Agencies is off to a very bad start. To all those who tried and using the governments website an apologizapologycharged with set. Wto the millions of americans who shop and want to enroll for healthcare coverage i want to apologize that the website has not worked as well as it should. Reporter that was Marilyn Tavanner on tuesday. On wednesday health and Human Services director Kathleen Sebelius will be appearing to do the same. Cgi, the main contractor developing the website may have warned the Obama Administration that it wouldnt be ready to go live on october 1st. Either way this is what we know as of now. It needs until the end of november to fix the technical glitches on healthcare. Gov. Two months after the launch. All right, so now what we have to figure out is what happens after that. Its not really about the launch thats the most important thing. What the issue is what people are going to end up paying. To compensate for the delay the penalty maybe a good thing. I dont. What d
12,000, Government Cut their teen thousand mainly in local education jobs, sectors that hired last month include retail up 55,000, no surprise given the Holiday Shopping season, attempt agencies added 40,000 workers and manufacturers added 9,000. Ashley the markets climbing from the lows of the day but still in the red. Lets head to the floor of the stock exchange, Nicole Petallides. Kind obama mixed reaction to this jobs report. Nicole you get the jobs report and there was nothing great about it. It wouldnt have been great if we added more jobs and the Labor Force Participation rate showed improvement. It did not do that so it brought uncertainty to the moment, the economy is not as good as we had hoped. That said the dow jones industrials, 16,400 down 41 points and the nasdaq lower, the s p virtually flat at the moment and also watching other names overall, looking at the indices for the week, the nasdaq and the s p look like they will squeeze out some gains but not the dow. The dow
Treasuries went up. A little concerned, perhaps, about the stock market. Now, we know one executive whos presumably looking for a new job today, Tim Oshaughnessy saying hes stepping down this year. Living social is not publicly traded, but there are a lot of guess about them being questions about them being the big competitor to groupon. Target now telling us that its data breach was worse than previously thought. As many as 70 million customers had their personal information compromised. Target also lowering Forward Guidance. Its shares are moving down just a few percentage points, but its sears getting slammed today after it also lowered its guidance. That stock down more than 12 . A little later on were bicycle to speak to speak to sears public enemy number one. He took photos of empty sears shelfs. He says sears has gone from a sick patient to one who is now in critical condition. We, of course, invited sears executives to come on, they declined, so im going to fight brian. Theres
Time. You are back to school today. I am. Call it backtoschool time. Summers over, but does that mean the rally is as well . A tepid start to stocks kicking off the month of september. The s ps lower by two. The Major Industrial average down 40 and the nasdaq higher by 10 points. It didnt seem so long ago that the cruise industry was on the ropes with one mishap after another. Remember all those pr problems they had a couple years ago . Yeah, the smelly problem, the, mmhmm. Today it gets a big vote of confidence with news that norwegian cruise lines is buying oceana and regent seven seas, combined into a group called prestige. Its a 3 billionplus deal. And we will speak exclusively with norwegians ceo, Kevin Sheehan, in a first on cnbc interview coming up here later on the program. 400 for an apple watch . Recode is reporting that might be a highend price point for the longanticipated wearable that apple is expected to unveil a week from today at a major product event. What kind of fea
I know. Were expecting big ideas out of aspen from you folks today and, i mean, if nothing else, the view is spectacular as we always know this time of year. Yes, i am Bill Griffeth here at cnbc headquarters, where we are watching a final hour of trade not only for this day, for the, month for the quarter, for the first half of this year on wall street, and kelly, as we know, the markets have continued to move higher. This will be the fifth consecutive month where the dow and the s p have moved higher. And by the way, eighth consecutive quarter for russell 2000. I believe thats unprecedenunpr. Well follow these markets here. Well hear shortly from the president as well. Lets tally up the gains this year, take a look at our lineup of heavy hitters as well including David Rubenstein, former treasury secretary Larry Summers. Thats all from aspen. Later on the program, john calmo joining us. Could you want anybody else . Well, yes, were awaiting the president. He is about to make a stateme