Line for q2 and the second half of last year was the strongest since 2003 and europe is trading much better than the nikkei would have suggested. Our roadmap begins with the market. Stocks are set to open in the green this morning after the major indices fell more than 1 in trading yesterday. The good gdp number helping sentiment after the economy grew as we said by 3. 2 . Speaking of green, shares of facebook are soaring after sales and profit topped estimates thanks to a major increase in mobile ads. Profit for the year totaled 1. 5 billion compared to 53 million in 2012 and what a difference two years makes. Google is selling motorola to lenovo for just under 3 billion. Just a couple years after buying the company for about 12. 5 billion. But well begin with the markets. Futures are pointing to a higher open after yesterdays selloff on the gdp reports and claims and the economy is growing 3. 2 in the last quarter shrugging off the effects of the Government Shutdown and the debt stan
Red lines are all about. Live from bloomberg headquarters in new york, this is Market Makers, with Erik Schatzker and Stephanie Ruhle. Good morning. It is thursday in new york city. You are watching Market Makers. I am Erik Schatzker. I am Stephanie Ruhle. After a week and a half, you may not be excited about it. Allquote mariah carey i want for christmas is new got a change the topic very quickly. Got to change the topic very quickly. We have an unbelievable lineup. We are already getting calls saying that joe baratta is on, i want to cancel meetings. Then we will be speaking with Alan Mullally. I will share the interview i had yesterday afternoon. Herbalife. Ing lets not forget about bill gross. Who can forget the bond king . For now, lets get to the newsfeed. It is the top business story from around the world. The u. S. Economy grew faster in the thor quarter than first figures showed. Up from the initial estimate of 2. 8 . The biggest increase in inventory since 1998 is the reason.
Postponed because of the economic shutdown. The jobs report is now due on tuesday. And investors are going gaga over google. The internet giant posts First Quarter earnings that easily beat forecast. So welcome to the first hour of worldwide exchange. Here we are, just an hour into the european session and around about 7 to 2. The ftse yesterday was just up 4 points. We close at 6,576. We saw the dow fairly flat. Thats giving us a bit more of a boost on the ftse. Up 0. 25 . The xetra dax up 0. 1r5 . Cac 40 up 0. 3 and the ftse mib is down 0. 1 . Google is posting its best Profit Growth in more than a year reporting earnings. But a full in the prices paid for each click. Google stock in frankfurt, up 7 . Angela merkel down 2 today. Its talking about Third Quarter copper production, which jumped 32 year on year. But the british based Multi National reported a full in iron ore output. Loreal is up nearly 2 . Its followed confirmation that the business is in talks to buy two of japans Fren
Then, now i can move over here, there is sue, the it fed, decision time, one hour away and where does america stand on job creation . Its critical, obviously, to the fed and to the economy. Adp number out this morning, not so great. Lets check in with you at the nyse. Youre absolutely right, and we will get to that but we want to start, ty, with the fireworks on capitol hill as Kathleen Sebelius goes before the house energy and commerce committee. Bertha coombs is on the case on capitol hill. Over to you, bertha. Sue, the hearing lasting more than three and a half hours and members of congress usually a little more def ren shall to a cab meth member but they did hit secretary Kathleen Sebelius hard on a number of issues. She started out by apologizing and taking responsibility for the website nurse and its improving every day. Clearly there have not been enough but she said none of the contractors who said they raised red flags said the problems warranted delaying the october 1st rollo
Trading day of the year. We looking like we have an up open. As for that allimportant im going to put allimportant in front of the 10year every time i say it. Europe is largely green is where we are right now in terms of the markets can the 10year go to 3. 89 . I pick that number because thats where the spanish 10year is. Unemployment, three and a half year low. Spanish bonds are trading at a three and a half year low itself because business has come back. Is that maybe a little bit of a roof . Do you think its possible that our 10year is going to go through the spanish 10year . It doesnt seem possible. So maybe we should stop fretting all the time. And i italian 10year. Before we go phracrazy, we an better shape than they are and they should have their own currency. It really is insanity were so worried about it probably is a good thing, not a bad thing, because its saying a lot of good things about our economy. Im more concerned do you know when i did something that was cardinal sin,