Have chinese central bng. People saying that peoples bank of china injecting liquidity into the system and concerns of underlying the shakiness globally of markets and those macro worries of the chinese economy and willing to we should put it this way. One central bank or another or all of them. Upstaged our own fed. Other thing thats happening is a shocker in the Hedge Fund Industry. The California Public employees retirement industry, the nations Largest Pension Fund and done investing in hedge funds. This, again, one of the first to go into the investing in hedge funds. Saying the results dont justify the high expenses. Speaking to a reporter that broke the story and find out how the Hedge Fund Industry is reacting. Yeah. Could be the tip of the iceberg. Thiss the fear in hedge fund in business. If the biggest goes, would others follow . Well talk about that coming up. A lot of excitement, of course, the alibaba ipo on friday. But our own Herb Greenberg isnt sold on the chinese ecom
The end of july. Facebook shares falling nearly 4 . Although you can see the last pick on that was up by about 0. 25 . This came after the Company Raised after the companys shares have risen 36 yeartodate. Technology was the worst performing top sector. Futures at this hour look like they at least at this point look like theyre going to be indicate indicated down slightly. Dow futures down by about 16 points below fair value. Well be talking more about the markets in just a few minutes. In the next hour, well be talking with Jeremy Siegel, making the case for why he thinks people should be staying invested. Andrew, over to you. Thank you, becky. One of the rationalezations for the selloff in tech is some investors are selling Top Performing tech names to make room for alibaba. Jim cramer has made this comment. The ecommerce giant, of course, set to go public this week, boosting the price range now on its ipo to 66. From 66 to 68. Somewhere in between there amid strong demand. 88 of ame
In with spanish hymns. And the heartbreak of an entire community. All the songs that were there really gave you a little punch in the heart. I have grandchildren. Its terrible. Its terrible. Inside the church, a standing room only crowd came to pay their respects and find peace with andys death last week. I think that maybe being here in church might consolidate you for a few minutes, but then the nightmare will never go away. Many at the mass knew the teen. They took away one of my friends from his parents and from my life. For others, andys face was a stranger in the crowd. Until his death. Now, the 13yearold, a symbol of violence hitting too close to home. Its heart wrenching. Its very heart wrenching, having seeing the mother. I cannot fathom what shes going through. Long after andy was taken back to the funeral home and his family left to mourn in private, the crowd stayed, offering prayers for a child who could have been their own. We all want to believe hes in a better place, th
Numbers look out as we kick off cybermonday. Which retailers crushed it and which ones were crushed . If you were keeping track, the dow added 421 points last week and bulls argue it could add even more if european leaders settle this dispute over greek aid. Well discuss the potential impact as they meet in brussels right now. A big day for analyst upgrades. Research in motion, facebook, yahoo well go over those and see why citi needs three analysts to initiate coverage of apple. Well begin with retail sales picture from this past weekend. 139 Million Consumers shopped during black friday weekend. Thats up from 132 million last year. Total spending up to 59. 1 billion to 54. 4 a year ago. Average Holiday Shopper spending 434 over the weekend. Sales on black friday fell 1. 8 from the same day a year ago setting the stage for today known as cybermonday. American shoppers will spend 1. 5 billion online today up from 1. 25 billion a year ago. The papers have it. Usa today retailers hail. J
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