Today, there were some positive signs for the sector which has lagged the overall economy since hitting a speed bump more than a year ago. Single family home fell only slightly in january despite all that snow in the northeast. While supply which has been tight, rose to its highest level since 2010. The pace for sales for december was also revised higher. Tight inventories and a lack of wage growth had been holding housing back but now the labor market seems to be gaining steam and Home Builders gain more traffic. Not just Home Builders but Home Improvement retailers. Today, lowes reported better than expected Fourth Quarter results driven by homeowners taking on big and not so big renovation projects. Shares did fall a fraction after the company expressed concern about rising Interest Rates, potentially impacting prose home buyers. Still, the company does expect existing homeowners to continue to invest in projects anhouses. Diana olick now on whats behind the surge in remodelling. Re
Untimely death. When its error after error after error after error after behavior that you cannot even begin to get your head around, you get mad. This morning, rivers talks about her lawsuit and her legendary mom. And back to where it all began, savannahs in australia, the country where she was born, taking her mom on a very special journey. Can you hear can you hear that thunder this is the room that you took your first breath in. Oh, wow today, monday, may 4th, 2015. Announcer from nbc news, this is a special edition of today. Savannah in sydney with matt lauer live from studio 1a in rockefeller plaza. And Savannah Guthrie live from sydney, australia. And we welcome you to a special edition, split edition of today on a monday morning. Savannah is in the land down under, sydney, australia, where it all began. Savannah, good morning. Reporter good morning. I should say good evening. Its 9 00 at night here in sydney. We have a beautiful evening. Not a bad view, right . You saw it as th
Lowest level in four months after retail sales were little changed in april. Stephanie alibaba announced they would be working with walmart allowing customers to use it mobile payment service. No cars, check out with a beep of your smartphone. Increasing prices in japan, australia come over the course of the next year. The new yorkbound amtrak train that derailed into philadelphia was traveling at 106 mile per hour just before the accident. That is more than double the speed limit. Go pro billionaire founder and ceo has fulfilled a promise he made to his College Roommate 10 years ago. He was given 4. 7 million 4. 7 million of the companys shares costing 229 million. Erik more headlines this morning. Iran will top the agenda when president obama meets today with leaders from six persian gulf nations. Some of it is taking place at camp david, the president ial retreat in maryland. They will try to work out an agreement caused by the u. S. Negotiations with iran over the nuclear program.
I am Erik Schatzker. Stephanie i am stephanie ruhle. Erik breaking news but last big piece of Economic Data before the jobs report, julie hyman is in the newsroom with the headlines for us. Julie the expectations were not very high going into the report, but the number is coming in that are than the estimates with a rise of. 2 . This is the fastest rise weve seen since last july, and we have seen this downtrend as of late, a drop of. 3 was what was estimated, however, there is a dark spot, and that is the revision. The month earlier revision for january, the number revised lower to. 7 drop from. 2 , so that may be a watch if you look at all things considered. The fact is we broke this losing streak and it might be viewed as a positive sign by economists and the market as well. Erik julie, thank you very much. Lets not forget the jobs report and special coverage here on Bloomberg Television. Stephanie and the top business stories of the morning. Firsttime claims for jobless defense have
Even with what we heard. I think what the greek government wants and European Partners wants are great Different Things. All sides are so scare of the possibility of a crisis if the greeks were to leave the euro. Theyre willing to do a compromise which is kicking the can farther down the road and not a real compromise, but a short time solution. Betty the greek official says the government should have enough money to get through the week so far. Warren buffett says the new ceo of Berkshire Hathaway must be more than a stock seeker. He spoke in a annual meeting and omaha. He is unlikely to back someone who has expertise only in investing. He also will support someone who has operational experience to succeed him. You might need a scorecard soon to keep track of the falcon president ial candidates. To outsiders are joining the race today. Former hewlettpackard ceo Carly Fiorina is in the running. She made the announcement in an online video that was just released. That she had the mornin