For sue herera. And im tyler mathisen. Welcome, everybody. Higher highs. Stocked pushed further into record territory thanks to a strong start to earnings season and the expectation for further stimulus from global Central Banks, and it is those expectations that have supported the rush into riskier assets like stocks over the past couple of weeks. And as stocks went up today government bonds went down, and their yields, which move in the opposite direction climbed. The Dow Jones Industrial average up 134 points to 18,506, its first fiveday win streak since march. The nasdaq added 28, and the s p 500 gained 11. Helping todays rally, strong earnings from dow component jpmorgan. The nations largest bank by assets beat wall street earnings and revenue estimates. That send shares higher by 1. 5 . Kayla tausche has the details on jpmorgans report and why it helped ease the gloom surrounding the Financial Sector. Reporter Jpmorgan Chase setting an optimistic tone for the Financial Sector aft
Englishman in the house to discuss it. Google unveiling a new smartphone called the pixel. A number of other hardware products. We got someone who says todays announcement shows google is finally ready to take on apple. Hell explain why. Who comes up with those names . Pixel. Reminds me of the movie. Pictures from facebook, guns, sex, drugs, and facebook. Is that what you do at night we told you yesterday about facebook is this what its going to be like for two hours. Facebooks new marketplace was launched yesterday to take on the likes of ebay and craigslist. People are already selling some illicit items on the facebook site. Well tell you how the social network is responding today as we show you more and more of these photos here. And for the first time medical device maker is warning consumers about a cyber bug in one of its products. Johnson johnson said one of its insulin pumps is vulnerable to hacking. We got details. And the guy able to hack the device. This is no longer just an
They say the central bank has more tools if needed. If inflation dynamics change and if necessary, we would not hesitate to adjust our economic policies. Investors at glencores plans to spin off more assets as the embattled investors put their chile an mines up for share. Passing the government stress test trying to decommission germanys reactors. Good monday morning. Im susan lee. Coming up on the program, if europe needs swagger then ferrari can help. The car maker kicks off its ipo road show which could buy the firm almost 10 billion. Also, we go 100 meters below europe to take a tour of the Worlds Largest scientific laboratory. And europes got game, at least when it comes to football. We hear from a legend of the game, rio ferdinand. All this week on cnbc well be talking about why europe needs swagger. After nearly a decade of financial crises, bailouts and endless summits, europe is facing somewhat of a crisis. For all of its problems, we decided europe needs swagger. Firks lets l
The truth on behalf of the families for the four dead americans. I should not be a distraction from that, and thats part of the decision as well. Thank you very much. Theres been some rumors that a letter that was put out by no. Can you put to rest those right now . No. Come on. Who do you think [ inaudible ]. Huh . Who do you think i think the conference should be able to decide. Thank you all very much. Okay. That was Kevin Mccarthy listening right there just a few moments after he shocked a lot of people pulling out of the race for House Speaker. He said of the party, i think were going to be stronger. He admitted that the vote was going to be tough, said he didnt want to win with 220 votes, would rather win with a much larger majority and also commented on the comments he made regarding the Benghazi Committee saying that wasnt helpful to the overall process. Were sort of left in limbo as to where the vote for House Speaker goes from here. The stock market clearly didnt like the new
Happening in the markets. The shanghai had a very good day and machine orders, not particularly strong, jim. May have pressured that mark down as much as 1 . Tenyear note yield on all this news about selling by Central Banks around the world to a certain extent. It is hanging in there 2 . The chinese continue to do some selling. Crude has been much of the story this week when it comes to our equity markets and even the highyield market. It is creeping in there. Thats some new highs. We havent seen edging towards that 50 level in quite some time. Lets get to our road map this morning. It starts with dell and private equity firms silver lake partners. They are in talks to buy data storage link company, emc. I will have details. A strongly worded response to millers rejection of its latest offer. Alibaba is out with a company update. They are launching a site called alibaba defined, trying to clarify whats going on at the company for those that dont know it as well as they would like. It