Their faith in a better than expected economic reports. Trading higher, the dow hyder by 50 points. The s p higher by nearly a point. The previous estimate was a gain of 1. 7 . The number of americans applying for firsttime jobless benefits falling. That number coming from last week. The shares of two auto stocks getting a big boost today. I am at the ford post. They are increasing production of the fusion for the first time. It is behind the f150. The other auto maker is General Motors. We are getting commentary. This is the reason why. It has been very bullish. They say the move reflects continued improvement in the companys profitability here in north america and stabilization in europe. They also had that it could lead to an upgrade for General Motors in the next 24 months. Cheryl we will see you very soon. We are rounding out the month of august, youucannot help but wonder if the markets did not get ahead of themselves. I think that is probably right. The trend is still negative.
Initial read. Initial jobless claims fell. They beat estimates. That is good news. It remains at a five year low. Cheryl jpmorgan assembling a task force. A judge says he is leaning towards confirming a on mars the judge said he will rule later t. Cheryl nfl players have reached an agreement ensuing over concussion related injuries. After the bell starts right now. 16 to the plus side. The biggest wall of worry at all is war. We have piper and jeffreys senior analyst. We are calling for an alltime high. Mark, lets start with you. We have gdp numbers. Tapering now seems to be more likely because of the strong gdp numbers. If you take it out of the equation, the underpinnings have been pretty decent. The s ps would be pushing 1700 right now. The guys behind me are all really bullish. After tomorrow, they have to keep themselves neutral because who knows what will happen over the next few days with syria. The bias really is to the upside. Todays higher numbers aside, we have one more trad
0 learning that they are doing better. ricin is a toxic substance found in caster beans. and it recently turned up in letters sent to president obama, a u.s. senator, and a judge in mississippi. no word of any suspects in this latest case but police say the letters threaten mayor bloomberg over his calls for stricter gun laws. eric shawn tracking developments now live in the newsroom. eric? harris, if you inhale ricin, you can die. and somebody apparently objects so strongly to mayor michael bloomberg s push to stricter gun laws police say those letters laced are ricin were sent to the mayor and group. he has been one of the most outspoken supporters of gun control regulation. he has bank rolled the group mayors against illegal guns. cops say the letters made threats against the mayor and did refer to the recent debate about the nation s gun laws. one letter was sent to a new york city municipal agency and opened last friday. the other was sent to bloomberg s group in the nation s ca