Market stocks set to open at more record highs this morning as we move closer to the end of the year. The deal is finally done. Apple signing a landmark agreement with china mobile, the Worlds Largest phone carrier. Analysts estimate this could help apple sell as many as 20 million additional iphones in china next year target sales suffering this weekend despite trying to make amends after credit and debit card information was stolen from as many as 40 Million People. Targets apology missed the market. We are joined by Dan Greenhaus. Stocks are taking aim at history. Futures on the ridese. The dow and s p on the way to rise. The s p and nasdaq each turning in their best weekly performances since october. As sarah said, dan, when we first came in this morning, we actually have a lot to talk about. We have echos of gdp on friday, lagarde raising instead of cutting her forecast for the u. S. We are going to see a pileon this week . I couldnt call it a pileon. There is certainly a lot more
The Company Similar porting its food truck business for frozen drinks into restaurants and supermarkets around the country. All that and more over the next hour. But first, lets get headlines from my radio cohost. Thank you very much. Hewlettpackard is cutting more jobs. The c. E. O. Is pushing forward with a revamp of the worlds second biggest p. C. Maker by eliminating 11,000 to 16,000 jobs. The cuts come on top of the 34,000 reductions already announced. Meantime, the gap reported First Quarter profits at exceeded analysts estimates. The retailer was helped by sales of lowpriced clothing and athletic gear. Same store sales rising 9 in the month of april with an 18 jump at old navy. And Reynolds American which is the maker of camel cigarettes is said to have explored the monthse of lorillard for but apparently the efforts have been stimied. Those talks are said to have fallen apart on several occasions. And thats a look at some of the top headlines at this hour. Back to you. Thank yo
Europe is down for the second consecutive day. Our road map begins with jcpenney, a pleasant october surprise as comp sales rise for the month. Trends look upbeat for the month and is giving the stock a big boost in the premarket. Deere jumps on quarterlies but lowes falls. And youre going to want to hear what yahoo Ceo Marissa Mayer had to say last night in San Francisco. Well have that for you. Shares of jcpenney up sharply despite a wider than expected quarterly lost. Mike ullman says penneys is encouraged by the open in november. Theyre talking 2 billion plus in liquidity, sequential increases in margins and comps. There was a whisper around they would lose 2. This is the agabeginning what i have would call the normalization of jcpenney. Theyre going to go back to being nothing, just another retailer. Theyll be like kohls. Well talk about jcpenney like kohls. Main thing is you want to buy pvh because they were the supplier that stuck with the previous guy. Notice i didnt call him c
To save money now, it might have seemed like 23491930s in the 1930s we were saving a lot of money on defense. It ended up costing the world a lot more. This is actually a moment where congress by itself cannot do the job. You really need president ial leadership to explain and justify to the country whats at stake. And i have to say theres not really i think franklin roosevelt, that is his finest moment is that he really did work on persuading the American People that they had to bear a burden to make sure the world came out a certain way. And i think thats the responsibility of the current president. I worry that theres a lot of war fatigue, but we are actually going to regret giving into it. Just final, final footnote, actually not so much in this current, i mean, the old today, but there was a similar one that came out in pew a couple months ago. I have a colleague here whos spending some time actually going through the pew data, and there is that headline which is, you know, wed ra
Cpac. I want to make a couple of announcements seized silence yourself of this. Your cellphone sam personal recordings are forbidden and there will be a book signing crowd members of the panel right after this session for our i have to tell you that if you buy the book you buy it upstairs in the lobby bin the siding is across the street across the street. Once again welcome. We are privileged to have three authors to of taken very different approaches to record and analyze the financial crisis began in 2008 and the many effects political influence lobbying and misdirection to avoid the of regulation and oversight to avert the financial crisis of a few years ago in and to keep it from happening again in the future. On my left end to my left. [laughter] and just this week . Nomi prins her book is all the president s bankers. A former wall street executive that is in for the New York Times and fortune and the nation and that is of Broad Spectrum of publications in the united states. Her b