Melissa markets seeing green despite the economy sinking into negative territory. Gdp is contracting for the First Time Since the First Quarter of 2011 as Business Investment and profits decline. Here to discuss all this, charlie gasparino, Small Business owner, Clint Greenleaf and wall street journals veronica daguerre. What do you make of this gdp contraction . I dont think it was tremendous surprise given the wouldnt der melissa bigger than what people expected. A full percent, thats bad it was bad. We had such a rough winter and the market is forwardlooking and i think some of this is already factored in. But i think it is, well be looking ahead to see whats going to happen, what kind of job numbers are we going to see Going Forward when looking at all the data. Melissa everyone is blaming the weather. Theyre saying the Second Quarter will be a lot better the do you buy that claim . I dont buy it. I think so little of the economy rests with weather. 1 , that is huge problem. Meliss
Stuart here it is. The monday morning highlight reel. Roll it, please. The hype over the new galaxy. It is over a new feature. Scroll over new pages just using your eyes. Now all of a sudden it will be able to read my eyes . There has to be something negative about that. Stuart they have replaced apple. Apple used to have the buzz. Go for samsung. Charles you will get eye strain stuart maybe connell can explain, perhaps. It is yours. Connell thank you very much for that. The fouryear anniversary of the bull market. Well show you today what may keep those old running for the rest of the year. How do you work . More and more people using public transportation. This may be a Welcome Development for many people, more employers are offering a naptime for their workers. Dagen hi there. When in doubt, holler. Connell we have some breaking news coming in. Dagen blake gasparino joining us now with the story on the phone. Charlie i wish i could be with you to do this. This guy is a very prominen
David off the kefk. Desk. They are lowering four cases of their wine one of their best to the bottom of charleston harbor. The look how sway motion of water, temperature, impacts the aging process and of course the taste. They will retrieve the wine in three months and have it chemically tested and tasted by experts. I wouldnt mind trying that, sandy. Sandra the number one thing to watch will be the markets. S p is on track to break six weeks of gains. The longest winning streak in more than two years, david. David money is next. Im adam shapiro in for Melissa Francis. Heres whats money tonight. Red alert from walmart pound its bottom line and customers. With consumers are pulling back should more businesses duck for cover . We have a money power panel of Business Executives to give the real story. Plus, now just seven days until the sequester. The economy already lies in its crosshairs. Is your 401 k even more at risk . Why you may want to check your portfolio. And well drink about an
today and also moving forward and trading stocks as they are. good morning. nicole: it is a day of remembrance. this morning we had a moment of silence and we see many folks coming here today, families and also those in service in their uniforms. it is a day to remember, september 11th. what we are looking at now in the dow, up 85 points, erasing yesterday s losses of over 50 points. i want to take a look first at some movers, though. looking at the luxury retailer coming out and just having to cut their full year profit numbers and big drop, biggest drop since their ipo back in 2002 for burrberry burberry. it is down 20%. it is taking other luxuries down with it, such as polo ralph lauren. zuckerberg will give an outlook today. take a look at mcdonald s, global same-store sales have been on the rise, didn t meet expectations but have been rising. back to you. connell: thanks nicole. dagen: house speaker boehner saying he s not confident that congress can avoid the fiscal c
across the country. take a look at the red quarter. temperatures expected to reach 104 degrees in parts of texas today, in the southeast, temperatures are expected to reach the upper 90s and more than just uncomfortable, it s dangerous. heat has already claimed the life of at least one person in illinois and adding to that, the heat is causing drought conditions in the deep south to intensify. also this morning, hundreds of thousands still without power in the chicago area after strong thunderstorms rolled through. officials warn the power there might not be back on until saturday. let s go live to rob marciano outdoors this morning, silly rob, in atlanta s piedmont park. sun still not up, so it s still probably manageable there. but a lot of the south waking up this morning to 80 degrees overnight or higher. yeah. that s the thing. really hasn t cooled down much overnight, ali. even if you re out before the sun comes up you re still feeling it. it hasn t been so much the r