Stocks soaring yesterday on all of this news about a potential deal out of washington. Yesterday, the market was up by better than 2 . A gain of 323 points for the dow. Thats one of the best market days all year. The futures this morning after that big rally are actually, believe it or not, indicated slightly higher. Barely up there, but you did see a downturn earlier in the futures that turned around after it looked like a deal was at least a very good possibility. As for the publics opinion on the whole situation, americans are saying fire them all. Theres a new nbc news wall street journal poll that finds the majority wants to toss out the entire congress. Just 14 say the nation is headed in the right direction. Thats about 0. 5 of who felt that way just a month ago. 78 call the country on the wrong track. That tells you a little bit about how bad things got in the last couple of weeks and that might tell you why the two sides sound more willing to negotiate. John harwood is going t
Cheryl the high Profile Exchange goes offline and reports of a massive theft. Lot happening in the next hour of fox business. But first, the dow up 19 points. Major averages in a bit of a roller coaster ride, volatility is back, nicole. Nicole putting out a note today saying how the market was testing his own vital signs. We held since they balanced off the levels, we do have that backandforth action. That is seeing his own back and forth. One thing worth noting also is the floor type of look at the big board, they see stocks higher, gold higher, treasuries higher. Now that is an unusual mix. Back to you. Cheryl watching the s p. That is what we need. G close. Adam big names reporting quarterly results, sandra smith with the trading. Things warmup, things will head outside and repairs on the houses. Six straight years of beating expectations, that drove sales in the quarter. Betterthanexpected earnings driving the price up there. Macys doing quite well, up 5 in todays trading session.
It than members of the committee . The way to think about it is a corporate trojan horse. We can get president obama thinking correctly on this. There are still plenty of details to work out. But we are confident that we can do so. Pump up the jam good to have you with us tonight, folks. Full disclosure off the top. I gained six pounds in england. My back is sore. Im a little owly tonight. And normally when im owly, i tell it like it is, so fasten your seatbelt, okay . Now this show tonight is all about trying to get president obama to see the world the way liberals see it on this particular issue. We dont want to steer the president wrong. But this is one of these stories that the tea party and unions intersect. Thats right. See, the tea partiers are always out there saying we want our country back. Question is tonight, do you want to give it away . The tea partiers always say that theyre about the constitution. Well, lets talk about the constitution tonight in sovereignty. Now, good,
Worried about the economy. We really after we got through that one day of euphoria, the market had trouble getting out of its own way. I think part of the issue, scott, when you think about a weak economy, the next thought is, what does that mean for earnings . Were approaching the end of the Third Quarter, just a few days away. Thats going to be really the opening in terms of what is to come for this economy. If we see corporate earnings take a hit, that, of course, is going to directly impact the stock market. In addition weve got washington and the clock ticking there a little louder now. Now a week away from a possible Government Shutdown over the budget, the potentially far more serious debt ceiling battle also closing in. Your money in the crosshairs of a dysfunctional washington with the very latest on how far apart the two sides are. Two key lawmakers are here live with us to talk about that as well. Just when it seemed blackberry was in its darkest hour, fairfax financial offe
Also on todays agenda, we have key Economic Data. Last months reports show price gains slowing in 14 of the 20 cities that were surveyed. Chrysler filing paperwork for an ipo up to 100 million. The ipo will be underwritten by jpmorg jpmorgan, coming more than four years from the automaker emerging under management. Bill fight going on between the unions there which led to this. Well talk about that. Also, the Justice Department now reportedly preparing to sue jpmorgan in the mortgage bond it sold in the run up to the financial crisis. We should note, as we should whenever we talk about some of the mortgage related sales precrisis, some of that came from bear stearns and from Washington Mutual when they acquired. Bank of murk now must pay more than 2. 2 million for 1100 black job applicants. The decision awards back pay and interest to former candidates for teller and entry Level Administration and clerical positions in the banks hometown of charlotte, north carolina. Joe, over to you.