This is real money. You are the most important part of the show, so tell me whats on your mind by tweeting me at ali velshi or hit me up on facebook. This is all about location. I usually bring you new national job numbers that the government puts out every month, but the Labor Department also compiles figures at the state and local level. Today we got new job figures for 372 metropolitan areas all across mark for april. Now while we reported earlier this month that the National Unemployment ratedont look at this. The National Unemployment rate fell to 6. 3 . But we learned that it was lower than that at 5th 9 . Thats versus the National Rate of 6. 3 . Which ever you use, the story is the same. Jobs are coming back and unemployment levels are going down. But where youre looking for a job matters. Look at these areas in red. These are locations with a local jobless rates are higher than the average for all metropolitan areas in the United States. As you can see in big urban centers in t
They have abandoned their 35 billion deal to create the worlds biggest advertising company. Both Companies Say they could not overcome obstacles that delayed the process. For more, lets get right to Martin Sorrell. Thank you very much. How are you . I am good, thank you. Are you feeling a sense of schadenfreude today . I would not know how to spell that. Anyway, i do not think we are surprised. Thingy 7, when the whole was announced, we said it was strategically and structurally challenged with regulatory problems. Surprised with the speed with which it fell apart. We thought it would go through to july 27, when the 500 million feet would lapse 5 million fee would lapse and both parties could walk away with their tails between their legs. I think we said it was strategically and structurally challenged and that has proven to be the case. Or martin, when i started in business many years ago, i was always told that there is no such thing as a merger of equals. Does this prove the point .
Its top executives. And kelvin natural slush. 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 purchase of lorillard for months but apparently the efforts have been stymied. Those talks are said to have fallen apart on several occasions. And thats a look at some of
But holding at the 36 level. She is on the hill for another round of congressional hearings on those recalls. Just listen to what she said earlier this morning. Those of us who dedicated airlines to this company, it is enormously painful to have our shortcomings laid out so vividly. There is no way to minimize the seriousness of what mr. Lucas and his investigators uncovered. Stuart she said that before, laying it on thick this morning. Bill harlow is with us, good morning, bill. Mary baras images import to her, the company and america and it is on the line. What is your judgment of performance. So far, i think that she is doing pretty well. There is so much information coming out. More recalls, it seems like every day. I think she is doing reasonably well. Stuart she has answers today. Last time, she did not have answers to the question. Why the delay in compensating victims. To some degree, she is ahead of the game. She, after the last hearing, said we are just starting and investiga
Erik schatzker is in colorado. We will hear from him in just a moment. We do have some breaking iso manufacturing data. Lets go to Michael Mckee. It looks like it is a little and versuss estimate may. Although the numbers underneath are not bad at all. Were talking about a fairly high reading to begin with. We were 50 54 last month. Month. 55. 3 this an elevated number. The new orders index goes up to 58. 9 from 56. 9, suggesting we will see strength ahead. Good news for the economy. The production number changes hardly at all from 61 down to 60, but that is a very elevated reading. The one everyone is watching, employment and. Similar to last month, 52. 8. We did see job growth in manufacturing last month. The forecast are we will still see job growth in the month of june. All in all, a decent report, even if the headline doesnt maybe live up to what economists had hoped. Were seeing the s p around the highest of the session. Thank you, Michael Mckee. Erik schatzker is a beautiful col