Short those names in the Holiday Season . Broad market is lower despite the gdp number. Well get the view. Bombshell ticktock in the New York Times. Futures off the lows after the release of the final preliminary hearing gdp report from before the president ial election. Data showing the economy grew 2 in the Third Quarter. Thats above expectations and up from 1. 3 we saw in q2. Numbers were boosted by Consumer Spending and defense and a big part of this, well see today whether were still in an environment where people question data clearly gdp is more hard to manipulate than the jobs number. I thought the same. As soon as numbers came out, i said the people who do not like obama will say this was padded by five more planes sold. This one was padded by an error that will be reversed or california counted twice. Were in a weird mode. Whatever it said, if its positive, its a lie. Im not buying that. These are good numbers. Reverse the market. Its for real. Good or just not bad . Not bad.
Germanys chancellor Angela Merkel speaking out calling crimeas referendum on joining russia illegal. Lets get to jim maceda of nbc news in moscow. We are looking at all the different ramifications and details. And one of them, jim, is the lock that russia has on energy in ukraine and the west would have to there eticly make up for that if they dont go with russia. So now we are looking at the details, and once again, a lot of it is about money when it comes right down to it. Reporter its about money, its about energy, and right now its about president Putin Holding all of the cards, joe. Were only six days away from the referendum you referred to in your lead. Taking place in crimea. But with those international monitors now prevented for the third time from entering the peninsula over the weekend, theres no reason to doubt that the final result will be a vote in favor of seceding from ukraine and becoming part of russia. Those russian or prorussian, if you will, troops continue to con
The jobs number. The nikkei is now up 50 for the year. That is the best since 1972. Our road map begins with momentum from fridays jobs numbers. Markets looking to extend their momentums today after the dow and the s p turn in their first jump since a month ago. American Airlines Begins trading today after they blocked the merger of american and us airways. Mcdonalds samestores sales. If you are attempting to travel for business, were going to get you updated on the fallout from the big Cross Country winter storm as it moves out of the northeast. First up, stocks hoping to continue their upward momentum from fridays jobs. A 198point jump in the dow sent the blue chips up above 16,000. They saw their weekly winning streaks snapped at 8. We came within. 75 of a point on the s p of making it nine straight weeks up in a row. We havent done it since 04. Missed it by that much. Lack of bad news. We saw friday the beginning of what a lot of people are thinking, wait a second. Maybe the transi
But those earnings, not least apple last night, failing to give the bulls enough courage really to drive the market higher. We will see how we fare during the course of the next 60 minutes, sue. Back to you. As you just mentioned, positive news on the economy ahead of the elections. U. S. Gdp growing faster than expected. It looks like consumers are hanging in there. But corporations are still sitting on the sidelines. Our Steve Leisman is here to break down the data and look at what it all means for the economy ahead. We saw from the data this morning a split economy with consumer growth hanging in there. We saw that also with this mornings confidence numbers. Business investment though is flat to down. The best part of the 2 growth number is that it is an improvement from the weaker 1. 3 figure from the second quarter. And the housing we got started to show up in the broader economy. Heres how we got to 2 prg . Consumers, 1. 42 Percentage Points to the gain. Business, investments and
Again, more fundamentals. Earnings palooza comes your way with at t, young branum brands. Amgen and gilead. Well have the information first. The analysis, the market reaction, everything you need to know coming up on the closing bell today. Also, should you be allowed to accumulate stock in a company you know will be a takeover target . Some say thats what bill ackman did. The former head of the securities and Exchange Commission harley pitt weighs in exclusively about whether or not its legal. Very thorny, controversial issue. Heres the numbers and all that we have for you right now. The dow, as you see, rallied from the getgo. European markets reopened today after the easter holiday. And they were in a buying mood as well. The european markets were higher this morning. The dow up 96 points off the high. We need to get to 576 for the previous alltime high. So as you said, were about 31 points away right now. Nasdaq up 45 points. Once again, the strongest of the major averages with a g