Corridor that Australian Authorities have been searching. One is 24 meters or about 75 feet in size. The other is around about five meters in length or around about 15 feet in size. Now, the Officials Say that the objects are indistinct, but they say that they are credible sightings and they have been what they call awash in the indian ocean. This is located in a very remote place of australia where about 2,500 kilometers or about 1500 miles off of the coast of australia. Its very hard for aircraft to get to that particular part of the ocean. Four hours flying time and Officials Say that the aircraft has about two hours worth of fuel out there before they had to turn around and head back to the mainland before they can recommence their searching. Authorities also saying that a cloud and rain is making visibility tough in that part of the ocean at this time. We also heard an update from a malaysian transport authority who was speaking in the last 30 minutes, cautioning against people ge
15th. It is tax day, but also tax fraud days. Millions of americans will find out that their i. D. Has been stolen, someone else has already filed a return and claimed their refund. How serious its becoming and the Staggering Amount of money it is costing taxpayers. First, though, lets check in down at the New York Stock Exchange with simon. Hi there, tyler. Another volatile day f the nasdaq already hitting a 4 1 2month low, well below 4,000, as you can see. The russell 2000 is also about 9 below its march high. There you can see where were trading this i think is the most important indicator of the hour, the fact that the tenyear has now the yield has now slipped below 2. 6 , so there is a strong and persistent rally on the fixedincome markets. Rick santelli is in the bond pits in chicago, he will join us shortly. Dominic chu is tracking the big movers. Thats right, simon, the big momentum names are takingal hit once again. You want to watch the share of netflix, priceline, amazon, te
The economy. Oil, should we forget all the forecasts and run for the hills when you see prices moving down . Thats brent. West texas even lower. Walls of water from the midwest to the east coast. Look at that. Major flooding, really intense storms this morning on the east coast, and through much of the central and eastern part of the u. S. This is from nebraska, a hospital getting absolutely washed out as water came rushing in. First, though, to sue at the nyse. Separate dramatic video, tyler. Were going to start with stocks. The Dow Jones Industrial average is on the up side now by almost 100 points. The s p is up 12. Nasdaq composite up 36 and the russell is with up modestly. Up 62 points. The tenyear u. S. Stocks here at home rising. So here are the and then falls, japan gmt dp for qit plumme plummets, and chinas money flow slows, u. S. Retail sales for july below expectations. That begs the question el we just the bestlooking markets among mediocre performing markets . Or why else
In the stock market to go with it. The major averages bounced back from sharp sell off last week and all the end of the s p sectors were as well. The dow jumped 146 points. The nasdaq added almost 23, ending above the key 4,000 level. And the s p rose about 15 points. So what triggered all this optimism . Investors were encouraged by new retail Sales Numbers that were stronger than expect ad sign maybe that the economy is emerging from a slow winter. The gains were led by autos and furniture as well as sales at general Merchandise Stores like target and walmart. Solid earnings from citigroup boosted investor confidence. Profits for the First Quarter came in higher than analysts estimates and citi stock surged 4 on the news. Kayla tausche joins us more with more on that surprising report from citi. Kay larks last week we were talking to you about this one and everyone was bracing for a lousy report. What happened . Not much to write home about. Two points where science citi s. Credit is
The day with modest gains. That i z happened despite some of choppy lackluster data really about the trading and the European Central bank meeting, the big one on friday, the may jobs report. Today, a setback in the labor market as the reading on private job creation last month was short on the forecast. Worker productivity down in the First Quarter of the year with all that snow and cold paraly paralyzing factories, offices and retailers, but just as winter turned to green we saw some shoots in the economy, maybe not so steadily, but returns to growth. Steve liesman has more. It was a day of mixed Economic Data that on balance kept the view that the u. S. Economy was snapping back from a winter of severe weather. But the data raised questions about the strength of that snapback. The adp reported that 170,000 private sector jobs were created in may, below the estimates on wall street, for the government jobs reports it is friday. I would4 . it is disappointing. Suggests that monthly