Stocks rose on friday. But were down for the week as the Government Shutdown moves into a new week. Gold fell 8 and oil edged up 29 cents. Walmart is slashing the price on the new iphone 5c to just 45 dollars with a 2 year contract. The smartphone normally sells for 99. And, tesla races back. The stock rallied 4. 4 friday after the ceo said the fire in the s model electric car that started with a strong impact to battery did not entire the passenger compartment chris gersch joins us now. Hes with altimus capital. Happy monday morning to you chris. Happy monday angie. Well we still have a case of shutdown fever. How will it affect the market today . I think were gonna see a lot of what happened on friday continue today. And this morning as the futures indicate there is a large up position. Those traders on the s p held that 1680 level throughout the day despite boehners comments on friday. So in regards to trading on monday, i think were gonna shrug it off until the 18th. Traders are go
New york Stock Exchange, on the dow, stocks shaving off early gains, down 35 points, at the new york Stock Exchange, what are you looking at . Dagen, first thing you noted, this could, in fact, be the fourth straight day of losses for the dow and the s p. Thats the longest losing streak of the year, 2013, dating back to december of last year, so if, in fact, we do finish lower on the dow and s p, it will be the first time we had four Straight Days of losses. Dont forget, coming off the six straight weeks of gains, and the bulls had a nice run hitting the record highs, but, certainly, profit taking has been underway. Weve gotten in plenty of earnings, market moving events, and the dollar is lower today. Dow jones industrials, names like caterpillar, microsoft doing well. Up over 2 , american express, home depot, plenty of winners to speak whats weighing on the dow here are big guys, chevron, at t, ibm, intel, and jpmorgan, in the news with the mortgage backedded securities in the mortga
Among other things, the measure could to make it easier to fill vacant storefronts, boost light manufacturing such as jewelry-making 3D printing, and update rules for auto repair businesses and the life sciences sector
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