Dollars in fines, in the last year. Now, the Financial Industry Regulatory Authority wants your opinion on this proposal. Speaking of being taken, scammers are targeting older americans. Victims 60 and older now account for more than a quarter of people filing complaints. More than double what it was five years ago. Hit the brakes. Better still, hit the kill switch. Regulators are weighing whether to offer firms on the New York Stock Exchange a kill switch to cut off trading in the event of highspeed trading errors. Farmers may switch from corn to soy. This years bumper crop of corn has contributed to the lowest price in three years. Lets get our day started with Lincoln Ellis of green square capital. Lincoln. What do you anticipate for the remainder of this holiday trading week . Well the worst of this week is going to be relatively quiet and that means probably positive news for equities. If you dont really have sellers out there the trend is up and its very much in tact. Was gdp rea
Rallied 293 points. The nasdaq 46, and the s p 30. Gold dropped 13 dollars oil was up small change. Oracle surprised wall street by topping earnings expectations. The stock traded around 35 dollars after the close. And a 2 year compromise budget deal has been passed by congress and will be signed by president obama. There was even a consession on military penesions. Daniel stecich of athena Advisor Services joins us now. Daniel, a terrific relief rally yesterday. The market clearly feels better. Do traders feel better now that they know that tapering is going to happen . Thats right. And i think the market likes certainty. What was a surprise was when i was speaking to people yesterday about this, i thought the market might fall off a bit if there were a taper and it did. 60 seconds later it was up 12 points and then by the end of the day we were up 30. But the market does like certainty, the fed gave a little more direct statement as to what they do. No tightening until the Unemployme
Ebays massive data breach is under investigation. Regulators in europe and in the u. S. Are currently investigating how hackers obtained access to the companys 145 million users. Speaking of investigators, dick tracys twoway wrist radio is about to be made by samsung and could be available in a month or two. The Worlds Largest smartphone sellers watchphone will be able to make and receive calls without being tethered to a smartphone. Might apple give us a peek at its smartwatch . One week to go before Apples Worldwide Developers Conference in San Francisco where such new goodies are announced. Apple shares hit their highest point in ayear andahalf, last week. A lot of us who just did a lot of driving over the holiday probably noticed gasoline prices are at their highest in a month. Daniel stecich, sr. V. P. Of athena Advisor Services joins us, hi dan hi how are you this morning . Im doing very well. So is this a seasonal rise or is it an indicator that traders think a lot more of us ar
Vote vote vote mr. Reid madam president . The presiding officer the majority leader. Mr. Reid for those are we in a quorum call . The presiding officer no, were in a vote. Mr. Reid madam president . [no audio] the presiding officer are there any other senators wishing to vote or change their votes . On this vote, the yeas are 41, the nays are 56. Threefifths of the senators duly chosen and sworn not having voted in the affirmative, the motion is not agreed to. Mr. Reid madam president , for those students that are out there trying to learn what goes on in the senate and for those professors who teach what goes on in the senate, this is not totally new but its its in the category of being fairly new. This is an example of republicans filibustering not one of our bills but their own bill. How about that . 26 republican cosponsors and they filibustered their own bi bill. We have asked on a number of occasions what weve done around this body for decades you come up with a list of amendment
February for stocks. Dow clinched 4 in gains. The s p 4. 3 and, nasdaq 5 mixed news about the economy came into the market friday. 4th quarter gdp was revised down from 3. 2 to 2. 4. While manufacturing numbers out of chicago took wall street by surprise by improving slightly from january. From the retail department. Bloomberg news reports the secret service is investing sears for a suspected hack attack. Sears insists its security was not breached. And the wall street journal reports jcrew is in talks to be sold to a japanese retail company. Trader daniel stecich of athena Advisor Services is joining us now to talk about this Market Reaction to the gdp. What do you think daniel . I dont think we saw any surprises on the gdp. They were pretty much expected where it came at. Whats more surprising to me is that they make these robust announcements early on and then they all kind of fade away. All things being said, the market reacted well to it so i dont think theres any problem going fo