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4. Oil added on 2. 63 apple shines in its patent case. The internationl trade commission ruled that samsung infringed on iphone patents owned by apple. Samsung is expected to appeal. And aol has turned into a chatter stock. Shares rose 2 friday on speculation the Internet Company is planning drastic cuts or that it may shut down its local news sites, called patch. Scott shellady of trean group joins us on this monday morning. Happy monday morning to you, scott. Good morning. How critical will the Inflation Numbers and retail earnings this week be to traders . Its going to be very critical with the feds dual mandate. We have to keep an eye on inflation. I dont think weve got inflation. I think weve got disinflation. Bernanke mentioned that in his last speech. Something to watch Going Forward we actually might be in a ....
Economists. It could bode well for the governments numbers out friday. With the market predicting 185,000. It also means the fed could move closer to tapering its stimulus program. The dow and s p fell for the 4th session in a row. The dow dropped 25, the nasdaq flatlined and the s p dipped 2 points. Gold fell 5 and oil inched up 2 cents. Amc entertainment is offering moviegoers the chance to buy stock in its upcoming ipo. The theater stock is on track to price next week around 20 per share. Bundle up for a brutal blast of artic cold. Ice, snow and freeze temps are expected across most of the country. Time now to say good morning to tood horwitz of average joe options. Hes our man on the Trading Floor this morning. Good morning todd. Good morning angie. Youre one of the doomiest gloomiest guys i know in the market today. It feels like the market wants to go lower, a lot of that having to do with jobs jitters. What do you think . I ....
Week starts following the worst trading week of the year for the dow. Selling persisted friday with the major indicies all giving up ground. Gold rallied 12 dollars. Oil finishedup 41 cents. Violence in egypt caused several Major Companies to shut down businesses there. Among them gm, Royal Dutch Shell and toyota. And deere and company is recalling 7,000 tractorsdue to a faulty rollover system. No injuries have been reported but the company is warning owners to stop using the tractors immediately. The tractors were sold nationwide from february to july. Michael gurka of chicago based spectrum Asset Management is on the show with us this monday morning. Happy monday to you michael. Thank you. We have a lot coming from the fed this week. Fed minutes and the big jackson hole meeting with the fed heads. Will that hold ....