Stay updated with breaking news from Jim dunnigan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
can we do about it plus four stocks to trade those global water fear approximates. we begin with shares of general electric hitting seven-year highs on the back of its latest earnings. the stock has not closed at $29 or above since yawing august of. it s slightly below that and moving higher, about 12% so far this year. is all the restructuring working. mary thompson breaks it down for us. a lot of investors are at least betting it will work. ge in the midst of a massive restructuring and it delivered stronger than expected profits for the thirty quarter even as revenue missed estimates. the better than expected earnings helped by strength in the aviation and transport businesses and the news it plans to sell its majority stake in the consumer finance arm has helped to push shares to the highest level this is seven years. the exchange will lead to a $20 billion buyback, two-thirds of the $30 billion in capital ge is returning to shareholders this year. 2015, of cour ....
attacks on u.s. banks have been struck in a series of coordinated attack these mop details at the moment, unclear. but the attackers are believed to have stolen large quantities of data, including information on checking and savings accounts. they re looking into the possibility that russian hackers are behind those attacks. there were other reports that suggested they had gotten employee information, joe. one of the things i wonder more than anything else about this, beyond my own security, i m a customer, by the way, of chats. i don t know what banks you frequent, but these are reports coming from sources that are close to this investigation, whether they be government sources or bank sources. the banks themselves have not publicly disclosed this. and the question i always wonder is we talked about this on the air before. when if you are a company are you supposed to disclose that there has been a hacking attack? clearly this has happened at least over the past severa ....
before the bell, we ll be hearing from retailers walmart and kohl s. and the bulls are hoping today s earnings and economic news can give stocks another boost. the dow snapped its three-day winning streak. out to the futures this morning, you ll see at this point there are some strong moves in a positive direct. dow futures are up about 60 points above fair value. the s&p 500 up by eight points, the nasdaq up by almost 20 points. while we were sleeping, asia closed mixed. take a look at what happened with the nikkei. it was up another 1%. a lot of speculation out there that the prime minister shinzo abe may have decided to call an early election. also thoughts that they would be putting off the planned hike in sales tax. if they put that off, that would be another positive for the economy. industrial production rose therein than expected last month. shanghai was down 0.3%. retail sales falling slightly below estimates. if you take an early look at what s been happenin ....
sell dollars. there had been a lot of people calling for that. it turns out it is actually happening. pay attention to greece. stocks falling as the second round of a approximateliat volley takes place. antonas samaras failing to get enough votes from parliament in greece. the analysts say early elections could derail and some of the reforms and raise the risk of another economic setback. andrew, back over to you. thank you, becky. some stocks to watch this morning, chesapeake energy failing in a deal to sell southwestern energy. that company okaying a stock buyback plan of $1 million. the company says its small to medium sized business continues to show growth. vanda pharmaceuticals, those shares surging after the company agrees to sell with novartis. and then there s confidential resources, feeling the impact of its own oil prices. the producer announcing plans to decrease its capital budgets to $4.6 billion from 5.2 billion by the end of next year. other corp ....
equities were favored over bonds but the flows into equities moderated into october. as for december, it historically has been the best month on the average for the dow and the second best month for the s&p. this morning the futures, when we get into the trading month for december, you can see they have barely budged. dow futures by 4 points, s&p down by 1 and nasdaq up by 1.5. among the eye lights, we have the european central bank s last meeting of the year. in the u.s., a first revision to the third quarter gdp comes on thursday. friday, the big number. the november jobs report. markets watching that very closely to try to figure out what the fed is thinking about all of this. steve, i ll send it over to you. thanks, becky. let s talk shopping. after the first official weekend of holiday retail. the national retail federation reports shoppers spent less than they did a year earlier. the nrf suggests shoppers spent $407.20. online sales soared. meantime, research ....