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KICU First Business August 27, 2013

Also treasury secretary jack lew says the u. S. Government will hit the debt ceiling by mid october unless Congress Votes to increase the limit by the end of the session the dow fell below 15,000 losing 65 points, the nasdaq was unchanged and s p dropped 7. Gold crossed the 1,400 dollar mark and oil is trading around 106. Jc penneys acking stock. Shares fell monday on word hedge fund manageer bill actman is selling 39 million shares. Hes the single largest share holder in jcp. Tony harris of Performance Trust joins us today. Tony, the market shrugged off that durable goods order number yesterday but today were going to be looking forward to that gdp number. What do you see in the bond market . I think that the bond market has had a change in terms of it caught a bid early in the day on monday and it held the gains throughout the day. You had poor new home sales report back ....

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Intel Jumps After Upbeat Forecast Boosts Optimism About Chips

(Bloomberg) Intel Corp. shares gained after the chipmaker gave a bullish revenue forecast for the current period, indicating that demand for computer components is improving and a long-awaited comeback may be underway.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worry Lifts Yen: Markets WrapFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreUS Growt ....

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