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Bank warning the fed not to hike. Oil is just a tad lower. The road map has the rally continuing this morning. Plus the september date has arrived for apple. A new iphone, ipad, apple tv, can it help the stock going into the Holiday Quarter . Next big short. Why one Natural Gas Company is, quote, a disaster. First up, futures are arise again after the dow closed up 390. The nikkei surged up 7. 7 . And shortseller, continuing to sell the alarm on his bet against china on squawk. The chinese economy, since i was on squawk in february of 2010, was growing at 15 , nominal. Its now growing at 5 nominal. 7 real, 2 deflation. It has been going down in terms of the economy by 2 a year. Thats going to continue. The model is broken. Chanos reiterating his message, that is the economy is still 50 . Investment driven, and as the economy slows down, he sees a credit event where they ....
The only real takeaway is that were nowhere near a deal. Hence why the market nose dived. Dow plummeting 185 points. Nasdaq falling 1. 29 . Why ticktock portfolio . Because its becoming evident that we dont have just one traumatic worry ahead of us, the fiscal cliff itself, but a second one, which is that times not on the side of the compromisers anymore. Theres just too much going on in washington to presume that even likeminded people can wrest the debate from the partisan extremists of either party, those who sink below and not rise above. Even if youre confident that a deal can be reached someday, you had to have your breath taken away by the first question from the press after the president gave an impassioned statement about the need to avert the cliff thats going to raise everybodys taxes and just cause such havoc. Thats because the question was about general petraeus. Not the financial time bomb facing us. Oh, no. Petraeus . Petraeus . Dont you know this is bigger than petraeus ....
Cramer and david faber. This could be a very big day in the markets. The day after the attempt to pass plan b in the house has failed. We saw the futures down as much as 200 points. Right now were down 162 on the dow. The s p looking to lose about 19 at the open. Most notely were seeing a spike in vix futures. Its indicating more volatility ahead. Europe, largely taking the cues from here in the United States, and the news last evening about plan b. We are seeing a 1 loss in italy, germany is down by. 9 . Of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. An attempt by House Speaker boehner to avoid that class and pass the socalled plan b tax bill. That failed. The measure that would have kept current tax rates for those making less than 1 million a year. It never even made it to the house floor. Speaker boehne ....
Freestones City Grill in New Bedford is looking for Mike Faber and 'Jumpin Joe' Days after finding a couple of autographed blocks in the wall during remodeling. ....