Money Minute: Will Luck Stop Stocks' Slide? Ford to Hire 5,000 Workers


Maybe Friday the 13th will prove to be good luck for investors, who are all of the sudden worried that the rally has run its course.

Historically, Friday the 13th hasn't been so scary. In fact, the S&P 500 rises slightly more often on Fridays the 13th than it does on any other random day.

The Dow Jones industrial average (^DJI) fell 104 points Thursday, the second straight triple-digit loss. The Standard & Poor's 500 index (^GPSC) lost 20 and the Nasdaq composite (^IXIC) dropped 57 points.

Ford hiring 5000, launching 16 new models in 2014
Jeff Kowalsky/Bloomberg via Getty ImagesFord workers at the company's Michigan Assembly Plant in Wayne, Mich.
Ford (F) says next year will be the biggest for vehicle launches in the history of the company. As a result, Ford plans to hire 5,000 workers in the U.S., mostly in engineering and product development. Among the new offerings in 2014, redesigns of the Mustang and the F-150 pick-up. In all, it plans to roll out 23 new or updated vehicles next year.

The cold snap that has many of us shivering on the way to work this morning is sending natural gas prices sharply higher. They're at the highest level in more than two years, as demand soared. Meanwhile, the Energy Department reports that natural gas supplies fell last week, and that was before the cold weather blanketed many areas.

The deep freeze is also having an effect on California's citrus crop. State officials say it will take three to four weeks before they can put a dollar value on the crop damage. The good news: forecasters say more typical California weather should return next week.

OK, enough about the cold weather. It's Hobbit time, as the second installment in the "Lord of the Rings" trilogy debuts in theaters today. It's expected to draw huge crowds, likely to be one of the biggest box office hits of the year. Among the potential winners on Wall Street are Time Warner (TWX) and its Warner Bros. studio, IMAX (IMAX) and Dolby Laboratories (DLB), and movie theater chains such as Cinemark Holding (CNK) and Regal Entertainment Group (RGC).

-Produced by Drew Trachtenberg.

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dfw carpet

Texas lottery says they provide extra monies to schools, I say HOGWASH I hear from teachers everyday.
http://www.dfwcarpetclean Provides teachers with a 15% off coupon on carpet cleaning

December 13 2013 at 3:08 PM Report abuse rate up rate down Reply

Bernanke seems to think extension of long term benefits are not a good thing. And he said so years ago. But it seems to be rather trendy for Congressional committee's to ignore the Fed's warnings. Especially about long term debt.

December 13 2013 at 2:34 PM Report abuse rate up rate down Reply

Like or hate Bernanke, he sounded the alarm, years ago. We can't keep adding to the long term unemployed. Congress has yet to extend unemployment benefits. A factor Bernanke cited as a worrisome statistic,
Don't know if many have a healthy view of the CBO, but future projections in the jobs market are rough for the next ten years.

December 13 2013 at 2:22 PM Report abuse rate up rate down Reply

I still have dial up. Can't afford to get broadband. The faster speeds will just send the lies to us sooner. The best export we could ever have is the one that ships out all these foreign visa workers back with their tagalong stow-aways.

December 13 2013 at 1:38 PM Report abuse rate up rate down Reply
1 reply to Iselin007's comment

So what you're saying is you don't want America literate in computer skills. And other countries are coming in and buying call centers and using their workers. I see you have a dismal view of...just about everything. A suggestion could be made that perception is reality.

December 13 2013 at 1:52 PM Report abuse rate up rate down Reply

The job market is in a Depression and the country has more then a trillion in Debt. Never thought the older people would be pulling pallets and unload8ing trucks while you gangastas play with their Ipones and disrespect their elders. What we have is babies grown up to be thugs and cons.

December 13 2013 at 1:23 PM Report abuse +2 rate up rate down Reply

On Bloomy: Ford to hire 11,000 in US; Asia ? Here they reveal 5,000 to be hired the story starts to get gloomy. Supposedly some where going to be hired in Mexico also reported a few week ago.

We don\'t need any more made overseas or over the border products. People have been forced to buy foreign cheap goods because they lost their good jobs. Tell me how many here will be foreign workers visas ect?

December 13 2013 at 1:05 PM Report abuse +1 rate up rate down Reply

We always here about somebody that is going to hire thousands of people, no other info just that ,wonder if it ever really happens and to what extent. and car sales are another bubble, selling cars to everyone and anybody if the meet the very bare miniums, maybe that is why repossions are skyrocketing, but we do not want to go there, that would run the feel good story.

December 13 2013 at 12:10 PM Report abuse +1 rate up rate down Reply

Until any of you can tell me where every seed should be planted for growth then you can tell me the future of anything. But seems how you can't, stop making all your stupid remarks about how Obama or any gov't official for that matter and any business is going to do next and how they are going to ruin this country.

December 13 2013 at 12:05 PM Report abuse rate up rate down Reply

A new hire at GM, Ford or Chrysler starts at 14.00 per hour. They are given raises along the way to 7 years when they will reach union scale. Most will be production workers and hired right here in Michissippi.

December 13 2013 at 11:13 AM Report abuse rate up rate down Reply

I can only assume the negative posters lack the education and skills required for these jobs and instead post insipid and irrelevant remarks to mask such inadequacies. Too bad. The number of good-paying jobs is going up and up no matter how often people post unsubstantiated claims to the contrary.

December 13 2013 at 10:30 AM Report abuse +1 rate up rate down Reply
1 reply to pgile's comment

If you\'re referring to all of those $8.50-$10.50/hr sweatshops out there, don\'t you think it\'s a little early to break open the champagne bottles?

December 13 2013 at 10:37 AM Report abuse -2 rate up rate down Reply