For the new world . We love the canadians and rbc has been great. Intell me what is going on the u. S. Particularly with the stock market. We had this great run and everybody is concerned we are down about two percent year to date, which is really just noise. The real story is that corporate rockets are coming in really strongly during earnings season, the beats are coming in about 2. 5 , and it is all on the margin line, and that is a real surprise for people. I think it is actually a very bullish call or a list signal that profits are up. We have two Big Companies reporting, procter and gamble 121 versus 120, you had kimberlyclark coming up, they beat analysts estimates. But as he said, sales lower, profit higher, what do you think . Expansion of multiple that will lead this market higher . This year in a 2014 will be very different than last year. It is the earnings story that will come through. When a lot of who have been concerned about is the budget, they cannot go any higher, co
Approved by the house last week the proposal would reduce the ofid fir is ls budget deficit by 23 million 23 billion and would eat would ease spending cuts by 63 billion over the next three years. E Semiconductor Industry soal in r this year. Another stock we are watching is many in washington, the strategists, they are taking the truly oh. Bright side, congress got the real estate website has lost something done. We could have been bigger but this is washington and we just it is compared to eight a grandver get percent to use truly up. Compromise, that is not in the cards. I think the deficit will another company we are keeping continue to falter magically for an eye on is ups, the worlds the next two or three years. Going to bes is not largest Package Delivery company is now in its busiest season as it ramps up for the workload for the holiday season. We took a look at how the outlays, the new focus is going shipping houseve to be on revenues. Of i think we will see growth as ace i t
Dynamic with this dynamic ventilator reserve representing over 4000 ventilators. Not only do we have the top academic systems like the Cleveland Clinic but we also have Top Health Systems from new york city, new orleans, Washington State and california. 0ver Washington State and california. Over a week ago these places would have needed help, but now they are here to help. Theres been no american that has needed a ventilator that has not received one. This dynamic Virtual Reserve combined with our strategic stockpile will ensure that this is a lwa ys stockpile will ensure that this is always the case. I would like to thank the president for his leadership and directive to focus on public and private partnerships like this one, i would also like to thank sam hayes and for hga but lloyd dean from common spirit, for leading this effort with the aha and federation of American Hospitals. His have been difficult times, a few weeks ago the Vice President came into my office
and he reminded us
Good morning. The days top stories, the Global Markets. Political paralysis, the point of that in italy spooking investors and lead to go a selloff on wall street. And then asia follows suit overnight. European stocks are tumbling on upper trading this morning. It is tuesday, february 26th, 2013 and squawk box begins right now. Good morning and welcome to squawk box here on cnbc where thirchx feel a little under pressure. Im Andrew Ross Sorkin along with joe kernen and becky quick. Well, becky quick is off today. She will be back tomorrow. Global markets focusing on italy this morning. Sylvia berlusconis center left rivals won parliaments left house, but failed to win an absolute majority in the upper house. This is creating uncertainty. Berlusconi has ruled out an alliance with former italian Prime Minister mario monti. Hes arguing the results reflect unpopular discontent with stocks. We saw sharp drops, italian yields jumping. Check out early stocks in european trading. This morning,
my alma mater, jpmorgan chase, still, to be coming to terms with it, shall we say, and in the thick of it, frankly. let s talk about that. jp morgan, a much bigger counter party, a much bigger banker to jeffrey epstein. their ceo, jamie dimon, is going to be deposed. i spoke to the bank tonight, and they said, on the record, unequivocally, jimmy dimon, never met jeffrey epstein, never communicated with him, never played a role and irony ben s nest with him at anytime. however, getting deposed is a big, painful deal. and jamie dimon has israeli in the hot seat. what do you think is going to come of this? well, i m not even want to beat the post. no one does, okay? like, in his defense, no one does. maybe donald trump likes it, i don t know no way. okay, i m sure jamie isn t going to like it. he is a professional. he is going to be well advised