Kingdom. And ahead, the future for the Company Formerly known as twitter. We will sit down with x corp ceo coming up in the next hour these are numbers that you want to see if youre bull earlier this week there were a number of articles about how we overbuilt apartments and theyre about to come on if thats the last sicking point, the fed cant dough claire victory i think they should do one more just because you want to be sure that the vampire doesnt rise up but this is going jays way. Its not a soft landing or hard landing, its a glide. And the dichotomy, i think that theyre fanciful and speaking more fiction than fact it will be welcome news to those who are long, for example, fang or what we like to call the magnificent seven. Were down, what, 4 and theres negative news out there for nvidia someone saying they cant deliver all the chips. Youre not allowed to say true or false it is not a great move for fang. I do think the trade desk made me feel much better last night for alphabet.
The latest on ukraine. Michael mckee previews president obamas move to expand overtime pay. We begin with peter cook on capitol hill. And stanley fischers confirmation hearing. Good afternoon. Did he receive a warm welcome he did. Ho there is no doubt that he will be confirmed. By the full senate. Senators today particularly impressed with his resume. They have been since the president first nominated him. He is a legend in the economic circle. As centralears governor for the bank of israel and pressing senators appear on capitol hill. It is his resume that grew the most intense questions today. His time at citigroup. He spent three years with the bank on wall street and he was questioned about that by Elizabeth Warren. Of wallo big fan street. He defended his time at citigroup saying it made him a better central banker and regulator. Without that experience, i not have seen the inside of the bank. I thought that experience was extremely valuable. Toughestas about the moment for fische
Despite the mixed messages, despite those numbers that showed basically a flat economy in the First Quarter of the year. Amd, target and targets ceo steps down in the wage of a big data breach. Who will take over . Why does there seem to be a ceo vacuum in retail right now . We look at who could be the next generation of retail leaders . First, though, sue is in the house. I am, ty. Glad to be here. Investors on a pretty wild ride. The dow was down triple digits earlier in the session, but we have come back considerably, but right now were down about 12. 3 points, down 0. 61, and transports are down 30 points on the trading session, just about a half a percent, and the tenyear note, the yield is 2. 60 . Why the reason for the comeback . It looks likes four is the new three when it comes to the u. S. Economy. Steve liesman has more on this bullish sentiment despite the mixed data. Well, that friday jobs report continues to echo today is several economists upping their growth forecast. S
Focus on is alvaro mayo. They are just now in the process of earning over there first offering for the u. S. In 10 years. It should be a lot of fun to drive. Plansave very ambitious for this brand. Some analysts have said that he will want out Phil Roe Mayo to be the fiat audi, meaning it will be attainable, but a luxury brand, likes volkswagen. Remember, it took volkswagen 15 or 20 years to achieve the kind of success it had been audi. Very expensive to do that kind of thing, it takes a lot of funding and it will take a lot of years. He is expected to say, today, also that he wants to get jeep to be an international brand, really start selling it more in china and that he wants to continue his plans to boost the sales of maserati. Those three brands are what we are expecting to hear him focus on, although he still needs to form an identity for chrysler and dodge, two brands that are left floating after the whale took over. A lot of moving parts here. Fiat has nine different car brands
Keep crying all day. Well get through this. A week from black friday, a double dose of retail reality today with two big retail ceos. Apparel companying ipo today, up better than 40 . The ceo jill granoff is here with us. They left money on the table. I tell you. And Brendan Hoffman will be with us, operating 260 department stores. Looking forward to both of these interviews. When is it time to cry uncle . Bill ackman is down 500 million on his herbalife short position. Hes not down yet. Well ask a top investor when you need to say enough is enough and admit you were wrong. In the markets, lets take a look at wherer with we stand. The Dow Jones Industrial average up 0. 25 . We have been trending higher. Sitting around the highs of the day. Nasdaq composite showing gains. Technology doing well with the nasdaq up 20 points. At 3990. The s p 500 looks like this. Gain on the session of 7. 5 on the standard poors. Joining us on closing bell exchange, ann, michael yoshikami, rich peterson, a