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Or else well have more days like today. Where the averages got scalded. Dow plunging 131 points. Nasdaq declining. Thats precisely what happened this session. The market said with this particular pummeling that the consumer is on the ropes. Not enough good things happening away from the consumer. To keep the averages at thats admittedly lofty levels. How do we know this . Simple. Because of a slogan. A slogan many of us are familiar with. Macys has everything. And today for first time in four years macys reported sales and earnings that were disappointing. And the companys too good, too well r...

Defund the health care bill. Among our newsmakers on the topic this morning, we have former oh bam in omb director peter or zaszag. Then coming up at 8 30 eastern, we have former vice chair alice rivlin. And aei senior fellow Kevin Hassette. And in other washington news, the federal Housing Administration will likely soon take a cash infusion from the treasury. The agency needs help to cover losses from souring loans. Jcpenney looking to raise as much as 750,000 to 1 billion to build up its cash reserves. The retailer is leaning towards issuing new shares. But other methods of raising capital ...

Have more days like today. Where the averages got scalded. Dow plunging 131 points. Nasdaq declining. 41 . Thats precisely what happened this session. The market said with this particular pummeling that the consumer is on the ropes. Dont have enough good things happening away from the consumer to keep the averages at these admittedly lofty levels. How do we know this . Simple. Because of a slogan. A slogan many of us are familiar with. Macys has everything. And today for first time in four years macys reported sales and earnings that were disappointing. And the companys too good, too well run ...

Hundred Senior High School students on a school trip to south koreas Maritime Police say the dead included a second year students and a crew member. One hundred and seventy nine were rescued from the shed and two hundred and ninety one that i still unaccounted for. Media shot last year shows the ship tilting its deeply before it sank. It just passengers holding on trying desperately to stop themselves from rolling. Many passengers say the ferry began to list immediately after they heard a bang. Ship sank quickly experts say the vessel may have had a beef and fifteen to go and its cold. Another...

With the averages roaring higher at the open only to pull back over the course at one point, before ultimately trading back up dow edging higher, advancing, nasdaq climbing. 63 . What is ailing this market . I think its the fact that people expect too much from it. They want a perfect world, something they arent going to get, some combination of low Interest Rates, cheap stock prices, the resignation of Bashar Al Assad in syria. High commodity prices, but low inflation, a president that says no new taxes and that congress that says we need to help create more jobs and were not going to worry a...