Pre Market - Trader Talk with Bob Pisani - CNBC.com
Oil dropped about $0.60 after Boone Pickens said that he was short oil on our air. Natural gas also dropped, as he said he was short that also.
However, gold, platinum, and palladium are once again at new highs this morning, and it's not just those: soybeans, steel, freight, iron ore, coal, are all at highs. Base metals like copper and zinc are strong as well. While materials stocks are up a bit this month, none of them are anywhere near new highs. There seems to be some kind of decoupling going on between commodities and the stocks.
JC Penney
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They didn't say for how much, but they did say it would be at a "substantial premium" to the close of $10.18 a share. Up 16 percent pre-open.
Research in Motion
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Steel giant Arcelor Mittal said they were raising prices; so is everyone else in the commodity world, it seems.
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