Outreach department inside the white house. I think its an Intergovernmental Agency outreach, scott, where we will be talking to state and local governments. Its a business outreach, businesses large and small. Trade associations, but i think we want to do is we want to execute a plan out of that office where people feel that they have a friend and advocate inside the white house that will help them. The cornerstone and the prism that were going to look through everything through i should say more appropriately, is small businesses, middle class families, working class people. What can we do from the administration to help those people in the United States with wages, opportunity, retake the aspirational side of being in a working class like, you know, our parents were. People have likened your role to what Valerie Jarrett is doing for president obama. You have even used that same terminology. Youre going to meet with her, in fact, today. I think what i said last week when the role lea
Volatility and various assets as investors try to figure out what to make of the data. Number was worse in terms of the number of jobs added but we also saw some wage growth and we have heard a little bit of mixed reaction to this number. Stocks are down at the moment but there are a number of different factors driving them. The nasdaq is the underperformer, down 6 10 of 1 . Look at the s p 500, we have had a lot of bouncing around even athlete got the number. That even after we got the number. We saw futures recover to some degree and confusion being reflected during the course of the session. We are seeing similar reaction in terms of the bouncing around in other assets. The dollar, for example, a lot of zigzagging in the wake of this report. We saw it go higher and it has been bouncing around since. Seeing aar note also lot of bouncing around between gains and losses. Saw a sharp decline in yield after the number was announced but it has since recovered. It is only up one basis poin
Decade. Shares of the gap falling hard in premarket adding to the companys double digit stock slump. Shares of valeant and malinckrodt are lower. Still down in the premarket. Well have the latest on that scrutiny of and by citron. And in a few minutes, Mary Jo White will join us from d. C. Whats at the top of the regulators to do list . Stocks are set to open lower after rate hike concerns helped to extend the s ps losing streak to four and sent the dow back into negative territory for the year. Transports remain 12 below an all time high. Utilities down 15. A lot of signs that maybe we lost the momentum we built in october. I think we did. Norfolk southern up big yesterday on chatter of the possible bid, didnt seem to matter, the transports. No. That bid itself may be highly unlikely given the regulatory impedime impediments. People go, of course, theyll let that go. We need railroad in this country. Both class ones under the Surface Transportation Board, unlikely. Well see. I said so
Exclusive deal to debut a film of the pop stars world tour. Good morning, everyone. Were roughly 1 15 into the trading session and this is what youre seeing. Youre actually seeing green. I guess very few people had expected this after the poor showing that we got after the asian trading after the big dropoff from u. Is the dropoff on friday. The dow was off 3. 3 . The dow off 4. 1 for the week. The ftse 100 off of. 5 . The xetra dax up the same. The cac 40 up even higher at 0. 9 . This week we saw it in asia and the junk bonds and the oil route. In asia the shanghai comp is up 2 . The Macro Economic data was up better than we expected. The fixed Asset Investment is at least in line. The anything kay is also off by 1. 8 . Meantime, the yuan has hit a fresh year low. The trifecta in china. U. S. Futures, pretty tough week for wall street. Markets slumping. All big three indices falling more than 3 . We saw the biggest single daily decline for the Dow Jones Industrials and the s p 500 sin
Velshi, and this is real money. This is real money. You are the most important part of the show. Tell me what is on your mind by tweeting at ali velshi. So many of you have been. I appreciate that. With the ipo, i considered changing my name officially to alibaba. The giant chinese ecommerce and its ceo pulled off something that 88 million americans had never heard of. Antoday it took the New York Stock Exchange two and a half hours to process all the trade orders for the stock. When trading fine ligand alibaba opened at 92. 70 up 30 from the initial price set of 68. By days end, 267 million shares had traded hands and the stock closed at 93, and its larger than amazon and ebay combined. And jack mas stake in the company is worth 18 billion. What about the restitution of ofwhat about the rest of us. The odds are we didnt get the 68 ipo price. If you got it, you probably got in even higher. Usually Retail Investors get 10 or so where the majority of stock goes to Company Insiders and in