Pres. Obama reportedly won't be making a new budget offer to Republicans today, and will instead reiterate last week's proposal. Stocks have tanked on the news. S&P -1%. Dow -1.1%. NASDAQ -0.7%. [View news story]
He should play hardball. Dems got the pop vote and polls show the majority of even Republicans support increased taxes on the wealthy. The Dim witted T'baggers are cutting their own throats. Which is fine with me. I can't wait until they are footnote in the history books. They have done more damage to this country than any terrorist group. Good riddance!
The House will reconvene on Sunday in an attempt to strike a last-minute fiscal cliff deal, Congressmen have been told. Equities are bouncing on the news. S&P -0.8%. Dow -0.5%. NASDAQ -0.6%. Pres. Obama may have a new proposal for Republicans to weigh. [View news story]
I"m not disappointed, I hope the hard headed idiots tuck their collective tails and run themselves completely out of this country.. T'baggers have done more to damage this countries credibility than any person or group I can think of. Next we need to vote them all out of office so we can return to a Government of the majority. The majority of the popular vote said no to Romney and the T'baggers. I do truly hope this is their swan song so I can get my Republican party back from these crack pots! Reagan is probably rolling over in his grave because of what the T'baggers have done to his party. Looking forward to the day the Republican party and America is T'bagger free!
“All eyes are on the Senate in the next 48 hours,” says Guggenheim’s senior policy analyst Chris Krueger. President Obama and Senate Majority Leader Harry Reid are putting together a scaled-down deal to blunt the fiscal drag scheduled after December 31, and it's going to take 60 votes - including at least seven Republicans - to clear a filibuster. Republican House Speaker Boehner says the House will consider whatever legislation the Senate passes. [View news story]
Terry is right....the ultra conservative faction is on their way out ..... and thank f'n god. I can't wait for the return to Reagan Republicanism. Reagan was a master at compromise.....and if you don't think so go back and read about him. Almost 2/3s of current Republicans think the REINSTATEMENT of the tax rates (preBush) for the wealthy are ok. You guys are outside the mainstream Republican thought. And why should the wealthy pay more. It's like the price of tickets for the Opera, a Concert or a Sporting event, the better the seats the more they cost. The Bush tax cuts were never intended to permanent anyway. And quite truthfully, it wouldn't bother me in the least if all the tax cuts were phased out! I want to rip my Republican party back out of the hands you right wing radical ultra conservatives.
Market preview: D.C. lawmakers may be home for the holidays, but investors aren't taking a vacation from worries over the impending fiscal cliff, as stock index futures point to a lower start for today's shortened trading session. S&P futures -0.3%. European markets are edging mostly lower, while most Asian markets gained ground. No economic data scheduled for release. [View news story]
I thought there would be a much larger drop Friday after the Republican Plan B fiasco. Now, I'm wondering just how big a drop there would be if nothing happens miss the cliff!
Lawmakers in the U.S. see a quick-patch solution as the best hope of averting the automatic tax increases and spending cuts set to hit on January 1. Over the weekend the blame game was in full cycle while key Senators hit the talk TV circuit. The last word from President Obama is that he would immediately sign a bill into law extending tax cuts for those making $250K or less. [View news story]
The economy was doing just fine until Georgie Porgie (whom I voted for once only) got a hold of things and it has been down hill ever since.
Lawmakers in the U.S. see a quick-patch solution as the best hope of averting the automatic tax increases and spending cuts set to hit on January 1. Over the weekend the blame game was in full cycle while key Senators hit the talk TV circuit. The last word from President Obama is that he would immediately sign a bill into law extending tax cuts for those making $250K or less. [View news story]
it isn't new taxes it's the reinstatement of old taxes.....the tax cuts were never permanent they were temporary. The wealthy don't create jobs with the money anyway. They stick it in hedge funds
Ned Davis Research’s Neil Leeson calls coal his "sleeper pick" for a strong 2013, based on hopes for a demand pickup in emerging markets; China in particular has strategists convinced of stronger growth next year. If it all comes together, coal is a banged-up sector that would benefit, Leeson says, bringing the battered Market Vectors Coal ETF (KOL) with it. [View news story]
I got into coal a little early. But I'm holding on to my long positions. Even JRCC with all it's troubles could have significant upside. I thought the coal stocks weathered today's storm quite nicely. In fact I was surprised at today period. I expected a massive sell off.
At the open: Dow -1.45% to 13119. S&P -1.46% to 1423. Nasdaq -1.78% to 2996. Treasurys: 30-year +0.68%. 10-yr +0.31%. 5-yr +0.15%. Commodities: Crude -1.95% to $88.37. Gold +0.39% to $1652.35. Currencies: Euro -0.42% vs. dollar. Yen -0.45%. Pound +0.42%. [View news story]
what Dow you guys watching......My chart has the low at 13164.
House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
The Tea Party needs to be dumped in the Boston Harbor. I'm a life long Republican, or maybe that was "was". I can't wait untile the idiot T'baggers are voted out. They are the worse thing that has happened to this country in a long time!
House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
chopchop.....he made and unpopular offer to cut entitlements and raised his lower limit on income tax from 250k to 400k. Looks like compromised to me.
Time Warner's (TWX) The Hobbit: An Unexpected Journeytook down $84.8M in North America over the weekend, beating any of the opening weekends for the Lord of the Rings films but falling short of many forecasts. IMAX showings contributed $10.1M to the weekend haul. [View news story]
A casual observation; it might have done better on a different weekend.
Apple (AAPL) -1.6% premarket, adding to a 6.4% Wednesday drop that seems to be related to higher margin requirements, though a Digitimes column and even IDC's tablet share forecast have been named as possible reasons. TA believers note shares are nearing a "death cross" - the point where the 50-day moving average drops below the 200-day average. A Birinyi analyst observes Apple has historically struggled in the month following a cross, but outperformed in the following 3 months. Shares are back to trading around 8.4x FY13E EPS exc. cash. [View news story]
The current daily chart looks like a classic double bottom. But, time will tell.
A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer." [View news story]
If the Bush tax cuts are such a great thing for this country, why did we have the "Great Recession" these great tax cuts should have saved us, right? Secondly, again if they are so great why haven't they brought us out the "Great Recession" because truthfully not much has changed in the spending revenue mix. If the 1percenters create jobs with all this tax money they are not paying, why haven't jobs been increasing. After all these tax cuts still in effect!
A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer." [View news story]
Just like the story I read to day, I believe the Republicans will crawl back into their holes and vote present and let the tax increases go through. The Republicans don;'t have any balls. My favorite Pres and I voted for him twice and would vote for him again Ronni Reagan, would at least have the balls to come to the table and negotiate in good faith and not pull any of this drama queen shit. I sure hope we get some Reagan types running in the Republican party 2014 and 2016 so I can go back to voting Republican.
A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer." [View news story]
Pres. Obama reportedly won't be making a new budget offer to Republicans today, and will instead reiterate last week's proposal. Stocks have tanked on the news. S&P -1%. Dow -1.1%. NASDAQ -0.7%. [View news story]
The House will reconvene on Sunday in an attempt to strike a last-minute fiscal cliff deal, Congressmen have been told. Equities are bouncing on the news. S&P -0.8%. Dow -0.5%. NASDAQ -0.6%. Pres. Obama may have a new proposal for Republicans to weigh. [View news story]
“All eyes are on the Senate in the next 48 hours,” says Guggenheim’s senior policy analyst Chris Krueger. President Obama and Senate Majority Leader Harry Reid are putting together a scaled-down deal to blunt the fiscal drag scheduled after December 31, and it's going to take 60 votes - including at least seven Republicans - to clear a filibuster. Republican House Speaker Boehner says the House will consider whatever legislation the Senate passes. [View news story]
Market preview: D.C. lawmakers may be home for the holidays, but investors aren't taking a vacation from worries over the impending fiscal cliff, as stock index futures point to a lower start for today's shortened trading session. S&P futures -0.3%. European markets are edging mostly lower, while most Asian markets gained ground. No economic data scheduled for release. [View news story]
Lawmakers in the U.S. see a quick-patch solution as the best hope of averting the automatic tax increases and spending cuts set to hit on January 1. Over the weekend the blame game was in full cycle while key Senators hit the talk TV circuit. The last word from President Obama is that he would immediately sign a bill into law extending tax cuts for those making $250K or less. [View news story]
Lawmakers in the U.S. see a quick-patch solution as the best hope of averting the automatic tax increases and spending cuts set to hit on January 1. Over the weekend the blame game was in full cycle while key Senators hit the talk TV circuit. The last word from President Obama is that he would immediately sign a bill into law extending tax cuts for those making $250K or less. [View news story]
Ned Davis Research’s Neil Leeson calls coal his "sleeper pick" for a strong 2013, based on hopes for a demand pickup in emerging markets; China in particular has strategists convinced of stronger growth next year. If it all comes together, coal is a banged-up sector that would benefit, Leeson says, bringing the battered Market Vectors Coal ETF (KOL) with it. [View news story]
At the open: Dow -1.45% to 13119. S&P -1.46% to 1423. Nasdaq -1.78% to 2996.
Treasurys: 30-year +0.68%. 10-yr +0.31%. 5-yr +0.15%.
Commodities: Crude -1.95% to $88.37. Gold +0.39% to $1652.35.
Currencies: Euro -0.42% vs. dollar. Yen -0.45%. Pound +0.42%. [View news story]
House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&P 500 e-Mini futures dive, limit down. [View news story]
Time Warner's (TWX) The Hobbit: An Unexpected Journey took down $84.8M in North America over the weekend, beating any of the opening weekends for the Lord of the Rings films but falling short of many forecasts. IMAX showings contributed $10.1M to the weekend haul. [View news story]
Apple (AAPL) -1.6% premarket, adding to a 6.4% Wednesday drop that seems to be related to higher margin requirements, though a Digitimes column and even IDC's tablet share forecast have been named as possible reasons. TA believers note shares are nearing a "death cross" - the point where the 50-day moving average drops below the 200-day average. A Birinyi analyst observes Apple has historically struggled in the month following a cross, but outperformed in the following 3 months. Shares are back to trading around 8.4x FY13E EPS exc. cash. [View news story]
A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer." [View news story]
A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer." [View news story]
A GOP counter offer to the White House includes $800B in new tax revenues (but without higher rates), and $1.4T in spending cuts. House Speaker Boehner calls the White House's original proposal a "la-la land offer." [View news story]