The dow had its intraday high of 30 minutes before the president spoke. Right now of 131 points. The market moving mostly to the upside. The blue chips, hewlettpackard up above four 1 4 . 14. 26 per share, but down about 45 for the year. Economy names like caterpillar in the green, up three in the third. A similar story for ge up to one 1 4. So these are widely held stocks that could be in your portfolio. Your pension fund doing very nicely on this last trading day. There is a school of thought that no matter what happens in the debt deal negotiations gold is the ultimate winner. The idea being that the fed is going to have to print more money either way, deal or no deal. Gold very close to session highs, up 20 in the aftermarket. Take a look at silver up one 2 3 . Highgrade copper up one and threequarters percent. What does that tell you . Optimism. The countdown is on. Now we are eight minutes, eight hours, 59 minutes to go watching this every single second for you. This, of very ser
Into the holiday. People want the summit deliveries. Well, apart from amazon we have other Technology Companies on the move as well. Lets get to Nicole Petallides workman from the floor of the nyselisted. Less talk about the tech movers and shakers. Reporter lets do that and take a look. Of course, one that everybody loves. It is pulling back a little bit today, down 1 3 of 1 . Over a thousand dollars. Approaching that level. 10. 13. Keeping a close eye at twitter. The 39 range. Lets take it off. Such a great run up over 40 percent this year. The analysts loved it. But today what is interesting. Morgan stanley actually looking. Just saying, listen, and expenses, a great run. This continues to be great, but it is evaluation call. Taking a little bit of debris there on the stock and just saying in line from attractive. That is only because it is run up so much. That is why theyre not pulling it off the best ideas list. The meantime we are keeping a close eye on twitter which has been a m
Creating jobs in the small town, were pleased to have the mayor join us with his story in minutes. Melissa very cool. Lori time for a market check. Lets head down to the floor the New York Stock Exchange, giving back earlier gains. Nicole that is true. We have been pushed around a little bit, even moved into negative territory but the move to the upside and getting some of the moves to the upside with the gains we are seeing, Dow Jones Industrials up 34 points, the bank stocks are looking little better and that is one of the reasons we have had the turnaround. Drug stocks doing good. The dollar continues to drop. As the dollar is dropping that gives room for the commodities and equities to move higher. I wanted to take a look at a name that is making news and that is molly corporation. Rare earth is something that has the demand they have seen is dwindling particularly in china. And so now you are seeing this stock dropping 22. 5 . That is a drop of almost two and a half dollars now si
Niemira says only half of americans polled recently have finished their Holiday Shopping. The consumer is behind on their completion. That means we rely much more on the next few days for it to pick up dramatically. Reporter because of all the fiscal cliff doom and gloom, retailers are worried. And perhaps they should be. After all americans think their personal finances will take a hit next year. And that might mean fewer gifts under the tree. We believe that the post black friday lull that weve seen in the last three weeks that consumers are spending at a very restrained rate simply because they dont have the money and theres a little bit of a fear factor out there. Reporter but, there are those who say its wrong to credit the fiscal cliff for the lackluster Holiday Shopping season. More likely they think shoppers are playing a game of chicken with retailers, waiting for more stores to drop prices. If thats true, shoppers may be disappointed. Will retailers react to the softness weve
Reporter retail expert mike niemira says only half of americans polled recently have finished their Holiday Shopping. The consumer is behind on their completion. That means we rely much more on the next few days for it to pick up dramatically. Reporter because of all the fiscal cliff doom and gloom, retailers are worried. And perhaps they should be. After all americans think their personal finances will take a hit next year. And that might mean fewer gifts under the tree. We believe that the post black friday lull that weve seen in the last three weeks that consumers are spending at a very restrained rate simply because they dont have the money and theres a little bit of a fear factor out there. Reporter but, there are those who say its wrong to credit the fiscal cliff for the lackluster Holiday Shopping season. More likely they think shoppers are playing a game of chicken with retailers, waiting for more stores to drop prices. If thats true, shoppers may be disappointed. Will retailer