We also have a packed agenda today. 8 30 eastern time. June cpi. Economists are looking for the headline number to rise by. 4. Among other reports to watch today, Industrial Production. Thats up at 9 15 a. M. The nationality association of Home Builders survey at 10 00 a. M. Our market newsmaker of the morning, squawk master Mohamed El Erian will join us. We have a lot to talk to him about. Beyond the data, the other big economic story of the week, fed chairman ben bernanke heading to capitol hill. Hell testify before the House Financial Services committee. Thats at 10 00 eastern tomorrow. Then repeating that performance in front of the Senate Banking committee on thursday. A lot to chew on there. Politicians are expected to grill him about the feds Bond Buying Program and plans for tapering and, of course, if widespread rumors that bernanke will step down in january true, this could be his last Monetary Policy report to congress. I bet he would miss that. We should also note that tomo
Week. I think its a perfect buying opportunity. The market still has a lot of room on the upside. Not a lot. Lets say 5 or 10 . One investment idea. Technology right here right now. Most hated sector around the world. It is. All right. Thank you guys. See you later. Going out near the lows of the day. Right now reading the closing bell, new york city celebrating 25 years. Theyll be appearing at carnegie hall. As we head towards the second hour, waiting for the interview with the ceo of clorox. On the second hour of the closing bell. And it is 4 00 on swallow street. Do you know where your money is . Im Maria Bartiromo on the floor of the new york stock exchange. The market posting the first triple digit loss on the dow industrials of the year after closing above 14,000 on friday. The market has retraced quite a bit of that today. Were also following a developing story at this hour. The Justice Department planning to file a suit against Standard Poors. Mcgrawhill clobbered today. Also m
Good evening. Good evening from me as well. Well, call it a big letdown for investors today. There were discouraging developments on two crucial issues for the market. Syria, where president obama didnt get the International Support he was looking for, to the jobs report that showed american businesses werent hiring much in august. Both disappointments caused wide swings in stocks, going from triple digit losses on the dow to closing numbers basically unchanged. We begin tonight with the Labor Departments august employment report. 169,000 jobs were added to the economy last month, but that was fewer than forecast, while the numbers for june and july were revised downward. The Unemployment Rate ticked to a notch lower to 7. 3 , but mostly because so Many Americans simply stopped looking for a job. Hampton pearson takes a closer look behind the numbers and how they could influence what fed policy makers do next. Joe porter just got hired as a trainee for one of the largest car dealers in
Good evening. Good evening from me as well. Well, call it a big letdown for investors today. There were discouraging developments on two crucial issues for the market. Syria, where president obama didnt get the International Support he was looking for, to the jobs report that showed american businesses werent hiring much in august. Both disappointments caused wide swings in stocks, going from triple digit losses on the dow to closing numbers basically unchanged. We begin tonight with the Labor Departments august employment report. 169,000 jobs were added to the economy last month, but that was fewer than forecast, while the numbers for june and july were revised downward. The Unemployment Rate ticked to a notch lower to 7. 3 , but mostly because so Many Americans simply stopped looking for a job. Hampton pearson takes a closer look behind the numbers and how they could influence what fed policy makers do next. Joe porter just got hired as a trainee for one of the largest car dealers in
Our market monitor has four stocks he says will gain as much as 20 in the next year. Grab a pen and paper because nightly bausiness report stars right now. Good evening. Good evening from me as well. Well, call it a big letdown for investors today. There were discouraging developments on two crucial issues for the market. Syria, where president obama didnt get the International Support he was looking for, to the jobs report that showed american businesses werent hiring much in august. Both disappointments caused wide swings in stocks, going from triple digit losses on the dow to closing numbers basically unchanged. We begin tonight with the Labor Departments august employment report. 169,000 jobs were added to the economy last month, but that was fewer than forecast, while the numbers for june and july were revised downward. The Unemployment Rate ticked to a notch lower to 7. 3 , but mostly because so Many Americans simply stopped looking for a job. Hampton pearson takes a closer look