What's Up On Wall Street - Russell Pearlman, Smart Money

Well despite all the do in stocks really are not doing that that's. How we got the Dow down but only by eighteen points Mary still hovering above the thirteen 150 NASDAQ is down seven S&P 500 down two. Oil trading up seven cents to 9373. A barrel gold it's up thirty cents to 1610. -- US treasury at one point 62 not too bad to better all -- let's go to New York talk to Russell Pearlman for Smart money magazine. Russell are things in the Big Apple. -- -- -- Could it -- it seems like there's a lot of negative sentiment specifically and talk about Charlie Morse from HSBC but there's still a lot of people. Suggesting that we're gonna see collapsed in stock prices -- here and down in New York. Well mean that the book the bears have been out in force. Like the public is due to overnight -- both ritualistic they're still very worried that the problem Europe area over. The job market is not moving as fast as a whole editing what -- look like. But I think really exciting is this uncertainty -- -- Our own situation with tax. Major tax expiring. You don't. Deficit that we or out. Wolf. Put eight to apple or or or -- hole looks like a lot of people who. -- very -- stock right now even though you look back. Since April were flat and it in the past couple weeks were up 56. Make -- a skeptic in me says that the people that are bearish are the ones that are sitting on their cash waiting for correction. And and I wonder is dirty like is there any evidence to that -- that's. That's my gut instinct tells me I see all these people coming across all the Talking Heads on whether via Bloomberg or whether it's guys you're interviewing at the Wall Street Journal. In and I hear this negative sentiment and I take -- love to know what they own they shorting the market -- the sitting in treasuries just waiting for 20% correction so they can buy into the market finally. I think -- -- sitting in treasury rate -- supply UCL a -- -- the -- treasuries back up the one point 6% about golf. Extremely low on a -- historic -- yet that 14 or a double point 6% in the low. A lot of people park their money in treasuries they're certainly not park your money in gold because school. About a 600 dollars. -- month treasury and where they've Utley put it an individual investors are stalled out -- that there's still continue to pull money out of US stock. Actual quote here which. Going -- -- -- that that hasn't stopped there. All right they tell me about Disney. I saw that the missed their revenue number but they beat on there earnings. And they're stock price really early this morning was down but now I see it up sixteen cents a share what's going on. What it could Portugal will look and figure out how. Whether that sales shortfall is. Is a big deal although that's set like this is something where. You. One movie maker break. A quarter of the case they had a really good quarter thanks cute the avengers movie. Which is now sitting apparently at least Kirk. Top grossing they'll -- And that that's still. -- well also. That's why there -- -- -- jumped point 4% year year over year. I think people were shocked. That this movie it's several superheroes has done well. And so they're willing to overlook that kind of the ills short all -- -- -- yesterday. It's a bit trouble on the left the market low volume. Not trading well one way or -- but also the also. At least TV networks reverend Leo yes and and ABC. Profit there rose one point 5%. Well not just movies that are particularly well. The PP networks are also well. What do you make of the Labor Department report that we've got job openings rising to three point eight million highest level they -- in epic four years. Its -- company that's right. It's a story with three point eight million job openings right now. About -- at about the two months ago Robert. This particular stretch of the Oakmont on. The match up numbers that where we are always. But that's the sign that the employers. You know there's almost all Oreo Wall Street employers would poster out something that's going to be increasing. Over the next several multi year otherwise they wouldn't how have jobs to issue civil. So even those those openings are still below pre recession levels that nearly which were nearly or billion -- This is a really it's the employers -- continue to hire at least. Wore this -- during a summer there that are hiring at or at least offering jobs at increasing. Right right very interesting -- well Russell thank you very much for joining us we sure appreciate your time. Russell Pearlman Smart money magazine joining us today on the financial exchange we've also got June night in the studio June. Question of the day and copy card. Yes okay so 68680. We want to know what you pay for your first apartment to rent it what it somewhere -- did it not come way like may -- didn't have a a flight of stairs and had to jump jump off the side of the deck who knows also yes we've got a -- card for you. You all you do is stylist at at the 88205226315. Collar. When you hear Will Ferrell. I talked to a couple young kids in the office and one of them. Is paying 3000 a month for -- -- roommates with bad day yet wonder. The other one is pain. I think -- -- who's like fourteen and he's down in eight years to -- And and that's it backed by himself or that split in -- Split -- 14100 shared. So you must be pain he skewed pretty well I'd ask you cut back but he -- -- he doesn't vehicle I know some Bosnian living in city you have to give up your vehicle that is true yeah that's a lot that's a lot of money. That's they -- of the city this is what it comes down to. I mean you know move out -- tiny bit of -- -- socially it straight Indy deeply loved that because -- just graduated college one of the other route in single oral and people. Even after coupled up they still seemed elected the action. It's mostly I found its most of the kids who grew up out in the suburbs but never had that city experience you experience it typical suburban buddies in town of Portland -- -- -- I mean yes that's absolutely true I but I think it's a universal thing Hampshire and for the people even if here from Medford like your Q and I think. High school kids -- -- 21 with close to the city and -- just due to walk everywhere Terry. It it's for a period of time. It's a party. They when we come back we're gonna be joined by author doctor David Washington he's the author of the book life is -- literate talked to David. About really how hard is it to get a job and what should you do if you lost your job. And you need to kind of restart your career stick to possess or are we talking about with author David Washington next in the financial exchange.