State of emergency in baltimore. He said the demonstrators had crossed the line. People have the right to protest and expressed their frustration. Baltimore deserves peace and safety in communities. These acts of violence and distraction of property cannot and will not be tolerated. Olivia Public Schools will be closed in baltimore and there will be a curfew. The death toll from that quake in nepal has risen to more than 4400 and its likely to get worse. There could be as many as 10,000 people dead. People are trapped under the rubble and rescue workers of not been able to reach remote villages that are completely flattened. People are living in makeshift tents. The cost of rebuilding will exceed 10 billion. Chinese consumers are flocking to the iphone. That has profits soaring at apple. Quarterly orleans raised 33 . Iphone sales in china outpaced those in the u. S. Iphone sales were up 40 . They are on track for their highest profit in three years. Brendan the dividend is up 11 . Bren
During conditions like this, it is extremely difficult to know how well get there. We do have teams in the area. Theres heavy casualties there and injuries. These are far, remotelying villages. Olivia heres what it looked like on mount he have rest the moment the earthquake struck. At least 19 people were killed there, including three americans. One of them was a google executive. The other two were a denverborn filmmaker and a seattlebased doctor originally from new jersey. Helicopters evacuated almost all of the 188 climbers who were stuck on the mountain. And Deutsche Bank is planning to make major cost cuts to revive its profit. Lenders are reducing costs. It will shrink its securities business and cut back in its ownership of its postbank consumer unit. One analyst estimates Deutsche Bank could cut about 3,000 jobs in its Retail Banking division, and even more at its Investment Bank. And Opening Statements are set for today in the colorado Movie Theater massacre case. James holmes
Friday. You are watching Market Makers. Olivia i am Olivia Sterns in for Stephanie Ruhle. Erik we have some breaking economic news. Mike mckee is in the newsroom. Mike wholesale inventories up 1 10 of 1 . The forecast was for a 3 10 gain and this is why it matters. The Commerce Department assumed a big gain and inventories when it calculated gdp. This suggests we did not get it. The ford strike represented a lot of delayed imports coming in and they should come in wholesale inventories. They are not, and that may mean gdp in the First Quarter was even lower than we thought. The good news, they are set to build inventories and we may see accelerated not only imports but manufacturing. It is a number worth watching. It does tell us where the economy is. Olivia michael mckee, thank you so much. The labor market bounced back last month, adding 223,000 jobs in the month of april. The jobless rate falling by 1 10 of 1 to 5. 4 , the lowest level in seven years. All this after a march jobs rep
Budged. Dow futures down by 6 half a points below fair value. The s p 500 closed another record high on friday. Nasdaq down by 9. 5. One Economic Data point of note, the National Association of Home Builders will release its Housing Market index for may. Thats due at 10 00 eastern time this morning. A little bit of news out of chicago, charlie evans, he says the feds should aim to boost inflation by keeping Interest Rates near zero until early next year. Evans is a Voting Member of the fomc and argues inflation has been running too low for too long. We just had him on. Yeah. Yeah. Exactly. Thats not new, is it . They have got the dual mandate. Right. We knew this was kind of where he was headed with things but people are looking at fed speak very closely right now to try to figure out. Did you see the fed futures in september pushing that of 0, thinking its less lick like dr likely. It could be negative in the first quarter. Could be. 5 for the first half. What happened to 3 . 3 . And
Connell have happened to you. Dagen lovely people, lovely flight attendants on american airlines. Love the people. Connell i am glad you dont focus only on the negative. Stocks of two which is positive as we have mixed Economic News which we will talk about with bob schiller, Alan Greenspan, peter barnes, Nicole Petallides starts us off from the floor of the stock exchange. Nicole you see the Dow Jones Industrials up 20 points. We havent broken through yesterdays highs. We had an incredible run, weeks of gains, an incredible year. The dow was up 23 , the s p up 27 and the nasdaq up 30 . The run continues and some names on the dow better hitting highs said disney, american express, a traveler to name a few. Take a look at tiffany, alltime highs for tiffany, a higher quarterly profit in asia, that is where way saw the strength for sales and raise fullyear earnings per share numbers looking good peer up 7 . Dagen to the storm that could wreak havoc on Holiday Travelers across much of the