Record highs for stocks, jobless claims out. Mario draghi speaking now in frankfurt. Cbs revealing terms of live treeming. Tesla reports record deliveries. Losses mount. Both stocks are in the green before the open. A lot for investors to digest this morning. The ecb keeping its benchmark Interest Rate at record lows. Ecb president draghi says the central bank expects to increase the size of its Balance Sheet toward 2012 levels. Opec cutting its Production Forecast project the it would fall by 2017. In the states, did fall. The Second Lowest level this year. Comes ahead of tomorrows key october jobs number. Between gas prices, jobs market, the market, politics, things are suddenly working in ways they werent a month ago. I had the ceo of Marathon Petroleum on. He is the best keeper of the number. Has 8,000 gas stations. What was so incredible was he said youre just not being bullish enough about what happens in this country when gasoline goes down. Maybe youre not bullish about whats h
Melissa sop triumphant headlines today, celebrating middle class comeback. We dug into the numbers and were holding off on the party hats and balloons. A new study find that Median Household Income did increase this year but it lags the nearly 5 behind prerecession levels and even worse, the middle class is now earning less than when the recovery began five years ago. Here to discuss, very own charlie gasparino. Dan schaefer of schaefer Asset Management and Dominic Tavella of diversified financial. This one of the class being things, everything has gotten better, you look at like the chart we had, nothing like what twas before the recession. We have than at screen as well. One of these Election Year things that some leftwing group puts out before this is election that will be largely about the economy still being sluggish. They try to gloss over it. Like unemployment statistics. When you look at unemployment numbers theyre going down, right . But if you look at people underemployed or
About a lot of different things. Well bring you thoughts on the economy in a few minutes. Also well sit down with the berkshire managers and talk about their business now. We have the leaders of net jets our yennal tradingoriental trading and others. Its a busy morning but i know you have this mornings top headline. The top headline is your lighting. You look spectacular. Perfect. Can you get some tips from those guys there. Theyre just probably Walking Around setting up did you ask them how they do it. They spent all night setting up these beautiful lights. These are our guys and theyre going to come back with us. Shes glowing. Those are our guys. I think absence makes the heart grow founder and you guys miss me. Youre so nice and political. Your skin is radiating. Politically correct. Im not look. Thank you but look around. This is a big empty lots of people are going to be here and maybe it helps to be the only person on stage. Were jealous of your lighting. Back to this. You been d
Apple. Liz apple has an 18 waning. If they continue their slide, looking ahead about 1 today, but if apple continues a pretty dramatic slide, watch this etf, you could suffer bigger losses. David nicole talk about bank of america. Seeing a bump topping 10, the first time thats happened since july 2011. Whether it is directly related to what happened to citi, almost 8 jump, but they may be something going on with bank of america by itself. We will look into exclusively in the next hour. Liz the biggest copper producer taking a dive today after saying something that usually helps the company. The move lower sent two material etf down. This is 8 of the fund invested, and also more than 8 of the fund invested. Moving just a bit higher. David lets take a look back at los angeles, we have people returning to work at the port of los angeles. After very costly strike costing a billion dollars per day. Coming up, the mayor is going to be joining us live, talking about the ports, the drive to br
Ever before. Good morning. Look who is back. Summer vacation is over and here is stephanie ruhle. Thrilled to be here. Month. Been gone for a a lot of news happened while i was gone. And some crazy stuff. Some of you have been seeing these on twitter. Thererazy super fan out made socks. I was hoping to wear these today in honor of your return. They are really designed maybe there are are hand warmers. They are stretchy. You can see the picture. I never wanted to have my face against eric buseys sweaty feet so much. Thank you, that super fan who ordered these. Matt miller. Down to business. Economic indicators. Manufacturing data from the institute of supply management. Fors go to Michael Mckee more. You expect me to follow the sox . The news we have may not be as exciting but it is very good news for the u. S. Economy. In 59. More than expected and the highest since march of 2011. Hers rise to 60 67 from 60 34 yard production up to 60 45 from 60 12. This may be the peak. It is hard to