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If you look at volume, it is certainly borne out that way. This is the s p 500 svs index. We are running at volume about 30 average today, so a lot of ahead of out of office the christmas holiday, and my producer tells me we have not seen a move up more than 113 sincen either direction 2011. Moving on to one of the other big stories of the day, lets look at bitcoin. We can see that it is extending the slump for the fourth day, byling to about falling about 30 earlier today, but in the meantime it has pulled down a lot of associated bitcoin and stock. Ain overstock here also down by about 4 . That is the online retailer that accepts bitcoin, but the ceo has also said he plans to sell all overstocks ecommerce business to focus on the companys blockchain enterprise. Lets take a look at the movers today. I want to talk about nike. They are having a poor day today, after earnings it showed there was a big split in their business in terms of sales in the global side of things, which well, an ....
Bitcoin. Lead and he bloomberg scoop. Bloomberg has a new number two. They had named Barney Hartford the chief operating officer. He is the former ceo of orbit. Worked for and competed the onlinewshahi in travel sector. The top court has ruled the service should be regulated as i we spoke with eric newcomer. With has a long history kaiser shockey. A trusted hand. That is part of it. Barney did a good job at orbit. It was a debt laden company. He was able to get a good exit of 1. 6 million. The experience at orbit and expedia, marketplace businesses, which is relevant to uber. It is relevant expertise, having a Good Relationship already, and he was doing this advisable role since october to feel the company a. To feel the company out. Emily he wrote a series of tweets. What is the higher of a former Industry Expert i ....
Expectations even though some people dont trust the numbers over there. Europe has been slightly higher for most of the morning. In our road map today a tale of two consumers told through the registers of mcdonalds, the Electronics Department with costco where profits are losing some power. Groupon has a new deal for investors as eric takes over sole ceo and the buyback is the first order of business. Surprise quarterly profit leaves teslas ceo laughing at potential rival bmws entry into the electric car market. Tmobile dialing up the biggest Customer Growth in four years. Ceo john ledger will join us live in a little bit. But first up as we said, futures are higher today. Markets had a crazy couple of weeks here as weve been up six weeks now. Sam, were trying to avoid our were on pace for our worst week in seven. And then today, heres the mom and pop paper, usa ousa ....
we really haven t had the confirmation that we ve had in the historic rallies, where you ve seen confirmation with volume on top of stronger highs. volume is a big, big consideration here. what do you do with this market right now? me, i m hopefully getting out of the market, looking the to reposition myself. if it continues to go higher, i can always buy back. as i said once before, you can t always sell. ibm s facing out. i think we re long in the tooth. i think there are a lot of things overhanging the market that we ve overlooked, and we would probably suggest a little bit of a downside. and the things that the bulls keep saying, and i get that, you re a trader and you know supply/demand, all that. the things the bulls keep saying, as long as the fed s on my side, i m going to stay with the market. and that s something we ll see evolving and changing. i think the fed has already been up-front enough to say, you can see what they re doing, as they re doing it ....
report tomorrow. will the report be fodder for the q.e. 3 argument? a mixed bag for retail sales in april. limited racking up another strong month. costco missing for the second month in a row. and general motors beats expectations with its earnings, underscoring strength in the core north america operations but highlighting weakness in overseas market. we ll be speaking with bob lutz. and green mountain coffee, investors questioning consumer demand for k-cups and the company s ability to compete with starbucks. some analysts out today trying to defend that stock. claims and productivity, both coming in better than expected this morning. jobless claims dropped 27,000. u.s. productivity fell .5%. and the ecb holding its main interest rate at 1% as inflation offset pressure to support the weak eurozone economy. there was a big debate this morning going into the number, the ecb number. what were the odds of a cut? zero, just above zero. clearly they are holding their ....