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Is about to bite us in the assets. Sues out, im in, tyler at the nyse. All right. Great to be with you. Futures, of course, this morning a bit of a bleak story, but its been a pretty good day frankly. Certainly for the s p 500, certainly for the nasdaq compass sit. Is wall street worried washington will not get itself together before the next set of deadlines. January 15th to fund the government. February 7th for the debt ceiling. What is the worry here . Theres not much if you look at the spx at 1729. I think thats an alltime high interday and the composite look at that, 3856 and that is, what, 140 some points away from 4,000. 90 days away from the Government Shutdown, maybe another one, 113 for the debt ceiling. The alltime high for the s p as we said, was 1729 and look, we dont have it on there, but well get to it. 1729. The industrials down just 33 points. But a large reason for that is ibms troubles. Its a highpriced sto ....
Ability to keep their kids on their Insurance Plan till theyre 26 1,000 500 discounts on Prescription Drugs for seniors on medicare. So, 85 of the population whether they know it or not over the last three years have benefitted from a whole set of the provisions of the law. By the way if it were to be repealed, you would be taking away all those benefits from folks who already are enjoying them. You had this subportion of the population, 15 , who either dont have Health Insurance or buying it on the individual market. And thats still millions of people. And what were doing is creating a marketplace where they can buy insurance and we can provide them some tax credits to help them afford it. The basic structure of that law is working. Despite all the problems. Despite the website problems, despite the messaging probl ....
This year last year hewlettpackard was the worst performer. This year a best buy . Until it left the dow it was the best performer. We see the springboard and some names is what people might be able to do with those in 2014. Were get a realtime check on the consumer during this Holiday Season. William lauder will join us chairman of estee lauder. That stock has done very well this year. Did you see this amazing moment in ukraine . Historic toppling of the statue of vladimir lenin. Its more than just a youtube moment. It could mean a lot more for anyone who owns emerging market funds, for example. Michele Caruso Cabrera will join us to describe the implications. Lets get a quick check of markets. Starting off pretty quiet. The dow is adding 16 points. A couple points higher on the nasdaq. On s p 500 perhaps more significantly, bill are simply the levels were looking at. 16,000 ....
Were looking at millisecond level trading here and the question is whether or not an unusual pattern of trading indicates that information left that lockup room before the stroke of 2 00 on the atomic clock as was scheduled. Let me walk you through graphics here that detail that unusual possible trading. Starting with the mini futures. This is e mini futures measured in milliseconds after 2 00. The blue vertical line on the left side of your screen thats 2 00 exactly. This has to do, believe it or not, with the speed of light. These are tradeded in chicago. It takes about 7 milliseconds for data traveling at the speed of light to leave washington, d. C. , and get to chicago. The vertical yellow line there, thats the 7 millisecond line. Look what we see in between those two lines. We see trading in the emini starting to sky rocket up before the 7 millisecond speed of light travel time to chicago. The question is, how did that trading happen . Again, look in the gold features. We see a s ....
Hi, ty. The dow did hit a new record today. The s p not yet, but 25 stocks in that index did hit new records. Lets check the markets for you. The Dow Jones Industrial average up 97 points off its high of the trading session. The s p up 5 points. The nasdaq composite is really, perhaps, the most interesting index right now of the day. Down 13 points. And look at that chart. It shows a steep drop earlier this morning. The nasdaq dropping in large part due to the fall of apple tesla and celgene. Apple down. 3 , tesla down 15 . Joe is chief Market Strategist with u. S. Trust division of bank of america private wealth management. Bob joins me here on the floor as well to talk about this market. Joe, im going to start with you. As we move into the latter part of the year after such a spectacular performance by stocks, do you think the s p 500s ten sectors will have a perfe ....