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This is this Imus in the morning.
On the phone -- Good morning everyone it looks like the price of gasoline drug consumer prices higher last month.
-- -- prices came in up zero point 4% compared to January that's the biggest rise in ten months and was right in line with the estimates.
Gasoline prices accounted for 80% of the increase -- take out the volatile food and energy components.
Inflation was basically contained up to zero point 1%.
That was below the estimate for an increase of zero point 2% meanwhile apple fans -- -- bright and early this morning to get their hands on the new iPad.
You can see the New York store over on Fifth Avenue in Manhattan there the third version of the tablet is debuting in ten countries today including the US Canada Britain and Japan.
Qualcomm Broadcom and Samsung are key parts suppliers for the new iPad which -- new features like a faster process -- a much sharper screen.
And a better camera it also features a 499.
Dollars starting price.
We're thirty minutes away from the opening bell on Wall Street taking a look at features.
They were in the Green for most of the morning we're seeing -- a little higher now Dow futures are up by 37.
It's -- up almost four in the nasdaq's up almost seven.
Let's get a full preview of the trading day now from Robert Gray on the floor of the new York stock.
-- -- -- OK Dan thanks so much of this negative features here again we are pointing towards a higher opening airports -- at the end of the Dow up for a seventh straight day yesterday -- -- for a lot of volume here at the -- again the close of course it is.
What's known as quadruple -- -- we don't have the expiration of futures and options for -- individual stocks and indexes and -- happens four times a year or so.
Look for higher than normal violently to kick things off this morning.
Talk about the value know we've been seeing this slow grind higher here could really get an absence of volatility something a lot of traders are talking about.
Look at the -- it will a lot of volatility vacation if you know looking at the first fifty -- trading days of the year that's where we are right now.
For the vote to Dow Jones index is -- to get force here just four minutes of greater than 1% on the closed only one of those down this year compare that.
Remember 2009 there were 32 of these -- -- sessions.
You had 21 of those were down last year there were 96 of them down -- you're certainly seeing a lot less volatility.
Kind decent moves to slow -- grinding higher -- that's what we've seen this year the S&P 500.
First close above 14100 since June of 2008 yesterday.
That's what we're starting from a -- -- -- right in there at the -- appear gates seeking to nearly five year low.
This week you look at this these moving opposite directions of course the -- -- Tracking how about the output thoughtful quiet there -- -- the S&P 500 folks take out insurance against declines.
You know I've talked to -- policies chief market strategist to converge -- if you told someone at the beginning of the year.
You see a 10% up move in the first quarter and in fixed with a fourteen handle what we did see this -- no one would have believed -- that's what we have seen this week.
At least this -- of marketers that no one wants insurance right now I do know it's really cheap for the recipe.
We're talking about apple of course a lot today that you iPad is out -- the price of -- share of stock.
Going for more than you might have a -- -- -- on the stock picks it -- 600 bucks yesterday for the first time didn't close there will CB gets here today.
He put out some of the component -- now people have been buying them in Australia yesterday where went on -- first.
Breaking it down -- and I'll stocks like Qualcomm and Broadcom -- they make some of the chips that are inside that -- path back to you.
All right -- says you can always bank on those expectations and marketable almost always surprise you and I would like.
Content and Sprint Nextel is pulling the plug on its partnership with lightsquared today that Telecom company will end its fifteen year contract with the wireless start up and give back.
65 million dollars in prepayments.
Under the deal announced in July lightsquared was to pace Britain nine billion dollars to have its radio spectrum hosted.
On sprint infrastructure but the SEC announced earlier this year plans to block lightsquared from operating its plan -- network over concerns.
About its signal interfering with cheap yes.
Meanwhile US and European regulators are reportedly investigating Google over its privacy practices.
According to the Wall Street Journal officials are looking at whether the company used special computer -- to get around the privacy setting controls in Apple's safari web browser.
In order to track users.
Google said it bypassed the privacy settings aren't -- social networking feature in ads.
And that the tracking was inadvertent still the FTC is looking at whether the move violated a settlement between Google and the government last year.
Over the site's privacy practices a group of states have also launched their own investigation.
Here's a look at commodities now oil and gold have been mixed all morning -- now up by about seventy cents at 105 almost 106 a barrel.
-- down by twelve bucks at 1647.
Imus in the morning continues right now on Fox Business giving you -- -- across.
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