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Is reacting to comments from fed chairman ben bernanke that economic stimulus will continue for now. Homebuilding stocks were among the sectors helping the market pound out gains. Gold bumped 37. Oil slid 1. 90. Meanwhile, at the treasury, a 117 billion dollar Budget Surplus as the government took in more than it paid. Mortrgage rates are on the rise. The 30year fixed jumped to 4. 51 , the highest in 2 years. 15year loans rose to 3. 53 . J. P. Morgan and wells fargo both report earnings today. Joining us now, scott bauer of trading advantage. On the Trading Floor, what is the trader talk today...

Probe while julius baer beats forecasts. And no turning back. Japanese Prime Minister shinzo abe promises to forge ahead with Economic Reforms after a bid for his Ruling Coalition. Youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to the show, everyone. Ross is still feeling under the weather, so you get me today. Lets take a look at the markets. The s p 500 hitting a new record at the end of last week. So whats next for u. S. Markets . Well hear from one analyst who says we could retest 1,600. Find out why at 1100 cet. And forget asuring a countr hea...

Report. If you are showing your money and your boys. Bigtime price hikes on your Car Insurance. Filing just a single claim can cause your premiums to skyrocket and we are talking the in the double digits. We have the answers here and lauren is with us. Welcome. It is great to have you here on the site. Thank you. Gerri i was blown away with these numbers. In some cases as high as 67 . Absolutely. There our valuables that can bump that up. Lets talk about why its so high in the first place. I was kind of shocked by that. You have to look at the cost ratio and how many people are in that area an...

Wave hits . All that and more on nightly Business Report for friday, july 19th. Good evening everyone. Im sue herrera. Susie gharib is off tonight. The day after the largest municipality in the bankruptcy history and today, the reality how bad things are in detroit and how bad they can get. How much will bondholders recover and what about the pensions of current policemen, firemen and other city workers . The unknowns with the growing number of lawsuits being filed, they will likely take years to shake out. Brian sullivan is on the ground in detroit where city and state officials are hoping th...

This comes as nsa leaker Edward Snowden says he is willing to assist brazil in its investigations of u. S. Spying in exchange for asylum, in an open letter to a brazilian newspaper, he wrote, i have expressed my willingness to assist wherever appropriate and lawful but unfortunately, the United States government has worked very hard to limit my ability to was no doubt one of the top topics of discussion today for the pl can vallee in the west wing today, in the roosevelt room, meeting with the president that was at the top of their agenda. We saw them briefly, they afforded a photo of p then t...