Protect this great nation, some of whom im greatly honored to have with me here today. [ cheers and applause ] because my job is not just to entertain you but to educate you. Of course, call me or tweet me jimcramer. Welcome to mad money salute to the troops. We are honoring all of you brave soldiers, air men, sailors and marines the best way we know how, by helping you defend your financial futures. We thank you for your service and are honored to have some of you join us tonight and happy 239th birthday to the United States marine corps. What do you do when trying to invest long term . How do you fight the short timers and the big timers as they all work today with dow gaining 40 points and s p rising and nasdaq to levels not seen since march of 2000. Pretty easy. You beat them by falling back on big themes, themes that arent subject to the vagaries of the hedge funds and the traders who trade in and out 100 times a day or sometimes thousands of times. You have no choice but to go lo
A mixed bag, and that tenyear note yield, hovering a bit below, a 218 right now. We have been up significantly in yields in recent weeks. Lets get to our road map this morning on the earnings front. While dish makes more money, but fewer subscribers. Yeah more money, more problems. Has taken that take in the special online retailer. Sometimes they surprise me. Who are they . Our crack producers. We have a new ceo at comcast. Mike cavanaugh, and carlisle which is interesting to note. Mr. Cavanaugh did not seem to spend a great of time at cavanaugh, he will take over as the ceo of comcast in early summer. At jpmorgan also he chief or cochief operateing officer and copresident. Not kissing up, but i loved him at jpmorgan. Very well thought of. Hes just considered to be a very good businessman, so his departure certainly caused quite a stir. And ive not spoken carlisle. Again youre dealing with the same problem. Of course if you recall stepping down as the cfo of comcast comcast, as soon a
At 2. 664 and europe is back to work and largely mixed. Our road map, the jobs number, payrolls above consensus. The Unemployment Rate dives to the 5. 5 year low. Watch the participation, rate, wages, more americans drop out of the work force in april. Pfizer raising its bid to try to buy astrazeneca. Astrazeneca says a few hours later no thank you. Astrazeneca shares trading below the offer price. Pfizer may need to raise a bit more. Were going to have a lot more. Upbeat morning for internet stocks. Linkedin, open table, expedia beat. A miss for chevron, profit dropping 27 on lower production. J. Crew going budget friendly. Can cheaper sweaters boost sales without diluting the brand . First up, though, lets tackle the jobs number, 288. The Unemployment Rate at 6. 3 , thats the lowest since 2008. People are wondering how this is possible, though, with the labor force decline like we had, jim. 62. 8 is the lowest since december of 2013. Yeah. Look, these are hard to rationalize. The 6.
I am mark barton. It is 6 00 in london. Good morning to you. Reporters are standing by across the world and ready to deliver stories that will drive your day. As ukraine starts and the offensive against separatist. Look atline hyde has a a retailer. Just heard earnings from Credit Suisse. We will have more on those later. Have got an exclusive with the ceo, brady dougan. First up, manus cranny is here. It was a miss. The story is missed on the First Quarter. In this mentor bank missed the Investment Bank missed. Management business is doing better. The question before going into this and he said it balance. You have got a looming, big Investment Bank. Mess on the headline. Dropped. On the ib, drop by 36 . Looking through some of the numbers here, the cost at the bank is critically important for brady dougan to get a handle on. 77. 8 versus 74 are sent. 74 of. Isch begs the question it time to slim the Investment Bank for the . This is an article on bloomberg overnight. Nearly 20,000 em
My apologies. We seem to have some technical issues. Lets recap this morning some of the headlines. Desktop computers are not dead. A rallying call from meg whit man as the hpcoe tells cnbc exclusively a turn around plan is on track but admits there is still work to do. We have to continue to innovate and you can discover the innovation engine is alive and well at hp. A lot of heavy lifting ahead. The eurozone finance ministers outline a political bargain to wind down troubled banks that fail to agree on the crucial issues of sharing costs. Hes confident that a deal can be done before christmas. We can now see the outline uls of a compromise and im quite optimistic that next week we can finalize it. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. All right. We have the latest data coming out from the iea, their report just coming out. Highlights of this, theyre talking about the wti spread, which we have looked at. It was around 17. 55 a b