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Penn National Jumps on Breakup Plan

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Description
FBN's Robert Gray breaks down business news before the closing bell.
Duration 1:04
Date Nov 16, 2012

This transcript is automatically generated

-- I'm Robert -- when you're Fox Business brings.

Well it's another roller coaster day on Wall Street stocks bounced off session lows earlier in the day after -- speaker John Boehner.

Citi had constructive talks of President Obama on averting the looming fiscal -- of spending cuts and tax hikes right now the Dow is up 43 points.

Modest gains across the board.

Meanwhile shares of Penn National Gaming -- jumping on word it plans to spin off its real estate assets into a separate.

Publicly traded companies can also plans to transform into the first gambling focused real estate investment trust.

Current international shareholders would receive shares in the new company the great tax free dividend.

And all consumers want for Christmas is a tablet the consumer electronics association of course the tablet computer -- this year's holiday wish list.

For adults consumers are expected to spend an average of 252.

Bucks on electronics this year.

Just six bucks more than a year ago.

In L -- continue our countdown of the closing bell with Liz Claman.