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Morning Business Outlook: 11/16/12

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  • Description

    Apple stock decline worries investors

  • Duration 1:23
  • Date

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Good morning Wall Street stands between Washington and the fiscal cliff traders -- getting run over Knapp fears sent stocks down once again yesterday the blue chip average -- 29 points well above the lows of the session.

It was a -- an economic news mostly bad super -- sandy caused a big rise in jobless claims and a big fall in manufacturing in the new York and Philadelphia areas.

Perhaps the real panic on Wall Street though -- Apple Stock and not the fiscal cliff.

Nearly every hedge fund and mutual fund is tied to apple and that's why the stock's decline so concerning Apple Stock at a six month low.

For the year its gains have dwindled to a rise in just 30%.

The US Postal Service reporting an annual loss of a record fifteen point nine billion dollars more than three times as bad as expected.

Much of the reading due to mounting costs for future retiree benefits.

Any good news -- some things to Internet shopping package volume is expected to jump.

20% over the holidays.

And how colleges they get you the most bang for your buck you know where your first -- -- is actually more than it cost an annual tuition.

Well Ford says and ninety ranks number one followed by Stanford Harvard Yale and Princeton so I guess you're gonna have to study hard do.

And that's business for more allowed on to foxbusiness.com.

In new York -- lines in -- --

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