Youre watching First Business financial news, analysis, and todays investment ideas. Good morning. Its tuesday, november 20th. Im angela miles. In todays first look traders and investers are feeling better about the possible ending for the cliff hanger in washington. They were buying the market with both hands on monday, leaving green arrows pointing higher across the screen for stocks and commodities. Federal reserve chair ben bernanke speaks today at a new York Economic Club meeting. Hes expected to talk about monetary easing and the economic recovery. Eurozone leaders meet today to talk about bailout funding for greece. And the World Bank Says more droughts are likely worldwide as Global Temperatures continue to rise. Violence is ratching up in the middle east. John brady of rj obrien joins us now for a look at the trading day from cme group. Good to have you on the show this morning. Thank you much. Oil prices were higher yesterday by almost 3 during the session at one point. Is th
Bernanke is to set to testify about the economy on capitol hill tomorrow and thursday. Its not detering the stock market. Monday the dow and s p rallied to record highs. The nasdaq lifted 7 points higher. While gold gained 6 dollars and oil added on 50 cents. The Mercedez Benz c class sedan is under investigation for potential risk of an electrical fire. 200thousand cars built between 20082009 are being checked. 21 owners reported issues. And, executive search firm heidrick and struggles. Is losing its ceo. Kevin kelly steps down. We hare checking on the bond market this morning with tom boylan of performance trust. Tom, good to have you back on the show. The fed is back in focus with testimony happening on the hill this week. How is the bond market likely to react . For the last couple of weeks since the unemployment report came out a week ago friday the ten year treasury traded off to a 275 on a stronger than expected number from non farm payroll. Subsequently weve rallied about 20 b
Expected 195,000 jobs were added, and the Unemployment Rate will tick down to 7. 7 . January joy the first month of the year was a good one for the stock market. The dows top performers gained nearly 6 , and among the Commodities Oil had its best start of a new year since 2006, which pumped up prices at the gas station. The average cost of gallon of unleaded jumped 13 cents this month. And in legal action, peregrine ceo Russell Wasendorf will get 50 years in prison the max for cheating investors out of 215 million. Todd horwitz of the adam mesh group joins us now. He has a closer look at the jobs trade. What are you expecting in trading off the jobs number today . Good morning. All signs the whole week pointed to this one number. The expected number for the forecast is 195. The expected number is 215. If were not north of 215, i think the market is going to be in for a little bit of a rocky ride today. Todd, as you know, they often say, as goes january goes the rest of the year. This w
10. PETER J. BARRIS
Virginia
$1.95 BILLION (GuruFocus)
VENTURE CAPITAL
Northwestern University (Electrical Engineering); Married, 2 children
At 70, venture capitalist Peter J. Barris enjoys an impressive climb through the ranks of this year’s list, his fortune elevated on the wing