Tenyears popped to a little past 183 after the big of the sell off selloff for bonds oil up 19 in the last four days. Ahead of the jobs report friday. Adp, lighter than estimates. It is official staples buying office depot, 6. 3 billion. An Office Supply giant created but questions on antitrust. Earnings from gm disney chipotle stocks making big moves in the premark. Futures falling, the morning after the rally which the dow jumped 305. S p nearly wiped out all of last months prices. Oil prices pulling back following surge. Wti crude above 53. Ahead of the jobs numbers friday. Adp said private sector added 213,000 jobs in january, below forecast although december payrolls were revised higher just another macro data point that failed to impress, at least, markedly to the upside. Eurozone retail numbers Third Straight best in seven years chinese stimulus program, very real. Im absolutely convinced, once again, the reason weve been having this rally is because of overseas. Can oil pull ba
Consumers but the opposite still seems to be the case. This market likes it when oil is moving higher. Last thursday lets all recall oil hit a low of 43 and change. Now were almost 10 above that right now. Almost 25 gain. I will mention Brian Reynolds just hitting the tape saying he thinks this will help stocks fend off some of the weakness we have seen wreryeartodate. There is certainly a lot to watch. Not clear at all just what this move will even. Aetnas sew Mark Bertolini is joining us in an exclusive interview. Why theyre raising their outlook plus well ask him to weigh in on the controversy. The vaccine story was a big part of the show yesterday with kellys interview with senator rand paul. Disneyland in california was kind of ground zero for the measles vaccine debate with that scare out there. Bob iger will be here after his companys earnings are released tonight. Well get his take on all of that. Im sure im sure that bob will have something to say about that. Here is where we
Pipeline on shore and hasnt stopped at this point. Crews are trying to contain the mess. Right now lets get to the market business of the morning. You can see this morning the futures are missed. Up by 5. 5 and nasdaq down by 0. 5. They say the country will not be able to make an imf payment due without its international lenders. The euro hitting a two week low on renewed concerns about athens debt and in Corporate News the Justice Department expected to announce a settlement with five of the worlds biggest banks. Theyre accused of rigging the currency market. Fines are seen topping 5 billion. The first out of the gate. The swiss bank says it will plead guilty and pay 545 million to u. S. Authorities. A possible change in u. S. Tax regulations would effect the spin off in alibaba. Its working toward the plan spin off in the Fourth Quarter and ads it understood the irs statement was not specific to the company. It was a statement made yesterday about shifts in how they were going to be
He says the q1 data was, quote, notably weak. The march picture march jobs numbers brought the jobs picture, quote, down to earth. Now, he does talk about this issue, was it partially explained by trance tore factors, we dont know yet but lower gas prices havent as expected boosted consumer spending. He says net exports are down as a result of the strong dollar and manufacturing has softened considerably. He does see growth picking up in later quarters but he says the evidence of that is not yet in the numbers. I guess ill throw back to tyler or mandy right now but this is a bit of a change in my opinion from a guy who was talking pretty confidently about june to september now saying you know what we need to wait and see a little bit. Steve, thank you very much. Mandy and i are both here by the way, welcome everybody to power lunch. Lets go down to dom and see if theres Market Reaction from these remarks. Youre not seeing a whole bunch of reaction but the dow industrials still here off
Homes in the neighborhood. Theres no law against building an ugly house. Okay . [ laughter ] reporter i think the feeling is they would they would rather have found a house that was in good shape there than the existing house. However, the builder was not kind to the neighbors in his discussions with us. Reporter what do you mean . He was arrogant, basically. You know reporter pushy . Just no. Just ignored us. Theres a lot of opinions about what people should or should not do. Reporter murphy hosted a fundraiser for mayor lees campaign and was appointed a port commissioner. But the mayor emphasized today, murphy will get no special favors as the city investigates what happens. In this case, i want dbi to complete a thorough investigation and make sure he is held to the highest standard of safety and get the building done properly. Reporter the inspector says despite the wreckage he cant say the next step is going to be demolition. He wants the contractors engineers to come up with a pl