The month of october well above expectations and in spite of th twoweek shutdown. Unemployment rosto. 3 and the numbers from previous months were revised upward. The most eagerly waid ipo, the initial publi offering since facebook started tding. It soared to 75. A 70 increaseo where it was priced at26 a are. All went smoothly at the new york stock change. A contrast to the problems facebook had on theasdaq. Ththird quarter gdp measured 2. 8 . That was wl above the 2 expected. The st reading in two years. Gasoline pricesave been tumbling. The avege around 3. 25nd in somereas below 3. The reason, u. S. Oil pruction is booming and the middle east is ratively stable. A busy week for t markets nerecord. Thbig ipo and the jobs report. What does it mean f your money . Joining now is larry kantor and nathan bachrach. Good to see you. Thank you. It was a etty good week. The jobseport on friday, big surprise. 204,000 jobs created for the month given the Government Shutdown the expectations wer s
Take a look at europe. Whats happening across the pond this morning. More green than red right now. At well, you got about 3 1 2 hours or so before the european markets closed. And the roadmap starts with the markets. Stocks set to open higher this morning after posting a nice gain at the close yesterday but the one thing you really need to be watching this morning is the move in gold. Plus, earnings at nike beating the street but the stock slipping during trading thus far. Were going to break down the numbers and tell you exactly why the stock is moving that way. And ecking of earnings tiffany is slipping on weakerthanexpected results in the latest quarter, so why is the companys ceo touting record sales . Well, we have some answers. We also have breaking news this morning on the fed. Steve liesman is in washington with those details. Good morning, steve. Reporter scott, good morning. The minneapolis fed president who is out with an explanation of the dissent that is the very dovish.
Global growth report. And a look at acquiring time warner cable. Lets begin with Phil Mattingly and president obamas executive order on exec on equal pay. Forward, they do going and more important, will it move the needle at all yeah president obama at sign at all . Resident obama signed two executive orders today. Comeayday to will only from federal contractors. If you shine a light on this data, you will be able to find it there, any disparities between men and women. However, for it to apply to a wider range, they will need congress. And once again, republicans are not in the mood to get along with democrats here, something obama addressed directly in his press conference today. If republicans in Congress Want to prove me wrong, if they want to show that they do, in fact, care about women being paid the same as men, then show me. They can start tomorrow. They can join us in this, the 21st century [laughter] and vote yes on the paycheck fairness act. [applause] humor both a little th
Afternoon. We have new earnings after the bell. Allen financial is going public. Allied financial is going public. It will price after the bell and begin trading tomorrow on the new york stock exchange. Quiet day today. Futures are up fractionally. 10 year yield goes nowhere. The rogue its a little bit of strength. A little bit of strength. Nymex crude advances. Screen. Next last 24is better in the hours. Twoyear yield is better. Call it the yellen meter. Tone. Set the the inflationadjusted, price adjusted, trade weighted dollar back 30 years. You can see the longterm dollar depreciation or devaluation. It is very gentle, steady, persistent. You wonder where that path will be in the coming years. An interesting front page today. A nuanced front page. Here is scarlet fu with the front page. I like the wii you bring up the dollar. A company affected by the dollar and the yen is toyota. Toyota recalls more than 6 million cars because of five different effects. Defects. The cars being reca
For you nestors Restoration Hardware is coming after the bell. Lets do a data check. Interesting market. Futures up 5. The yield moved lower over the last 24 hours. Dollar, weaker at 1. 37. Crude back to 100 and barrel. Finally weakens today after a good 6, 7day bout of strength. The yen was stronger earlier, it has given up back. Look at gold, under 1300. Look at the gold chart. Heres the surge in gold. The big rollover from june 2012. This is 1400. Here was the bull dash. People getting feverish about gold. We just bounced right off that. And curious that gold could not get up through that area up. As the vix was pushing you look at gold, and clearly, not the case. Three or four tough days for gold. We have scoured the newspapers and the web for what is important for your front page. First frontpage story is citigroup. The bank failed the Federal Reserve stress test for second time in three years because of concerns about the quality of their process. What does that mean . That meets