Last two weeks. The yields on debt that comes due in one month have risen to levels higher than yields for maturity thats dont secure for six months. Thats a big deal because normally an issuer would pay to borrow for longer periods of time. The institutions want to avoid being stuck with debt in the event of a default. Citigroup has told clients it would rather not take treasuries on october 24th as a sign of collateral. Andrew, this a sign your money is no good here. Weve got more on the situation in washington in just a few minutes. I dont know if people are going to be taking paengz or not, but i think we should see a number of Companies Set to post Quarterly Results for today. Before the bell, well hear from the follow. Citigroup, cocacola and johnson and johnson. Intel and yahoo are among the other we will be hearing from. Burberrys ceo is leaving the British Fashion house to move to, guess where . Apple. Angela ahrendts is going to take up a newly created position at apple with
German Business Confidence unexpectedly weak. Green arrows at a 40month low. Our road map begins with what to do after the selloff. We finally have a dow component raising guidance but has anything changed with 40 of S P Companies beating on the top line . We travel to get cramers take on at t. Facebook is up 20 plus percent this morning. Thats after beating by a penny and showing signs its monetizing mobile at a decent clip. Upgrades are in full force. Shares are still to be unlocked. If theres a true disappointment, it might be netflix. Missing its target on the year on subscriber growth. What does Reid Hastings need to do about that . First off, markets looking to bounce back from yesterdays selloff in which the dow fell more than 200 points for the second time in three sessions. Havent done that since last thanksgiving adding to positive sentiment this morning, pmi out of china threemonth highs a sign the countrys manufacturing slump may be bottoming out on a day in which fed polic
Citizens united is by far the biggest there. Upcoming case will be another one, the listing rules for aris. And potentially some Court Watchers believe, he could not down the benefits given to candidates and parties themselves. So, the Citizens United is the most highprofile decision on this issue, but very much in a string of cases and we do not know how this is going to and yet either. Marianne from tennessee on our line for independents. Good morning. Caller good morning. I have a question about dark money. When the representatives who are supposed to be representing us shut down the government over obamacare, the stock market went down. Resumed, iternment went up the same day. Since these representatives get a heads up on the market movements, how many of them made money, who were they, and how much . Host andy kroll. Guest that is a good question. That gives back to what the previous color said about the stock act. There is absolutely the for them to act on information they have a
People take advantage of the somebodyat giving money to do things is incentivizing them to do nothing. Well, you know, i think that is a lot of the debate over welfare reform in 1996, that a lot of people felt like that, that we should not incentivize people to stay home and not work areas that i think there are a lot of misconceptions about that. As it turned out with welfare reform, a lot of people getting will fair back in the 1990s were working. Know, the Welfare Benefits in the 1990s, you could get maybe 400 a month for a family of three. No one can live on that. It was a fiction that 400 a month could keep you home. That money is even less today. I do not know anyone who had the opportunity to take a job versus get food stamps and would take the food stamps. It is just not enough money. Obviously you can make more working and have a better life. Its a pretty easy ovulation. Im sure there are people out there who may be working the system. A pretty easy calculation. I think they a
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