numbers in weak. the stock having one of its worst days in years. down about 27%, 26% today. this comes as jcpenney fires 2,000 workers and gets set to close 33 stores. the changing face of retail all across the usa. will malls even exist in 20 years? and the imf chief christine leggard, a major serious warning about deflation. not inflation. she says it could hit the global economy very hard, and central bankers don t really have all that many tools to fight it. sue, who s always upbeat at the nyse on a bit of a down day. we try to be upbeat. today down in the dow jones industrial. checking markets now for you, the dow is down 74 points. at 16,407. the s&p down 4 points on the trading day. 184433, last tick there. nasdaq composite in the green fractionally trying to hold on to a gain. ten-year note, yield now traded at 2.84%. co-mex gold up $2.40 and brent crude last trade down a fraction. 107.10. a big week for the banks. on tuesday, jpmorgan beating the street with q 4 e
of best buy plummeting in the premarket down 30% after reporting u.s. comps for the holiday season fell 0.9 percent. jcpenney cutting underperforming stores and cut 2,000 jobs to save $65 million a year. citi results were short of estimates and goldman beats on earnings and revenue. and united health beat estimates by one cent a share, increase in enrollments helping there and cms missed by one cent a share. best buy tumbling after reporting u.s. comps for the holiday season down 0.9. citing intense discounting by rivals and supply constraints for key products and significant declines in traffic and what it calls a disappointing mobile phone market. best buy saying it sees fourth quarter operating margin coming in below year-ago levels. we know what a high flier it was last year guys, but to lose a 30-year value before the market and many millions of shares trading before the bell. this was a case we were joking about it, remember when one after another after anothe
it was for a moment. ital ital italy s coalition looks like it will survive and the ecb standing pat with interest rates. adp, because of the shutdown, the the only number we re expected to get this week comes in under expectations. and george soros making a claim that the euro crisis is over but the european union may not survive. and what is microsoft without bill gates? some investors are pushing for gates to be removed from the board. and the three major ipos, brands that you know, we ll bring you the first trades as soon as they open. first up, futures moving lower on day two of the government shutdown, this on which data from adp shows private sector added 166,000 jobs last month, below expectations. the numbers taking on more significance as friday s release of the jobs numbers has been hindered by the showdown. the president hosts 19 ceos at the without today, center stage is jamie dimon and, jim, here s how the papers are playing the shutdown. here s the jou
simon is my partner today down at the nyse. hi, simon. hello, sue. we have a moving situation on the floor here at the new york stock exchange. we were down about 180 points on the dow. we re rapidly coming back now. apparently on a new york times report that suggests that house speaker boehner is willing now to go back into negotiations with the white house, with obama, in order to end that threat, yk, that we have not just on the debt of the united states, the debt ceiling, but clearly day three now of the government shutdown. most major assets are in negative territory. the one standout are treasuries which you might say perhaps ironically are rallying, and therefore the yield on the ten-year has come down to 2.6%, more or less, 2.6%. gold is down. oil is down. as you can see. the big reason for that, obviously, are these two deadlines, the debt ceiling and the government shutdown. let s bring in steve liesman for more on that. steve. thank you, simon. i want to sepa
question of the bigger debt ceiling question. it is the five-year anniversary of t.a.r.p. 10-year hasn t moved much, hovering around 2.62. europe showing more momentum over there as well. our road map begins with the president telling cnbc this time the market should be concerned about the dysfunction in washington, but is the shutdown the biggest weight on stocks right now? trouble for tesla, at least yesterday and again today the shares are falling after the video surfaced of a model s that caught on fire. big win for bp. a federal court halting payouts in the oil spill. and some harsh words for samsung. quote, nobody will buy this watch and nobody should. i stopped. immediately i was going to buy one. i wonder what his opinion is on this. hard to tell. neutral. day through of the partial government shutdown after a stalemate. a meeting resulted in no breakthrough to resolve the impasse. the debt ceiling is just two weeks ago. i think this time s different.