Moment. Payback, right . As somebody who has had trouble once or twice on the George Washington bridge getting close to arriving. But arriving on time, im now well, now were one for one, i guess, because i had my one incident a couple years ago, and then i got close a couple of times. Joe looks good. Very dapper and hes so quiet. What was that, joe . Keep the camera on me, please. Thats the joe we know and love. Anyway, joe is on his way. Again, he had trouble and hit a pothole just outside of new york. Hell be here in just a little bit. The Global Markets reacting to the feds decision to begin tapering next month. The dow surging to a new alltime high adding nearly 300 points to close at 16,167. In asia, a mixed reaction. In japan, the nikkei closed at a sixyear high gaining nearly 2 to close at 15,859. Right now in europe, youll see at least with the Early Morning action that they are getting some pretty positive numbers there. In france, the cac is up by 1. 4 . Same story in germany
Gm said it expects to take a charge up to 750 million in the First Quarter, mostly related to the costs of recall repairs. Shares of gm, theyve come off their highs of about 42 million a share, now trading at about 34 a share. We will see what happens to that stock today at she begins to speak at gm. In just a few minutes, weve got represent michael burgess. Hes going to give us a preview of todays hearing. I still dont know if this is theater or what you can get from Something Like this. Its hearing her, the first thing i thought of was its good for her to be able to say that, but talking about an entity, were not talking about an individual. But it does help when the individual is sort of new and wasnt here for that. You can sort of say from now on, gm will be like this. And this is the past. Im here now. No longer going to be like this. So that is an advantage. And i thought, how many more heads up for this . You figure not hers, but well see. 750 million, i thought, wow, for gm, th
York stock exchange. Hi, sue. Hi, ty. Were going to start with jobs in america on the eve of the jobs report. Jobless claims up 14,000 last week to a seasonally adjusted 344,000, higher than expected. The challenger report said job cut announcements were up 17 in april. But then the institute for supply managements Employment Index rose. So bob pisani is joining me right here on the floor of the new york stock exchange. Were near alltime highs on the Dow Jones Industrial average, just about to turn positive again. First, though, to senior economics reporter Steve Liesman on the jobs. Stevie, over to you. Hey, sue, thanks. Most economists out there are pretty optimistic about the friday jobs report. Well get to the forecast in just a second. Want to sew you that ism april manufacturing component that you just talked about. You can see that little winter swoon and popping back up in april. Not back to the best levels of later last year, but certainly ticking up at a good sign for manufac
Minutes. Also we have two huge earnings reports that could dictate the tone for tomorrow. We have netflix and ebay due out in be aab an hour from now. Instant reaction from the market coming up on the closing bell. Also what is the single biggest mistakes investors make . One of the most successful Money Managers in a generation tells cnbc exclusively what that mistake is. And forget irobot. Instead, think i unemployed. Lets not think that. We will have a special report on the ro gres in robotics that has come so far in the past generation. What was the statistic we were reading . In the next what decade was it . Robots so replace 70 of the businesses that exist in this world right now. Thats incredible. It is, but its hard to actually think about that being the case. Its an interesting thought, but at the same time you can think about the way robots are augmenting and maybe opening up whole new fields of employment even. Exactly. But what does that do to the humans . What does it do t
Activist investor Nelson Phelps is taking his to the next helpful. Out now with news this morning that the founder has sent a letter to the company, to calling for or dupont, rather, dow chemical, dupont, calling for a breakup of the country. If this story sounds familiar, hes been working since back in july of last year that we first reported that he bought a big stake in the company. He says that this is an excessive Holding Company cost. He estimates 2 billion to 4 billion of excess corporate costs. He says the district businesses are overwhelmingly complex. How big is his stake in the company again . 3 . Hes probably the largest shareholder. For us, it would be a big stake. For you, its like 2 billion or something, 1. 8 billion. It would be a big stake. For me, not for you. But both, you know, dow, dupont, theyve been its too slow . Theyve been doing a lot of stuff. I didnt get it from anyone. I got it. You got a cold . I do. Both kids i know, i know. Dust mites. I dont know what c