Watch. Jpmorgan today says buy the bounce. Well talk a lot more about that later this morning. Our rolled map begins with the markets trying to hold their ground after one of the worst days for equities. Like we said, in eight weeks. Dells profit falls 72 as the Company Looks further out to that potential future under private ownership. And described as an unusually stylish geek. Yahoo s ceo Marissa Meyer is in vogue, literally. First up, more signs of wait for prompter here. Seemingly weak economy, Housing Starts up at zoom but below consensus. Mike, how much damage was done yesterday with dow below 50day moving average, the stocks, financials, the transports, all the same . The market ak acted ragged but yesterday it hit it. To me its not just the fear of the fed taper. Its a fear of the fed taper at the same time that Everything Else doesnt look unequivocally great. I also find its interesting how the market doesnt like when labor market data is better than other Economic Data becau
Bowe s boxilai. Andrew. Thank you, becky. We have a little bit of Corporate News this morning. Citigroup has suffered a significant decline in trading revenue. It threatens to decline the earnings. Theres a market wide earnings. Shares of blackberry today, the Company Warning on friday that it expects to report a huge quarterly operating loss. It plans to cut more than 1 3 of its global work force. Thats big, big news in blackberry land. Microsoft expected to announce a new surface tablet computer today, including a version with a smaller screen to compete with googles nexus 7. An event is scheduled in new york. Microsoft began selling surface tablets last year but sales have been slow. The changes to the dow are official. Visa, Goldman Sachs and nike are jumping into the blue chip index. Alcoa and hewlettpackard and bank of america, goodbye, youre exiting. Goodbye. If you went to sleep early last night, there are a few highlights from the emmys that you missed. Hbo dominated with the
Fiveday losing streak yesterday. A lot more fed speak on the way today. Europe got some strong confidence numbers in both the u. K. And in italy, although that italian 10year ticking up yet again this morning. Our road map begins with jcpenney. A potential payout to top execs coming in much bigger than expected. 80 million should a sale to a buyout group be completed. And nike share higher premarket after its Quarterly Results outpace expectations. And on this day in 1993, david faber first clicked on his mick cr microphone on cnbc and the rest is history. I wondered if that was coming. Did you know it was coming . I thought maybe because they sent me a little pin. Did you know that was what happened at ten 20. Oh, 20 thats a fifth of a century. Thanks for reminding me. Jcpenney is offering 84 million shares at 9. 65 apiece. Of course this offering itself someone unexpected given what been a believe that it did not need to raise equity or need to raise any liquidity. Ceo mike ullman co
Politicians in washington. Reporter read from dr. Seuss. I would not eat green egg s and ham, i i do not like them, sam i am. Reporter Many Republican colleagues arent awe mused. Senator cruz has become a figure standing alone, talking a lot, but doesnt have many friends. Reporter cruz provoked a backlash this comparison. You go to the 1940s. Nazi germany. Reporter cruz claimed those who dont join his fight are appeasers. They would have been saying you cannot defeat the germans. Reporter john mccain has often clashed with cruz and said that went too fantastic. Too far. I uh i reject that. Reporter it frustrated some republicans who worry his personal aspirations could risk damage to the Republican Party brand. Kelly odonnell, nbc news, the capitol. While this was a oneman protest and not a filibuster, lets put that aside as the theater aspect of this. Now to the reality. Nearly everybody in this country will be required to have Health Insurance next year. Today the white house provide
Peacefully. Reporter after decades of mistrust and estrangement from the00 crise in 1979 to todays standoff over nuclear weapons, president obama said america and iranian had start over. I dont believe this difficult history can be overcome overnight. Overnight. The suspicions, run too deep, but i do believe if we can resolve the issue of Irans Nuclear program, that can serve as a major step down a long road toward a different relationship. Reporter hours later, irans president , hassan rouhani, sounded conciliatory in his first address to the world body. He said he listened carefully to president obamas speech and hoped differences could be managed. Cordes of. translated this is a unique opportunity for us all. The republican of iran believes all challenges can be managed successfully through a smart, judicious blend of hope and moderation. Reporter rouhani said Irans Nuclear program is aimed at the peaceful pursuit of nuclear energy. Nuclear weapons and other weapons of mass destruct