Upbeat on business activity. Recent data pointed to signs of a slow down. Meantime chinese stocks jumped to more than a fiveyear high overnight. Suggesting more government stimulus was ahead. And the New York Times reporting that the federal authorities investigating the october data preach at jpmorgan they are confident that a criminal case will be filed against the hackers. It means several of the suspects live in a country with which the u. S. Has a extradition treaty. The u. S. Is hitting the debt limit again. Jack louew will have to take extraordinary measures from defaulting on the debt. Well talk about that with ben white who is going to join us in a bit. And a few stocks to watch. Ge selling the Consumer Lending business of ge capital to an investor group. It carries an surprise value which includes debt of about 6. 3 billion. An a Clinical Trial shows that the heart drug can cut the risk of death another heart attack or stroke in patients that had a history of heart attacks cu
This point. Lets tell you about the big stories were watching this morning. A First Quarter read on the First Quarter gdp at 8 30 eastern time. Forecasters say the economy likely grew at a snails pace. Also the fed wrapping up its twoday policy setting meeting in washington. Announcement set for 2 00 p. M. Eastern time. No changses expected on rates just yet. Beyond the economy theres also a busy day in earnings central. We have Companies Set to post this morning before the bell mastercard mondelez and general dynamics. Also were continuing to watch the situation in baltimore. Things were quiter there. Demonstrators for mostly peaceful. Less than a dozen arrests compared to more than 200 on monday. Curfew ended at 5 00 this morning. Go back into effect tonight and we should tell you that todays baltimore airlines game will be in the afternoon and will be closed to the public. The teams weekend series against the rays will be played in tampa instead of home in baltimore. The next five g
Average. Nasdaq was weak for most of the session. We saw air coming out of the big momentum names. Nasdaq composite down 17 points today. S p was up just about one point, flat after giving up much of an earlier rally similar to the Dow Jones Industrial average. Despite todays uptick, the dow has wiped out more than 800 points since hitting a reported high three weeks ago. Lets check in with bob pisani. Why the optimism today, bob. If you take a look at the s p, it wasnt on the fed minutes. I think most traders feel it was an oversold bounce with two pretty rough days. Janet yellen may have helped on the margins. Lets take a look at sectors moving. Hewlettpackard, they gave commentary, better than expected. On the guidance. Meg whitman said theres a lot of work to be done but confident in the progress weve made. Those comments came out just before noon. We saw these names frequently traded, beta names. Biotechs have had a rough couple days. Some big names to the downside again. China ne
Others, but at this stage, david, what do we know . Well, the votes are crazy and as i tweeted even crazier than usual is what people are telling me, carl. So i think that im loathe to conclude one thing or another in terms of who has changed their vote. We have seen reports out there, and yes, i had the information a while ago, but things can change back. In is not the typical go to the polling booth and vote. You can, if you are black rock say you are voting against and pull the vote and then say you are voting for and they can keep the polls open by the way for as long as they want if they get the special committee, if they get the outcome they are looking for, then they can close them, and that outcome being the vote in favor. Now, my sense from having spoken to people around the situation today, this morning and of course for the last nine months is that they are still trailing, and that would be the dell camp, in terms of getting enough yes votes for the approval, and remember, i
senate banking committee will hold another hearing on jpmorgan. top regulator will say the financial firm changed its strategy aimed at containing risks starting late last year. according to prepared testimony the controller of the currency will say his agency is reviewing whether jpmorgan executives should give back compensation. due to the bank s failed hedging stramg that produced $2 billion in losses. that number stands closer to $4 billion. the nasdaq reportedly plans to make an announcement today about facebook compensation. wall street journal saying the exchange is expected to release details of a plan to makeup some of those losses sustained by banks and trading firms from the firm s botch ipo. the losses estimated more than $100 million. facebook is letting marketers place ads specifically in mobile versions of its social network. it wants to broaden its appeal. take a look at shares of facebook. they closed lower again yesterday. down to 25.87. now 32% below it s