Scott good morning, everyone, im scott mcgrew. It is time, it is time for all those clever San Francisco highTech Startups to make some money. Money is the point of starting a business. Its not to change the world, its to make money. For several years now, Tech Startups worried about growth, expanding into new markets, becoming a household name. Here, we see a delivery worker for San Franciscos taskrabbit as he goes on his assigned errands. Taskrabbit has received more than 50 million in Venture Capital funding. And its ceo leah busques job to start delivering profits. Fortunately, leahs one of the smartest people i know. Joined by Quentin Hardy of the New York Times and michal levram. Michal levram two other very smart people. Scott absolutely, the three of you. Now, tell me about this, and im speaking generally about startups. There is that point at which its all growth, growth, growth, growth. I gave you Venture Capital money. Dont talk to me about profits, i want growth. At some po
Hello. Welcome to countdown. Im mark barton. And im anna edwards. A standingeport is by across the world ready to deliver the stories that will drive your day. Marcus cranny is following ahead of the fed decision and we are also in berlin on the latest deal in brussels. Preks hans nichols is in leipzig and Caroline Hyde has the most difficult assignment. Shes outside a chocolate shop in london with the story on the surging cocoa. Click some people get all the tough diggs. Lets get a gauge on whether the markets are pricing in the tapering this evening in any form. Click to the speak to anybody, whether it comes tonight, january, march, the markets are prepared. As people who have kids, if you take sugar away from children, is anything preparing you for the ruckus that might actually come . There will be a reaction. It will come for a day, says Goldman Sachs. They make it very clear. 90 of the bond market have priced this end. I think thats the issue. Aboutd elerian will talk that tonig
Earnings from fedex, lennar, 2014 guidance as well. And then europe responding to the strongest german Business Confidence in 20 months. The biggest decline in u. K. Unemployment in 13 years. Our road map begins with anticipation waiting to see if todays fed announcement will include the t word, taper. Quarterly results from fedex missed estimates but the company boosting fullyear guidance. Analyd going public, amc. After the fed wraps up its twoday meeting this afternoon, investors will learn whether policy makers will wind down on the Economic Data. Complete coverage of the fed announcement and the chairmans News Conference on cnbc this afternoon, begins at 2 00 p. M. Eastern time. Jim, are you ready . Yeah. There is if youre the fed, you got to tough job. I am getting so many people sending me, jim, tell the fed i mean, tell the fed. Okay, fed. What do you want me to tell them . Its the holiday time, dont ruin our year . That is not exactly what bernanke is focused on or yellen. The
Because of all the issues we had after the government shutdown. We get the unusual dump of data. Thats been something weve been waiting to see because the Housing Market is one the fed watches closely. There are a few corporate reports of note today, as well. Before the bell, we get Quarterly Results from fedex, General Mills and menards. This afternoon, we have oracle to report, too. This morning, youre going to see right now dow futures are up by about 358 points above fair value. S p futures are up by 6. I dont know what that tells one if they think the fed is not going to taper. But, again, a gain of about 58 points and, andrew, ill send it over to you. Thank you, becky. We have some corporate stories for you this morning. Amc Entertainment Holdings priced their ipo at 18 a share. That was at the lower end of the initial range. The second largest Theater Group in the United States will begin trading this morning on the on new york stock exchange. Also in mergers and acquisitions ne
Rate decision. I was talking to michael mckee, the gdp report dovetailed with the fed. Interesting as we get to the jobs report on friday. Big economic day. Earnings before the bell, time warner. After the bell we have yelped and carlyle. Dotheres the brief, let me the data check before we get to a busy front page. Features negative two, future nothing, nymex crude 100. 34, douth. South. 1300, renminbi currency,er chinese exporting deflation out of china something to watch into may. An incredibly busy morning. Look at the front pages. Heres scarlet fu. Top our front page. Prosecutors considering charges against Credit Suisse and bnp paribas according to people familiar with the situation. Credit suisse big investigated over whether it helped americans as a taxes. Prosecutors trying to figure out whether bnp broke the law by doing business with iran, cuba, sudan, countries we have sanctions with. These are criminal. It could result in the first guilty plea from a major bank in 20 years.