Dictionary. Com data base. To the markets at this hour the futures are looking better than yesterday yesterday. Theres green arrows across the board. S p futures are up by 6. 5. Yesterday the dow fell by 142 points dropping back below 18,000. S p down by 25 points yesterday but things are looking better. Nasdaq also up by 7. 5 points. Lets talk about the big stories were also watching this morning. Jobs the april adp employment report, the major focus for the market will be released at 8 15 eastern time. Forecasters say the economy added 205,000 private sector jobs last month. The ecb is meeting in frankfurt and greece likely to be discussed. There wonltt be a decision until the next meeting and they will appear together on a panel in washington. The discussion topic as you would imagine, finance in society. And yesterday we talked a lot about the dow has a couple of rough days. Its down for the year. Were having trouble making headway and yesterday i was watching apple and not as appl
As futures softened, but higher at this hour. Home builder, Toll Brothers, reported profits doubled last year. Hot prices continuing. A breach larger than target according to the security analyst of the possible hack at home depot. Investigating unusual activity. Apple reels from anger, samsung unveils new products in an event beginning right now in new york city. Rising on hopes of easing tensions in russia and ukraine, but they back away from the announcement that, in fact, a cease fire was reesed. According to the reports, president putin and the ukrainian president are, quote, close to a solution in the conflict and an accord could be reached by friday. Of course, this is taking place as the president has made his way to the baltics, essentially telling putin to watch his step. Right. Whats that mean for the markets . You got the news, and everybody went crazy. You thought, well, thats request Interest Rates went higher yesterday. Maybe the bonds or gold knew something. Again, ever
Docket. Well be getting julys Producer Price index. Well have august Empire State Survey. Geopolitics once again dominating Global Market headlines. Here is the latest on the situation in ukraine. Ukrainian officials are inspecting a russian aid convoy parked just beyond its border. The developments suggest easing of tensions over the shipment, but it could be short lived. Nearly a dozen personnel carriers showed up. Nuri al maliki stepping down amid pressure. The its still plans to target terrorists on the ground. Soda giant cocacola buying a major stake in monster beverage. Price tag, more than 2 billion. Monster had transfer its nonenergy business to coke. Rare news in the Retail Sector lately, a winner. Jcpenney posting better than expected same store quarterly sales. The Department Store had a loss, but there they are in the premarket. Allibab alibabas first used says it is going to work out. Alibaba completed its purchase of a media unit less than two months ago. Thank you, scott
Staples and childrens place, well break them all down for you. Paypal cofounder reed hoffman fires back at carl icahn and ahead of tomorrows big jobs number weekly jobless claims did decline slightly as we said. Well start with retail. As we mentioned three big misses, costco biggerthanexpected fall in profit as deep discounting during the Holiday Season hurt margins. Childrens place announcing an 18 drop in Fourth Quarter earnings. Highly promotional market in Severe Weather and then staples missed on revenues said its going to close more than 200 stores by the end of the year now that nearly half of its sales are generated online. People are calling it a triple whammy in retail and obviously tough news for obvious reasons. Disconcerting mostly by costco because costco when i saw the number, hey, thats not so good but when i read the release they were telling you they were unhappy with their performance. Its the new pattern where someone says, look, its not just the weather, we didnt
All right. Lets get more alphabet soup for you. In the u. S. Today, adp. The adp employment report is in the headlines this morning. Whats coming at 10 00 . At 10 00, well, we get the ism, of course. But also coming today so confusing. For adp, forecasters saying 178,000 private sector payrolls were likely added last month. Also on the agenda, we have weekly jobless claims, 8 30 eastern time. And the revision to the Second Quarter productivity and cost. Then at 10 00, as joe pointed out, we have ism nonmanufacturing and factory orders. Think if this is the first time you tuned in and you happen to be channel surfing weppi today too. Let me see what this Business News is about. They dont even speak english. What language is that . What is the dow doing . The dow . The dow. The markets, the dow is coming off its best day in more than a month. The s p 500 and nasdaq had their biggest gains in nearly two weeks. And auto sales. Huge auto sales. Jackson. See the numbers we had, 16. 09 millio