For a record of its own trying to close higher for a tenth straight day. That would be its longest win streak since july 2009. Investors encouraged by Janet Yellens hints to congress that the fed will probably start raising rates later this year. What does jim grant say about all this and is he behind the audit the fed movement . Well talk to him about that when jim joins us coming up. By the way, 10year has moved lower, comfortable ablably below the 2 level. Were at 1. 98 and change. 2year note auction after the testimony, then the 5year is at 1. 46 . 10year at 1. 99 and 2. 60 on the 30year. Were getting so used to this volatility but it is really unusual, especially on a comparative basis for how lowther here. Big move after janet yellen today. Lets talk about it in our closing bell exchange. We have renee norris from urban wealth management, Quincy Krosby krosby, Jim Osullivan sitting in my chair at the new york stock exchange. John manly from Wells Fargo Funds Management and Kenny
Ever have i said that enough . Ever go to something called a door buster. I promise you. We have the data. And were looking at where those online dollars are going click by click. See, those people are walking slowly. Theres none of that scrambling, the business with the door buster. Drones, maybe you saw it on 60 minutes. Bring in the doane . Maybe. Will amazons prime air drone idea take off . Can i see a few guys with beverages and shotguns. What are the risks . How much will it cost . Well deliver answers today on power lunch, but sue, to the nysc. Im with you. No door busters. Stocks struggling a bit. The doubt down for a second time. The three major averages off the three straight months of gains. The s p 500 is actually positive by almost four, and the nasdaq is positive by 0. 71. However, the markets have been on an incredible run. The dow on page for the biggest yearly percent gauge since 2003, on track for its annual point increase on record. The man who predicted the housing
The yield is up after the fed minutes suggest the hawks are a little bit restless and as for europe we continue to watch the death toll in ukraine. The eu does hold an emergency meeting today. It is facebooks largest ever acquisition by far, the social network whying messaging Service Whatsapp and Mark Zuckerberg said the deal came together in ten days and some of the details are beginning to fill in. Closing the deal over chocolatecovered strawberries but a lot of metrics being thrown around, david, 42 a user and questions of how quickly this company can grow. Yeah. Of course, the thought being at 450 million users perhaps they can get to a billion. It is considered a communications platform. It is not about advertising. It is about communications. It is a very Popular Platform in europe. The user interface is said to be very slick. Given that most of the 55 employees that work at this company are engineers. But, carl, you know, there are many people who might want to ven tture its 19
Sales at 10 00 eastern time. Economists are looking for sales to have risen by 9 just over the last month. Andrew, back over to you. We have Corporate News it talk about this morning. Hewlettpackard announcing it plans to cut as many as 16,000 more jobs. This is part of meg whitmans plan. The Company Posted Quarterly Earnings in line with investors. Also, take a look at gap. Gaps earnings beating the street by a penny. Revenues in line. The retailer is dealing with weak demand for its gap and Banana Republic apparel brands. They had a bit of a resurgence, nor more questions. Aeropostale warning of a betterthanexpected loss. I havent been there in a while. I hope not. Its a teen retailer. I do remember the days, abercrombie, american eagle, aeropostale. We should tell you, tivo, which i do have and like by the way, tivo shares getting a boost in extended hours trading. Earnings beating the street. Total subscribers crossed 500,000 for the first time. Thats happening more often than not
Well, for one, were trying to figure out why was he playing the part of a judge, a prosecutor and an executor that day, that moment he interacted with our son. He had no right to address the law the way that he did, took Michael Brown, jr. , our son and its were really lost with words on how to express ourselves about it because were trying to stay humble and not to be so upset to where its a situation where im surprised where we havent even lost our mind yet over there. If they dont return an indictment, will you take to the streets and protest . Yeah. Yeah. Yeah. Because the fight would not be over. The movement will be like i like we said earlier in the last interview, we understand that our son is gone, but the movement will be that were trying to make sure that this doesnt happen to anyone else. No that no one else has to feel how we feel. So, yes, the protests will carry on. I want to bring in cnns sara sidner in missouri and Peniel Joseph in boston, the contributing editor for t