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It is time to heed the call of business leaders, labor leaders, faith leaders, and Law Enforcement and fix our broken immigration system as for the market trading could get tricky today. With an annoucement coming from the fed later today. Stocks made a turnaround yesterday ending a 3 day slide. The dow rallied 91 points, the nasdaq 14 and the s p 11 gold dropped 10 and oil revved up 1. 52. Herbalife is back in the spotlight. Shares fell 1. 50 yesterday on a report canadian regulators are probing allegations the company is operating a pyramid scheme as the company has rejected such claims. Winter woes hit the south. Hundreds of flights are cancelled. And some cities could come to a stand still during a deep freeze. Larry shover of sfg alternatives is on top of the Market Action for us today. Good morning larry we are on fed watch. What do you anticipate . I dont anticipate mu ....
Rain county as well as the sheriffs office. Again ross police tell me they will be back out here in a matter of a few hours when daylight hit so they can have the better visibility, and like the officer said or the chief said, they are hoping that maybe just the suspect found a way out of the water. Theres still a free if in effect along the Russian River in snow ma county. It is expected to crest just below flood stage later this morning. Parts of the county experienced minor flooding during yesterdays storms. The affected areas included the park where the water was up to a foot and a half deep. Theres not a lot we can do about it. We tried sandbagging in the past. It was fruitless. There was flooding a few miles away in pet lieu ma, including a companys creekside parking lot. More rain is expected later this week. People in east pal low alto are keeping a close eye on a levee in danger of giving away. This is all happening along ....
Market action had to do with calming comments about the economy from new fed chair janet yellen on capitol hill thursday. The wall street journal reports quiznos is preparing to file for bankruptcy in the next few weeks. The paper says its due to declining sandwich sales. And, jos a bank rejects a 63. 50 per share offer from mens wearhouse but is willing to consider higher bid. Trader chris gersch of altimus capital joins us on this friday morning. Happy friday to you chris. Happy friday. We definitely saw those yields move on yellen yesterday. What do you anticipate for today . I think that we are going to see continued yield movement. What is really strange about those yellen comments came outyou had yield to the downside when in the equity market we closed at all time highs yesterday. Thats sort of a conundrum. You dont expect yields to fall with all time highs. But i really think that one going lower and one going higher will not survive through the trading day today. Look for yiel ....
Years. Gold fell 7 dollars and oil was up a dime. Jp morgan reportedly agrees to pay 4 billion dollars for misleading the government about the qaulity of home loans it sold to fannie and freddie just before the housing crisis. And, an Environmental Group in lousiana says oil gunk is still coming to the shore in the gulf of mexico 3 years after the bp oil spill. Bp claims the 1 Million Pounds of oily material could be from another source. Larry shover of sfg alternatives joins us for an early look on this monday morning. Good morning larry. Good morning. We have a jobs number tuesday to get ready for. Whats the market telling you . The markets saying theyre gonna discount whatever the number is because of the Government Shutdown. The numbers might not be full of clarity until december. However, they are looking ....
The United States triple a status could be soon be downgraded because of the debt ceiling gridlock. Stock were on a roll but stumbled yesterday after the house the dow fell 133 points, the nasdaq 21 and s p slipped 12. Gold edged up 3 and oil down a buck 49. In earnings after hours intel beat wall street estimates but failed to confirm growth in the 4th quarter. Yahoo topped earnings by a penny on revenue that was just barely shy of expecations. A Financial Times report says amazon is creating a smartphone with htc. And twitter chooses the New York Stock Exchange over the nasdaq for its ipo. Alan knuckman of trading advantage joins us now. Alan, you are watching the d. C. Drama. Good morning to you. What does the market think . Actually thats the only thing we want to focus on. Focus on what the markets telling ....