Weve been looking at it, 2. 51. Did you see all those bond issues yesterday . Europe is back. A whole lot of green. Really it was asia that might be a concern. Japans market off 2. 8 overnight. Lets get our road map this morning. It starts with earnings from economic bellwethers. Procter gamble and ups both seeing gains last night. And dont diskrount old gart of the internet era and amazon posting betterthanexpected quarterly revenue. Were going to start with two companies being known as being barometers. Getting a lift from ecommerce and strong europe export growth. Procter gamble said it earned 1. 05 cents a share. The ceo gave his assessment earlier, jon moeller on squawk box. We held sales in each of our reporting segments, grew 8 in developing markets, we grew 11 in japan and earnings were right where we expected them, why is which were able to reconform guidance on the fiscal year, 5 to 7 earnings per share growth so were right on track. Right on track they say, jim. You believe
The deal for a vote on the house floor after it passes through the senate, but we were just saying, a reuters is quoting a senior gop leadership aide, whoever that is, as saying the outcome is unclear in the house vote. John harwoods in washington with the latest details. What are you hearing . Im not hearing what the outcome is unclear. In the senate you have, according to a leadership aide, republican aide tells me, 28 to 32 republicans are likely to vote yes. That is a substantial majority of their caucus. That would add momentum for the house of representatives. As of now, democratic leadership aides are expecting about 50 House Republican votes. That would be more than enough to pass it, unless some hitch develops in the drafting of the legislation. As of now, the senate is looking to vote some time in the 5 p. M. To 8 p. M. Hour. House sources tell me they will then take it up 8 00 to 9 00 and hope to get off the floor by 11 p. M. , which would allow time for the bill to get dot
Europe meantime seeing relief after that tough session on yesterday. We begin with fed chair nominee Janet Yellens confirmation hearings today. Cisco reports First Quarter sales fall about 300 million short of consensus and warns week emerging market demand could suppress Second Quarter revenues as well. And jpmorgan cancels a twitter q a with a top banker after being flooded with insulting questions. First up, when janet yellen appears before the Senate Banking committee, shes expected to defend the easing strategy. She says a strong recovery will ultimately enable the fed to reduce its monetary accommodation and reliance on unconventional policy tools such as asset purchases. Yellen add, i believe that supporting the recovery today is the surest path to returning to a more normal approach to Monetary Policy. Well bring you live coverage of the yellen confirmation hearing on capitol hill once the fed chair nominee begins her remarks. Jim, i see you reading the story right now. Things
Porky pig. Overnight in asia, shanghai and hong kong down sharply, some disappointed in that fourday meeting of leaders and bank of england cutting its forecast for inflation. Macys beating profits, affirming on the year. And a fight with kraft ends up costing the coffee giant 2. 8 million. Tesla confirming there are no plan foors recall. Outlines his vision and fires back at George Clooney. And doubts continue to compound about completing fixes for the end of the month on baum care. Revenues beat consensus at revenues are up 3. 5 prgs. The ceo says numbers are extremely strong. Sales trends at bloomingdales doing well. Big name for my charitable trust. Ta Terry Lundgren has been able to go against amazon. In is always whos got the antiamazon game plan. He can move around merchandise. Hes got my macys, the regionalization. If you go there friday night in pittsburgh, you will find steelerlike clothes, raleigh, north carolina, its bow ties and sear sucker. The new york store is doing wel
The jolt report coming out at 10 00. Then we have the Kansas City Fed survey, as well. Equity futures this morning, at this hour, at least, are indicated higher. Dow futures indicated up by about 50 points above fair value. S p up by about 6. 5. Andrew, back over to you. Good to have you back. Thank you. Its good to be back. This is a very different place than cnbc asia and bernie. Well talk about that in a bit. Rr done nelly is going to buy consolidated graphics for 620 million. As joe was just mentioning, bank of america lost a fraud trial over u. S. Mortgages yesterday. Live on fraud for claims related to defective mortgages for funds sold to its countrywide unit. And finally, Lehman Brothers, remember them . The Lehman Brothers holding company, this is the one that sort of went through the bankruptcy process is suing giants stadium. It wants to recover more than 100 million of a canceled Interest Rate swaps contract that would used to hedge bonds issued to the arena. The lawsuit ca