Good Tuesday Morning im Carl Quintanilla with david faber and jim cramer coming to you live from separate locations this morning coming off that 7 rally and futures build as optimism about flattening the curve goes into a second day more talk of another round of congressional stimulus oil up about 2 , as we await the opec plus meeting and exxon slashes capex about 30 . Mnuchin and kudlow on the tape this morning saying the white house looking to reopen the economy as soon as Health Experts give the green light but thats going to be met with skepticism today look, ive got to hand it to them in terms of trying to make it so theres enough money for small and medium sized business to get open. Theyre doing it theres no limit to what theyll give i think the Community Banks, no limit to what theyll lend i really like that the other side though is the customer and weve got to find a way for the customer to feel confident i know i will feel continue if i dent when i see everybody else wearing
News. Uk had its best manufacturing numbers in three years but the Ukraine Tensions remain as well. Our road map begins with the markets right now futures edging higher as the nasdaq looks to bounce back from the worst threeday drop in over two years. Will i turn around . Citigroup agreeing to pay over a billion dollars to settle claims dating back to the financial crisis in 2008 but thats not the only tough news for the companys stock. Well explain in a moment . Another rough quarter for samsung, operating profit falling over 4 this year. Does the tech giant have some reason to smile . Its coming in a box this week. Well talk about that in a few minutes. First up, what will it take to end the stock markets losing streak. The nasdaq suffering another big drop closing at a two month low and down more than 6 from their recent highs hit a month ago. The dow and s p posting their worst threeday losing streaks since late january. Jim, yesterday on this show you said you would not be afraid
Have eurozone unemployment ticking higher slightly. A mixed bag there. Little change overall in europe. Our road map this morning starts with what else . The fiscal cliff. The president heads to a pennsylvania toy factory pressing his case for a proposal that actually leaked last night seeking 1. 6 trillion in tax hikes. Republicans in morning balking and cliff fears prompt another company to issue a dividend and its whole foods. Owner of taco bell, kfc, have warned that sales hit the skids. The shares yesterday hit a fresh high. Facebook unlikes zynga. Zynga shares are plummeting this morning on the news. Never an ego boost for the ceo when the stock falls on the news that hes keeping his job. Thats exactly whats happening with groupon as the board keeps andrew mason. The president heading to a pennsylvania factory this morning. Republicans have given a thumbs down to the president s plan which includes a 1. 6 trillion tax increase, 50 billion in Infrastructure Spending for next year
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