It was weird. It was fitting that that happened. It was good. We were hoping for it. We should tell you about the s p 500 as well. It added more than 5 to close at 1,883. The nasdaq closing at 4,114. We decided that good news was good news now and bad news is no longer. We got a 0. 1 gdp number earlier. Right. Economy starts with i did like this, andrew. It was hurt in the First Quarter, hurt by frigid weather. Yes. Frigid weather. You know what thats an indication of, the warming. Youre reading the wall street journal. Just think about the logic in that statement. Thats not what i want to talk about. What i want to talk about, also a day they decided to continue to cut its not like there was bad news that was going to cause them not to taper. There was nothing but there was a little bit of bad news in there. There was bad news. A lot of times market set new highs on bad news. Then i started thinking about it again, kbe qe is very, very powerful. What was the maximum we got to, 85. 85.
You okay . Yes. You have this. Im told your husband had it, too. Im sorry. Andrew had it. Everybody had it. Andrew had it. Tag, youre it. I dont feel that bad. Yes, exactly. Some people, you get sent home. If im going home, someone has to send me home. Its jobs friday. Im okay. Im in omaha. I need to be here. Theres a big bubble between us. Plus i need to show off my haircut. Retrofitting of the toupe. Astrazeneca rejecting the offer from pfizer of 106 billion. The uk government says the final decision will be up to shareholders even though its already pushing pfizer to commit to keeping jobs in britain. Pfizer also adding more cash to the mix, upping it from 30 to 32 . And the company hit previously hit over 99, now its theyre rejecting the second offer as well. And in an attempt to get the British Government on board, pfizer ceo ian read, sent Prime Minister David Cameron a letter promising a new Research Center in cambridge and 20 of the large groups work force would be in britain.
That is a big deal for the bank of england to say that. It is in the mix today. Central banks in both norway and thailand expected to keep their rates steady this year. In the u. S. , 7 00 we have the Weekly Mortgage applications data. A 30, the current account balance. The big one at 2 00, the fomc Rate Decision. Everyone is talking about this one. Make sure you tune in to Bloomberg Television at 2 00 for our special coverage of the fomc Rate Decision and Janet Yellens News Conference which will be at 2 30. This is special coverage today. I will be there. It see what they will do or not do. And the dot pot forecast. I am bored by that. You are bored . We had fun with it yesterday. Like this dot chart . This, thert like rest of them are down here. They move around. Where is janet yellen . You dont know which dot is which and you dont know when they move. Earnings, believe it or not, Federal Express is today at 7 30. After the bell, red hat. Mary barra facing lawmakers yet again in wash
All of that and more on thursday the first of may. Good evening, everyone, and welcome, im tyler mathisen, susie gharib is on assignment. Well, you know it has been five years since the official end of the great recession, and even though the economy, the stock market and the Housing Market have made tremendous gains more than 10 million americans who want to working still without a job. Today, there were no records set owner wall street as a lot of investors seem to be in a Holding Pattern waiting for tomorrows april jobs report. Possibly the most important metric on the health of the u. S. Economy. Hampton pearson with more on what may be in fridays nonfarm payroll and why some economists are more cautious than others. Reporter optimism for a friday jobs report above 200,000 in april comes on the heels of the mixed Economic Data in the last twori n3n3 qs o i think well find out that momentum is pretty good here. But unemployment claims rose since late february, mixed news for an eco
Better deals on the flights they want. All that and more tonight on nightly Business Report for thursday, may 8th. Good evening, everyone, wall street today went from sizzle to fizzle. You may not know it from todays closing numbers but the dow was up triple digitals even hitting an all hadtime high before drifting lower, and there are good reasons why investors brought up stocks, another round of solid earnings, firsttime job claims down, and more from Federal Reserve chair janet yellen, in her second day of testimony, yellen promised to keep Interest Rates, quote, right where they are to boost the economy until both the housing and job market do better. Our objective in Monetary Policy is to continue to maintain an accomodative Monetary Policy for as necessary to see recovery of the labor market to nwithstate. It is hard to know exactly how to characterize it, but what the Federal Reserve calls maximum employment or we used to call full employment for sure and in many ways were far f