He says we could see a 20 move lower in stocks. His view that he wrote about on cnbc. Com has caught fire with readers. Now hell be here to make his cl case exclusively. Now cocacola defending itself on the program. David winters will be here this hour to respond to what coke is saying earlier this morning. This is a battle thats now escalating. You wont want to miss the latest chapter. Again, thats an exclusive interview coming up. All about compensation and governance. Of course, tomorrow all eyes will be on the employment report for the month of march. But what if we told you the key to americas jobs market rests with exconvicts . Do not scoff. Theres data that explains this and something that new fed chief janet yellen did this week has highlighted that very issue. We have a special report coming up today on closing bell. Heres where we stand in the marke markets. The dow off 23 points at 16,549. Take a look at the nasdaq, which is off by more than 1 . Its almost 50 points lower to
The u. S. To the downside by almost 3 . Macro data has largely missed today. Everything from China Services pmi to german factory orders. Our road map with alibaba. The ecommerce giant files for what could be the biggest internet ipo in history. A peek at chinas fast growing ecommerce market and one unusual company. Record earnings for disney. Frozen sales continue their hot streak. Disney chairman and ceo bob iger will join nous a cnbc exclusive. Shares of whole foods plunge down 17 this morning cutting their outlook, profit disappointing the street. Well hear from Ceo Walter Robb first on cnbc. Fed chair janet yellen will head to the hill about an hour from now. Is she going to move the markets . First up, alibabas filed for what could be the Largest Technology ipo in history. The offer could value the chinese ecommerce site at more than 100 billion, raise more than 16 billion which would top the amount that facebook raised at its 2012 ipo. Yahoo stake in alibaba worth about 26 billi
Rest of the room, collect questions in baskets just before the q a starts. At this point i would like to welcome john d. Bassett iii to st. Johns. [applause] looking forward to hearing from you tonight. I would not like to put together well to many folks here from henry county, bassett, thank you all, you share the spotlight in this as well. I could tell you about all the amazing awards beth macy has won for her writing, hello lehman fellow. But the real mark of her life as a journalist shines in a simple question. How many of you remember a specific beth macy story . How many of you remember young selena who made it to harvard with her whole community of Gainsborough Library patriots cheering her on. [applause] Award Winning stories about the somalis than to refugees that were coming to live in our community where children were going to bus stops where 12 languages were spoken . Or her series about teen mothers or how families where navigating caregiving for their elderly loved ones o
It was about a mile and a half away. G. M. s ceo getting mobbed and i mean literally mobbed by reporters last night. ,he had just finished speaking and whenever she stepped in front of a microphone these days, questions fly regarding g. M. s recent recall of those that ignition switches linked to 13 debts. In the last five years, weve made many important and meaningful steps at gm to change the companys culture. Our focus is no longer on survival. We are even more focused on quality, safety, and doing what is right for the customer then i can say at any time during my 33 years with General Motors. I hope you can say that my recent actions show that general committed to upholding our values not only in the good times but the times when the world is watching. Everybody is working 20 47 to make sure we are doing the right thing. In fairness, it was not all about inflection flexion and spend. Mary barra did have some positive news to report. I would like to announce the creation of a new g
Right about anything everything all the time. That would be unreasonable. Second, what you describe as the arrogance of the intelligence community, that is the appropriate place for politicians to be talking about oversight. To be discussing the mechanisms of oversight that already exist inside a free market or a free country like the United States. If they think there is insufficient oversight, then there is a legal redress. That is a good debate to have. A debate that should be perpetually be happening. When it comes to what i described as the arrogance of the media, i dont by any means mean the whole media. You know exactly who i am referring to. There are huge elements of the british media who are completely outraged at the snowden allegations and the way in which the Guardian Newspaper in particular was willing to set them out and are angry about how the guardian did not face the wrath of the law that an individual citizen would have for that level of disclosure. There is quite im