41 puts it in a socalled bear market. Alphabet shares on the rise. Energy giants on the move this morning after earnings, this, as oil sinks further into bear market territory. And, man, those exxon numbers werent good. And the dnc wraps up. Economic growth coming in well below consensus. 1. Versus 2. 6 expected. Gdp in europe disappointing overnight. S p and dow up a little bit. The best month since march but the first down week in five, perhaps. You had to go through a gauntlet. Apple. Facebook. Alphabet. And, amazon. And, i gotta tell you, 4 for 4 is pretty impressive. You see the nasdaq holding in there. Playing catchup. I didnt think we would go through the gauntlet unscathed. I felt one of them would screw up. I think the worst one was amazon and that was pretty great. It was not as huge an upside. And i have to tell you, their Conference Call has gone back to this opaque nature i cant stand. You know why the quarter was good . A fly wheel. Fly wheel . Thats like isnt that like p
In a moment. In the meantime take a look at u. S. Equity futures. Dow was down a couple of points yesterday. Looks like s p up and nasdaq up by 14. Lets take a look at stocks to watch today. Shares of rack space. Market valuation of 3 billion before the report of a possible sale. Fire yief announcing plans to layoff workers. Missed its own forecast of the company cut its full year outlook. Zynga releasing a weak outlook. Active users fell. And restaurant chain poe yolo co. Matched the estimates and what is that now, up 8 yesterday. Lets take a look at the broader markets this morning. We showed you the futures are in positive territory. If you take a look at the early markets in europe. There are gains there once again. Looks like the dax is up bailey. The cac is up half a percent and the ftse after the gains we saw in the market there yesterday as the bank of england voted not only to ease Interest Rates by 25 basis points, but also to add a lot of additional quantitative easing and o
Yellen, bernanke, volcker and greenspan speaking at an event last night. Hank paulson coming out swinging against actions his former agencies took on former tax inversions. Shares of gas down big after reporting march was a challenging month for the retailer. Well look in on the state of retail. Just days after the Treasury Department announced new rules which had the effect of breaking apparent the giant deal under which pfizer was acquiring allergan, hank paulson was on squawk box and said Companies Need to pay their fair share when it comes to taxes but also criticized the Treasury Department. Were a nation of laws and rules. You cant change the rules you shouldnt be changing the rules after the facts and changing them and changing them and changing them again. That is something that ian reed, the ceo of pfizer said in an oped yesterday and something that brent saunders, the ceo of allergan said on this set a few days back. Theres been across of criticism at treasurys move and seems
Fbi divers wrapping up an underwater search for a computer hard drive this morning. And anything else linked to the husband and wife shooters who killed 14 people in california. An fbi spokesperson saying a search of the lake in San Bernardino came to a close yesterday. No word on whether any items recovered from the lake are related to the shooting. Investigators have said that the killers tried covering up their tracks by destroying emails, cell phones, and other items at their home in redlands. The search of that lake began after a tip that the shooters may have been in the area the day of the attack. So what could come from the dig Digital Forensic investigation. G joining us is chris stewart, former air force bomber pilot. Thank you for joining us. Good morning. It is a pleasure. What struck you most about the forensics investigation in terms of what the divers and fbi have found so far . Well, i think there is a couple of things. One is that we recognize the Forensic Division the
Screeria nigeria. A look at the financial influence that outside groups have in todays elections. Next, a look at irs operations and how budget cuts have impacted the agencys ability to provided equate Customer Service. From washington journal this is an hour. At the time table nina olson the National Taxpayer advocate here to join us to talk about budget cuts and Customer Service. Related issues. Remind us what your job is. What does a National Taxpayer advocate do . The National Taxpayer advocate leads an organization within the irs that is charged with helping taxpayers solve problems with the irs and make administrative and legislative recommendations to congress about how to improve how the irs treats taxpayers and protect taxpayer rights. How long have you been doing this job . Since march, 2001. Your office put out this annual report to congress so we can take a look at it here. One of the headlines that came from it is from the new york times. Need help from the irs . It may ta