One continents richest person. First to sue at the new york stock exchange. We have a triple digit advance, but mad moneys jim cramer made a very passionate case warning against three groups of stocks. Well talk about that in 30 seconds. First jim in his own words, as nobody makes a better case than he does. The first group is what i call the amazon army. How do companies enlist if she swear to grow revenues really fast and not worry about turning a profit, since for the long time the market provided they had excellent revenue growth. The second kind any stock in an area where there have been a ton of initial public offerings, consider them landmines. Finally the third hazardous, biotechs. So lets talk about that with bob pisani whos here with me, and dominic chu because in e. C. , dom, im going to start with you. You heard the danger list. Do you agree . You know, its interesting now, when we talk about that, cramer is absolutely right, but the question is whether or not they all happ
Infrastructure, health care costs. I can go on and on. Even the guns issue. The show is over. Thank you for being here. Its a pleasure. Thank you, david. Have a great weekend, everybody. Right now its time for squawk on the street. Good friday morning. Welcome to squawk on the street. Im carl with melissa lee, jim cramer, david faber at the new york stock exchange. Lets look at futures on a friday morning. Mild action here. We are paying attention to the mutual fund inflows. As for europe, disappointing Industrial Production numbers in spain and the uk. But the euro is at a ninemonth high this morning. We begin with the s p, a fiveyear high. A lot riding on Bank Earnings. The reports not perfect. American express joining the list of financials that are cutting jobs. Best buys troubles continue. Theyre not the only retailer under pressure this morning. Jcpenney capping a bad week. Boeing under official view as a probe is taken on the plane. A cracked inshield and oil leak. Remember a ch
The carmaker warning on profits and analysts cutting their price target on the stock. Well start off in the financial sector. Santander posting a drop in nine month profit in its domestic market. Profit for the first nine months, 1. 8 billion euros, down 66 compared to the same period last. 90 of government enforced write downs have now been completed. A sxchlt a thinks it will meet full year targets. Revenues up 1. 3 in the period. Strength in property and casualty insurance. And Credit Suisse is targeting an extra 1 billion extra francs in cost savings after posting a slide in Third Quarter earnings. The ceo has been speaking to carolyn roth and she joins us from zurich. What kind of mood did you find mr. Dugan in . Hes always pretty upbeat, and he always talks business, but thats his job. The numbers for the Third Quarter werent so bad. Yes, on the bottom line, we did see a slight miss because net income only came in at 254 million swiss francs versus expectations of 370 million swi
Welcome to worldwide exchange. Im kelly evans. And im ross westgate. These are your headlines from around the world. Slowdown in germany wore worse than expected. Annual gdp came in at 4. 7 . Urging for actions, president obama and tim geithner say Congress Must raise the debt ceiling or cause irreparable damage to the u. S. Economy. And jump t to the top of the ftse 100 after Third Quarter revenue beat the forecast, burberry had earnings higher than expected. All right. Sorted out my mike issues. Worldwide exchange is slightly different today because were analyzing the first german gdp numbers. And i come to the u. S. Where its all annualized and we stick to the European Data and its quarter on quarter. Given the context, were still working through what all that means. Exports in november, down 94. 1 billion is where we essentially went. 98. 4 billion was the october numbers. So exports in november driving down. And that gdp number is worth pulling out. Exports for the year, up 4. 1 .
Hello. Welcome to todays Worldwide Exchange. Im ross westgate. And im kelly evans. These are your headlines from around the world. Costly cleanup, deutsche posts a bigger than expected Fourth Quarter loss. Santanders profit dropped as it sheds real estate assets. A different story in japan where the stock market rally helped boost things in the Third Quarter. Nomuras financial profit is up ten fold. Earnings fall short of expectations, astrazeneca warns of a tough year. And boeing is sticking to the flight plan as its outlook rises. All right. Welcome to todays super thursday. I was going to say, if you thought the super bowl didnt come until sunday, you clearly are looking at the wrong kind of event. The financial markets, its all happening today. Tons of earnings. And jobless just. Posted according to the labor office, the jobless change according to the reuters forecast was to increase by 8,000. The Unemployment Rate, i believe, improved in january. 6. 8 versus 6. 9 in december. The