Line, General Mills exceeding expectations. Prime minister netanyahu declaring victory in israels election. Tim cook explains why its okay that you dont flowknow yet why you need his watch as apple gets set to join the dow after the bell today. Investors bracing for the fed statement. See theyll drop the word patient. Janet yellen will hold a News Conference. Well have complete coverage of the fed decision beginning at 2 00 p. M. Eastern here on cnbc. Its being called the end of an era, end of the zerp era and end of an era that promises low rates for a given period of time. The word patience. The reason its important, if she does remove it it gives her flexibility to lay the groundwork for Interest Rate increase as if it werent a high stakes fed meeting, how about the letter from ray dalio, major Macro Hedge Fund strategist, talking about risks here. To be clear, we dont know nor does the fed know how much tightening will knock over the apple cart. What we do hope the fed knows, which
Is posed value. He also talks about the history of Silicon Valley the use of personal data by internet sites and what he thinks regular users of the web should now. Cspan where did you get this title, the internet is not the answer . Guest like most of my best ideas they did not come from me. The original title the original title, i cant say the exact word because this is a family show but epic fail. My american publisher did not like that tale because he thought it was too abstract. He had a long conversation with my agent. And he shouted, the internet is not the answer. There was there was silence and then i thought, thats a good title. Cspan i wanted to ask you the minute i read this book about the whole chapter. You talk about failing. What is that . Guest i i am sure you have been up to Silicon Valley. Very susceptible. The idea of failure. And of course the reality is the bigger success you are the more you post about failure. In one of the chapters i attended the conference. One
Un effect 3 powered by the sun to build batteries to power the next generatton of electric car, that is the tesla news and the stock is up little again today. This message will selfdestruct. Boeings slogan . They are building a smart phone packet. A gross insult from harry reid and most of the media berries it. Obamacare of our stories are all untrue so says the leader of the United States senate. From the irs can the los lerner says i will talk if i get immunity. What is that all about . Y oh why did we ever put j. C. Penney on deathwatch . That stock is up 20 day. Varney and company is about to begin. Stuart j. C. Penney, that organ music means we did indeed put it on death watch. But not so fast, not so fast because look at j. C. Penney, the stock is having its best day in 46 years, hoping for a turnaround, an upbeat forecast, they lost less money. We put it on deathwatch, Charles Payne has stood by j. C. Penney even recommending an on this program. Charles i felt better over the we
Take a look at europe. Whats happening across the pond this morning. More green than red right now. At well, you got about 3 1 2 hours or so before the european markets closed. And the roadmap starts with the markets. Stocks set to open higher this morning after posting a nice gain at the close yesterday but the one thing you really need to be watching this morning is the move in gold. Plus, earnings at nike beating the street but the stock slipping during trading thus far. Were going to break down the numbers and tell you exactly why the stock is moving that way. And ecking of earnings tiffany is slipping on weakerthanexpected results in the latest quarter, so why is the companys ceo touting record sales . Well, we have some answers. We also have breaking news this morning on the fed. Steve liesman is in washington with those details. Good morning, steve. Reporter scott, good morning. The minneapolis fed president who is out with an explanation of the dissent that is the very dovish.
And oil edged up 52 cents. Spring surprise for jobs the latest jobs report shows 288thousand americans were added to payrolls and the Unemployment Rated dipped to 6. 3 and, warren buffets Berkshire Hathaway corportion had an earnings miss, the 6. 6 earnings drop is mostly blamed on berkshires stake in insurance companies. In trader talk this morning, Michael Gurka of Bruinhill Partners is here to tell us if the market will be off to the races. Good morning to you. Good morning. Stocks struggled following that jobs number. Whats going on here . Clearly the market was looking for some type of at least economic rebound off the payroll number from friday. It maybe wasnt as so surprising as far as this better than expected headline number that really no one believes anymoreor the fact that the Labor Participation rate continues to escalate. I think more importantly what were starting to see is this premise that there is that theres a built in premise to the economy right now that things are