15,5701 where the industrial average settles out. Nasdaq up 14. 5 points, a third up a percent at 3943. S p 500 at all time high, uncharitied testimony, 7 up 7. 72 , 1759. Sti stephanie link back with us, rich peterson, ken mahoney from mahoney asset management. This earnings story bob pisani was talking about is pretty compelling. How come earnings are seen rising 4. 5 , and interestingly, revenue looking at expectation of 4 growth there. Whats going on . What are you seeing within these earnings reports for the Third Quarter . Sure. As the beatles once said, its Getting Better all the time. The fact is when we started earning season when alcoa reported on october 8th we were looking for 3 , now 4. 5 . Eight of the ten s p sectors have seen substantial increases in earning expectation over that time. Four have seen more than doubling expectations from where we were 8 october 8th. Notably technology, materials, health sxcare and financials. Were seeing a boom. The fact is we get above
Tenyear yield down this morning. Speaking this afternoon, and europe is mixed as well. Road map begins with General Motors halting sales of the chevy cruz sedan due to faulty air bags while the ceo offers an explanation on nbc. Pricing at the high end of the expected range, well bring you all the action of those very first trades. And shares of bed, bath, and beyond are taking, well, a bath this morning. The company missing earns expectations due to high costs. Alcoa buying for 2. 48 billion in cash and stock. Dealers temporarily stopped selling 2013 and 2014 chevy cruz sedans due to air bag programs. Mary barra was on the today show to answer questions about the crisis, and we have more. Good morning, phil. Reporter good morning, carl. Whenever a dealer is told to stop selling a particular vehicle, its not good news. It can be damaging not only to sales, but to the reputation of the dealership and company. Thats what happened to General Motors, telling the dealers, stop selling 2013 a
See you late. General electric selling Home Appliance unit to Swedens Electrolux for over 3 billion in cash. First, big news from twitter on a potential new revenue stream. Julia boorstin joins us from los angeles with breaking news. Good morning. Good morning. Twitter is announcing a test of its buy now but allow users to buy products directly from a tweet, first big move into ecommerce. The idea to make mobile shopping quick and easy. So say renan can tweet a photo of the tour tshirt and say, buy now. Twitter saves the credit card information and shipping address, saying everything is encrypted and not shared without permission. There are products in price points of all kinds and offers of all kinds that work across the platform. Its not a flash sale platform. Certainly things will work better. Again the temporal nature of twitter makes relatioal time in wheelhouse. Twitter working with 19 partners. A number of artists including emin eminem, pharrell and rihanna. The Company Plans to
Anyone who still needs to do christmas shopping. A week from now you know Christmas Eve is a week from today. Just so you know. Eight days till christmas. Are the best deals yet to come and how late can you order online kelly, and still get it on time . We have your crucial retail details and stocks that are moving on all of this news this holiday season. Are you telling me youre done, that youre already finished . Im 90 done. Also coming up the whos who of the Tech Industry descending on the white house today. The president said he wanted to talk about how to improve healthcare. Gov but the tech titans wanted to talk about the nsa and demands on their company. Would loved to have been a fly on the wall. Hes a sitting judge, familiar to most on wall street he has presided over wall street financial cases for year but judge jed rakoff has written an essay asking why have no highlevel executives been prosecuted . Is that appropriate for a judge to write and will this ramp up pressure to
Down about 48 points, 15,470. The industrial average settles out, look at the volume number on the light side. 540 million shares traded. The nasdaq gave up 11. 75, 3,654. And the s p 500 tonight down 6. 50 at 1,690. By the way, all of the major averages finishing off the lows of the day. Even though were down in the double digits, we had buyers throughout the session today. It was nonetheless, though, a downer for the broad market. Bob pisani, put things in perspective for us today on the heels of what has been a record setter for this market. Reporter the big story is the constant commentary from the fed officials here. Lets take a look at that, because that will determine what happens in the next couple of months. The bottom line is the fed hawks and fed doves seem to be aligning, and the concept is tapering is imminent. If not in september, certainly by december. Unless the data completely falls apart. The head of the cleveland head came out today, not a voting member, but she said