Were seeing wage growth. And some of these things that youre just labeling regulation are also why were able to be in a place to meet our commitments to rereduce emissions and meet standards to make this a safer world by having our climate problems not engulf our future. Theres a lot of things going on inside the package that you call just more regulation. This economy is a stronger economy because of the policies weve pursued. It is not as strong an economy as wed like to see. A lot of what i see as having held back the u. S. Economy is the headwinds internationally. Weve seen probably half a percentage point of gdp shaved off the u. S. Economy because demand globally has been weak. Thats one of the reasons we put so much time into trying help move the global debate towards using policy tool tools to grow the demand and economy. Weve made progress. Youre seeing a number of places around the world put policy in place using fiscal tools and monetary tools. The United States is looked to
S p reclaims 2100 a lot to look at including coke and yahoo. Europes relatively mixed, oil is lower as the kuwaiti oil strike has now ended. But first up intel announcing plans to cut up to 12,000 jobs, about 11 of the work force, weaker demand for pcs ask that exclusive coming up in just a couple of moments. As we said we brought in jon fortt to lead this interesting quarter and interesting plans now for the future. Its really interesting, carl, because we just saw ibm report a quarter where they talked about weakness in latin america, particularly brazil doing some cuts overseas. Now intel coming in saying the pc market is weak, but also the Data Center Enterprise demand was weak, its cloud demand thats stronger. Makes you wonder overall when it comes to the end user whether that end user is sitting at home or in a business or even at a data center that the business controls, what really is happening to demand for devices that run on intel chips. Of course stacy smith, cfo is going t
Cant really break 40. A little tough. You know. Elon musk is the reason. Among the other top stories, president obama will meet with fed chair janet yellen on the state of america, on global economies and wall street reform and longterm economic outlook. Vice President Biden will also attend. The meeting is closed to the media. The earnings highlights, alcoa after the closing bell. Unofficial start to the earnings season is always alcoa. Jpmorgan reports on wednesday. On thursday, bank of america, blackrock, bank of america and citigroup. Mike thompson will join us in this hour with a look at what to expect for this earnings season is and the equity markets from here. Well also get several big data points on tuesday look for import prices which includes an inflation gauge closely watched by the fed. On wednesday, retail sales, pricing index and the beige book report. And on thursday, march cpi. Joe, hold on to your seat. Yeah, the imf says it supports the move to negative rates. That r
The dow up 75 points. The nasdaq up by 28. Weve got a couple big stories that were watching this morning. San francisco fed president John Williams said last weeks fed decision to hold rates steady was in his words, a close call. Increased concern about the Global Economy in the Financial System led policy makers to wait on a hike. We will see how long that wait lasts. Jim bullard awaits and says its too influenced. President bullard will be joining us right here in studio for two hours this morning starting at 7 00 eastern. Weve got a lot of questions for him. We should tell you this news and does. There was one dissenting vote but bullard was not a voting membership. Anybody who says this is a fed that is unanimous or united in this is going to hear a little bit of a different story today. I kind of wish he you know, i kind of wish it wasnt preaching to the choir. I feel like arguing with someone. Talking to him, you know, well probably get some agreement. It will be like, dont, you
Again, that was a moment of silence marking the attack yesterday, the victims who perished in that attack. Hadley gamble is in paris with the latest and she joins us right now. Good morning. Its a national day of mourning here in paris. People gather in simple. We heard from president hollande earlier today, as well. Let me give you the details of what we know now. There are reports that two suspects have been located in northeast france. Cnbc has yet to confirm those reports. This is a very fluid situation. Many reports coming in. Were trying to sift through all of that. Here is what we do know. Overnight, the two suspects believed to french authorities, theyre chasing them as we speak. Many are now saying that these guys have linked to terrorist organizations, as well. They have been convicted on terrorist charges in the past. A third suspect into police overnight. We understand understand several people have been questioned in this incident. In a separate incident this morning, one