We see automakers continue to climb and exceed sales. With more and particularly on meri kara, i want to bring in , i want to bring in matt miller. Matt, lets start with you. We know there is a lot of trouble that General Motors is in. What about mary barra herself . Is going to answer why she did not know about this as the chief of engineering design. Before she was made ceo, she was in a number of other leadership positions at this company. Runningently, she was hr. Before that, she was the head of product and in that role, she should have been in control of quality. Why would she not have known about this . If she did not, what does that say about her leadership . Those are the questions that people are going to be asking on capitol hill. Mary, i thinkwith a lot of people think she has handled this very contritely. It looks like she is willing to cooperate. Much differently than any of the previous ceos would have when they had into washington. General motors is going to have its ow
Their plan to get smaller. German bundesbank executive board member there are some parts of the stress test were more vigorous but others where we are less but its a rigorous stress testaments he only way to regain credibility and revitalize the market eventually. Ecb becomes, the the financial supervisor of the euro area. Affectedre somewhat by the dilma reelection in brazil. The brazilian real is down today. To captured 52 of the vote 48 for the opposition. Under rousseff brazil posted its lowest growth in decades. In ukraine, a big election victory for the party that wants closer ties to the European Union and they will form the next coalition government. Russian leaning parties from Eastern Ukraine lost sadly and voting took lice during a. Theefire brokered by president of Ukraine Ukraine has been battling prorussian rebels for seven months. The white house is not happy with the new ebola policies in new york and new jersey. Anyone traveling from west africa who has been exposed to
The pullback of the Bond Purchasing Program is critical to the future not only of the entire economy but of course your stocks and your money. The market not quite sure what to make of Ben Bernankes comments in may before members of the House Service committee today. Peter barnes live on capitol hill where he is following every word ben bernanke uttered before the Economic Data was released in the 2 00 p. M. Eastern hour. Nicole petallides, and we have in the newsroom where she is covering the publicly traded company trying to make a comeback from that National Security leak scandal. They hired Edward Snowden, in the middle of the security leak. The fed chairman making quite a few headlines during his testimony today, but what jumped out to you . The main thing is he talked about the path forward for tapering the bond purchases, he said the course is not preset, depends on the data. More in a minute. Liz he sounded very flexible. Now at the new york stock exchange. Nicole traders got a
Think. Cheryl we have the post master general on. Saturday delivery has got to go. It is all junk mail. You look, the volume is down. I know that Melissa Francis and lori rothman will pick up on that. Melissa we are. People getting hammered is a sign that the economy is getting better. Lori tobacco and alcohol gambling. Those companies tend to do well when the country stinks. I am lori rothman. Melissa i am Melissa Francis. Nothing can stop the post office from safi. Only the weekend. Lori our money is under attack. The latest target in a string of the latest target attacks. Melissa jcpenney is one year into its major overhaul. Well ask an analyst at this revamp is working. Now it is time for stocks. Nicole petallides standing by. We are struggling for games today. Down five points. Nicole we have had three days in a row, basically, with triple digit moves. We have also had 14,000. We have not seen those level since 2007. Here we are today right now about five points down on the Dow Jo
Coming under pressure amid questions about the feds commitment to keeping borrowing costs low and the spigot open. Economic tests, key reads on jobs, inflation and housing and on the corporate front, really Important Quarterly results from dow component walmart. Its thursday, february 21st, 2013 and squawk box begins right now. Morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Stocks selling off late yesterday after the release of the fomc minutes. The s p and the nasdaq turned in their worst sess sessions of 2013 on the heaviest Trading Volume of the year. Not good news. The pain is not over yet. If you take a look right now, dow futures are down by about 61 points. S p futures off by about 7 1 2 points below fair value. Were going to talk much more about the fed with central bank watcher greg iff. Thats 7 00 eastern time. Walmart is likely to be a big driver of the market conversation today. Courtney reagan will be jo