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On october 17th, the u. S. Credit rating now under a microscope. All of this really has just continued to snowball and put some pressure on the markets. We have a lot of down arrows across the board sector to sector, all 30 dow components have been in the red most of the day and the vixx, the fear index, is higher. Whats dragging on the dow, some names related to aerospace and defense because with the Government Shutdown a lot of the employees who would normally do some of the inspections are not available to do that. For example, the blackhawk helicopters and other aircraft weapons, so Liz Macdonald has been on this as well. Just talking about the fact that now these companies, United Technologies and boeing are under pressure, and United Technologies ....
Different picture. All ten sectors are winning, intel leading the way on the Dow Jones Industrial average, multiple upgrade including jpmorgan, putting a price target of 29 on intel and this is because they think the pc market will hold on. And the Technology Leading the way but drug stocks, retailers, oil services, a lot of green arrows today. Back to you. Lori thank you. Dennis a warning for cash strapped state after three years of research the state Budget Crisis Task force issues a final report that warned state and local government finances remain in the journey of fixes despite tax revenue, peter barnes live from the capital with more on his first on fox Business Interview with a coauthor of that report. Peter new york state lt. Governor dick ....
Capturing another key city in iraq, this one in the north along the highway to syria. Meanwhile, the u. S. Is scrambling to move staff from embassies in baghdad as president obama considers working with iran to stop isis rebels. Joining me now, our very own list macdonald and jack howe of barrons. Spencer, what do you think . Well, its a very difficult situation, and theres no easy answers. And, you know, were pulling out. President obama said were not going to send in more troops, so we dont have a lot of good options here. Mel we dont. At the same time, the market is remarkably calm about this, jack. The fact were talking to iran about this gives you an idea, these are people alqaeda has denounced. Melissa right. And the real risk for the u. S. Right now is we did a story in barrons a couple weeks ago about the troops coming home from iraq and afghanistan. Weve had better battlefield treatment for them, they come home with much Highe ....
Level, we are watching the vix very closely. Budget deal stocks as well as economic news. A mix to retail sales a little better and joblessness continues to show a weak economy and weak job numbers. Lets look at lulu lemon which was a darling for a long time under pressure, a 11 , going to have a new ceo but todays news is about the fact that their expectations for sales and trends will be lower. Traffic, hard to get products to the stores and quality issues we reported on as well. Dennis the friendly skies may be less friendly. Regulators getting set to vote on whether americans can have their say on the issue of being able to make cellphone calls during a flight. Rich edson live from Reagan National airport with more. Can you hear me now . Rich i can and thank goodness we are not on a cellphone. If we are 25,000 feet from now and we are on our cellphones we can have that conversation at least if the fcc continues to move forwar ....
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