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FBC Markets Now October 16, 2012



nicole: there was a lot of shock here. right in the morning we heard about the fact that he was stepping down and quickly to follow was the chief operating officer. we learned that he was clashing with the board on many things such as strategy, performance, the morgen stanley unit was big in that and other things as well. right now you see citigroup has been all over the place. it has been higher by three quarters of 1% after being down at a level of 35.55. people digesting what we have been seeing from citigroup. as far as the major markets, dow jones up triple digits. just went through the dow 30 and some of the names that hit 52 week highs. i have five names for you. johnson and johnson, traveler about walmart, merck and pfizer. they have hit 52 week highs. we continue to follow the nasdaq. it is tacking onto yesterdays gains. you can see all three of the major averages. another factor that we will continue to follow is gold. it is up eight dollars today. dagen: than ....

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