Amazon and microsoft. The baton is passed this week to apple and linkedin. The markets open this morning with a lot of positive energy. The dow starts trading about 120 points from its all time high. A 13 year high for the nasdac and that there is a record high for the s p 500. For 2 weeks straight, gold closed higher. Energy stocks were up friday though they posted a loss for the week. Wholesale inventories and sales were up about a half a percent for august. The data are late due to the government shutdown. On the other hand Business Investment is slowing a sign of waning confidence . Commerce Department Data show Business Investment has stalled a possible signal that Business Leaders have less confidence in future economic growth. A lot of traders spent the weekend raising glasses of champagne toasting the good times. Lets talk to scott bauer, hes with trading advantage. Scott, do you think it will continue when the markets open up later this morning . I think were in this period ag
2. 4 billion dollars tax dodge by senator carl levin. The equipment maker disputes the allegation. A cook county judge throws out a lawsuit by a Chicago Law Firm in connection with the Malaysia Airlines flight 370. The judge called the filing improper. And the fbi is now investigating possible criminal wrongdoing in High Frequency trading following a 60 minutes report. A new trading month and a new quarter get underway at the sound of the bell. Joining us now is matt shapiropresident of mws capital. Good morning matt. Good morning angie. What do you think about the new month in trading ahead . Yesterday we had a rally out of nowhere at the end of the quarter which is unusual. A lot of times there is profit taking in the last couple days so im really optimistic. This week were going to have a lot of Economic News followed by the big jobs report on friday so well have to see what happens over the next few days. You say the Market Action was unusual. What do you mean by that . Weve never
Back 39. Gold is the only green on the screen adding 12 dollars and oil slipped just 26 cents. Also making news. Crude oil reserves are at the highest level since 1976. Reuters reports google glass goes public next week. The tech giant will take orders tuesday. The price tag is 1,500 dollars. And, the government reports 7. 5 million americans signed up for obamacare. That news comes as the New York Times reports Kathleen Sebelius the health and Human Services secretary who was in charge of the troubled rollout of the federal healthcare excnahge website is resigning. The president is expected to name a replacement today. Oh what a market this is. Joining us now is chris gersch of altimus capital to check out the situation on this friday. Good morning to you. We had that close below 1840 in the s p 500 yesterday. What happens today . How do you play it chris . Good morning angie. The close below 1840 was a key level but even more than that the 1834 right where it settled is a key pivot p
The dow plunged 179 points, the nasdaq 62, s p 23. Gold added 6 dollars and oil dropped 1. 09. Google is buying Home Automation Company nest lab for 3. 2 billion. Charter communications reportedly wants to buy time warner for 132. 50 per share. The government logged a 53 billion dollar surplus in december. Its expected to reduce the government deficit by 41 in the first quarter. The obamacare 2013 numbers are in. And show 2. 15 million americans signed up picked a health plan through Health Exchange websites. Jim richter of Performance Trust joins us on this Tuesday Morning for a closer look at the bond market. Good morning jim. Whats the bond market signaling about 4th quarter earnings . Good morning angie. Clearly bonds are strong this year. Had you asked 10 economists at the start of this year where rates were going they would all say they were going up. If you look at where 10 year treasury and long bond is trading they are down in yield and up nicely in price from the beginning of
Lost 4 points. While the s p gained 5. Gold flatlined oil added on some small change. The sec meets today with exchange executives to find out what was behind nasdaqs trading glitch. Trading suddenly stopped for 3 hours last month and regulators want to know why. Ibm is selling its Customer Care business to synnex corp for 505 million. And, pandora names Brian Mcandrews as its next ceo and chairman. The stock has been mostly on the rise the past few days. Todd horwitz of average joe options joins us on the show this morning. Todd, you have been a tape fighter. We have the dow well above 15,000. The s p showing a breakout here. How do you like this market now . Hah, good morning angie. Well, you know, if you really look at the tape overall where weve been in the last 10 weeks is in consolidation. Were in wide sweeping consolidation, but still in consolidation just the same. We havent taken out a new high yet. Were just up at these next level of ranges 15 3 in the dow, 1685 in the s p, a