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So, were not saying were going to see it this month, necessarily, but we are off to a down start for the month so far. Sure well get into that and market reaction. Plus, exclusive reaction to the selloff with pimcos bill gross. He has an eyeopening opinion of how investors should be playing this market. Hell tell us what keeps him up at night. The minimum wage is back in the news. We have a fast food worker walkout scheduled for tomorrow. The president was demanding an increase in the minimum wage. Today well talk to a major e c exective to a major food chain about what would happen if they were forced to pay all workers 15, which is essentially double what most fast food restaurants pay. What do you do . Cut jobs . Make burgers smaller . Sliders for everyone. With the dow off about 60 points, off the low of the session. It was down about twice as much at that point. The nasdaq only off about five points. The s p 500 off three. Interestingly enough, there have been some social media na ....
Indicators. And friday, existing home sales. As for earnings central, watch for reports today from cocacola, medtronic, more weejance cruise lines and others. Then this afternoon, were going to hear from Companies Like herbalife. Ahead of all that activity, lets take a look. Its a mixed bag, plus or minus the flat line either way. Scott, it is a short week, but it is a busy one. Europes activist is reportedly in advanced talks to acquire forest laboratories. Forest value the it up to 25 billion. That stock is up about 18 . And the deal could be announced as early as today. Mine while, hp executives reportedly knew about autonomys Accounting Practices months before a whistleblower flagged them. Youll remember hp said it was a victim for having paid 11. 1 billion for buying autonomy in 2011. But it was accused of overstating revenues before it was sold. They said a report ....
For allegedly opening up customer accounts without consent, forging signatures. I mean is your identity safe anywhere . Well look at that story coming up a little bit. The rally continues on wall street today. I mean in this you know after we saw what happened, bill, with the fed, the 300point move we had after the fed decision to taper, you know the aftermath still remains pretty solid. Were adding another 70 points on that index today. The dow was 97 at its peak today, light volume. As we always say, can you make money light or heavy volume, or lose money at the same time. It still reveals a bias. The bias appears to buy the index. The s p 500 adding almost ten points at this hour. The nasdaq strongest performer of the day. Take a look at some components of facebook in particular as its added to the s p 500. Up better than 5 . That index again, sitting about 1827. Lets talk to our Closing Bell Exchange gang joe tanney dic ....
Bell. The market down today. Washington is not even close to reaching a deal to avoid the fiscal cliff. We had a triple digit decline today. Here is how were finishing the day on wall street. At the lows, dow was down 189 points. By the close, we came a fair amount of the way back from that sharp decline in the morning hours. Volume very heavy today. Thats how he saw a lot of shifting in the volume for the day. 1. 2 billion shares here. Nasdaq gave up that 29 points at the close and the s p 500 down 13. 25 points. Five trading days left until the fiscal cliff deadline. Seven days until congress is back in washington. Raymond james says hes expecting the santa claus rally. Jeff is with me now also dean from barclays, Peter Anderson and our own rick santelli. Jeff, how can this market rally when theres still so much uncertainty out there . I am surprised the market held up as well as it did today, maria. It had every reason to be do ....
Corridor that Australian Authorities have been searching. One is 24 meters or about 75 feet in size. The other is around about five meters in length or around about 15 feet in size. Now, the Officials Say that the objects are indistinct, but they say that they are credible sightings and they have been what they call awash in the indian ocean. This is located in a very remote place of australia where about 2,500 kilometers or about 1500 miles off of the coast of australia. Its very hard for aircraft to get to that particular part of the ocean. Four hours flying time and Officials Say that the aircraft has about two hours worth of fuel out there before they had to turn around and head back to the mainland before they can recommence their searching. Authorities also saying that a cloud and rain is making visibility to ....