Stephanie ruhle. Weve got the nobel Prize Winners plus your exclusive with James Patterson. Right now, we will begin with a bulletin a new ceo for the recovering retailer jcpenney is going to be Marvin Ellison who is currently the executive Vice President of stores at home depot. He will join jcpenney then formally become the ceo in august to replace mike ullman who is now in his second tour as jcpenney seo and has been trying to revive jcpenney. Bill ackman has gone public in shares of Pershing Square holdings are trading down this morning as 11 in amsterdam. It raised 2. 7 billion in its ipo. Hans nichols about what he will do with the money raised. The cash we have raised we intend to use for a new commitment. We will announce that in the next 4560 days in the capital goal will go for that new investment. A usbased company . Yes. . Can you giveme a hint on the sector no. A potential merger in the Railroad Industry has been derailed for the moment. Csx has rejected a takeover offer f
Biggest gain since june of 2012. Crude prices rallying. Now 6 as you can see to 47. 41 on west texas crude. Weve given back some gains. The gains we saw on the settle. Nevertheless, enough po move theto move the markets off the low. Meanwhile, its the hottest ipo weve seen in some time. Were talking about shake shack. Up 132 or nearly 28 from its opening price. The burger destination causing a big commotion in the neighborhood. These are the lines outside until just about an hour ago. They had set up popup locations for the ipo assignment. They were free, open to the public. We both couldnt believe how long this line was. Look at it there. Stretching all the way down broad street. The valuation i read for where were trading on shake shack, 26 27 million per outlet. Not bad. Well watch as they continue to expand. By the way, guys down here on the floor arent too maple leaf. They didnt get those shake shack burgers. They didnt get them. Jpmorgan was the lead underwriter for the deal here
Company, about succession and more. Apparently that race is down now to two guys. Yeah. Well take a look at who they are and why they are potentially his successors. Lots of good questions there. Meantime, stocks are rallying on the first trading day of the month, and even though they are coming off the best month since october 2011. The big market story here is the nasdaq hitting 5,000. Remember, it was 15 years ago this month on march 10th 2000 to be exact when the nasdaq hit its peak. March 2009 when it hit its low. We Team Coverage for you. Melissa lee on why it is different this time around. Bertha coombs on what the fax 100 is telling us. Are first, dominik chew standing right next to me looking at the stocks that got us here. Dom, what are the names . I mean over the past year there have been stellar runups. Obviously, when were at 15year highs for the nasdaq a lot of companies have to contribute but its a market cap weighted index, and these are the stocks that have big market
The general election. Mark welcome to countdown. Manus as miliband prepares to unveil his manifest with a pledge to lower the budget deficit, every year we look to this week in politics and the bloomberg debate. Caroline to export engine in the worlds secondlargest economy is suffering. Lets head straight to hong kong. Yvonne has the latest. 14 decline, a big miss. Yvonne it is definitely a nosedive, economists were expecting an eight point gain but those overseas shipments falling close to 15 . That was also a miss. Economists expecting 10 in the fall. That makes the trade surplus at 3 billion. Compare that to february when we saw 60 billion in trade surplus. There is that falling commodity price which is driving down the value of the imports, instead of an actual fall. The currency one thing to take a look at. The stronger yen. Compare that to the chinese goods may be looking relatively more expensive compared to their counterparts and they may start to see that big impact on chinese
Hour by using the hashtag ajreal money on twitter. Were ten days away from when the treasury secretary says his [ technical difficulties ] so let me start with what the actual problem is. Every day the treasury brings in money from taxes and other sources, and it pays money out. Some days the government takes in more money than it pays out, but in general it pays out more than it takes in. To make up the shortfall, the treasury needs to borrow money from the public. This is a copy of a treasury security. This is a 30year savings bond. There are treasury bills, notes, and other bonds that investors can purchase to lend money to the government for varying length of time. But they all work the same way, you lend the government a specified amount of money and you get money in return for doing so. Tresh shoers are one of the most markable securities in the world, because they are one of the safest investments out there. Interest on treasuries is one of the most important payments the treasu