David vaton is on the hunt for an ipad mini and he says when it comes to getting a good deal, sleep is overrated. I stayed up the whole night, i did not go to sleep at all. Today, so its been a really long night. I got up at 2 00 in the morning. I probably got like five hours of sleep but im awkwardly awake right now. How much do you expect to save . Well i just saved 50 bucks on this jacket. I dont know, maybe another hundred, save about 150. Reporter more than 145 Million People are expected to go shopping this weekend, and while thats slightly less than last years estimate, retailers are still feeling upbeat about the state of the consumer. Stores often make more than a third of their annual sales during the Christmas Holidays and black friday is seen as a good barometer on the season. I think it creates the momentum for the rest of the season and by the looks of it this year i think were going to have a great season. Reporter and when it comes to worries about the slow economic rec
The dow surged 175 points to a five year high, the nasdaq added 32, the s p was up 19 points. Investors and traders warmed to the Federal Reserve chairmans steadfast support of the Central Banks bond buying spree, he thinks the asset purchases are necessary to keep Interest Rates low in order to spur growth and boost hiring. The fed has been buying 85 billion a month in american i. O. U. s since last september. While it wont stop the strategy, it will soon Start Talking about how to stop. We havent done a new review of the exit strategy yet. I think we will have to do that sometime soon. Even if we dont sell any securities, it doesnt mean that our Balance Sheet is going to be large for many years, it just would be maybe an extra year, thats all it would take to get down to a more normal size. Tom other factors at play on wall street today included, an auction of italian bonds was well received, fending off new worries about the european debt crisis. And here in the u. S. , january dura
Chest. At apples annual Shareholder Meeting today, cook said the companys board remained in quote very, very active discussions about options for cash sharing. Some apple experts say the tech giant is more likely to divulge those options some time in march. I think they can modestly raise the dividend and modestly increase the buyback without doing anything special any other sort of financing things like that. What investors are looking for is a way to use that 100 a share in cash and getting it back to the u. S. For more dividends and more buybacks. Reporter the push for apple to share some of its wealth has accelerated this year, as the stock once a market darling lost a lot of its shine. After hitting a high of about 700 a share in september, it now trades in the mid 400s. This year alone the stock has slide 17 , as the Broader Market has rallied. But hoarding cash isnt apples only problem. Theres been a growing perception on wall street that apples Growth Prospects are dwindling. T
Meeting today, cook said the companys board remained in quote very, very active discussions about options for cash sharing. Some apple experts say the tech giant is more likely to divulge those options some time in march. I think they can modestly raise the dividend and modestly increase the buyback without doing anything special any other sort of financing things like that. What investors are looking for is a way to use that 100 a share in cash and getting it back to the u. S. For more dividends and more buybacks. Reporter the push for apple to share some of its wealth has accelerated this year, as the stock once a market darling lost a lot of its shine. After hitting a high of about 700 a share in september, it now trades in the mid 400s. This year alone the stock has slide 17 , as the Broader Market has rallied. But hoarding cash isnt apples only problem. Theres been a growing perception on wall street that apples Growth Prospects are dwindling. Thats as competition heats up for sma
Not only is it a country with relatively low debt and a good credit standing, but its also a country thats the 15th Largest Oil Exporter in the world. And we think oil prices will continue to edge higher here. Reporter but, remember, even if you just buy stocks of big american companies, you likely have Significant International exposure. Intel, mcdonalds, merck, caterpillar, exxonmobil and i. B. M. All get at least half their revenues outside the u. S. Figuring out the International Exposure of your potfolio may not be as simple as it once was. But its still important. Foreign stocks typically dont move in lockstep with u. S. Stocks. And that can help reduce the risk in your portfolio, if the u. S. Market turns south. Erika miller, n. B. R. , new york. Tom well have more on emerging markets in just a bit with market monitor guest marshall front of money manager Front Barnett and associates. Stocks struggled to gain ground again today, as we learned the nations manufacturers tapped the