Noted when i came in here, a lot of them are talking about the fact that the prior month had been revised lower. The prior month which seemed like they were good news, in fact, were not as good as they seemed. They take these numbers with a grain of salt. The dow, nasdaq and s p are mixed today. The dow is up about one third of 1 . What is interesting, this will be our third wedding week in a row. They have not been dramatic moves, but last week was pretty slots. Jpmorgan and bank of america are some names on the dow that are holding on pretty nicely. The tech heavy nasdaq down one half of 1 . Adam a lot of people watching that jobs number. Thank you very much. Dennis according to todays jobs report, the Unemployment Rate is down to 7. 7 . The lowest level it has been to since 2007. 23 billion people are out of work or underemployed. Is this a Real Recovery . Michelle girard joins us now. Thank you for joining us. When you see people get excited about this number or the fact it is high
Meeting of the congressional principles. President obama continuing his pressure saying at a food pantry we stand a good chance of defaulting. Still trying to figure this out on the leadership side. The next step appears to be the budget negotiation. When the markets look at where we are, it is not so much the fact that we have not approved the debt ceiling increase, it is that we dont have a credible solution to deal with our longterm debt and spending. Rich the problem is republicans are looking to keep what is known as the sequester in place. Democrats want to undo the cuts. They want to replace some of them with tax increases. Now it is going the other way. Democrats seem to have the leverage here. Cheryl trading stocks are well off of session lows. We see these comments crossing from senator harry reid. Is this the entire reason we are seeing markets reversed . I would have to think so. The problem clearly is it is a political football. I am not sure how seriously, i guess we have
Potential. Right now apple at 5. 29 and change. Some nice room to grow. Talking about the pressure on margins apple faces obviously intense competition but also the fact they will be launching a new iphone app coming along, all the thing these things werg about for next year and those to make it into their margins to alternately that is whether lord their price target. Mcdonalds, samestore sales moved higher and beat the analyst expectations of 2. 4 , that obviously outpaced october which is a losing month, first losing month in nine years for mcdonalds, but theyre doing well for breakfast and in europe. Lori thank you as always. Melissa president obama had to try to seeking more support for the fiscal cliff plan. Peter barnes is here with the latest. Just over an hour they will speak at a Diesel Engine plant persoextending tax cuts for fedl tax workers. Keeping up the pressure on republicans to cave on taxes after the president and Speaker John Boehner met at the white house yesterday
Today. I am sorry, session highs for the s p 500. I got excited. With that being said, you have the up arrows. The s p 500 up one third of 1 at the moment. Lets talk about why we are seeing some of this optimism. Lets take a look at ford. A new 52 week high. They came out with some good numbers. Raising guidance Going Forward. That is good news. Back to you. Adam thank you. Lori one of the contractors behind the obamacare website says the website is being fixed and will be ready in time for january 1. Richardson joins us with the very latest. They will not say exactly when this will be fixed. They did not have enough time to test it. There is just too many people logging on to the exchange and that is the root of the problem. There are thousands of website that handle volume far larger than what healthcare. Gov was faced with. Surely the website was designed to handle more than 2000 users. They are not responsible for what i call the front door. Rich this hearing is about four hours ol
Why the government, not the banks, are doing more harm than good. Stocks finally in the green after a tough start to the new year. Lets check in with Nicole Petallides. What is driving the market . Nicole all the major averages down a percent or more from yesterdays close. Gaining back a lot of that, up 11 116point somewhat of a reversal. The other thing talking and reading a note he sends out, sometimes you see the market slow down a little bit, but that is not the case today. A different type of market and the people waiting for little bit of bottom fishing may be disappointed. The nasdaq up and the s p gaining half of 1 . One winner on the dowel all time high, United Health care. It was raised over at Deutsche Bank. That is good news for them, the Top Performing sector, health care overall. There is the look one year at health group 50 in the last year. Lori thank you for that. Good news if you are stuck at the airport, jetblue restoring service in new york and boston after being fo