retail a says has been saved from bankruptcy as chairman eddie lampert had won approval for a multibillion dollar plan to keep it afloat forty five thousand jobs in four hundred twenty five stores across the u.s. were on the line founded back in eighty nine eighty six days at its heyday on the second world war when consumer spending rose but in recent times contrary to competition from the likes of target and wal-mart as well as a hammering off of the financial crisis has left the american retail institution on the brink of co. and just a reminder of the top story we re following for you british prime minister theresa may is seeking cross party consensus on how to move forward with breaks it off to her government narron he survived a no confidence vote show present a revised plan to parliament early next week. and good news from human rights watch as it presented its annual report him but today the advocacy group says the past year has seen a growing pushback against torture kratz and
be won or lost. it s a historic milestone. why is this election important for people your age? lockdown the red states. a close look at the new polls. what is the state of the republican party. it s choosing time. that was the reality of the best kind. more mtp daily just ahead. stocks closed lower and the dow fell lower. consumer spending rose and despite a spike in incomes, they spend more on motor vehicles and other durable goods. nearly 4% to the lowest level and it comes as non-opec companies failed to cut production at a weekend meeting.
today, you know what it is? it s a deal! and if they get rid of the postal service and they go to privatize it, you re going to be paying through your teeth. big time. stick around, rapid response panel is next. we re right back on t ed show. i m hampton pearson with your cnbc market rap. the s&p gained 8, nasdaq up 4. consumer spending rose in february as americans spent more on health care and utilities. meantime, consumer sentiment fell in march to its lowest level in four months. a sign that consumers are concerned about the economy. starting monday, mcdonald s will give away free cups of coffee to its breakfast crowd. the deal will last for two weeks. that it s it from cnbc, first in business worldwide. are you still sleeping? just wanted to check and make sure that we were on schedule.
around. is this number giving americans a false picture where we re headed, where we are now? unfortunately it is a false picture. last quarter, prior to today we thought the first quarter grew at 1.8%. we now found out after being revised down it grew at 1.1%. go back one more quarter, 1.1%. we re going in the wrong direction. this 1.7% not even a good number is probably going to be revised down in the next few months. look at the first year of recovery, 2009 to 2010 we had robust growth and since then sideways, typically four years after a recession, we should be seeing major growth and we re going in the wrong direction. melissa, you talked about consumer spending and housing? consumer spending rose at a rate of 1.8%, slower than last quarter, 2.3%.
good evening, everyone, i m erin burnett. outfront tonight, a shady red line. a red line the whole world is watching. the red line is the line that the obama administration and members of congress say iran cannot cross. listen to this. always keep all of our capabilities ready in the event that those red lines are crossed. that signaled an intention by iran to cross what we call the red line. the fact that they are active here has crossed a red line. the problem is, when someone tells you there s a red line you can t cross, or else? two things matter where exactly is the line. and what exactly will happen to you if you cross it. defense secretary panetta has stated the obvious getting a nuclear weapon crosses the line. and today an obama administration official who would only discuss this sensitive issue anonymously got a little more specific, telling cnn s security blog that iran moved toward 90% uranium enrichment, the level required for a weapon, is potent