Gm said it expects to take a charge up to 750 million in the First Quarter, mostly related to the costs of recall repairs. Shares of gm, theyve come off their highs of about 42 million a share, now trading at about 34 a share. We will see what happens to that stock today at she begins to speak at gm. In just a few minutes, weve got represent michael burgess. Hes going to give us a preview of todays hearing. I still dont know if this is theater or what you can get from Something Like this. Its hearing her, the first thing i thought of was its good for her to be able to say that, but talking about an entity, were not talking about an individual. But it does help when the individual is sort of new and wasnt here for that. You can sort of say from now on, gm will be like this. And this is the past. Im here now. No longer going to be like this. So that is an advantage. And i thought, how many more heads up for this . You figure not hers, but well see. 750 million, i thought, wow, for gm, th
The 17,000 mark, we should add. Pressure across the other indexes as well. The s p 500 up almost 10 points to 1,978 aramafteramaicing new this week. And remember, amazon is about 13 of the nasdaq 100. Lets get more on what was wrong with visa and its responsibility for a lot of the dows decline today. Heres Mary Thompson with that story. Mary . Hey, there, bill. Visa is off the lows of the session, but the Payments Processing giants stock is the biggest loser among the dow 30, this after the company lowered its revenue forecast for the full year. The strong dollar and decline in crossborder payments revenue, payments made in one country and used in another, behind the lowered outlook. The crossborder business impacted by unrest in the ukraine and rising political tensions with russia. Heres cfo Byron Pollitt on yesterdays Conference Call. We see no signs yet of any acceleration in economic recovery and crossborder volume growth remains soft in the midsingle digits. Visa earned betterth
We are. We got a papal disconsent im sue herera in for kelly evans. Kelly will be back on monday. Were watching a market that is having a rough week, as you know. Its been very volatile, but its trying to end on a positive note, and if it closed right now, it would be positive. Well take you through the final hour of trading. Plus, we have these stories also ahead today. Is the consumer sick or are some retailers, though, using them as an excuse, as they might do . Right. Are they blowing it . Are the consumers doing the weather . Theyre pinning their problems on the shopper. We dont know if thats appropriate or not, but were going to debate it. Rentacenter, the Container Store, walmart, all of them saying consumers are hurting them and their bottom lines, but is that legitimate . Were going to take a closer look at that. Ah, yes. Meanwhile, wells fargo, the nations biggest Mortgage Lender. So, when its newest chief Financial Officer said in an interview people are just not buying home
Yeah. Dow still negative by 55 points. It was a sleepy summer session until the headlines began to cross. Look for confirmation of exactly what happened. As we head into the final hour of trade with the dow off 55 points this hour, take a look at the nasdaq as well trading higher to the tune of seven points. The s p 500, roughly unchanged, off by just under two points. Joining our closing bell exchange, Gerard Fitzpatrick from russell investments. Ken, chris from Jk Investment Group and rick from cnbc along with michelle who has been leading our coverage on the situation at the Ukraine Russia border today. Michelle, any sort of subsequent headlines after these early claims today by the ukrainians they had tracked and destroyed Russian Military vehicles moving into their territory . Yeah. For sure. Russia is denying they had any vehicles there. After 10 00 big dive in the markets. This gentleman came out, hes a military spokesman and he said what youre talking about, they had destroyed
Support from young people. Because the obama care website is in such bad shape, the government now has offered to bail out Insurance Company profit and losses, and in a possible second bailout, provide the insurers with guest estimates of health care subsidies. This whole story has gone haywire. All right . All of this and more coming up on the kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. Were live here at 7 00 p. M. Eastern, 4 00 pacific. President obama tries everything we can to get the attention away from the obama care, anything. Today he went back to his old stand by, the rich. For more on the president s remarks about, quote, income inequality, end quote, lets bring in nbcs own steve handelsman. Steve. Reporter larry, thanks. This was president obama trying to refocus on helping the middle class that he said relative to the rich was in a long, slow slide from the 1970s and seemed to be doing better when housing and wall s