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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 yesterd...

Biz for months now. With the economy in clear recovery, how will it pull back without causing long term Interest Rates to spike. The president s pick for the new fed head, janet yellen is moving forward. She went before the Senate Banking Committee Last week. The full senate could vote this week on her confirmation. With all this on the mind of traders, the markets were tepid late last week. They open this morning with the dow and nasdaq both up a fraction but down for the week. The s p down a tad and off 1. 5 last week. Oil dropped below 97 dollars a barrel while gold closed higher friday up ...

News conference by outgoing fed chair ben bernanke. Wall street is on edge over whether he will disclose a wind down of bond buying stimulus program. Ahead of the meeting stocks went wild monday. The dow pushed up by 130the nasdaq 29 and s p by 12. Gold edge higher by 5 dollars. And oil by 71 cents. A report says a vote to approve janet yellen as the next fed chair could happen thursday. Today, president obama meets with top tech leaders to talk about the healthcare. Gov website and nsa spying. Also a snow snarl is expected for commuters from the midwest to the east coast. Take care on the roa...

Technical traders. The s p 500 closed last at 17 82. The next important line of support is 1775. If the market ends below that level, the market could continue a rough tumble. What worries the market is the 2 day Federal Reserve meeting getting underway toda and apples earnings outlook was weaker than predicted. Its an extra busy day for the bond market, Glenn Schultz of Performance Trust joins us now and will the bonds be stressing over the fed meeting that gets under way today . And then the president speaks tonight . In terms of the bond market and the quantitative using program of the Fede...

And oil slipped 1. 35. In earnings after hours, Online Video Company netflix topped forecasts, but subscriber numbers were lower that expected. And chipmaker Texas Instruments beat the street on earnings and revenue. And a Southwest Airlines landing mishap that closed down laguardia aiport last night is under investigation. The boeing 737s nose gear reportedly collapsed. Glenn schultz of Performance Trust is studying the bond market for us today. Good morning glenn, and whats likely to move the market this week . Good morning. The bond market is looking at a couple of things. One of the questi...