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alison kosik reporting live this morning. thank you. >>> still to come in the newsroom, he wanted to instill fear into the minds of tsa employees by gunning them down at the los angeles airport. so why isn't he being called a terrorist? the debate next. 1ñp my customers can shop around-- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. her busy saturday begins with back pain, when... hey pam, you should take advil. why? you can take four advil for all day relief. so i should give up my two aleve for more pills with advil? you're joking right? for my back pain, i want my aleve. because what you don't know, can hurt you.urance. what if you didn't know that postin
alison kosik reporting live this morning. thank you. >>> still to come in the newsroom, he wanted to instill fear into the minds of tsa employees by gunning them down at the los angeles airport. so why isn't he being called a terrorist? the debate next. 1ñp my customers can shop around-- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for...
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Nov 20, 2013
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alison kosik is at the new york stock exchange. i stopped counting all of those records, not a real surprise investors will be pausing here a little bit. >> you know everybody needs a breather every now and then. it's interesting how the dow 16,000 happened. monday and tuesday it hits the wonderful round number, a lot of excitement, everybody cheers and then crickets, quiet. but you no he what? the ebb and flow is normal, kind of healthy for the market. you don't want the market to get too hot too fast. unemployment is still so high but stocks have already had an amazing year. the dow, the nasdaq, the s&p 500, all up 20% to 30% just this year. there is one big jump we are watching today, though, shares of jcpenney, the struggling retailer, a head scratcher especially when you see the headlines coming out of its earnings report this morning. the retailer losing almost $500 million in the quarter, sales fell and sales are down now for almost two years in a row, the stock itself down more than 50% this year. ahh but you're seeing inve
alison kosik is at the new york stock exchange. i stopped counting all of those records, not a real surprise investors will be pausing here a little bit. >> you know everybody needs a breather every now and then. it's interesting how the dow 16,000 happened. monday and tuesday it hits the wonderful round number, a lot of excitement, everybody cheers and then crickets, quiet. but you no he what? the ebb and flow is normal, kind of healthy for the market. you don't want the market to get...
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i'm alison kosik. >> i'm victor blackwell. we've got it all covered on 7:00 on the east coast this is "new day saturday." >> operations at los angeles international airport are slowly returning. but one terminal remains closed. >> terminal 3 where one tsa officer is dead. the suspect identified as 23-year-old paul ciancia. we learned about texts sent to his family that concerned them so much they contacted police. >> witnesses are sharing their stories as well. there's a video given to them from tmz gives an idea of how chaotic the shooting was. >> everyone on the floor! on the floor now! on the floor! get out! >> get down. terror, terror, terror. >> on the floor! >> go! >> hold on, you guys. >> go, go! [ bleep ] this is crazy, dog. >> now, of course cnn is bringing you coverage of this story like no one else can. we've got crews on ground from los angeles. to new details about the accused gunman from his hometown. we're going to start this morning with the very latest developments from l.a.x. and dan simon. dan, good morning.
i'm alison kosik. >> i'm victor blackwell. we've got it all covered on 7:00 on the east coast this is "new day saturday." >> operations at los angeles international airport are slowly returning. but one terminal remains closed. >> terminal 3 where one tsa officer is dead. the suspect identified as 23-year-old paul ciancia. we learned about texts sent to his family that concerned them so much they contacted police. >> witnesses are sharing their stories as well....
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Nov 8, 2013
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alison kosik has more on the highly anticipated ipo. >> reporter: energy was high. the floor was packed. the blue logo was everywhere on the platform outside the building. interestingly, twitter did not ring the opening bell, like most ceos and executives do when their company goes public. twitter gave that honor to some of its notable users. actor patrick stewart, a 9-year-old girl who raised money to end slavery and a representative from the boston police. ticker symbol twtr moved, and a big cheer filled the room. it opened at $45 a share. that's the price that everyday investors were able to get in at. but the ipo priced at $26 last night. the banks underwriting the deal, hedge funds and mutual funds got that sweet deal. clearly demand and confidence were high. also amped up, the nyse, the twitter ipo was a big get for the exchange. it had to duke it out with the nasdaq for these listings, fighting like two boxers. and despite fears of technical glitches, especially after the nasdaq botched the facebook ipo, things went off without a hitch. i talked to the nyse c
alison kosik has more on the highly anticipated ipo. >> reporter: energy was high. the floor was packed. the blue logo was everywhere on the platform outside the building. interestingly, twitter did not ring the opening bell, like most ceos and executives do when their company goes public. twitter gave that honor to some of its notable users. actor patrick stewart, a 9-year-old girl who raised money to end slavery and a representative from the boston police. ticker symbol twtr moved, and...
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Nov 30, 2013
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i'm alison kosik. >> and i'm george howell. thanks for waking up with us this morning. 6:00 on the east. we have a lot to cover this morning. >> there is a lot going on. >> let's start with the developing story, a helicopter that crashed through the roof of a backed bar. people are trapped inside. search and rescue teams are desperately working to pull them out. the chopper crashed into a building just as people were inside watching a band perform. cnn's rich art quest joins us by phone from glass cow, scotland. richard, we heard several unconfirmed reports of the fa fatalities. >> reporter: good morning. it's been the police commander says he's concerned that at least one fatality, but he has also warned that that number is likely to get higher. we know that more than 30 people have been taken to hospital. and although they're still saying it is a rescue operation, it's believed there are also other bodies still inside the pub. many were regulars from last night. -- into the morning, search and rescue efforts continued after a
i'm alison kosik. >> and i'm george howell. thanks for waking up with us this morning. 6:00 on the east. we have a lot to cover this morning. >> there is a lot going on. >> let's start with the developing story, a helicopter that crashed through the roof of a backed bar. people are trapped inside. search and rescue teams are desperately working to pull them out. the chopper crashed into a building just as people were inside watching a band perform. cnn's rich art quest joins...
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alison kosik is there. take it away, alison. >> trading at $46 right now. we knew that there was a price. we heard the roar on the floor, the roar of a huge cheer. this stock trading 76% higher than that initial ipo price of $26. that $26 price, that was the one that the heavy hitters got last night. those were the shares released to the banks underwriting to ipo, goldman sachs. big institutional investors, mutual funds, hedge funds. but the price that you're seeing now, this $46 a share price for twitter going for the average retail investor, i've been seeing some traders talking to me, telling me it's a little bit high for them. they may stand back and see where it goes. this is certainly much higher than what was expected, especially when you look at where facebook started trading back in may. a lot of comparisons being made from twitter, between twitter and between how facebook went public. clearly, from what we can tell, no glitches, no problems here at the new york stock exchange in getting this ipo off the ground. something very different than what w
alison kosik is there. take it away, alison. >> trading at $46 right now. we knew that there was a price. we heard the roar on the floor, the roar of a huge cheer. this stock trading 76% higher than that initial ipo price of $26. that $26 price, that was the one that the heavy hitters got last night. those were the shares released to the banks underwriting to ipo, goldman sachs. big institutional investors, mutual funds, hedge funds. but the price that you're seeing now, this $46 a share...
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Nov 29, 2013
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alison kosik, thanks so much. a friend of a friend spent 11 hours, bragged about this on facebook, 11 hours shopping yesterday. and showed off the suv full of stuff. i couldn't think of anything worse. >> all right. well, look, some people have fun doing it. >> i go es. >> now to something completely different. heavy security at a courthouse in london today. take a look. >> trial starting for two men an us cooed of you'll remember this horrific incident slamming their car into a british soldier, then hacking him to death. they pleaded not guilty to murder, conspiracy to murder a police officer and other charges. >> it was a horrible horrible story that many of you may remember. that gruesome attack on 25-year-old legal rigby, a soldier. this happening broad daylight. london street. witnesses videotaped the defendants allegedly holding the knifes and meat cleaver that they used to stab and hack him. he was almost decapitated. absolutely horrific situation and that trial now under way. not guilty pleas are in. >> a
alison kosik, thanks so much. a friend of a friend spent 11 hours, bragged about this on facebook, 11 hours shopping yesterday. and showed off the suv full of stuff. i couldn't think of anything worse. >> all right. well, look, some people have fun doing it. >> i go es. >> now to something completely different. heavy security at a courthouse in london today. take a look. >> trial starting for two men an us cooed of you'll remember this horrific incident slamming their...
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"money time" with alison kosik is coming up next. ready to run your lines? okay, who helps you focus on your recovery? yo, yo, yo. aflac. wow. [ under his breath ] that was horrible. pays you cash when you're sick or hurt? [ japanese accent ] aflac. love it. [ under his breath ] hate it. helps you focus on getting back to normal? [ as a southern belle ] aflac. [ as a cowboy ] aflac. [ sassily ] aflac. uh huh. [ under his breath ] i am so fired. you're on in 5, duck. [ male announcer ] when you're sick or hurt, aflac pays you cash. find out more at aflac.com. >>> welcome back to "early start." it's "money time." alison kosik is here with all of the latest. good morning to you. >> good morning. we are talking stocks. it's a half day of trading today. trading is going to be wrapping up at 1:00 p.m. today. this is the last trading day of november. stock futures are sharm higher following a rally on wednesday. the markets were closed in the u.s. yesterday for thanksgiving. talk about this morning. all of the major averages are starting at record highs. a record 1
"money time" with alison kosik is coming up next. ready to run your lines? okay, who helps you focus on your recovery? yo, yo, yo. aflac. wow. [ under his breath ] that was horrible. pays you cash when you're sick or hurt? [ japanese accent ] aflac. love it. [ under his breath ] hate it. helps you focus on getting back to normal? [ as a southern belle ] aflac. [ as a cowboy ] aflac. [ sassily ] aflac. uh huh. [ under his breath ] i am so fired. you're on in 5, duck. [ male announcer ]...
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we've got alison kosik at the new york stock exchange and cnn's money tech correspondent laurie segall to answer all of the questions. allison, want to start off with you, we saw the trading started at something higher, like $45 a share. now it's three times higher than expected. what happened? >> exactly. what happened was the demand for this stock, it went up, it went up more than had been expected. you saw estimates go higher. you know what's interesting? i asked one trader what he thought about the $45 initial price for the stock. he said it's insane. he wouldn't even recommend this stock to his grandmother. this one idea. you think about what the stock went for last night in the initial offer. it was $26. this is the price that went to those very exclusive investors to the banks underwriting it like goldman sacks and jpmorganer they sold it to institutional clients, hedge funds, pension funds they got in on the $26 price. everybody else getting in on the $45 price. you see it there. shares are up more than 76% at this point. this happened to be, by the way a huge feather in the ca
we've got alison kosik at the new york stock exchange and cnn's money tech correspondent laurie segall to answer all of the questions. allison, want to start off with you, we saw the trading started at something higher, like $45 a share. now it's three times higher than expected. what happened? >> exactly. what happened was the demand for this stock, it went up, it went up more than had been expected. you saw estimates go higher. you know what's interesting? i asked one trader what he...
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alison kosik from the new york stock exchange. thanks so much. >>> just three days ago until thanksgiving and a blast of snow, ice, sleet moving toward the east coast and threatening to discorrupt travel plans for millions. freezing rain hitting parts of texas and arkansas. and tomorrow, snow will begin to fall in kentucky, pennsylvania, and ohio. and we'll have your detailed forecast every 15 minutes. at the bottom of your screen, we've got temperatures and flight delays. >>> we're awaiting, quote, new developments in the special grand jury investigation into the steubenville rape case. it's the 2012 rape of a 16-year-old girl that made headlines. in march, two men were convicted much that rape. >>> and seven cars of an amtrak passenger plane derailed 6789 all the cars stayed upright and no reports of serious injuries. that train was headed from new orleans to new york. buses are taking passengers to their destinations now. >>> and nischelle knight one of the three women held captive for more than a decade has signed a book deal.
alison kosik from the new york stock exchange. thanks so much. >>> just three days ago until thanksgiving and a blast of snow, ice, sleet moving toward the east coast and threatening to discorrupt travel plans for millions. freezing rain hitting parts of texas and arkansas. and tomorrow, snow will begin to fall in kentucky, pennsylvania, and ohio. and we'll have your detailed forecast every 15 minutes. at the bottom of your screen, we've got temperatures and flight delays. >>>...
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alison kosik joining us from the new york stock exchange. how are the markets react to this. >> what's funny is specially, wall street didn't like this report because strangely enough, because it saw it is an a strong number that employers added 204,000 jobs, better than the 194,000 that we've been averaging the past 12 months. what initially happened we saw stocks drop immediately after the report came out because the thinking is it will give reason for the fed to reduce its financial stimulus sooner rather than later. so that would be bad news at least some believe because it means less support for the economy. but then after a little more thought, wall street seemed to warm up to the report. we see the dow up 87 points because the thinking is hey, maybe the economy can stand on its own two feet and handle the fed's safety net going away. you see housing and manufacturing numbers getting better. gdp growth isn't great but picking up. wall street is seeing sort of the glass half full. >> wall street kind of fickle today i guess. let's turn
alison kosik joining us from the new york stock exchange. how are the markets react to this. >> what's funny is specially, wall street didn't like this report because strangely enough, because it saw it is an a strong number that employers added 204,000 jobs, better than the 194,000 that we've been averaging the past 12 months. what initially happened we saw stocks drop immediately after the report came out because the thinking is it will give reason for the fed to reduce its financial...
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alison kosik is in new york to tell us about it. good morning. >> yes, yesterday the markets took a break and the bulls are running again, the dow is up about 30 points. the dow started at a record 16,097, the nasdaq was sitting at a 13-year high at 4044 and the s&p 500 that started at a record 1807, and if you look at history, if that's any indication, this rally say many could continue through the end of the year, and you look historically, this period happening between thanksgiving and new year's has shown an average 1.8% gain but whatever the case at this point, investors, huh, they've had quite a year so far, since the beginning of the year look at the dow, up 23%. the nasdaq up 34%. the s&p 500 up 27%. wow. that is some bull run that it's been. trading wraps up at 1:00 p.m. today. >> alison kosik reporting live from new york, thanks so much. >>> still to come in "the newsroom" she wrote a bad review about a company's bad service now the company is charging her $3,500. is that even possible? well, it happened. but this woman's
alison kosik is in new york to tell us about it. good morning. >> yes, yesterday the markets took a break and the bulls are running again, the dow is up about 30 points. the dow started at a record 16,097, the nasdaq was sitting at a 13-year high at 4044 and the s&p 500 that started at a record 1807, and if you look at history, if that's any indication, this rally say many could continue through the end of the year, and you look historically, this period happening between thanksgiving...
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let's quickly go to alison kosik on the new york stock exchange. the markets just closed. what's the big news? >> a big milestone for the dow. the dow not just hitting 16,000 for the first time ever, but crossing over it, closing at 16,010. many are pinning this on more signs of an improving labor market. we got a jobless claims report today showing that the number of people filing for unemployment claims fell by 21,000 last week to 323,000. also factor in earnings. it's still earnings season and earnings continue to be generally upbeat. two-thirds of s&p 500 companies have beat estimates in the third quarter so far and also, there have been a few days of losses in the market so this is also a natural drift higher. you have seen this recent rally, it's really been running. the bulls have been running. in fact, today is the dow's 40th record high this year, 40th. it's up more than 20% this year. it's really an amazing return. you see just how the dow has been rising all year. it hit 14,000, it hit 15,000 and now 16,000, jake, all in one year. >> alison kosik, thank you so m
let's quickly go to alison kosik on the new york stock exchange. the markets just closed. what's the big news? >> a big milestone for the dow. the dow not just hitting 16,000 for the first time ever, but crossing over it, closing at 16,010. many are pinning this on more signs of an improving labor market. we got a jobless claims report today showing that the number of people filing for unemployment claims fell by 21,000 last week to 323,000. also factor in earnings. it's still earnings...
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>> alison kosik, hash tag thanks. compared to some of the older other companies trading with similar pricing like macy's and best buy, twitter is a baby. excuse me, a hatchling. the company's seven years old, founded in 2006. since then, there has been enough behind the scenes back stabbing at the company, particularly with the founders, to fill an entire season of "days of our lives." it's here in our latest lead read, hatching twitter. a true story of money, power, friendship and betrayal. the author, nick belton, joins me now from new york city. nick, nice timing, my friend. nice timing on the publishing of this book. >> hash tag hi, jake. >> let's start with twitter's ipo. you said you think the company is actually undervalued. why do you think that? >> i said that when they were going public today at 26. i think at 44, 45, whatever it closed at, that's a pretty big number. i don't know where it's going to go from there. but it was amazing. i think what's really fascinating to me is some of these founders i wrote
>> alison kosik, hash tag thanks. compared to some of the older other companies trading with similar pricing like macy's and best buy, twitter is a baby. excuse me, a hatchling. the company's seven years old, founded in 2006. since then, there has been enough behind the scenes back stabbing at the company, particularly with the founders, to fill an entire season of "days of our lives." it's here in our latest lead read, hatching twitter. a true story of money, power, friendship...
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alison kosik is at the new york stock exchange to help them out. good morning. >> reporter: good morning, carol. vets can eat like a king or a queen all day today and in most cases all they need to show is a military i.d. denny's is giving free all-you-can-eat pan cakes today and tomorrow. vets can get any pizza and non-alcoholic drink at california pizza kitchen for free, golden corral has deals as well as offering a free buffet, dinner and drink, krispy kreme, red robin, starbucks offering deals as well and least we forget, hooters, if veterans buy a drink there they can get a $10.99 dinner for free but seriously it is hard to thank our country service members enough but restaurants offering these small tokens to them. >> that's nice, alison kosik reporting live for us, you'll be back. we look forward to it. >>> still to come it's being called a telling non-answer interview, the richie incognito one on one everyone is talking about and andy scholes is here with that story. >> incognito gave his side of the story and after hearing it, is he still
alison kosik is at the new york stock exchange to help them out. good morning. >> reporter: good morning, carol. vets can eat like a king or a queen all day today and in most cases all they need to show is a military i.d. denny's is giving free all-you-can-eat pan cakes today and tomorrow. vets can get any pizza and non-alcoholic drink at california pizza kitchen for free, golden corral has deals as well as offering a free buffet, dinner and drink, krispy kreme, red robin, starbucks...
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alison kosik looks at why. >> it's been a great year for stocks. but americans aren't necessarily feeling the wealth. the market is reaching new highs in 2013. the dow is up 23%-- and the nasdaq and s&p 500 are doing even better. between what's happening on wall street and what people are feeling on main street. a new cnn/orc poll finds that 59% of americans think things are going badly in this country. that number has been on the rise since april. and only 41% believe things are going well. if you focus in on the economy-- 39% believe the economy is still in a downturn. and only 24% believe a recovery is underway. so where's the disconnect? >> picture. there are still 11 million people unemployed. people are worried about their getting and keeping a job-- and they're worried about their wages. especially since the jobs growth is mostly in low wage positions. and that's making people feel pessimistic. >> i'm alison kosik in new you can see on the skyway, otherwise we have clear skies and that will continue over the weekend. you can see we have very
alison kosik looks at why. >> it's been a great year for stocks. but americans aren't necessarily feeling the wealth. the market is reaching new highs in 2013. the dow is up 23%-- and the nasdaq and s&p 500 are doing even better. between what's happening on wall street and what people are feeling on main street. a new cnn/orc poll finds that 59% of americans think things are going badly in this country. that number has been on the rise since april. and only 41% believe things are...
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alison kosik, cnn, new york. >> thanks, alison. >>> the nfl is trying to determine if the coach of the pittsburgh steelers crossed the line by getting a little too close to the action. jared greenberg is with us with the "bleacher report" this morning. what's going on there? >> reporter: well, a ballerina or a gymnast, not likely in the future of mike tomlin. you know, with a few less dollars in his bank account, that's probably more realistic future of mike tomlin these days. nfl reportedly looking into tomlin coming so close to interfering with ravens ' jacobi jones. now in the seventh year, and we say that because he's not a rookie on the sidelines. mike tomlin said he got caught up watching the jumbotron. he wasn't flagged on the field for a penalty. however, the league could levy a fine or even a suspension. we'll keep our eye on that. the biggest college football game of the year is now less than four hours away. the iron bowl doesn't need the pomp and circumstance to draw the attention of locals and fans. however, for the first time in this tradition-rich rivalry, alabama and au
alison kosik, cnn, new york. >> thanks, alison. >>> the nfl is trying to determine if the coach of the pittsburgh steelers crossed the line by getting a little too close to the action. jared greenberg is with us with the "bleacher report" this morning. what's going on there? >> reporter: well, a ballerina or a gymnast, not likely in the future of mike tomlin. you know, with a few less dollars in his bank account, that's probably more realistic future of mike...
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alison kosik what are you expecting? [ bell ringing ] >> as the bell rings, 16,000 and above, this is the 40th record high of the year, today could be 41 if the dow closes higher. stop a minute, stop to consider how amazing this is. you probably see it in your 401(k) especially with the dow, the nasdaq, the s&p up anywhere between 22% to 31% this year. you look historically a more normal return is about 8% so that's huge, the gap there, and it's broad-based, not just concentrated in a few areas. you look at the dow, only two stocks of the 30 are down this year. only about 50 of the s&p's 500 stocks are down, and investors are loving it. stimulus is flowing, interest rates are low, inflation is low, but we all know there's this disconnect. economic growth is weak. earnings growth is slow and you're seeing some big ceos warning about the economy, and black friday, christine, just a week away, expectations aren't high for consumers getting out there and spending a lot this holiday season so some are saying you know what? th
alison kosik what are you expecting? [ bell ringing ] >> as the bell rings, 16,000 and above, this is the 40th record high of the year, today could be 41 if the dow closes higher. stop a minute, stop to consider how amazing this is. you probably see it in your 401(k) especially with the dow, the nasdaq, the s&p up anywhere between 22% to 31% this year. you look historically a more normal return is about 8% so that's huge, the gap there, and it's broad-based, not just concentrated in a...
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alison kosik following the story from the new york stock exchange. you've had this issue where it's almost like a pause button has been hit on the rally. yesterday concerns about the fed, what are we expecting this morning? [ bell ringing ] >> looks like stocks will open in the plus column after doing a storp u-turn after the fed came you the with its minutes, basically its notes from its latest meeting showing that it may decide on how to change its stimulus the money it's pouring into the financial system, the criteria that it uses may change, so that threw investors for a loop, they wound up selling yesterday but as we see with the opening bell stocks are starting off in the plus column. >> so interesting, there's a report four years after the recession ended we're making headway when it comes to the jobs market. women regained all the jobs they lost during the recession. tell me about that. >> yes, and it was men who are having the trouble because men got clobbered during the recession. they had huge job losses in those male dominated fields, lik
alison kosik following the story from the new york stock exchange. you've had this issue where it's almost like a pause button has been hit on the rally. yesterday concerns about the fed, what are we expecting this morning? [ bell ringing ] >> looks like stocks will open in the plus column after doing a storp u-turn after the fed came you the with its minutes, basically its notes from its latest meeting showing that it may decide on how to change its stimulus the money it's pouring into...
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joining me now cnn's business correspondent alison kosik. why are people so bal humbugging the economy? >> a lot of it ashleigh, has to do with jobs. you look at housing prices. they're doing very well. you're looking at people's portfolios. people's portfolios are doing well. the nasdaq is up 34% this year, the s&p up 27% this year. but you nowhere the disconnect is? jobs. 11 million people are out of work. the kinds of jobs they're getting are low wage paying jobs. it's hard to pay your bills on that kind of salary. and that's where the loss of confidence comes from, ashleigh. >> it's surprising. i hear you. we always wait on those fridays to hear those jobs numbers. they're never as exciting as we hoped they're going to be and yet christine romans and you go on record every day to say we're breaking records left, right gronk happy holidays to you. a virtual kiss. >> back at you. >> the an sweetheart, i'll see you later. thank you, everyone, for watching. it's great to have you with us on this holiday. we have a lot more to tell you throug
joining me now cnn's business correspondent alison kosik. why are people so bal humbugging the economy? >> a lot of it ashleigh, has to do with jobs. you look at housing prices. they're doing very well. you're looking at people's portfolios. people's portfolios are doing well. the nasdaq is up 34% this year, the s&p up 27% this year. but you nowhere the disconnect is? jobs. 11 million people are out of work. the kinds of jobs they're getting are low wage paying jobs. it's hard to pay...
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alison kosik is live for me from the new york stock exchange on the first day of twitter's ipo. looking good so far, i would say. >> looking very good. you thing about what the heavy hitters got in on with this stock. they got in at $26. heavy hitters meaning the mutual funds, the pension funds, the edge funds. that's the price they got. you know what inchd else got? $45. that's what a share went for when the stock opened. it's up more than 70%, almost 80% right now, trading at $46 a share. i talked with one trader. he said this is insane. this is koo koo. this is overvalued, but nonetheless, a lot of demand for this stock. interesting because twitter has yet to even turn a profit. twitter has lost $134 million so far this year, but many people believe that for ipos, it's more about what's to come than where it's been. meaning where the company has been. now, the real work begins, though, brooke, for the company to go ahead and turn a profit and prove to investors that this was money well spent, brooke. >> let's talk perspective. we talked about facebook and how they have evolve
alison kosik is live for me from the new york stock exchange on the first day of twitter's ipo. looking good so far, i would say. >> looking very good. you thing about what the heavy hitters got in on with this stock. they got in at $26. heavy hitters meaning the mutual funds, the pension funds, the edge funds. that's the price they got. you know what inchd else got? $45. that's what a share went for when the stock opened. it's up more than 70%, almost 80% right now, trading at $46 a...
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alison kosik is here. great to have you. i put that question to you. what do we make of it. >> if you're an average investor, stocks like this when they're hyped so much by yours truly, the media, they can be volatile. i'd say this probably isn't for you if you're the average investor. this is an exclusive party. only 20% of the shares that are out there are actually out there for normal investors. the rest as you said were made available to these exclusive investors, these big underwriters last night at $26. one thing to remember is what happened with facebook. facebook was the biggest hyped ipo ever and it quickly became one of the biggest flops. the share came out at $38 a share. three months later, you got it at half the price. today it's recovered, it's at $49. it's been a rocky road. it's a lesson for how we should approach what's happening with twitter. >> which is what? >> which is? >> when we look at it, how much of it is the market, how much is what we see in the actual company beyond the hype. >> something to remember, twitter has yet to tur
alison kosik is here. great to have you. i put that question to you. what do we make of it. >> if you're an average investor, stocks like this when they're hyped so much by yours truly, the media, they can be volatile. i'd say this probably isn't for you if you're the average investor. this is an exclusive party. only 20% of the shares that are out there are actually out there for normal investors. the rest as you said were made available to these exclusive investors, these big...
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alison kosik is at the new york stock stock, change. is this a big enough deal to help the postal service and its financial troubles? >> it's no big surprise that the u.s. postal service is in a pretty deep hole at this point. it lost almost $15 billion in fiscal 2012. it's going to take more than sunday delivery to dig them out, but hey, it's a start. if you live in new york or los angeles, beginning this weekend, whatever you order from amazon could arrive at your doorstep on a sunday with the help of the u.s. postal service. a u.s. p.s. spokesperson said while the amount of mail shipped has declined, package shipments which are more profitable, are increasing. the postal service is looking to form similar agreements with other retailers. it really gives it a chance to get a leg up on ups and fed ex, which do not deliver on sundays. >> is this going to cost customers a lot more? >> so it's not going to cost customers extra. you're not going to be charged extra to get the delivery on sunday, but if you're an amazon prime member, which
alison kosik is at the new york stock stock, change. is this a big enough deal to help the postal service and its financial troubles? >> it's no big surprise that the u.s. postal service is in a pretty deep hole at this point. it lost almost $15 billion in fiscal 2012. it's going to take more than sunday delivery to dig them out, but hey, it's a start. if you live in new york or los angeles, beginning this weekend, whatever you order from amazon could arrive at your doorstep on a sunday...
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i'm alison kosik. >> i'm victor blackwell. >>> let gaes to boston, a live look sell f the celebration. the parade started not so long ago, 10:00 at fenway park. it will cross the finish line as it winds its way through boston. >> of course, we'll have more from the parade route in just a bit. >>> first, let's back to los angeles where a law enforcement official says l.a.x., the shooting suspect, paul ciancia, was carrying materials that appeared to reference the new world order. the new world order is generally considered to be a conspiracy theory, and followers believe a group of elites are conspireing to form an authoritarian, one-world government. before you moved to l.a., he lived in pennsville, new jersey, and that's where we find chris lawrence. chris, have you learned anything about ciancia's possible link to this new world order? >> reporter: we talked to several people who knew the family and asked them if there was any sort of indication that he was ever involved in any sort of radical groups or had those kind of thoughts or had expressed those feelings to anyone. couldn't f
i'm alison kosik. >> i'm victor blackwell. >>> let gaes to boston, a live look sell f the celebration. the parade started not so long ago, 10:00 at fenway park. it will cross the finish line as it winds its way through boston. >> of course, we'll have more from the parade route in just a bit. >>> first, let's back to los angeles where a law enforcement official says l.a.x., the shooting suspect, paul ciancia, was carrying materials that appeared to reference the...
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let's take a look with alison kosik. >> reporter: hi victor and christi. thy past week on wall street brought good news on the economy. the u.s. added 204,000 jobs in october. wall street expected fewer because of washington aeg shutdown and fears about the debt ceiling. october was the third best month this year. unemployment rate rose to 3.7%. analysts say it's a temporary blitz because of the shutdown. still unemployment is high, and we haven't gained back all the jobs lost during the recession. despite the upbeat report, stocks ended mixed for the week. twitter's little bluebird finally landed at the nyc. traders cheered when the ticker symbol twtr moved for the first time. and it eventually closed 70% higher. still, to wit h still, to wwitter has yet to tua profit. >>> fairfax financial is expected to buy blackberry outright and wall street sees fairfax as a white knight for the struggling company. blackberry's future is uncertain. >>> blockbuster video as we know it is dead. the store is closing the last of its 300 stores. blockbuster had 9,000 locat
let's take a look with alison kosik. >> reporter: hi victor and christi. thy past week on wall street brought good news on the economy. the u.s. added 204,000 jobs in october. wall street expected fewer because of washington aeg shutdown and fears about the debt ceiling. october was the third best month this year. unemployment rate rose to 3.7%. analysts say it's a temporary blitz because of the shutdown. still unemployment is high, and we haven't gained back all the jobs lost during the...
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cnn's alison kosik is at the new york stock exchange. you know it's not cheap. >> i feel the pain. i really do. ask any parent, especially the working parents, tell you what, child care is a huge chunk of their budgets, with day care costs getting into the tens of thousands of dollars but get this. as you said, it can cost more than it costs to send your kid to college. this is coming from a new study from child care aware of america. in 21 states, day care actually costs more than median rent. put two kids in day care, it's more expensive than rent in all 50 states. it's crazy. in 31 states, day care costs more than college at public universities. how much? well, it's really going to depend on where you live. look at families in the midwest and south, they pay the least, $15,000 to $17,000 a year for two kids. the northeast and west, they pay $18,000 to $22,000 a year. >> looks like the northeast, i know. that's where you are, it is not cheap. they say listen, i'm not a mom yet, maybe one day, but i don't know. i don't know. i know it's worth it. why is it so darned expensive, tho
cnn's alison kosik is at the new york stock exchange. you know it's not cheap. >> i feel the pain. i really do. ask any parent, especially the working parents, tell you what, child care is a huge chunk of their budgets, with day care costs getting into the tens of thousands of dollars but get this. as you said, it can cost more than it costs to send your kid to college. this is coming from a new study from child care aware of america. in 21 states, day care actually costs more than median...
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alison kosik explains why a new record high on the dow actually has some people concerned. >> reporter: hi, fredricka. a new milestone on wall street. dow, 16,000. [ bell sounds ] the blue chips hit the mark for the first time ever during monday's trade and thursday it finally closed there. but some worry a bubble may be forming, because economic growth is weak and unemployment is high. >>> janet yellin is one step closer to becoming the first female head of the federal reserve. the senate banking committee voted thursday to move her nomination forward. it now goes to a full senate vote. if confirmed, yellin would replace ben bernanke in january. >>> jpmorgan chase has agreed to landmark $13 billion settlement with the justice department. it's the government's biggest settlement with a single company. jpmorgan is accused of selling risky mortgage investments, but marketing them as safe. those investments later failed, and contributed to the 2008 financial crisis. >>> mortgage rates took a big fall. 4.22%, down from 4.35%. things turned around this past week because of concerns about th
alison kosik explains why a new record high on the dow actually has some people concerned. >> reporter: hi, fredricka. a new milestone on wall street. dow, 16,000. [ bell sounds ] the blue chips hit the mark for the first time ever during monday's trade and thursday it finally closed there. but some worry a bubble may be forming, because economic growth is weak and unemployment is high. >>> janet yellin is one step closer to becoming the first female head of the federal reserve....
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alison kosik with me from the new york stock exchange. what will katie couric be doing for yahoo, and she is television and this is internet? how is this going to work? >> exactly, so what katie couric is doing is she's hired to be yahoo's global anchor. this is going to begin next year. quirk couric is going to do features for the yahoo home page. yahoo was kind of light on giving details, but couric did give an interview over the weekend with the "new york times" saying it's a work in progress. it's likely she's going to do major interviews with news makers. also, she's expected to expandya hue's news operations. this means she will probably, probably end her relationship with abc news where she's currently a special correspondent. though yahoo does have an arrangement with abc, so some of that could continue, but her daytime talk show, katie, that is going to continue. it's scheduled to go until may. after that, we're unsure what's going to happen with the talk show. >> what do you think this says about the direction of yahoo itself, t
alison kosik with me from the new york stock exchange. what will katie couric be doing for yahoo, and she is television and this is internet? how is this going to work? >> exactly, so what katie couric is doing is she's hired to be yahoo's global anchor. this is going to begin next year. quirk couric is going to do features for the yahoo home page. yahoo was kind of light on giving details, but couric did give an interview over the weekend with the "new york times" saying it's a...
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alison kosik has a look at "the week on wall street." >> reporter: hi, fredricka, this past week on wall street brought good news. the u.s. economy added 204,000 jobs in october. wall street expected fewer because of washington's shutdown and fears about the debt ceiling. but october was actually the third-best month for job gains this year. the unemployment rate rose to 7.3%, but analysts say it's a temporary blip because of the shutdown. still, unemployment is high and we haven't gained back all of the jobs lost during the recession. >>> despite the upbeat reports, stocks ended mixed for the week. >>> twitter's little bluebird landed at the nyse. the social media company went public. it was the biggest ipo of the year. traders cheered when ticker symbol twtr moved for the first time, and it eventually closed 70% higher. still, twitter has yet to turn a profit. >>> another bad omen for blackberry. it's abandoning plans to put itself up for sale and the ceo is stepping down. fairfax financial was expected to buy blackberry outright, and wall street saw fairfax as a white knight for the s
alison kosik has a look at "the week on wall street." >> reporter: hi, fredricka, this past week on wall street brought good news. the u.s. economy added 204,000 jobs in october. wall street expected fewer because of washington's shutdown and fears about the debt ceiling. but october was actually the third-best month for job gains this year. the unemployment rate rose to 7.3%, but analysts say it's a temporary blip because of the shutdown. still, unemployment is high and we...
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who better to ask about this, alison kosik. >> you are talking about a disconnect that's going on between what we are seeing in the markets and what we are seeing happening in the economy, specially when you look at this poll. really eye-opening. it showed that 59% of people say things are going badly in this country. here is the thing. that number has been steadily increasing since april. also, 41% believe things are going well or fairly well. that's the lowest number since 2012. what you are seeing is kind of these mixed feelings that americans are feeling as we approach the holidays caught somewhere between pessimism and optimism. >> how is it that people are worried about the economy but then you see the stock market going up. you see the housing market getting better. so, what gives? >> because it has been one of these recoveries that we have been in that hasn't been kind of even. it has been a spotty recovery, not one that's operating on all cylinders. we see the markets at record highs, the dow, the s&p the nasdaq not at levels since 13 years ago. a lot of that is being fueled by t
who better to ask about this, alison kosik. >> you are talking about a disconnect that's going on between what we are seeing in the markets and what we are seeing happening in the economy, specially when you look at this poll. really eye-opening. it showed that 59% of people say things are going badly in this country. here is the thing. that number has been steadily increasing since april. also, 41% believe things are going well or fairly well. that's the lowest number since 2012. what...