Close. Yum brands which owns kfc missed on earnings due in part to lower sales in china. Washington outweighs earnings with the debt ceiling drama. Yesterday the vix options set a one day volume record at cboe. While the dow dropped 159 points, nasdaq was off by 75 and the s p by 21. The commodities were much more tame. Gold moved down 6, oil inched up 52 there is a serious salmonella outbreak. 278 people in 18 states have become sick since july. The outbreak is linked to foster farms chicken. The numbers to watch for are on your screen. No one has died. And the Neiman Marcus christmas book is out. Among the extravagant gifts a 1. 9 Million Dollar demand ring that includes a trip to africa where it was mined. Larry shover of sfg alternatives joins us now for some trader talk. Larry, is there a political drag on this market . There definitely is a huge washington discount. Half the traders are scared because they dont want to miss out on some type of resolution rally. The other half are
Down 69 centstwitters first weekly loss. The stock closed down 6. 8 for the week. And homeowners in new york and new jersey are already making money on the superbowl by renting space on sites such as homeaway. The big game is feburary 2nd at metlife stadium. Lets check in now with Scott Shellady of trean. Joining us now to talk all about the market. Good monday morning to you today and of course we are facing a holiday week here, so what do you anticipate as far as as far as volumes in the Trading Market . Well volumes are going to be thin. We are not open on thursday. Its the end of the month, you have to be careful these quiet markets tend to be volatile and because theres not a lot of selling behind you its hard to get short. Quiet markets tend to gravitate sideways to slightly higher, be careful about getting short because you are going to need that calvary to come in, let you out and then sell it back to you. Its an ominous there and like some good advice. Thank you for that scott
Dropped to the 99 dollar per barrel range. Netflix stunned wall street with its Earnings Report after the close. The stock surged 10 on numbers that topped expecations netflix also offered an optimistic view for its holidays numbers. Mostly due to the success of streaming tv shows such as breaking bad. And, jc penney and Martha Stewart define a deal. Following a lawsuit claiming Stewarts Company was wrong to sell certain merchandise at macys and jcp. The revised agreement covers a more focused line of items sold at penney including window treatments. Daniel stecich of Tjm Institutional Services joins us on this tuesday morning. Good morning daniel. Good morning angie. Glad to be here. Whats likely to happen with stocks and jobs today . Well, thats the big thing. One drives the other, and its not stocks driving jobs right now. We have to see what this jobless report comes in and were looking for 180 with an Unemployment Rate of 7. 3 . Actually, i think its kind of a winwin here unless w
Of 1773 on the deal out of congress. Gold gained 39 dollars and oil dropped to 100 dollars per barrel. Some analysts say oil was the safe haven play during the debt default crisis. In earnings after hours google shares rallied to 950 after earnings blew past expectations. More layoffs are planned at wells fargo. The firm intends to let go nearly 1,000 employees in its home loan unit as demand falls for refis. And, the Labor Department makes it official. The jobs numbers from september will be out on tuesday after being shutout during the shutdown. The market expects 183,000 jobs were added to payrolls and the Unemployment Rate will remain steady at 7. 3 and now that the government is rolling again. So is panda cam Lincoln Ellis of green square capitol joins us now. Lincoln it has been a wild week and now today its options expiration dayits also a full moon. But what do you think about trading today . It might as well be friday the 13th right . And the new all time highs we are seeing o
Indexes were up for the week. Commodities . Gold close higher by 2 dollars and oil was up slightly. The fast selling super sexy all electric tesla might become a new division of General Motors. Sales of the chevy volt have paled compared to tesla and there is talk gm is eying the luxury electric car as an acquisition target. The kindle is on fire. On Christmas Day the number of people activating their new kindle was 24 times higher than on an average december day way ahead of apple and samsung products. And 1 million 300 thousand americans are waking thius morning to a painful reality. No more extended jobless benefits from the governmnet. Those benefits ended on saturday. House republicans removed the extension from the recent budget deal. Lets take a look on the final couple of days of this year of trading. At the markets, todd horwitz is the guy with averagejoeoptions. Com. Is anything gonna be moving these markets in the next 2 days . I would guess not. Good morning bill. I dont th