During the shutdown and you get back pay as a federal worker, you may have to repay those unemployment benefits. Connell people literally getting paid twice. Thank you. Dagen the s p making a record run. And look at google go. Nicole has the latest on the new york stock exchange. Nicole remember when is it going gaga for google. You noticed the s p 500 record alltime high. Today, you probably did not expect today to be the day you hit an alltime high after all of what we said on washington. The partial Government Shutdown and reopen again. There is the s p 500 up 1 quarter of 1 . Up 22 this year. Nasdaq on track for the six weekly gain in seven weeks. Over the last three months, the nasdaq up 7 . Google and Morgan Stanley helping to lift the sentiment as we noted. 1000 trading as high as 1046 after its quarterly report. Back to you. Connell we will spend a few minutes talking about the stock market. Where it is, where it is going. Should you be long, should you be short. The 27th recor
All of the action for you, its sure going to be a busy week. Earnings, Economic Data and, of course, the Federal Reserve. Jason weisberg is on the floor of the New York Stock Exchange, and Price Futures Group phil flynn joins us from the cme. Jason, to you first, is this the calm before the storm trade ahead of the ped . I think this is really the earnings trade. I think the fed will be a big nonevent as it has been. I think the budget talks and the stalemate that occurred priestly up previously upstaged the fed, and i think the fed is going to be a footnote compared out of what we saw out of the government. I dont know, jason, global stocks were on the rise on some thinking that the fed instead of, you know, for months, for two months its been the talk of when will the fed taper, but now, boy, maybe we need some additional stimulus. Today we had the existing home sales that were a little wit weaker and some of the manufacturing data didnt come in so solid, not to mention the jobs repo
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Adam verizon. Pretty good road there. I read one analyst who said the new connection is good, but not as good as it could be. The mac that was kind of surprising. I agree with you. It sounded like a positive number when i first read it. Adam there was another positive there with verizon as well. 50 of their wireless base is now smart phones. Smartphones are taking over. Adam i am sitting next to a woman who just got her 5s. Lori i have not even told my husband yet. I think you just busted me but i was entitled to an upgrade, though. Shares of ibm are plunging to a two year low. Ibm chief Financial Officer says the company will be dealing with the impact of the china slowdown for another couple quarters. Adam president obama says no shutdown caused completely unnecessary damage to the u. S. Economy. Peter barnes is live for us outside the white house where we go next. Peter we got a little bit of a preview of the future budget and debt ceiling battle to come. The president thinking demo
Dagen i was surprised to find out the knee is the bestselling tablet. Connell the issues price and has always been. We will charge more than anybody else and can they keep doing that . Did make the issue is whether the large ipad or the minivans the pillsbury doughboy and fall for the larger ipad. Date just being helpful. Dagen stocks held higher by the jobs report. The Unemployment Rate did fall but it is what they will do, Nicole Petallides at stock exchange. Nicole good morning. We are looking at a market that is up 63 points, 16,456 as we got in the monthly jobs report. Is true. We look to the fed and the fed less likely to begin capering and we will see janet yellen coming on board weather they do it at all. We are seeing markets with an up arrow, the dallas up 1 2 , looks like the s p 500, the ticket in nasdaq squeezing a gain of 2 , shares of delta hitting new highss after a strong Earnings Report doing well with quarterly profits, increasing to help the long, not only at home i