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The next week or something. You didnt say i want this to be for the next seven months. No, not seven months. Its only been two weeks. It has not been two weeks. Three weeks. 3 1 2. 2. 85 . I am so in the money. I couldnt have bought an option any shorter. You could have changed the terms of the deal after we got into the deal. You cant do that. You were right the idea that rates could go lower. Now we have to figure out the market. Yeah. Its concerning, though, i guess this is really the market sitting and taking a look at the jobs number that we got on friday which is well below what had been expected. And taking all this into account with are we ready for tapering and is the economy really there . Youve got goldman. Already were going to be talking about lets keep in mind oh, god, i sound like phil. At the enof the day, 257 is where the dow is. If we build up a lot of fear, and were still above 15,000, thats the way these markets move when theyre in a long when theyre going to keep a ....
The round number watch continues. I love it. Coming up later on closing bell, a big news maker, Prince Alwaleed Bin Talal al saud. Hes been asking saudi arabia to diversify because of the natural gas explosion and fracing in america. Well talk about how hes allocating capital. Which includes big stakes in citi, news corp. And twitter. Dont miss that. We hear he made 600 million on the twitter investment, on the ipo there. Unbelievable. More fallout from the new health care law. A new poll of midsized american businesses shows theres a trend to move workers to parttime status due to the mandates of the law. This is something the white house has been pushing back against very hard. But these numbers tell a different and disturbing story. Were going to have more on that. Stay tuned for more results. Bill, a lot of people pushed back on this whole idea. I reported this first on meet the press and got killed on twitter for i ....
Europe is down for the second consecutive day. Our road map begins with jcpenney, a pleasant october surprise as comp sales rise for the month. Trends look upbeat for the month and is giving the stock a big boost in the premarket. Deere jumps on quarterlies but lowes falls. And youre going to want to hear what yahoo Ceo Marissa Mayer had to say last night in San Francisco. Well have that for you. Shares of jcpenney up sharply despite a wider than expected quarterly lost. Mike ullman says penneys is encouraged by the open in november. Theyre talking 2 billion plus in liquidity, sequential increases in margins and comps. There was a whisper around they would lose 2. This is the agabeginning what i have would call the normalization of jcpenney. Theyre going to go back to being nothing, just another retailer. Theyll be like kohls. Well talk about jcpenney like kohls. Main thing ....
As well and europe moderately in the red as asia does retreat from the big gains yesterday. We have hit dow 16,000 and s p 1,800. But then those comments from carl icahn yesterday spoiled the party a bit. There could be an announcement this morning involving that 13 billion settlement between the department of justice and jpmorgan chase. If and when, well fill you in. More problems for tesla as the automaker is the subject of a formal government probe involving fires in the model s. The dow hit 16,000, the s p 1,800 yesterday. Both closed below those levels after carl icahn expressed concerns about current valuations, saying that stocks, in his words, could face a big drop. Jim, the story for retail in the Fourth Quarter is going to be price competition and margin pressure . I think companies mentioning price competition, best buy, contrast Urban Outfitters last night, cont ....
Signal a slowing economy. Something well be kicking around a lot. It is the talk of the town. The Dow Jones Industrial average meanwhile is off 168 points at the session low. We were off more than 200. A little bit of a comeback here clawing its way back anyway. Still negative. Meanwhile the nasdaq off. 6 . Or 25 points today. The s p 500 shedding almost 1 , 17. Right in line with the dow there. The russell 2000 has been the leader to the downside for much of this move lower. But today even though it was down 1. 4 or thereabouts at one time, that has come back this afternoon. Interestingly. The blue chips have not followed suit. Something well keep an eye on as we go into the final hour of trading here for this thursday. Lets kick things around in our Closing Bell Exchange today. Sharon stark is with us with d. A. Davidson. John kosar from asbury research. David ....