You're watching...

Midday Market Report: 1/19

Details

This transcript is automatically generated

It may be cold outside but it's heating up on Wall Street the broader market is up 4% this year.

Investors are -- a recent round of positive economic reports claims for first time jobless benefits fell.

By a whopping 50000 last week to 352000.

Claims.

But the Labor Department warned that volatility is common this time of year with the latest holiday Martin Luther King.

Distorting some of the numbers.

Consumer prices were flat last month and builders broke ground on -- or homes.

The annual pace is about half the rate we see and a healthier economy.

-- earnings continue to pour -- Bank of America swinging to a two million dollar profit during the final three months of 2011.

It sold its stake in a Chinese bank -- today also set aside less money.

For possible losses on bad loans.

Rival Morgan Stanley swung to a loss of 275.

Million dollars in the fourth quarter but that was better than Wall Street expects.

-- -- back has run out of found in the photography icon has officially filed for Chapter Eleven bankruptcy -- nearly a billion dollars in financing.

To get it through its reorganization.

The final straw Kodak was just unable to Stella treasure -- -- digital patents.

Generate much needed cash that's.

For more on earnings from financial America -- content foxbusiness.com.

In New York online Cincinnati.