as for europe, let s take a look at those markets. you ll see there that we are up across the board on all of the big european marks. always like to take a look at spanish and italian yields. if we did, you ll see they re really not doing much of anything. kind of flat today. spanish 10-year above 5%. italy, of course, importantly below 5%. here s our road map for the morning. what s going to drive the buzz and trading today. number one, got your ipad yet? apple s newest version of the tablet out today as the stock flirts with new highs. treasury secretary geithner says, quote, the economy is exhibiting encouraging signs of early expansion but still faces challenges. he said that in a speech last night. we re going to talk about that. three, lacquer keeps dissent. the fed governor sees a rate hike as likely in 2013. that s not exactly consensus on the fomc. finally, how about those bank of america shares? up 66% this year. nearing a $100 billion market cap. can it kee
but he warns that confidence remains fragile, in his words. in other news, richmond president says the decent that we saw in the last central bank s decision this week, because he thinks rates will need time to rise sometime next year in a statement posted on the richmond s web site, lacquer says the economy is expanding at a moderate pace. he was the only vote, you might recall, against that decision. in corporate news, apple s new ipad goes on sale today. the tablet has a sharper screen than most sophisticated television sets. but because of a bigger battery, it s heavier than some of its predecessors. some camped out to be the first to have this new device. others simply went to a walmart that was open all night. the ipad went on sale there at midnight. this is interesting. this is a new line of sales for apple. it s becoming and having these ipad sales there to have lines at the walmart as well. apple shares topping $600 during yesterday s trading session. they didn t