Deed billionaire genius details his latest venture and how to make money in mobile. First, headlines from su keenan. Google named former ford Ceo Alan Mulally to its others. Mulally was appointed july 9. He will serve on googles audit committee. Meanwhile, yahoo is promising a return of cash to shareholders from at least half of any proceeds of its sale of alibaba. Missedes earnings analyst estimates. Finally, intel, the worlds , hasst chipmaker thirdquarter sales the top analyst fictions. Those analyst predictions. Those are the top headlines. Back to you. Tell us about, the move. Its the kind of thing where a lot of people are surprised by it who . The car company. People here right away and think oh my god, he is going from a car company in detroit, about as old economy as you can get to google headquarters in california, which is about as new as economy gets for people your age or my age. If you thinke about the way allen was responding the last few times. Ford is about Mobility So
Additional boost to talk about which well talk about now. Yeah, certainly did. Joining us now to help break down the day is mark travis from Intrepid Capital fun, steve grasso will join us, and Rick Santelli is with us as well. Mark, begin with you. Nice to see you. Glad to be here, scott. This whole day into perspective and what youre thinking about the market, given everything thats out there, syria, taper, you name it. Well, i think that the market has decided maybe syrias not going to happen after all. If it is, it will be kind of a pinprick. And the jobs report on friday, let the air out of the taper bubble . Yeah. Taper talk . And so, you know, youve got a relief rally at this point that, you know, makes us feel better. Im not sure were not just spinning in place, which has been my point of view really since may when rates started to rise. So youre cautious now still . Because an hour ago we had a panel on. They were 100 bullish. Biggest bull market in our lifetime or our careers
Given what we just saw on the gdp . I think the new normal is the old normal. Stock give you pretty good turns, especially on top of inflation. Stocks are going to be once again a big part of peoples portfolios. You have a right to be cautious. I only need one number to put you back in now we talked about this last time. I was going for slower appreciation. Guys, thank you very much. That does it for us today. Right now its time for squawk on the street. Good morning to you all. Im melissa lee, along with jim cramer, david faber at the new york stock exchange. Carl quintanilla is live where research in motion is holding their blackberry 10 launch today. Lets look at futures and how were setting up for the day. We saw a bit of a reversal on the gdp numbers, the first contraction since 2009. Now were in negative territory. As for europe, confidence coming in stronger in the real star here. The euro topping 135 for the First Time Since april 2010. And strengthening even more after the gdp
Lets all celebrate. Were all alive and the world has not come to an end. Thank you very much. Good to see you as always. Cnn newsroom continues now with brooke baldwin. Hey, brooke. Suzanne, thank you so much. Im brooke baldwin. Huge news day. A lot to get to including the president s big announcement, saw it here on cnn, moments ago. Senator john kerry tapped to replace Hillary Clinton as secretary of state. But he will have to go through congress first. Were going to talk about that here in just a moment. We have to begin with this. Days of tears. Days of debate, even some confrontation. The sounds of silence this morning spoke volumes as the nation and newtown remember what happened one week ago today. Only rain drops heard during this moment. Firefighters there in newtown, paying tribute to 20 young children, 6, 7 years of age and seven adults gunned down for reasons we may never know. The reflections began at 9 30 a. M. Eastern time, that is the precise time that first call came i
That sector excuse me, makes up about 11 of the entire u. S. Economy. Employees at some of the countrys largest retailers planned a national circumstanceout today they are doing it in coordinate with what is known as International Workers day, also may day. Lack of benefits, unstable schedules and potentially unsafe working conditions are what they are protesting. The World Health Organization says the organization has not been asked to participate had the origins of chinas covid. While the u. S. Government says the virus was not man made. There are some questioning whether the virus could have accidentally emerged from a lab that was studying coronaviruses from wuhan. Governor cuomo announced today he will be closing all new york schools for the rest of this academic year. Both secondary and ufers and more than 2. 5 million k12 students will continue to remote learn. I am joined by my coanchor for the next couple of hours, katy tur. It feels as if today it is may 1st. Yesterday the lo