Stock Market Today: Stocks Are Pumped As Federal Reserve Fuels Marketwide Rally – Thestreet

Stocks Are Ripping Higher — Dow Up 265 – Yahoo Finance

Sony ( SNE ) shares were up 3.6% after deciding to pull the release of The Interview, previously set to debut on Christmas Day. On Wednesday, major theater chains including AMC Entertainment ( AMC ) and Regal Entertainment ( RGC ) dropped plans to show the movie after threats from Sony hackers. Oracle ( ORCL ) was up 7.8% after beating second-quarter earnings estimates and posting a 3% gain in revenue. Rite Aid ( RAD ) climbed 14% as quarterly net income beat expectations and same-store sales in its third quarter spiked more than 5%. American Express ( AXP ) had its stock initiated with a “hold” rating and $95 price target by Jefferies analysts.
Source: http://www.thestreet.com/story/12990114/1/wall-street-celebrates-feds-patience-as-good-cheer-extends-stock-rally.html?cm_ven=RSSFeed

Stocks surge as oil continues rise; Dow up 225 pts – Yahoo Finance

The rally in stocks comes after the S&P 500 on Wednesday had its best day of the year . That came after the Federal Reserve’s latest policy announcement, which saw the Fed say it would be “patient” in raising interest rates. Earlier Thursday, we got initial jobless claims data that beat expectations. Initial jobless claims fell to 289,000 from last week’s 295,000, which was expected by economists. Also Thursday, we got the flash reading on service sector activity from Markit Economics, which fell to 53.6 from 56.2 in November.
Source: http://finance.yahoo.com/news/futures-soaring-140507707.html

Stocks rally again on Europe, oil – Yahoo Finance

The Nasdaq added 66.14 points, or 1.5 percent, to 4,709.14. For every share falling, more than three rose on the New York Stock Exchange, were 264 million shares traded as of 11 a.m. Eastern. Composite volume neared 1.4 billion.
Source: http://www.cnbc.com/id/102280480?__source=yahoonews&par=yahoonews

https://www.youtube.com/v/jIvMqCgS6CQ

Stocks rally in the wake of Fed patience on rates

Traders on the floor of the New York Stock Exchange.

That has RAD up 10 percent in early trading. AK Steel rose 8 percent on a strong report as well. Oracle announced better-than-expected earnings and revenue, sending its shares up 5 percent. Jabil Circuit also climbed more than 5 percent after profit exceeded estimates. Aside from the pop in oil, gold and silver both rose almost 1 percent, while copper fell 0.6 percent.
Source: http://finance.yahoo.com/news/stocks-rally-again-europe-oil-131314921.html

Equities came off session highs, however, as oil turned lower. “The reality is markets were hit with we’re not sure what’s happening and why, as oil has been acting as something akin to a global interest rate. The good news is the Fed is aware of what is going on, and they want to be friendly, so people are hopefully in better cheer,” said Jack Caffrey, equity portfolio manager at J.P. Morgan.
Source: http://finance.yahoo.com/news/stocks-surge-oil-continues-rise-143245322.html

Etf Snapshot: Validea Market Legends Etf (valx) – Nasdaq.com

Retail? Institutional? At the outset, there will be retail and professional investors who are familiar with our offerings and are followers of our system who will most likely be the primary investors. Over time however we think institutions could find the ETF attractive as well as we build a performance track record and they learn about the robustness of the strategy and the factors that go into making the approach a distinctive one. 7.) How would you characterize the demand for such a product? We think that over time, investors are looking for investment products that outperform the market after fees, and studies have shown that these products are few and far between.
Source: http://www.nasdaq.com/article/etf-snapshot-validea-market-legends-etf-valx-cm421931

ETF Outlook: SPDR Select Sector Technology ETF (XLK) – NASDAQ.com

To find the strongest stocks in the XLK, we look to the upper right quadrant of the Power Grid (strong Power Gauge stocks in strong industry groups) where we find stocks with the best potential for price gains over the next 3-6 months. There we see stocks like Apple, Broadcom, Cisco, Hewlett Packard ( HPQ ), Symantec ( SYMC ) and Western Digital ( WDC ). Over time, strong stocks in strong industry groups will outperform the market, whereas weak stocks in weak industry groups will underperform the market. In addition to buying the XLK on weakness, one stock to buy in the XLK is Broadcom. Broadcom has a bullish Power Gauge rating that is driven by very strong Expert Opinions, particularly Industry Group strength and strong analyst support. Broadcom is a leading developer of integrated circuits for digital data communications for both home and business.
Source: http://www.nasdaq.com/article/etf-outlook-spdr-select-sector-technology-etf-xlk-cm421874

ETF Preview: ETFs, Futures Weaker As Crude Oil Tumbles Following OPEC’s 2015 Guidance – NASDAQ.com

The drug is indicated for osteoarthritis, rheumatoid arthritis, and ankylosing spondylitis, and for the management of acute pain in adults. It had U.S. sales of approximately $2.5 billion for the 12 months ending September 30, 2014, according to a figure provided by the company and attributed to IMS Health. PFE shares were down 0.88%.
Source: http://www.nasdaq.com/article/etf-preview-etfs-futures-weaker-as-crude-oil-tumbles-following-opecs-2015-guidance-cm421718

ETF Skips Petrobras to VTB as State-Owned Companies Unwanted – Bloomberg

make up 20 percent of the ETFs holdings, while South Korean firms including Samsung Electronics Co. comprise about 15 percent. About 26 percent of emerging-market equity value globally is in companies where governments hold more than 20 percent, according to a Dec. 4 post on WisdomTrees website. Ownership is concentrated in the financial and energy sectors, while public control is less prevalent in consumer goods , information technology and health care companies. The ETF has an expense ratio of 0.58 percent.
Source: http://www.bloomberg.com/news/2014-12-10/etf-skips-petrobras-to-rosneft-as-state-owned-companies-unwanted.html

The PowerShares QQQ ETF: 3 Reasons to Sell – NASDAQ.com

(Symbol: PPG) is lower by about 1.7%. For a complete list of holdings, visit the XLB Holdings page The chart below shows the one year price performance of XLB, versus its 200 day moving average: Looking at the chart above, XLB’s low point in its 52 week range is $42.78 per share, with $51.01 as the 52 week high point – that compares with a last trade of $48.64. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead power shares double short euro etf of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
Source: http://www.nasdaq.com/article/noteworthy-etf-outflows-xlb-px-lyb-ppg-cm421840

Noteworthy ETF Outflows: XLB, PX, LYB, PPG – NASDAQ.com

Thus, while the fund does instantly plunk you in about 100 sizable technology companies, it’s still, to a great extent, mainly an Apple and Microsoft fund. Little income Finally, if you’re in the market for some income from your investments, you can do much better than this ETF that recently yielded 1.3%. Even among its components, you’ll find some generous payouts, such as 5% from Mattel , 3.7% from Kraft Foods , 3.2% from Staples , 2.8% from Cisco Systems , 2.5% from Microsoft, and 2.4% from Intel . Clearly, this isn’t the perfect investment for everyone, and it might not be perfect for you. It has performed well, though, outperforming the S&P 500 over the past three, five, and 10 years.
Source: http://www.nasdaq.com/article/the-powershares-qqq-etf-3-reasons-to-sell-cm422072

Obama: Some Of Cia’s Harsh Methods Were ‘brutal’ – Abc News

“Mexico is our friend and our neighbor. We want them to thrive.” Obama said the crime against the missing students has “no place in civilized society.” The case has ignited indignation across Mexico and around the world over the fact that the students disappeared at the hands of a corrupt local government and that federal authorities took 10 days to intervene. Some have called for President Enrique Pena Nieto to resign. Obama said he spoke with Pena Nieto last month when both leaders attended an international economic summit in Australia and that the Mexican president “recognizes the outrageous tragedy this represents.” Mexico’s attorney general said 80 people have been arrested so far in the case, including 44 police officers from the cities of Iguala and Cocula and former Iguala Mayor Jose Luis Abarca, who is under investigation for ordering the Sept. 26 attacks.
Source: http://abcnews.go.com/Politics/wireStory/obama-us-offers-mexico-missing-students-27487932

Obama banned use of the tactics shortly after taking office nearly six years ago. The report concludes that the CIA deceived government officials and the public with its steadfast insistence that the tactics, employed during the period that followed the deadly 9/11 terrorist attack on the U.S., had saved lives. The report says the CIA’s own records fail to back up the agency’s claims. Obama said the report makes clear that the interrogation program was created too hastily and without enough thought about potential consequences. “The CIA set up something very fast without a lot of forethought to what the ramifications might be,” he said.
Source: http://abcnews.go.com/Politics/wireStory/obama-harsh-cia-methods-left-past-27473499

Obama Thanks Afghans for OKing Bilateral Treaty – ABC News

troops to stay in the country after this year. The White House says Obama spoke by video conference Tuesday with President Ashraf Ghani and Chief Executive Abdullah Abdullah . They spoke shortly after the release of a Senate report on harsh interrogation techniques the U.S. used during the George W. Bush administration. The report includes details of interrogations at a facility referred to as COBALT, which is understood as the CIA’s “Salt Pit” facility in Afghanistan.
Source: http://abcnews.go.com/Politics/wireStory/obama-afghans-oking-bilateral-treaty-27486131

Obama fills in for Stephen Colbert – CNN.com

Colbert hosted a roast for then congressman — and later Chicago mayor — Rahm Emanuel in 2008. Colbert, a South Carolina native, has ties with Chicago, having gone to college at Northwestern, in nearby Evanston, and worked in the city’s comedy scene. Colbert’s awards haul isn’t limited to Emmys and Peabodys. In 2010 he won a Grammy for his Christmas album, and four years later won another for best spoken-word album. In September 2010, Colbert testified at a hearing on immigration. He took time to webblog chat with Phil Glaize, chairman of the U.S.
Source: http://www.cnn.com/2014/12/08/politics/obama-on-stephen-colbert-show/index.html

Obama reassures Latinos on immigration action – CNN.com

In back-to-back interviews Tuesday with networks that reach Spanish-speaking audiences, the President assured viewers that there is enough public support for his policies to carry over into a new administration, making it unlikely that they will be deported. “The American people believe that if you’ve done things the right way, then you shouldn’t be punished for it,” Obama said in an interview with Telemundo’s Jose Diaz-Balart. “You’re not gonna see Democrats or Republicans who suggest that we’re gonna treat worse the people who did the right thing compared to those folks who don’t register, don’t go through a criminal background check and haven’t been paying their taxes,” he said. POTUS stays on the immigration offensive Speaking to viewers who qualify for a path to citizenship under his executive action, the President vowed, “You can register, and you can be assured you won’t be deported.” “We are going to make sure that families — people who are working and responsible in their communities — are not prioritized for deportation,” Obama said. “So the likelihood of their deportations are going to be much lower.” A former constitutional law professor, the President detailed what gave him the legal authority to act on immigration now without Congress’ approval — a move he once said he didn’t have the authority to do.
Source: http://www.cnn.com/2014/12/09/politics/obama-immigration-latinos/index.html

‘fast Money’ Recap: Select Retail Stocks Can Outperform This Holiday Season – Thestreet

He is also a buyer of Abercrombie & Fitch ( ANF ) over Aeropostale ( ARO ) . SolarCity ( SCTY ) was upgraded by Ben Kallo, senior research analyst at R.W. Baird, to outperform withan $83 price target. He said investor sentiment is improving and the company can take additional market share next year.
Source: http://www.thestreet.com/story/12062727/1/fast-money-recap-select-retail-stocks-can-outperform-this-holiday-season.html?cm_ven=RSSFeed

Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF ( AMEX: XLE ), which is down 1.1% on the day, and down 0.36% year-to-date. Cimarex Energy, meanwhile, is up 13.30% year-to-date, and FMC FMC Technologies is up 3.22% year-to-date. Combined, XEC and FTI make up approximately 2.0% of the underlying holdings of XLE. The next worst performing sector is the Utilities sector, showing a 0.3% loss.
Source: http://www.forbes.com/sites/joelkornblau/2014/11/25/tuesday-sector-laggards-energy-utilities-4/

Hong Kong Stocks Struggle, With Energy Weak | Fox Business

advanced 0.8%, both Industrial & Commercial Bank of China Ltd. and China Minsheng Banking Corp. rose 0.6% apiece, and China Merchants Bank Co. added 0.4%. However, energy plays headed lower, http://www.etftradingsignals.com after Nymex oil futures slid to their lowest close in more than four years in New York overnight. Oil stocks in Hong Kong took solid losses, as China’s largest offshore oil producer Cnooc Ltd.
Source: http://www.foxbusiness.com/markets/markets/2014/11/25/hong-kong-stocks-struggle-with-energy-weak/

Weekly ETF Report: Why I’m Thankful for ETFs – NASDAQ.com

ETFs are usually pegged to an index, and that means theres no mystery about what kind of trading scheme or investment thesis youre buying into. Easy to use. ETFs can be bought and sold via any brokerage account, usually with a just a few clicks of your mouse or a quick phone call. Cost effective. ETFs are dirt cheap when compared with the cost of similar mutual funds.
Source: http://www.nasdaq.com/article/weekly-etf-report-why-im-thankful-for-etfs-cm417223

BlackRock’s Thompson on iThinking – Yahoo Finance

Thompson notes the ideas emerging from iThinking are intended to be tactical trades that advsiors can put on for six to 12 months and that the ideas will include all asset classes and geographic areas. Watch the video below to see the full interview. To view past video interviews, visit our video section . Investment & Company Information
Source: http://finance.yahoo.com/news/blackrock-thompson-ithinking-140027176.html

Midday Index, Etf Option Volumes – Yahoo Finance

The SPDR S&P 500 Fund (:SPY) has 611,000 options traded, with 341,000 puts. Next up is the S&P 500 Index (:SPX) at 209,000 contracts as puts outpace calls by about 2 to 1. The CBOE Volatility Index (:VIX) has seen 187,000 options turn over as calls outnumber puts by 3 to 1. And the iPath S&P 500 VIX Short-Term Futures Note ( VXX ) has 56,000 options traded, with 32,000 calls. More From optionMONSTER
Source: http://finance.yahoo.com/news/midday-index-etf-option-volumes-163253619.html

China-Hong Kong stock link could spur buying

(Symbol: GILD) is up about 0.8%, and UnitedHealth Group Inc (Symbol: UNH) is higher by about 0.5%. For a complete list of holdings, visit the XLV Holdings page The chart below shows the one year price performance of XLV, versus its 200 day moving average: Looking at the chart above, XLV’s low point in its 52 week range is $52.39 per share, with $68.02 as the 52 week high point – that compares with a last trade of $67.99. Comparing the most recent share price to the 200 day moving average http://www.etftradingsignals.com can also be a useful technical analysis technique — learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
Source: http://www.nasdaq.com/article/notable-etf-inflow-detected-xlv-mrk-gild-unh-cm412822

Van Eck Introduces First Onshore China Bond ETF – Yahoo Finance

I am not going to pass judgment on whether these companies are under-valued, over-valued, or too opaque to invest in. The international investors will go a long way toward sorting that out in the coming years. They’re going to have to sort it out. That’s because this action has opened the floodgates for mainland China to dramatically expand its presence in Emerging Market and World indices. That will initiate a flood of buying into Chinese stocks in the next several years. Here’s why: Mainland China is not part of most global indexes.
Source: http://www.cnbc.com/id/102174999?__source=yahoonews&par=yahoonews

Notable ETF Inflow Detected – XLV, MRK, GILD, UNH – NASDAQ.com

Among the largest underlying components of VOO, in trading today General Electric Co (Symbol: GE) is off about 0.3%, Verizon Communications Inc (Symbol: VZ) is down about 0.5%, and Pfizer Inc (Symbol: PFE) is up by about 0.3%. For a complete list of holdings, visit the VOO Holdings page The chart below shows the one year price performance of VOO, versus its 200 day moving average: Looking at the chart above, VOO’s low point in its 52 week range is $159.18 per share, with $187.22 as the 52 week high point – that compares with a last trade of $187.19. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”.
Source: http://www.nasdaq.com/article/notable-etf-inflow-detected-voo-ge-vz-pfe-cm412826

Notable ETF Outflow Detected – TNA – NASDAQ.com

Chinas domestic bond market is expanding and evolving at the same time. While the full liberalization of the markets is likely to take a long time, movement towards greater access for borrowers and lenders, and a higher degree of market oriented financings such as bond issuance have already greatly broadened the opportunity set for local investors, said Fran Rodilosso, senior investment officer for Market Vectors ETFs, in a statement . As has been the case with Chinas A-shares equity markets, the countrys enormous onshore bond market has been hard to access for most foreign investors. However, as is the case when it comes to A-shares equity ETFs, issuers are racing to launch Chinese onshore bond ETFs. Deutsche Bank and Global X are also eying competing ETFs. Not only is Chian by far the largest emerging markets bond issuer, but its $1.5 trillion corporate bond market is the worlds largest.
Source: http://finance.yahoo.com/news/van-eck-introduces-first-onshore-170001793.html

Notable ETF Inflow Detected – VOO, GE, VZ, PFE – NASDAQ.com

If, at any time, you are interested in reverting to our default settings, please select Default Setting above. If you have any questions or encounter any issues in changing your default settings, please email isfeedback@nasdaq.com . Please confirm your selection: You have selected to change your default setting for the Quote Search. This will now be your default target page; unless you change your configuration again, or you delete your cookies.
Source: http://www.nasdaq.com/article/notable-etf-outflow-detected-tna-cm412803

Time Warner And Intel Are Big Market Movers – Yahoo News

Closing Bell July 15 – Business Insider

A link has been sent. Done Time Warner and Intel are big market movers Time Warner, Yahoo, Intel, HCA Holdings, and PNC Financial are big market movers 1 hour ago Content preferences Done NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Time Warner Inc. (TWX), up $12.12 to $83.13 The media and entertainment company said it rejected a takeover bid from Rupert Murdoch’s Twenty-First Century Fox Inc. International Game Technology (IGT), up $1.42 to $16.92 The slot machine maker is being bought for $4.7 billion by the Italian lottery operator Gtech for $4.7 billion in cash and stock.
Source: http://news.yahoo.com/time-warner-intel-big-market-202609574.html

Stocks waver amid valuation worry and bank earnings

Consumer staples and health care led declines and telecommunications and financials fared best among the 10 major sectors on the S&P 500 , lately off 2.74 points, or 0.1 percent, at 1,974.36. The Nasdaq declined 20.86 points, or 0.5 percent, to 4,419.57. For every share rising, nearly two fell on the New York Stock Exchange, where 426 million shares exchanged hands as of 3:05 p.m. Eastern.
Source: http://www.cnbc.com/id/101837319?__source=yahoonews&par=yahoonews

US stocks close higher; Time Warner soars – The Denver Post

Other deals involving Apple and IBM as well as slot machine maker International Game Technology also helped lift the market. “It’s a continuation of what we’ve really been seeing this year, and it’s almost a record amount of (mergers and acquisitions) going on,” said David Chalupnik, head of equities at Nuveen Asset Management. Momentum from Intel’s strong second-quarter earnings late Tuesday and news that Apple and IBM are teaming up to sell more iPhones and iPads to corporate customers helped lift major stock indexes in premarket trading. The disclosure by Rupert Murdoch’s Twenty-First Century Fox that it had made a bid for Time Warner last month added to the modest rally.
Source: http://www.denverpost.com/dontmiss/ci_26158164/us-stock-index-futures-move-higher?source=rss

Investors beware: A market shock is looming – Yahoo News

Ive said we are in a risk-on environment and I think we ought to be cautious because whats the basis of this economic expansion has really been the Fed money and P/E plays, he says. As far as profits, its been cutting costs, profit margins. It hasnt been basic increase in sales volume and pricing power and I think that situation is still intact. He believes the defensive posture hes maintained even through the recent run-up in stocks is the better part of valor for the time being. As far as when that defensive posture could start to soften, Shilling believes investors need to be prepared for a shock that could send a shiver through the markets. How long is this risk on environment going to last, he asks.
Source: http://news.yahoo.com/investors-beware–a-market-shock-is-looming-142728562.html

JPMorgan’s revenue came in at $25.3 billion, and on the company’s conference call, CEO Jamie Dimon, who a few weeks ago announced he had curable throat cancer, said he “feels great.” 6) Goldman Sachs reported Q2 adjusted earnings per share of $4.10, topping expectations for earnings of $3.09. Revenue was $9.13 billion, also better than the $7.98 billion that was expected. Goldman’s revenue in its fixed income, currency and commodities client execution segment were down 10% over last year, while http://www.todayhotstocks.com revenues in equities were down 13%. 7) Things are still tough on Wall Street, and these two charts from JPMorgan’s earnings presentations showed just how hard things were for traders in the second quarter. JPMorgan’s markets revenue down 14% in Q2 (though the bank said in May that it could fall as much as 20%), while mortgage production fell 74% over last year. 8) Tobacco giants Reynolds American and Lorillard announced a $27.4 billion merger deal in which Reynolds would acquire Lorillard, as well as spin off some of its brands to British tobacco company Imperial Tobacco.
Source: http://www.businessinsider.com/closing-bell-july-15-2014-7

Obama Doing ‘insipid Job’, China Paper Says Ahead Of Visit – Yahoo News

“But he has done an insipid job, offering nearly nothing to his supporters.” “US society has grown tired of his banality,” it added. Although the US economy has improved gradually since the 2008 recession, the national mood is far from buoyant, with a CNN exit poll on Tuesday showing 54 percent of voters disapproved of how Obama was handling his job. The US president will be in China from November 10 to 12 for a two-day Asia-Pacific Economic Cooperation summit, followed by a state visit. In a speech in Washington ahead of the trip, US Secretary of State John Kerry on Tuesday called the US-China relationship the “most consequential” in the world, warning that it needed to be “carefully managed”. He maintained that the US remains “deeply concerned” by mounting regional tensions — Beijing has disputes with Japan and several of its South China Sea neighbours — and that “we do not simply agree to disagree when it comes to maritime security”. Beijing’s foreign ministry responded Wednesday that differences between China and the US are “natural” given the two countries’ “different histories, cultures, social systems and economic development status”.
Source: http://news.yahoo.com/obama-doing-insipid-job-china-paper-says-ahead-102459735.html

Obama to speak after midterm drubbing for Democrats – Yahoo News

Will President Obama find common ground with new Republican Congress? Now watching Next video starts in : 7 Play Will President Obama find common ground with new Republican Congress? Replay video Steve-O — Cops Investigating SeaWorld Stunt — Prosecution Likely View gallery A photograph of US President Barack Obama hangs nearby as voters cast their ballots at a pollling st Washington (AFP) – US President Barack Obama will hold a press conference on Wednesday, one day after his Democratic party was dealt a stinging defeat in midterm elections, the White House said. At the press conference set for 2:50 pm (1950 GMT), Obama will likely address how he plans to work with Republicans, who on Tuesday seized control of both houses of Congress in a stinging rebuke to the second-term president. Obama didn’t speak on Tuesday, but he invited congressional leaders to the White House on Friday.
Source: http://news.yahoo.com/obama-speak-white-house-says-midterm-election-drubbing-003519728.html

Obama Cites ‘A Moment For Reflection’ In Election Results : The Two-Way : NPR

ET: ‘A Moment For Reflection’ “I think that every election is a moment for reflection,” Obama says. He adds that he and the White House staff won’t change their principles. But he later adds that if Republicans have ideas that he thinks will help Americans, he’ll support it. Update at 3:08 p.m. ET: Working With Republicans With the first question citing a “devastating” night for Democrats, Obama responds by saying the American people believe Washington isn’t attentive to their needs.
Source: http://www.npr.org/blogs/thetwo-way/2014/11/05/361808531/obama-discusses-democrats-election-results?utm_medium=RSS&utm_campaign=storiesfromnpr

Obama vows to work with Republican Congress – Yahoo News

With the midterms out of the way, the attentions of both parties will soon shift to the 2016 presidential campaign, leaving little appetite for bipartisan agreement. Achieving any legislative deals will require a level of compromise the White House hasn’t yet been open to; it will also depend on a fractured Republican Party’s willingness to pass measures that have any hope of getting the president’s signature. In public, both sides say they’re ready to find common ground –“We’re ready to compromise,” Vice President Joe Biden told CNN Monday — though aides are more pessimistic in private. Asked whether the president will be looking to compromise and take a more conciliatory tone with a GOP Senate, a White House official said the “better question is whether the GOP wants to work with us.” Previous attempts by the White House to woo Republicans, including dinners and other meetings with Obama, did not materialize into compromise, the official pointed out. Republicans have likewise expressed some willingness to find common ground with Obama, though if four years of rancorous relations with the House GOP are any indication, that willingness may be fleeting.
Source: http://www.wcvb.com/politics/obama-alone-after-midterm-repudiation/29552684

Obama alone after midterm repudiation | Politics – WCVB Home

View photo US President Barack Obama speaks during a press conference in the East Room of the White House November 5, 2014 in Washington (AFP Photo/Brendan Smialowski ) Washington (AFP) – US President Barack Obama promised to work with his Republican opponents Wednesday after their midterm election victory and asked them to back his battles against Ebola and Islamic State jihadists. “Obviously, Republicans had a good night,” he admitted, after Republicans seized control of the Senate from Obama’s Democrats and increased their majority in the House of Representatives. “I’m eager to work with the new Congress to make the next Obama student loan forgiveness plans two years as productive as possible,” Obama said, while warning that there may still be some legislation that he would feel obliged to veto. “That’s natural. That’s how our democracy works,” he said.
Source: http://news.yahoo.com/obamas-democrats-got-thumped-did-republicans-174845574.html