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Dow Rallies on Earnings and Data
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Description
FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.
- Duration 0:56
- Date Oct 16, 2012
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FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.
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To -- that the big corporate story of the morning is the very surprising resignation of Vikram Pandit.
-- that Citigroup out of the financial crisis now he's gone from a company.
No mention this only good things -- it was a conference call late yesterday not a -- of this happening came out of the blue first thing this morning.
-- now delivering reports from the Wall Street Journal from our own a business a -- about the reasons for the sudden departure and that clash with the board over a strategy.
And the company for the company that is and of his performance a profitable it just didn't think he was a very good CEO you don't.
Citigroup is just a small part of the Dow's big gain today right now the Dow Industrials are off by a strong 114.
Points.
Watch out we're back in ninety seconds with the judge a medical marijuana dispensaries opening up at his home state mind to New Jersey walk.
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