Low tax rates. If that goes away, what does ireland have to offer . Welcome to a very special monday morning on Market Makers. Happy november. I am stephanie ruhle. I am tha matt miller. Erik is on assignment. We will be hearing from him throughout the program. We will kick it off with breaking news. Economic news. We have big numbers coming out this morning from the manufacturing sector. Michael mckee has the headlines in the newsroom. How is the heartbeat of america . It is beating very loudly and strongly surprisingly. We were expecting a decline in the index. To 59. , it goes way up we thought this was going down. We get a big jump in new orders, a 5. 8 jump. Also a jump in production up to 64. 8 and employment rises to 55. 5. These are really good numbers. Manufacturing had a slump at the end of the summer. Seems to be coming back strongly with new orders that should keep it going. They are starting to hire again. This is the kind of number that should make investors very happy. G
Down big on new sanctions from the president yesterday. Road map begins with microsoft cutting a massive 18,000 jobs as part of restructuring focused on streamlines operations. Morgan stanley merely beating the street and blackstone trounss expectations. We will break it down for you. Hug it out. Icahn and ackman make up, but the highlights you did not see coming up. Microsoft announces a Restructuring Plan in the elimination of 18,000 jobs over the next year as they look to simplify operations and align the recently acquired nokia hand set business with the overall strategy. This is a charch of 1. 6 billion in the next four quarters. In an email, the ceo said, quote, as part of mod earnizing the processes, the disciplines change making the decisions to change are difficult, but necessary. Guys, the expectations had been for somewhere between 6 and 12. This is more. Yeah. Its about 18 of the pree nokia work force of 99,000. I think why people like this is because what these job cuts ar
Spaceship. It disintegrated after a device to slow the spacecraft deployed prematurely. Pilot error is a possibility. The copilot was killed. The pilot was seriously injured. Known thatalways commercial space travel is an incredibly hard project. We have been undertaking a comprehensive test program for many years. Safety has always been our number one priority. We do understand the risk involved. We will not push on blindly. To do so would be an insult to all those affected by this tragedy. To takeon hopes passengers above earth. A big takeover in the advertising business. The worlds thirdlargest ad company has agreed to buy sapient. Moving on the new york city marathon. 50,000 runners had to deal with wind. 30 Miles Per Hour with the up to 50. The mens surge was won by a kenyan. The womens was won by another kenyan. It was freezing. It was cold. It was legitimately called. Cold. You did not see a lot of pain and agony in central park. Cold is better than hot, is my basic take. I trai
Quarter declined because people assumed health care was going to create a delay. Without further delay, lets go to scarlet on home depot. The earnings just came out, a beat, secondquarter earnings per share of 1. 52. Expectedthan bottomline number. Sales topping estimates as well. Depot confirms its fullyear sales forecast. Adding to its buyback program, overbillion Share Buyback the remainder of this year. He moved to engineer a higher earnings per share number continues. With adam parker joining us in the next hour from Morgan Stanley, use of cash. The pressure to deploy cash. You see that in the bhp billiton restructuring. What are we going to do to distribute cash to shareholders. 838 on the the 16 dow. A distinction between home depot and lowes, the Bloomberg Industries team pointed out sales will likely come in stronger. An estimateds 4. 4 . Home depot doing it more effectively than lows. Medtronic and t tj maxx report earnings as well today. Hasuple items of note it been 10 year
Congress would approve it. Im confident if we reach a verifiable and assures that iran does not have breakout capacity, that not only can i persuade congress, but i can persuade the American People that it is the right thing to do. Iran has said its new Clear Program is only being used for peaceful purposes. Here at home, republicans are stepping up their offensive against president obamaS Immigration order. Senator ted cruz of texas as the president can impose his own immigration laws unilaterally, the next president can impose his own laws as well. He spoke on fox television. For four to five main people here illegally, his promising to print up and get work authorization, essentially, he is gotten the job of counterfeiting immigration papers because theres still Legal Authority to do what he is doing. Ted cruz says he has a solution as long as the president S Immigration order is in effect, the senate should refuse to confirm any of his nominees except for crucial National Security