FBC Countdown To The Closing Bell December 5, 2012
For pretty much all of the session for the blue chips. Money flowing into financials. Citigroup is jumping. Of nearly 6 . The story there, job cuts. 11,000 of them. Leading to a billion dollars in savings. Additional layoffs somewhere else down the line. Investors are getting this move a thumbs up. We know it is tough for employees. The stock is up more than 7 today. Bank of america, as you see, moving higher. The biggest gainer on the dow. Jpmorgan solidly in the green. A totally different story at the nasdaq. Down on the session. Apple getting a 5 haircut at the moment. Just under 5 . Perhap...