Treasuries went up. A little concerned, perhaps, about the stock market. Now, we know one executive whos presumably looking for a new job today, Tim Oshaughnessy saying hes stepping down this year. Living social is not publicly traded, but there are a lot of guess about them being questions about them being the big competitor to groupon. Target now telling us that its data breach was worse than previously thought. As many as 70 million customers had their personal information compromised. Target also lowering Forward Guidance. Its shares are moving down just a few percentage points, but its sears getting slammed today after it also lowered its guidance. That stock down more than 12 . A little later on were bicycle to speak to speak to sears public enemy number one. He took photos of empty sears shelfs. He says sears has gone from a sick patient to one who is now in critical condition. We, of course, invited sears executives to come on, they declined, so im going to fight brian. Theres
Strategies that are paying off in china in a big way. But first, we will be hearing from president obamas Intelligence Review Panel. Will affectchanges some of the biggest tech in the country. Peter cook is with me with the latest. What have you heard that has stood out as far as comments go from the panel . We have not heard from the panel yet. That will be at 2 30 p. M. Eastern time. This is a big debate for this panel. The president back in december had recommendations that went further than a lot of people expected. They did call for things to be scaled back, specifically the panel with former white house advisor and Deputy Director of the cia. They offered 46 recommendations in all. Ms. At the nsa they offered new limits at the nsa. Carriers like at t and verizon to maintain the metadata on their own. The government would have to obtain a court order to access those records. And also ordering google and yahoo to release more information to the public when they are forced to respon
It is announcing that it sold the last 70 million shares that it announced a couple of weeks ago. Finally with all said and done would recoup about 431 billion of the 421. That is about a 10 billion dollar gain on all other things out there. So i guess bringing history to an end here where treasury will leave or exit the General Motors once the biggest auto maker in america. Certainly one of the biggest. Certainly profitable as they point out, talking about 340,000 new auto jobs created for gm. Thank you, steve. Be careful. The stock that is not much of an overhang. A lot of people knew this. Going for the job saying this is happening. Those are taking it. You wont see it last a day unless the futures go up. Gm doing better in europe and china. It is a good story. Ford not going up since the the stock shouldnt be up at all. Along with that a lot of retail numbers. Shares of target are down sharply. Discount retailer posting results below estimates siting delusion relating to the canadi
And bloombergs washington correspondent peter cook tells if republican control of the u. S. Senate means gridlock or the road to compromise. First, lets get you right to the top stories we are following at this hour. The economy of the u. S. Expanded more than forecast this quarter, capping the strongest six months and more than a decade. Gdp rose at an annual rate of 3. 5 in the Third Quarter. The numbers come one day after the feds decision to end its unprecedented asset purchase program. I think the fed has to lead knowledge that there had to be some reason why they were ending the program, so they had to ignore knowledge that there has been some considerable and substantial improvement in the labor market. But that does not mean they are at their end goal. The had to acknowledge that economy is robust enough they can stop the program, but that does not mean raising Interest Rates next week because the economy is booming. It aint. Look at the Dow Jones Industrial average up 1. 3 . D
Is always about money. Melissa lets go so our panel. Charlie gasparino, tracy byrnes and jack hough. Keeps hitting new highs. Every time i say dont buy the market it gets too frothy. Heres the thing. As long as they keep printing money, they appear to be doing i think market is going up. Here is the perversity of this market. It is better when the economy doesnt do well. Melissa right. That is the notion that keeps money flowing. Melissa keeps the fed sitting right there. Tracy, what do you think . I think that being said Everyone Needs to be invested in their 401 k . Dont miss this run. It will keep going and people are on the sidelines. Melissa jack. Watch mergers and acquisitions the cover story in barrons. Merger activity, deal premiums are little bit below the longterm average. I think there will be another leg up but were starting to david boockvar, is that his name. Melissa peter. Peter put out a interesting analysis about the vix. The vix as low as it was now was back in 2007.