It will be the worst month since may of 2012. Europe still in the red as well after german retail sales unexpectedly dropped. Road map begins with markets in a Holding Pattern on this last trading day of the month. While deliberations by the u. S. And allies over intervention in syria stretch on. Meantime, a new nbc news poll finds roughly half of americans are against military action. They are kicking off that iphone trade i told you about earlier. And ge reportedly set to spin off its Consumer Lending business. Well talk more about that, too. Futures pointing to a slightly higher open on the last trading day of the month as fears of imminent military action in syria ease. The uk voting against joining any military action. The white house says the president will decide on a response based only on u. S. Interest and nbc news poll shows 50 of americans believe that the u. S. Should not intervene in syria. Never the less, guys, all the papers this morning, the journal, the times, the ft,
Thousand is the time fnow is republicans to move past the happy talk about revenues, ill defined, of course, and put specifics on the table. The president has made his proposal. We need a proposal from them. Today president obama is taking his pitch on the road. He will be visiting the philadelphia suburbs employing Campaign Style tactics in hopes of mobilizing the public to his side. Hell be speaking at a manufacturing facility arguing that businesses it depend on middle class consumers over the holiday season. Despite all this, you see the futures today indicating higher. Dow up by about 35. Does that surprise you guys . No, i dont know. I think people still think that eventually they do what they have to do and that is talk to one another. We dont need to be i dont like the campaigning. I dont like going out and selling it. You keep telling your constituents to write their Congress People or whatever. F trying to put pressure on. 250 and above raises 800. You need the cap and all th
Welcome back. Time for the last word. Jim chanos is our guest today. We started out talking about china. Why dont we end up there, too . Avoid anything with the chinese property markets, steel, cement, iron ore. Can you short australia too, jim . Certain parts of australia are going to feel this, not the whole country. This is the bubble is just being blown bigger and bigger and bigger and it is hard to avoid. Three years ago this was somewhat controversial but when a property bubble is visual, you cant miss it. Emerging markets somewhat dependent on china, too . Asia . Depends. Some are. Some less so than others. To be on your radar screen. Should just be careful, anything dependent upon the chinese economic miracle, i would be careful of. Bigger shorts on, stuff we have been talking about for years . Broadening out from china to construction equipment, things like that. Jim, thank you very much for being here in studio. Always a pleasure. Andrew, jeremy siegel, thank you guys so much
revised up 0.10 to 12.2%. a road map. auto sales optimisticed by a weak employment chatter. and pimco posting the weakest month since 2008. and the xbox s gaming ceo jumps ship for zynga to play retooling with friends. and the proposed too big to fail banking regulations are to release headlines in a moment. and dunkin brands are initiated with a buy over at lizzard. a kickoff with the markets as the futures are pointing to a slower open as the futures running down, and pimco, the world s largest bond fun falling in june and logging the weakest monthly performance since 2008. and the new york fed president bill dudley is to speak today at 12:30, and we are waiting for reports from ford and gm and chrysler is out. but broadly, jim, people are saying until we get over to the 50-day trading average, it could be a trader s summer. yes, that could be a case, carl, but i m not expecting big things from the earnings, because we have a disputed global picture, and we is wh
margaret thatcher has passed away at the age of 87. the nikkei, the highest close t and our road map begins with the markets poised ahead higher despite investors prepping for what s setting up to be a disappointing earnings season. general electric, ump approximating up its oil and gas business, provider lufkin industries for $3 billion. deutche says the airline sector is expected to take off expecting profits up 140% from a year ago. our own jim cramer on meet the press this weekend keeping about fed chair bernanke in the driver s seat. we ll kick it off with the markets as first quarter earnings season kicks off with alcoa. earnings outlook is fairly week. growth expect, compared to 6.2% last quarter is also an unusual high number of negative warnings. 107 negative revisions for s&p companies and jim, i think the ratio of downward to upward guidance is .28 to 1. it s one of the worst ever. i got that from twitter and i apologize where i first saw that on twitte