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Formula is going to hurt its Third Quarter revenue. Plus, apple has reportedly sold two suppliers. Its cutting orders for the new model of its iphone and upping orders on its high end 5s. Hello and welcome to this wednesday on Worldwide Exchange. Plenty to talk through on todays show with the clock running down on debt ceiling. Well hear from one guest who says markets are still unfaced by the risk of default. Clearly if you take a look at the price action, john kenalli joins us. Never mind the debt ceiling threat, one of the biggest ipos join us. Japans softbank had a boost after securing a majority stake in the finish gamemaker supersoft. Could this be a sign of more m a in the pipeline . And here in london, we get the latest unEmployment Data 23430 minutes. Has the rate dropped closer to the knockout for forward g ....
29 points. The nasdaq fell 11, s p down 1. Gold was up 11 dollars and oil moved down a buck 27. Traders tuned in as outgoing chairman bernanke defended his policies aimed at economic recovery which included a massive bond buying stimulus program. Mr. Bernanke also says he anticipates a stronger economy in 2014. And tomorrow. President obama will host an event at the white house for some workers whose long term Unemployment Insurance recently expired. Hell deliver a speech urging congress to pass a bill to extend those benefits when they return from recess today. Chris gersch of altimus capital joins us now, good morning chris good morning. Were now into the first few trading days of the year. What is your gut reaction about where this market is headed . My gut reactions is to really go with what history has told us. And with the santa claus rally thats adding up the five days after christmas along with the 2 days right aft ....
Hiltons ipo, the second biggest offering this year. And facebook is joining the big boys club. The s p taps the newest member of the s p 500. Display youre watching Worldwide Exchange, bringing you Business News from around the globe. Its thursday, the 12th of december. Youre watching Worldwide Exchange and its good to talk. Well, not always. Coming up on the show a little bit later, 10 40, youve got to tune in as we talk to a car pooling company who puts commuters together based on how much they want to chat. How that works out, i have no idea, but well find out. Stocks in the u. S. Have had their worst day in more than a month ahead of next weeks fed meeting. Are we at a Tipping Point . Has santa disappeared . Well be over in boston for a view on what happen ....
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