Superbug in the medical center. And winners and losers in the greek financial crisis. Lets get to the top stories we are following. The u. S. Government is asking a federal judge to lift his temporary hold on president obamas executive action. The stations have argued the president s action was unconstitutional. They say is unlikely the judge will put the ruling on hold or that means the request would then go before the fifth u. S. Circuit court of appeals, which has federal jurisdiction. President obamas bees at this hour in washington to members of retired persons. This as the white house says it will throw its rate its weight behind a white house proposal over time and savings. It will require brokers to assess customer best interest which could limit the earnings of Financial Advisors. Classic is really unfortunate the white house would engage in this type of political discussion when in fact, they are picking a fight with 58 million american households that deal with registered re
Distributing supplies. A joke onboard an airline turned into the real thing. A passenger sneezed and joked heha d ebola. For the struggle against oppression of young people and children. North koreas king jongun in question. He hasnt shown up for one of the biggest prescriptions. More protests following the shooting death of a teenager by an offduty police officer. Adrianet pnerso facing arrest again after he admitted to smoking weed before taking a drug test. How freaking stood stupid is that . Jan hook of saturday night live died. Has his halftime headliner. Katy perryou y might have heard of her. Usually criminals walk into their station. Something else aedrriv in northwest england. A fumble by. The colts win it. Leave it to george to crash a panel at new yorks comiccon. It is not lost on meha tt i am spending my honeymoon at comiccon. On cbs this morning. The president was attending a fundraiser at the home of gwyneth paltrow. Some tickets cost up to 32,000 per person. That seems c
Rising prices may help reduce the amount of securities it needs to achieve its buying gold. U. S. Cuba talks and diplomatic ties will resume on sunday and have anna. Officials are working on reestablishing diplomatic relations and reopening embassies. And raising the offer for [inaudible] pharmaceuticals. It is offering the plan to the salix board this weekend. Lets get to our markets desk. Another triple digit move from the doubt to the downside. It would represent the Third Straight weekly loss. The second week of declines. Investors are pricing in our starting to price a stronger dollar. What it means for earnings down the road along with a lot of questions about what the fed will do create when will it start raising Interest Rates . The retail sales this weekend Producer Prices today cast doubt on an immediate move. You have a lot of uncertainty right now. A lot of people moving money as well to europe and japan where the nikkei closed above 19,000 strong dollar help say it above 1
Unmet needs or changing courses during changing times. Yet, its a terrific part of this amazing longterm rally, including today, where the dow climbed 39 points, s p advanced 1. 2 and the nasdaq gained 0. 23 . I know this factor is underestimated because i see it every day. This morning we got a textbook example. Right now theres a widespread perception that stocks are expensive. You hear it all the time, bubble, bubble, bubble, bubble. If you did read this mornings wall street journal, you might have see a story entitled frostbitten costco is on thin ice. In this ahead of the tape al article, we see the kind of negative bias thats become so characteristic of this moment. This story says and i quote, thursdays results of course meaning this morning had the potential to disappoint, given that the stock is more richly valued than oush usual. Whats the worry here . Another month of zero samestore Sales Numbers growth or worse may make investors see the tank as half empty, rather than half
Jumping here. Of course what happens . Stock market turns south at least from its earlier heights. It gained 27 points after being higher. The s p climbing. Its got me upset. I have said it once a thousand times. Higher oil is bad. Higher gasoline is terrible for the stock market. Higher heating bills are horrendous for the stock market. There. Theres nothing else to it. End of story. But, let me explain, in case anyone is unclear about this. Obviously a market that could go into the red at one point today doesnt get it. My biggest worry for this market right now is the transports the index which has all the different levers of commerce in it. Transports have been rolling over for days. We did a whole segment last night how transports could be in trouble. Its a serious thorn in the bull side. We get a 3 decline. And suddenly the case changes. Now we have a chance to see higher earnings and better gross margin comparisons for the most Important Group in the market the airlines. Includin