Of the s p 500. Just about a half a point higher. We are going to be hearing from travellers United Technologies verizon and many more out later this afternoon. Its all about tech. Beyond earnings here the other big stories were watching this morning in greece today the government submitted a bill needed to officially start talks in the rescue package. The Prime Minister has until tomorrow night to get the measures adopted in parliament. Increasing year over year last month but only slightly. This shows how a slowing economy is hurting Investor Confidence and in Corporate News out today, the ceo was stepping down. This comes after an independent investigation says he was aware the company was inflating his profits over a number of years. Ibms earnings top which normally happens but revenues fell for a 13th straight quarter. It had to be because of the stronger dollar. You dont get revenue drops of 13. 5 . I dont know what organically it was. The strong dollar continuing to weigh on the
Aforementioned yahoo . They were just talking about it. Well get you ahead of all of the trades. Mandy has gone down to the heart of the action at the New York Stock Exchange. Hi mandy. Its a down day, as you said but being driven by a few stocks as you mentioned. Ibm and United Technologies for more than 100 points of the dows drop. Bob pisani joins us here on the floor of the stock exchange. We did not color coordinate ourselves. But it looks good. A happy coincidence. The important thing is if you look at ibm and United Technologies, put them up for me, they are about 120 points to the drop in the dow that were seeing today so very very unusual action, and thats why the dow is much weaker, for example, than the s p 500. We are having a problem, again. So in the First Quarter, put up whats going on with United Technology and ill show you this. In the First Quarter the big problem for Multinational Companies was number one. Week Global Growth particularly china and secondly the strong
Chipotle gopro. Those numbers over the next hours and bringing you them after 4 00. It just doesnt get better than that. Plus time to sell tesla maybe . A bold call from a ubs analyst downgrading that stock to sell today. The man who made that call coming up. It has been five years since the dodd frank financial reform bill signed into law. Barney frank will join us to discuss all the criticism the law has received including from members of his own party. Enjoy having barney on the show. First we start with this move in the Broader Market today. There is the dow down 214 points. Its getting hit the hardest. United technologies down more than 7 downgrading its own outlook for the year. That bad Earnings Report from ibm last night has been down 5 6 today. That is accounting more than half that decline. S p pulling back. The nasdaq down today so right now no alltime high. S p earlier was three points away from a record. Weve come about a half percentage point down away from that point. Jo
Varney company is about to begin. Look closely, please on the lower left of your screen you can see the flag atop the u. S. Capitol lowered to half staff in honor of the four marines and sailor killed last week in chattanooga. Speaker speaker Speaker Boehner making that order however at the white house the flag is not at half staff. Lawmakers want to know why. Listen to this. The flag goes to half mast for all other types of incidents around the country. Five servicemen have lost their lives. I cant imagine. When asked about the white house secretary josh earnest said today. Youll have the president discuss this more at his conference at the vfw. Stuart half staff at the capitol and full staff at the white house. More on this with an army combat veteran. Happening today, john kasich, the governor of ohio is announcing that he is running for the presidency. That will happen around 11 30 eastern woo well take you there live. Much more throughout the program. The focus on wall street big
Towards the junkyard. But in 2011, the company made 183 million and paid back its 6billion federal bailout, 6 years ahead of schedule. And none of it would have happened without its italianborn, canadianraised boss, Sergio Marchionne. From 60 minutes. Oh, yeah. Sorry to barge in on you like this. Does he walk in all the time . Occasionally, yeah. [ticking] in the beautiful italian province of perugia, men roam the frosty hills with their trained dogs, hunting for the most expensive food in the world. So this is 1,000 . Just right there is 1,000. But as we found out, anything this rare and expensive can attract a dangerous clientele. [speaking french] everybodys in danger in this business. Krrrk. Welcome to 60 minutes on cnbc. Im bob simon. In this edition, were going to visit with a driving force behind the resurrection of chrysler. And later, hunt for the most expensive food in the world. But first, we begin with a story about the rapidly growing trade in fake stem cell cures. Many pe