before the joint economic committee. that starts at 10:00 eastern time, and obviously, investors will be looking for hints of a policy shift, although none is expected. if you go with conventional wisdom, this will be more dovish talk. also we get the minutes from last month s fomc meeting, released at 2:00 p.m. eastern time. in other news on the fed, politico is reporting that chairman bernanke met privately last week with house oversight and government reform committee chairman darrell issa, along with other lawmakers. they are said to have talked about the central bank s efforts to try and stimulate the economy and possible exit strategies as well. now, issa sent a letter to bernanke last month expressing display that the fed was not providing lawmakers with more information about how it plans to wind down its bond portfolio. maybe he hasn t wanted those things to leak. the news of this meeting leaked, but the details did not. among some of the other items on today s u.s
CSPAN2 U April 30, 2013
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trades. the bringiigger potential cost come to damage done to its reputation and lost ipo business as a result. a couple of events to keep an eye on. best buy reporting quarterly results just before the market opens. and at 10ing: in:00 eastern, ap existing home sales. other corporate headlines, a key drug from bayer missing a goal in a late stage lung cancer trial. the company failing it to show that it can prolong the lives of patients with lung tumors. but it did extend the time it takes the disease to worsen. the drug already approved to treat liver and kidney cancer. also gucci winning a case against guess. seeking $120 million being a confu accusing guess of copying trademark designs. the judge awarded a permanent injunctio injunction. and the payout from profit of specific items where trademark were in-tricked. federal prosecutors announcing insider trading charges against a former yahoo! employee and fund manager, said to have illegally trade order company secret in
night. down by 2% or more. road map today, we begin five points from 1400 on the s&p. now the ten-year at five-month high yields. bonds confirming what stocks have long been saying. stress test leaves citi as an outlier. management credibility has been damaged. there is a job opening at goldman sachs as he takes to the op-ed of the new york times telling why he quit, blaming a toxic environment. managers referred to clients as muppets. morgan stanley to 720. bull-case scenario 960. jim, you were talking about numbers not that far apart yesterday. you are are s going to hit 960. $1,000 a share? let s start with the markets the morning after their best one-day performance of the year with the dow closing above 13,000. nasdaq closing above 3,000. will this bring money off the sidelines? we should point out early, gold down 50 bucks. one of the things happening, undercurrent yesterday was the blowout of bonds. people just basically said this is it. we just got, i was ta
kernen? all i know is this one way street. i talk about you, you appear on our show. it s just one way, one way scarborough might be a better tham that morning joe scarborough. don t you think? morning joe works for me. again, becky is calling me the real morning joe. i did not do that but thank you for coming. joe, come on my show. anytime. i got to come here. we should switch, i m going to sit in your chair and you should come over here and sit in this chair? what do you think? do i have to wear a jacket? we can do it. they re yelling at me. they re screaming. guys, back to you, thank you. thanks to joe scarborough. thanks to richard lefrak for a great morning. thank you. and thanks to you, joe. return of the animal orchestra tomorrow. 7:50 and we re going to talk about the cute seal. do we have a picture of him? we don t. there he is. that s not haines, that s the seal. tomorrow. squawk on the street is coming up next. august retail sales up
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