Wednesday's Bloomberg Market Report

By: Bloomberg Email
By: Bloomberg Email
New York Stock Exchange
7920.94 down 102.29

American Stock Exchange
2320.14 down 53.65

NASDAQ Composite
2853.67 down 30.22

Standard And Poors 500
1358.67 down 15.86

Looking for a job? Facebook says it can help and Starbucks is making a big purchase to expand its tea brand. Here's the Wednesday Bloomberg After The Bell Report from the New York Stock Exchange.

President Obama urged both political parties to take steps to cut the budget deficit through a combination of tax increases for the wealthy and spending cuts, but investors remained concerned about whether an agreement can be reached and the Dow fell to its lowest since June.

Starbucks is continuing efforts to expand beyond coffee. It agreed to buy Teavana, which has about 300 stores and more than 100 kinds of tea. Starbucks already owns the Tazo tea brand.

Hoping to make money on the real estate revival? Well, the Blackstone group, which has been buying up properties, says investors may have less than two years to buy as competition and rising prices will make less properties available.

Facebook is rolling out an app that connects candidates with job openings and recruiters. The new service features more than 1.7 million jobs from partners like Monster and BranchOut.

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