audio joins us on this friday. Ben, good to have you back on the show. There was positive news yesterday from the Retail Sector but a negative response in the stock market. What was going on ben . Well, it was a bit unusual. I think there was a couple of factors at play. First of all, keep in mind that retail sales b ....
Trading above 104 per barrel. President obama warns russia the country could face costly sanctions over the conflict. Secretary of state john kerry travels to the ukrainan capital of kiev today. Members of the European Union call a meeting for thursday and russian president Vladimir Putin responds that he has the right to invade the ukraine. Lets get down to it with Glenn Schultz of performance trust. Hes watching the market for us today. Bring us up to date on the Market Reaction so far to the ukrainerussia situation. Right now the markets reaction has been relatively benign. We really havent seen a powerful quality trade coming into the markets yet although we have seen it somewhat. On monday evening the treasuries closed at about a 260 yieldand we did see risk as ....
7 cents. And as oil futures stick around 100 per barrel, gas prices are above 3 in all major cities. Also, aig plans to cut 3 of its workforce. The insurnace giant mentioned the job reduction while reporting a 4th quarter profit. Ben lichtenstein of traders audio joins us on this friday morning. Ben, we are on an economic downer. This does not bode well im thinking for the gdp. What do you think and whats the markets response likely to be . Well if you take a look at yesterdays activity in reaction to to a weaker than expected retail sales number then i think you would have to assume the best and just assume that again the only way right now appears to be up. I mean we just clearly reject to trade below 1800 we got up above the key area around 1809 and look at yesterdays activity just a screamer to the upside. We started out opening lower, again numbers were not that bullish, if you will, but certainly again we continue to see activity throughout the day. So its my opinion and as ive s ....