Up on the kudlow report starting now. Good evening. Its 7 00 p. M. Eastern time, 4 00 p. M. Pacific. Im Michelle Carusocabrera in for larry kudlow tonight. This is the kudlow report. The newest enrollment numbers for obama care are out, 229,964. That is the state exchanges and also the latest number from health and Human Services on the federal exchanges. Thats it. Less than 230,000. Colorado has signed up only 6,000 people so far. Thats barely half of their worst case estimate was, and that comes despite, take a look at your screen, remember this, the aggressive and embarrassing ad campaign that was at times overtly sexual, this brosurance ad and this one from the website, do you got insurance. Com where a girl hopes this guy is as easy to get as her Birth Control s. Not working for you, colorado. The desperation continues. Organization for america is telling supporting to harangue their friends and family about obama care at the thoifg table and the aarp wants their members to nag th
Better. Some red arrows in europe as Indias Parliament continues to fight about berlusconi. Our road maam begins with the s p, looking to claw back some ground after yesterdays closing at the low, below 1,700, the longest streak of the year. Jcpenney had been pointing down sharply again on continuing concerns on whether they need to raise capital and just how much. But the stock looking up after the Company Comes out with a release saying, hey, were still seeing progress here on our turn around. Well have the entire story in a moment. 11 billion is what jpmorgan could end up paying to tie up security probes. And jcpenney did fall below 9, getting close to an historic intra day low. The company has a statement out saying theyre pleased with their progress thus far in their turnaround, starting to see greater predictability in its performance across many areas, improved by its purchase conversion, which has been a longtime Sticking Point and anticipates will experience positive comps com
Inshestors shrugging off a drop in First Quarter sales. They were hit by adverse currency effects. And the italian Prime Minister shakes up the corporate sector proposing ucos and investors take a dim view. Shares trading lower. Welcome to todays program. Well take a look at where we stand with equities. Just over an hour into trading. Pretty even stephen advancers versus decliners. Of course, yesterday it was up 22 points. Very strong retail sales out of the u. S. That pumped the u. S. Markets up. The s p was up eight. Played a little into todays session. Right now the ftse is down some seven points. Ukraine, just weighing a little bit here. Dax is off a third. Number of individual stocks that were looking at this morning, well kick off with those. There is a lot going on with this particular stock and shares suspended. They were down 10 at one point. Reports that the tuscan lender was planning to increase the hike. Trading down nearly 10 before they suspended. The bank now confirmed
We also have a packed agenda today. 8 30 eastern time. June cpi. Economists are looking for the headline number to rise by. 4. Among other reports to watch today, Industrial Production. Thats up at 9 15 a. M. The nationality association of Home Builders survey at 10 00 a. M. Our market newsmaker of the morning, squawk master Mohamed El Erian will join us. We have a lot to talk to him about. Beyond the data, the other big economic story of the week, fed chairman ben bernanke heading to capitol hill. Hell testify before the House Financial Services committee. Thats at 10 00 eastern tomorrow. Then repeating that performance in front of the Senate Banking committee on thursday. A lot to chew on there. Politicians are expected to grill him about the feds Bond Buying Program and plans for tapering and, of course, if widespread rumors that bernanke will step down in january true, this could be his last Monetary Policy report to congress. I bet he would miss that. We should also note that tomo
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