A triple digit loss yesterday. Digit loss yesterday but all over the place, wild swings based on what washington wasnt was not getting done and now is getting done. Connell or may get done. Tonight but now in a rally. Nicole petallides at Stock Exchange talking about what . Nicole talking about washington, john boehner, lawmakers getting closer, you start to see the markets take off in a positive way. The sectors have up arrows whether it is drugs or banks or technology, nasdaq composite up 1 , the dow up 3 so you are seeing a great run end news across the board. Bold is pulling back and the vix, the fear index is to the downside, nodding of nervousness. Shares of bank of america reporting Third Quarter profit. Better loan quality, up 120 of 13. 60. Connell the clock is ticking and news is breaking in washington. We heard from a senate aide in the last few minutes that a deal on the senate side is finalized. The Nick Peter Barnes has the latest on what happens in the house as well. Pet
Month well below the forecast of 200k and the Unemployment Rate falling threetenths of a point but the decline was largely as a result of people, jim, who are leaving the workforce. Right. You called it an outlier a few moments ago. Outlier, but one thing i learned about the numbers is when you get an outlier, the market still trades off it. We can i say dismiss it and throw it away, bonds are soaring and Interest Rates are down. Maybe were in a bad news is good news moment because Interest Rates will come down. The last few mortgage numbers have been okay. The refis are bad. This is helpful for housing. But if we dismiss this number, then we should dismiss the 300,000 numbers. You cant play that game. You cant decide, you know, this number ill throw away. Its a real number and its a bad number. Well talk to secretary perez later in the area. The Participation Rate and the loafest since 1978 and the seasonal quirks, january, february can be weird. Not to excuse the number. No, no. Abso
This could be an indication that the market is expecting that number to be stronger than 200,000. If youre looking to track the money trail, taking profits after stellar stock market gains in 2013. In the meantime, 1. 6 billion was poured into taxable bond funds. Lets take a look at the tenyear. At this point, its yielding 2. 968 . So still below 3 . Thats significant, too, and something joe is watching, as well. Andrew, over to you. Alcoa used to be the dow component, we used to care so much about it. Theyre reporting Quarterly Results after the close. Earnings falling two cents below estimates. The Company Issued an outlook for stagnant growth in the global aluminum demand. And the ceo was on closing bell yesterday afternoon. We continue to invest in large future opportunities. Automotive being one. Right . And that is a great one thats coming up there. We continue to invest in aerospace with aluminum, lithium, new products coming out there and we continue to invest in bringing down
A lot of selfies. Including one with the shows star, steve bushemi. I to this take think those were only flashes. None of those cameras had any film in them. When you walked the red carpet . Yes. And to get that many people to cooperate, to pretend they were not pretending. Well, they werent, but we did get introduced and they were like because what happened is you were so late because you didnt know where the bridge was, you were so late that all the stars arrived and they all go in last. So we walked through with them. So they were confused. They were like, theres a lot of customers. They thought we might be part of the andrew it served you well in that case. It did. Otherwise we would have been welcome but then you left and i walked the whole premier alone. He was this is what a the mandate. It wasnt a mandate, but theres wing men and theres buddies and i was there. I was there for you. You were there for ten minutes, andrew, and then he left and i sat for a hour at boardwalk empire
Billion sales of its canadian operation. Coming up, the sony of ceo tells us why its taking so long to turn around the business. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Nato is poised to bolster its European Defenses and increase its support for ukraine. President obama landed yesterday after a turbulent day which started with hopes that russia and kiev started with a ceasefire and ended with Vladimir Putin outlining a road plan for peace. President obama dismissed the plan as, quote, deception. Meanwhile, the french president Francois Hollande says despite the prospect for a ceasefire, the conditions for paris to make the first delivery are in place. Ahead of the summit, hadley gamble said to the head of the center for strategic studies asked him whether the fears about russias expansion were justified. Far too many countries arent even spending 2 of their economy on military and defense. The United States spends around 4 . The pl