Morning. It is the kind of flashback wall street does not want to see. A lower finish by the s p today would mark its first ninesession losing streak since december of 1980. Were coming off eight straight negative days for the First Time Since 2008. And then that jobs number of course showing lower than expected payrolls. But, jim, the wages suggest that unless more people come back into this labor force, its getting tight. Less slack. Thats certainly a way to look at it. I think that the fed has plenty of ammo here. They can say, listen, weve got job growth. Weve got people make a little extra money. I know theres another whole scheme of thought which is hold on let it run. But in an environment where they think these are emergency rates, these are not emergency job numbers. These are job numbers that you get when things are fine. Now, i know that theres an undercurrent in the election which says that one party is saying, listen, not only things not fine but millions of people are los
Getting reports on home sales. Andrew, good morning. All the way down at the stock exchange. Facebook shares getting a boost hitting record highs. The social times beating the street. The company says it saw an increase for both advertiseres and users during the Second Quarter. Well have more from analyst dean munser. Second Quarter Results fell a bit short. Cheaper Service Plans offered to customers without subsidized cell phone cut into margins. Were going to talk to an at t analyst in the next half an hour about that. There could be a bit of good news in there, too. Qualcomm Beat Estimates on the top and bottom line. The Current Quarter profit forecast came in below estimates. In unrelated news on the company, a Chinese State run newspaper reports china appss antitrust regulators report qualcomm has a monopoly. Also, gilliad, take a look at this, posting betterthanexpected earnings in revenue after the close. The company says its new hepatitis c drug has sales of 3. 5 billion in the
Minutes. Also we have two huge earnings reports that could dictate the tone for tomorrow. We have netflix and ebay due out in be aab an hour from now. Instant reaction from the market coming up on the closing bell. Also what is the single biggest mistakes investors make . One of the most successful Money Managers in a generation tells cnbc exclusively what that mistake is. And forget irobot. Instead, think i unemployed. Lets not think that. We will have a special report on the ro gres in robotics that has come so far in the past generation. What was the statistic we were reading . In the next what decade was it . Robots so replace 70 of the businesses that exist in this world right now. Thats incredible. It is, but its hard to actually think about that being the case. Its an interesting thought, but at the same time you can think about the way robots are augmenting and maybe opening up whole new fields of employment even. Exactly. But what does that do to the humans . What does it do t
Coming under pressure amid questions about the feds commitment to keeping borrowing costs low and the spigot open. Economic tests, key reads on jobs, inflation and housing and on the corporate front, really Important Quarterly results from dow component walmart. Its thursday, february 21st, 2013 and squawk box begins right now. Morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Stocks selling off late yesterday after the release of the fomc minutes. The s p and the nasdaq turned in their worst sess sessions of 2013 on the heaviest Trading Volume of the year. Not good news. The pain is not over yet. If you take a look right now, dow futures are down by about 61 points. S p futures off by about 7 1 2 points below fair value. Were going to talk much more about the fed with central bank watcher greg iff. Thats 7 00 eastern time. Walmart is likely to be a big driver of the market conversation today. Courtney reagan will be jo
Announcements would be made. The bigger news is this is a major shift in policy on cuba. They cuba embargo in 1953 will be lifted by this president. Normalizing relations with the country of cuba, a communist country in 2009 started that process with travel restrictions and also the ability with cubanamericans about to give9l. It included hope francis at the vatican with the president at the white house. President obama americas changing his relationship with the people of cuba. The most significant changes in our country, we will and an outdated and process failed to advance our interests and instead we begin to normalize relationships between our two countries. Through these changes intended to create more opportunities for the american and cuban people. Thbegin a new chapter. Theres a, the kid in history between the United States and cuba. I was born in 1961, just over two years after fidel castro took power in cuba and just a few months after the bay of pigs invasion which tried to