Ice, freezing rain. This is hurting the economy. And a bombshell came right out this morning from cvs. Come october they will stop selling tobacco. That stock is tanking. Were all over that. And facebook gives you a one minute highlight reel of your life. They choose it for you. That cool . That creepy . Varney company is about to begin. [ male announcer ] once, there was a man who found a magic seashell. It told him what was happening on the tradg floor in real time. The shell brought him great fame. But then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their tradinglatform. [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a. Shell. Get live squawks right in your Trading Platform with think or swim from td ameritrade. Theres nothing like being your own boss and my customers are reall ling your flat rate shipping. Fed one rate. Really makes my life easier. Maybe a promo
Smart phones to google, and selling motorola to lenovo, a huge haircut, but google is holding onto the valuable patents and it looks like stuart was right. Tv ratings for president obamas state of the younion at the lowt since bill clintons. Stay tuned, Varney Company is about to begin. The economy grew just over 3 at an annual rate of the last three months of the last year and thats in line with wall street estimates except consumer spending, that was as strong as its been in three years and say it again, the economy is growing even after or maybe because of Government Spending is in a freefall. Two news items out of washington for you this morning. First, president obama pushes for the two largest trade deals in u. S. History while a major roadblock, those obstructionists following president obamas state of the Union Address, this comes from Senate Majority leader harry reid saying he will not bring legislation to the floor that will give the president greater trading power. And reme
Stuart look at this. Big rally on wall street. Janet yellen is driving it. Extraordinary measures. Interest rates are expected to remain low for a long time. The market probably likes that. Sixteen for is where we are now. Some of the dow stocks are hitting new highs. Nicole that is right. We have some record highs. We watch those at new highs. Stuart i really want the trumpets to be sounded right. All you naysayers. 4114 right now. Take that. Did you walk into mcdonalds and get your free coffee . Take that taco bell breakfast menu. Right now back up to 98. Just before i went away it was 93. 94. The market is rigged. Here is the clip from 60 minutes. Listen up. It is rigged. The most iconic market is rigged. By whom . The stock exchanges, the big wall street banks and highfrequency traders. Stuart he is referring to highfrequency trading. Just look at that chart. 8000 points over the last five years. On the one hand, you have that whopping great Big Stock Market rally. Michael lu is sa
Have chinese central bng. People saying that peoples bank of china injecting liquidity into the system and concerns of underlying the shakiness globally of markets and those macro worries of the chinese economy and willing to we should put it this way. One central bank or another or all of them. Upstaged our own fed. Other thing thats happening is a shocker in the Hedge Fund Industry. The California Public employees retirement industry, the nations Largest Pension Fund and done investing in hedge funds. This, again, one of the first to go into the investing in hedge funds. Saying the results dont justify the high expenses. Speaking to a reporter that broke the story and find out how the Hedge Fund Industry is reacting. Yeah. Could be the tip of the iceberg. Thiss the fear in hedge fund in business. If the biggest goes, would others follow . Well talk about that coming up. A lot of excitement, of course, the alibaba ipo on friday. But our own Herb Greenberg isnt sold on the chinese ecom
Beneath the office of the president . The approach is not working, young people are not signing up, young people dont like it. The administration will not guarantee security. Your i. D. Is going astray. Obamacare is sliding ever deeper into chaos, but apple, the exact opposite. It signed a deal that opens up the fast china smart phonee market and the stock is going straight up almost like the good old days. Dont ignore the good news, 3. 6 Economic Growth in the summer quarter. Jobless claims below 300,000, but wouldnt you know it, stocks are down. Stay right there, im also going to make some waves later this hour over the Martin Bashir disgrace. Varney company is about to begin. Trading inspires your l. Tdd 18003452550 life inspires your trading. Tdd 1803452550 where others see fads. Tdd 18003452550. You see opportunities. Tdd 18003452550 at schwab, were here to help tdd 18003452550 turn inspiration into action. Tdd 18003452550 we have intuitive platforms tdd 18003452550 to help you di