Hertz cut its fullyear forecast because of weaker than expected rentals at airport. Hertz offering a handful of tesla model s cars at a california airport. I wonder how much it will cost to rent. Liz 500. David 500 bucks a day. Wow. New claims for jobless benefits fell to 305,000. The job reinforces the Federal Reserve case to taper the Stimulus Program in october. Liz Commerce Department says the Gross Domestic Product grew at annualized rate of 2. 5 in the second quarter. Pretty much the same as the previous growth estimate for that period. David shares of air chemical and products are up after the Company Announced it will plan to look for a new ceo. The chairman and ceo john mcklain will retire next year. Liz the government stepping up plans to get out of General Motors entirely. It now owns just over 7 of gm stock. The treasury plans to sell all its remaining shares by april 1st of next year. After the bell starts right now. Liz weve got breaking news on lazard Capital Markets. Ch
And an admission of wrongdoing. Liz wells farring go, the largest u. S. Mortgage lender, cuts 1100 people in the Mortgage Loan business because of lower demand for refis amid higher Interest Rates. David resale of homes rose to 6 1 2year high in august. Buyers lock r rushed to lock in mortgages before Interest Rates rose. Liz weekly jobless claims increased 15,000 to 309,000. The numbers may not reflect the true picture because of previous computer glitches. David agile lant technologies is that how we pronounce it . Liz agile lant. David agile lant. The company is surging after they said they will spin off slowing electronic unit to focus on health care unit. Liz the ceo who rejoined microsoft is set for a massive pay day of 25 million. The payout a. D. Spends on the sale of nokia handset business to the u. S. Tech giant. After the bell starts right now. David lets get to todays action. He says it is time for investors to add risk to the portfolio. We have alan at the cme. Alan, you w
Checks, all that and the gov feeling fitness love, Chris Christie working with body by jake . Jake is here. So is Suzanne Somers. Something tells me they are here to give me fitness advice, i need it, get ready, for it, it all starts now. Neil welcome. Glad to have you i am neil cavuto, lets get down to business, ahead of my going down to washington tomorrow, here is whwhere they are now in the nations capital, not much going on. Republican party that appears to be eating its own, reports that Mitch Mcconnell is trying too shove ted cruz to the corner, and not let the texas republican filibuster, to Rick Santorum on a fight. You dont like to see your party or movement fragtured the way it is, but sometimes that is necessary. Where do you align yourself . With that crowd that says shake things up or another that says in is say procedure for this, recognizing numbers for this . Lets move on to a more accommodative . This is the last opportunity to stop any kind of realism amtation of oba
This after it hit a new 13year low of 9. 52. Back to you. Adam thank you very much, nicole. And now the latest on Jpmorgan Chase. Ceo jamie dimon met with u. S. Attorney general eric holder on a reported 11 billion settlement over mortgagebacked securities. Were all over this story. Rich edson is reporting from washington, d. C. , Elizabeth Macdonald is working phones here in new york, but first lets get up to speed with rich. Reporter good afternoon. He walked through the front entrance, slipped out the side door in a black suv. Jamie dimon spent about two hours at the Justice Department. Attorney general eric holder says he met with dimon, this following reports jpmorgan and justice are discussing an 11 billion deal in connection with abuses in mortgagebacked securities. At an unrelated press conference, holder refused to comment on the specifics of his discussions with dimon, though acknowledged the departments focus on financial crimes. This is something that is a priority for this
A 2 increase, but nonetheless a good move for apple at the moment, investors seem to like it. Making the fashionable watches and clothing accessories. It designs and sells many believed to be innovative watches that are affordable. We see them move up 2. 35 off of the highs of the session, still a 2 gain. Quickly lets talk about commodities. The feds surprise decision having a definite impact. Gold jumping 57 yesterday hitting now a oneyear high as you can see golden spiking once again up another 60. Close to 120 over just 24 hours. The price of silver is doing better. Poised to have its highest close in more than a week. Nonetheless a very different picture for u. S. Treasuries. This is the benchmark. The 30year, the yields are all down. Cutting the yearend forecast by a court of a percentage. 2. 85 . Here we are, moving higher by five basis points but you are looking at yields tending to come down at least in the aftermath of the no taper taper announcement. He called it right right