Calculation by me came to roughly a 7 decline when the market would open. A decline that was unrealized and then tossed aside when the day dawned and grew light with the dow ultimately gaining 257 points today. S p climbing 1. 1 . And the nasdaq finishing the same, up 1. 1 . The markets now up close to 4 for the week, which means if we can hold at these levels, this will be the best week of 2016. I know youre puzzled. I know its hard to believe that someone who is regarded as the enemy of the stock market last night can be embraced as an old friend by midmorning. But i want to explain, just put it in plain english so that you can understand whats happening here. To begin, though, you have to get into the heads of the people who actually bought stock, people who committed capital today. Thats whats often the key to figuring out a rally. It was downright absurd, totally insane, but then of course turned out to be anything but. So let me list the types of buyers, the people who came in wi
Market would open. A decline that was unrealized and then tossed aside when the day dawned and grew light with the dow ultimately gaining 257 points today. S p climbing 1. 1 . And the nasdaq finishing the same, up 1. 1 . The markets now up close to 4 for the week, which means if we can hold at these levels, this will be the best week of 2016. I know its hard to believe that someone who is regarded as the enemy of the stock market last night can be embraced as an old friend by midmorning. But i want to explain, just put it in plain english so that you can understand whats happening here. To begin, though, you have to get into the heads of the people who actually bought stock, people who committed capital today. Thats whats often the key to figuring out a rally. Thats how youll know whether insane, but then of course turned out to be anything but. So let me list the types of buyers, the people who came in with real money, why they were motivated to do so, and how they moved the market. T
5s models as the less expensive 5c, that according to Intelligence Research partners. David we have learned that Sony Television pictures will become the first big Hollywood Studio to produce a new tv show for netflix. Netflix shares were already surging on news that the company could put an app on cable tv boxes, but this sent them soaring higher. Liz Advanced Micro Devices popping today as well after getting a wall street upgrade to outperform from neutral. Theyre in both the xbox and the playstation. David and facebook has agreed to buy an israeli startup, the app maker. It did not give details of the price, but news reports suggest facebook is paying between 150 million and 200 million. Liz and robert shiller, a frequent guest on this program, is one of three americans who have won this years nobel prize for economics. Professor spiller is one of the men behind the caseshiller index on home prices. The other two winners, eugene fana and louis hansen. After the bell starts right now
Women of pd for their response to this situation. We have Los Angeles Police department, tsa, fbi, laso and other agencies. We will treat this incident with the unified command. Many, many details will not be given out at this point. We will not speak about the nature of injuries, we will not speak about the suspect. The investigation is being handled with the fbi with the cooperation of the Los Angeles Police department. Again, tremendous unified response. Know that this region worries about its airport because of the complex issues involved with various jurisdictions. It was handled very well today. Thank you. Hold on, one second. Well next hear from fbi special agent in charge. Special agent to talk about the investigation. Special agent in charge of the fbib bowecih. Were working with l. A. Police department in respect to this investigation. The investigation is ongoing. Im going to give you very little facts today, very few facts. Were working with the u. S. Attorneys office as we
Youre watching First Business financial news, analysis, and todays investment ideas. Good morning. Its friday, january 11th. Im angela miles. In todays first look its an s p 500 hundred party the s p closed at a 5year high yesterday. Financial stocks were among the leaders. Just as wall street is making gains, American Express is sliming down. The Company Revealed its cutting 5,400 jobs. The stock edged up 1 on the news after the close. And Vice President joe biden says he will have recommendations on curbing gun violence by tuesday. John brady of rjobrien joins us now for a closer look at the market. This could get interesting today. The s p 500 crossing 1470. What does that mean to traders . I think from a technical perspective its suggests the market is strong. We are heading into earnings season, where earnings season expectations are rather modest given so much concern about the fiscal cliff last quarter. So, technically the market looks pretty strong. Now the hope is, of course,