to 212. banks that do business in cash strapped countries got a boost but the euro-driven rally lost steam in morning trade. investors will dig into minutes looking for clues about the central bank s policy plans. dell shares slipped after sagging profits and a warning of more tough times ahead. facebook dropped to $18 after one of the earliest backers sold his trade in facebook. best buy suspended its profit outlook in the wake of a 90% plunge in quarterly income. and urban outfitters 18% higher.
not spend the extended bush tax cuts. but now they are spending and how. a new report says upper income shoppers splurging 45% more during christmas week. and now retailers, luxury ones like tiffany are upping their profit outlook for 2011. are the tax cuts helping the economy? sure they are. the president is living in a keynesian fantasy land. rebates are one-shot and cut in tax rate means you have more incentive so the rich is spending more. good for the economy. david: extenting the bush tax rate cut are good for the whole economy? wow, david! we started the segment with how the average people should work for less money and now we talk about how the ultra super wealthy, super duper rich guys should get more tax breaks because tiffanies did well at
in the housing sector. another triple-digit gain for the dow. the s&p 500 adding 14. the nasdaq climbing nearly 19 points. the u.p.s. posting a profit. the shipping giant is also raising its profit outlook. fedex also benefiting. shares up a little more than 2% after the close. ford posting a 35% jump in january sales. shares climbing almost 2.5%. media giant newscorp reporting just after the closing bell, beating on both earnings and revenue. big gains for the quarter, not even taking into st the mega hit avatar. most of those earnings will show up on next quarter s reports. dr horton with upticking pending home sales. now, back to hardball.