For a record of its own trying to close higher for a tenth straight day. That would be its longest win streak since july 2009. Investors encouraged by Janet Yellens hints to congress that the fed will probably start raising rates later this year. What does jim grant say about all this and is he behind the audit the fed movement . Well talk to him about that when jim joins us coming up. By the way, 10year has moved lower, comfortable ablably below the 2 level. Were at 1. 98 and change. 2year note auction after the testimony, then the 5year is at 1. 46 . 10year at 1. 99 and 2. 60 on the 30year. Were getting so used to this volatility but it is really unusual, especially on a comparative basis for how lowther here. Big move after janet yellen today. Lets talk about it in our closing bell exchange. We have renee norris from urban wealth management, Quincy Krosby krosby, Jim Osullivan sitting in my chair at the new york stock exchange. John manly from Wells Fargo Funds Management and Kenny
The u. S. Government is expected to blame north korea and blame them. George clooney tried to get other companies to sign a petition in support of sony. Another strategy from australia. Eight children have been murdered. Australias Prime Minister calls it heartbreaking. A panel of experts says the secret Service Needs new leadership. Stephen colbert signing off from the colbert report. I guess ill be gone forever. Well always be there for the american people. Yeah, but arent you canadian . Boston marathon bombing suspect dzhokhar tsarnaev. Two men were seen near the fire. All that jacksonville is going to take it. Mark gets the sack worth 600,000. Show me the money. And all that matters president obama leaves the door open for cuban president raul castro. Its christmastime. Theres a real hole in the theater schedule. Do you think to yourself more cheese for me or what do you think . Ill say this. My movie is very koreanfriendly. Announcer this mornings eye opener is presented by toyota
Well go over to japan and tell you whats going on there. Lets get to our road map here. Youve got mail. Verizon aol, 4. 4 billion. Why is armstrong selling the company he runs and why verizon is buying a content business . Plus as we mentioned, we are seeing red in the premarket. Stock futures are lower as that selloff in bond continues. Another month of weak numbers from the gap. Retailers april sales came in below consensus blaming, what else . Youre thinking weather . No. Strong dollar. Thats what they are going with at the gap. Verizon agreeing to buy aol 50 a share, 4. 4 billion a cash. The dow component says it will help build digital and video platforms to drive future growth. Tim armstrong will continue to lead aol after it becomes a whollyowns verizon subsidiary. The ceo of aol was asked why he did this deal now. When you look at where we are today and where we are going, we made aol as big as it can be in todays landscape. If you look forward five years, youll be in a space w
Is winning again. Charles, you know, look, online winning again. Online has one here. That is my opinion. Charles you just cannot dispute that. I think if i had to buy office supplies, you know. A stapler is a stapler. Theyre trying to modify the business model. At least the transition would be the inevitability of what is happening right now. Stuart please, take a look at google. They are launching a fleet of High Altitude unmanned balloons. Theyre calling it the project loom. This explains why facebook is looking into buying tie in aerospace. They can stay there for years and deliver wifi. Drones are a big part of the future. It seems incredible to me, charles. Charles they call it will because of loom moon. A lot of these things crash. I feel like you would have have more control with the drone airplane. Stuart they built these balloons. They will launch these things and iron out the bugs. Charles they may be able to. It is a lot cheaper for them to use any of that stuff then go aro