The video this transcript is based on appeared on Nov 11.
NEW YORK ( TheStreet) -- Markets remained flat Monday as traders await earnings from major retailers. Grier Eliasek, President of Prospect Capital, talks BDCs.
Welcome to after-hours action I'm Greg Greenberg from TheStreet. After last Friday's melt up stocks less ebullient Monday, before we wrap up the market one prominent name moving in extended hours trading is News Corp which missed on the top line with its third-quarter earnings and bottom line by 2 cents. News Corp (NWSA) is down 6 percent last check. Now let's wrap up the markets, stocks finished fairly flat Monday as investors await earnings reports from major retailers they may offer additional signals about the strength of the US economic recovery. S&P was up one measly point while the Dow added 21 the Nasdaq was up two points to $39.20. In corporate news Transocean (RIG) finished 4 percent higher is the world's largest drilling contractor, reached an agreement with call icon to pay a three dollar dividend and reduce the number of seats on its board. Meanwhile Macy's (M) shares were up 2 percent had a bit third-quarter results on Wednesday Macy's posted in an 8/10sof a percent drop in second-quarter same-store sales too tepid consumer demand. Finally Twitter shares rose three percent today to forty three bucks, after the stocky back to sum up its first-day gains on Friday. Now there are a lot of ways to measure the health of the economy from retail earnings like we just mentioned to government data any number of anecdotal indicators one at that I like is asking the head to BD Cesar, business development companies, about the lending environment. Are businesses forming, are they finding places to invest and if so where? Greer is the president of a prospect Capital Corporation and I'm hoping he can answer some of those questions for me I'm sure we can welcome Greer.