But the 52 billion man, Mike Bloomberg, was not in the debate. All in all, it was rather subdued affair, especially sense it came just hours after another day of impeachment hearings. Oh, how different from the highly rated Republican Debate four years ago that featured donald j. Trump. Thats that. The debate. Lets get to the money. Macys profit went up, sales went down. The retailers very much in focus as the Holiday Season gears up. So far, Department Stores like macys have been struggling. They are largely based in malls and malls are getting clobbered by online shopping, amazon in particular. Macys stock will be down about 4 . Look at this. Charles schwab, number one discount broker, talking about a merger with number two, ameritrade. Looks like they will become a very big bank that offers free stock trading. The whole brokerage world, really shaken up. Both of those stocks up significantly. Overall, the market is still yanked around by trade headlines. The president says this, the
Banks and commodity stocks weighing. The nikkei dropping more than 2 . The index is down more than 10 since the beginning of january. In the u. S. , stocks coming off a wild session. The dow traveling more than 1,000 points yesterday during a very choppy session. This despite a relative ly leve trading range of 256 points. A big move yesterday. Sharply higher open for the dow jones. The s p opening higher as well as the nasdaq. Mike, Deutsche Bank says theyre going to buy back senior debt, potentially. Why would that move the u. S. Markets . Why would that help Deutsche Bank with its capital . You have a bid in the market, especially in the bank stocks, right in the afternoon when you got that report. Clearly the market likes it. It signals Deutsche Bank can do this, that it has the liquidity to buy back the debt. Its almost a signaling mechanism to say, were not so constrained, we dont have a liquidity trap right now, and we can actually do this if we want. Thats one reason. If the co
Back 39. Gold is the only green on the screen adding 12 dollars and oil slipped just 26 cents. Also making news. Crude oil reserves are at the highest level since 1976. Reuters reports google glass goes public next week. The tech giant will take orders tuesday. The price tag is 1,500 dollars. And, the government reports 7. 5 million americans signed up for obamacare. That news comes as the New York Times reports Kathleen Sebelius the health and Human Services secretary who was in charge of the troubled rollout of the federal healthcare excnahge website is resigning. The president is expected to name a replacement today. Oh what a market this is. Joining us now is chris gersch of altimus capital to check out the situation on this friday. Good morning to you. We had that close below 1840 in the s p 500 yesterday. What happens today . How do you play it chris . Good morning angie. The close below 1840 was a key level but even more than that the 1834 right where it settled is a key pivot p
ValueAct Holdings L.P. purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 608,000 shares of the software maker’s stock, valued at approximately $125,686,000. Paycom Software comprises about 2.5% […]
KPP Advisory Services LLC raised its stake in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) by 53.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,197 shares of the software maker’s stock after buying an additional 765 shares during the period. KPP Advisory Services LLC’s holdings in Paycom Software were […]