The stress test we told you about right here last night. Now, todays mixed Economic Data gave pause to the idea so prevalent over the past couple of days that the Federal Reserve will surely raise Interest Rates soon maybe even in june. Well by the close, the Dow Jones Industrial average gained 260 points today to finish at 17,895. Nasdaq rose 43 and the s p 500 tacked on 25. Stocks rallied despite a warning from the dow component intel. Chip maker slashed about a billn dollars from First Quarter revenue forecast. That move surprised the street and investors. Intel, the worst performing stock in the blue chip dow today falling more than 4. 5 . Josh lipton now with more on why the chips are down at intel. Reporter intel was the darling of the dow last year. Enjoying the biggest gain in the index. So far this year its a different story. One big reason . Weaker than expected demand for personal computers in the workplace. Thats a problem for intel, the company that controls the market for
Francine and im Francine Lacqua. Euro area finance ministers convene in brussels today. Greece will be front and center of their discussion. Greece is facing challenges on several fronts, the euro sliding as a debt payment is due tomorrow. Chancellor Angela Merkel faces domestic pressures to give up on greece. Guy Tom Mackenzie is in brussels. Marcus bensasson is in athens. Tom, what will this meeting deliver . Tom you might be thinking, here we go again. Greece faces some very concrete deadlines. That is a 150 million euro payment to the imf tomorrow followed by another one in june and a huge payment to the ecb in july and august. Expectations being dull down because of the tensions between the two sides. Recently the french finance minister coming out, saying that to reach an agreement, we have days or weeks. It follows comments by wolfgang schaeuble, saying, warning that greece could accidentally default. And Jeroen Dijsselbloem saying that greece has not done enough. Great Prime Mi
Environment today. Earth day started in 1970 making today its 45th birthday and attention sky gazers out there, aprils top meteor shower is here. Expected to peak before dawn today and again tomorrow. This is debris from comet thatcher. This could be the best part. No special equipment is even needed to see them. Just hope there arent too many clouds out there. Climate change. Earth day is not a climate day. I celebrate it. You should celebrate the earth. But are you sure the meteors arent related to the warming . You know the earthquakes from fracking i can sort of you know, i dont know enough about it but i could sort of see how that makes sense. Its a lot more sense than 100 of an increase causing all of these different things. Were going to celebrate it. We needed the earth. Are you an earth mother . Youre down to earth. A little crunchy. Youre not like a tevas. Every once in awhile i wear those out. Why is a shoe company trying to buy mylan. No that would be teva. So teva you were
S p futures up by 20 points and the nasdaq is up by 7 points as well after gains yesterday. We have two economic reports of note. The february Producer Price index at 8 30 eastern time and then march Consumer Sentiment at 10 00. Also two retailers are set to post Quarterly Results before the bell. Well get the Parent Company of ann taylor and the buckle and then theres a labor dispute to discuss. This could end the strike. It accounts for 20 of the companys total capacity. Some stocks well be watching today that might be moving shares of ulta ulta salon getting a boost. The beauty retailers Quarterly Results were better on the top and bottom line. Quarter guidance was also better than expected. Ulta salon cosmetics. Its like a make up and cosmetics supplier. Andrew and i should know about it. Given that were good customers. Were going to talk to the companys ceo at 7 40 eastern and aeropostale team warning that shares will fall short of estimates and zumiez its Quarterly Earnings falli
The stress test we told you about right here last night. Now, todays mixed Economic Data gave pause to the idea so prevalent over the past couple of days that the Federal Reserve will surely raise Interest Rates soon maybe even in june. Well by the close, the Dow Jones Industrial average gained 260 points today to finish at 17,895. Nasdaq rose 43 and the s p 500 tacked on 25. Stocks rallied despite a warning from the dow component intel. Chip maker slashed about a billn dollars from First Quarter revenue forecast. That move surprised the street and investors. Intel, the worst performing stock in the blue chip dow today falling more than 4. 5 . Josh lipton now with more on why the chips are down at intel. Reporter intel was the darling of the dow last year. Enjoying the biggest gain in the index. So far this year its a different story. One big reason . Weaker than expected demand for personal computers in the workplace. Thats a problem for intel, the company that controls the market for