Look up to what will be an exciting day of Market Makers. Im matt miller happily in for Erik Schatzker today. Are you ready . Are you ready . Im looking forward to it. Lets go to the top Global Business stories of the morning. It has been a wild ride for the ruble today. The russian currency fell to nearly . 80 per dollar for the first time ever. Plunge and that came after Russias Central Bank raised Interest Rates by the most in 16 years. Here is richard haas. You might have thought that raising Interest Rate by more than 6 would be a strong signal to reassure the markets. That has got to be a scary moment when you do something that dramatic and it doesnt gain traction. Russias central bank may take more steps to shore up the ruble. There is speculation russia will announce controls on capital. Meanwhile, will resumed oil resumed its plunge. It fell below 54 per barrel, and brent crude traded for less than 60 dollars. Administrator for energy said opec should not be expected to cut pr
September jobs report. All three major averages up 1 right now of look at that. The dow is up almost 200 points. The economy adding 240,000 jobs last month. Unemployment rate dropped to 5. 9 from 6. 1. That number is a little deceiving though. Well get into that a little bit. Sound great. The Labor Participation rate, thats what were talking about, lowest level in almost 40 years. Go to our panel. Charlie gasparino, and james frischling, cofounder and president of new oak capital. Jack hough barrons senior editor. Stocks really like this. What do you think . News on jobs is good. Melissa well not too good. There is not the wage growth yet. I talk with more and more melissa wage decline in fact. I speak with more and more people who start to cast doubt on idea that the fed will begin to raise rates next year. Look at dollar. So strong lately it could impair u. S. Exports. Melissa that is why the market is rallying. Go ahead. I agree with that. The negative on the jobs report was static
Rules, a vote of 32, expected here, but we had contentions going into the vote. Basically, what they are arguing here is over the future of the internet, whether internet broadband providers will be allow to charge fees to specific websites for faster lanes and faster access to their own customers. Those websites lobbied against it, and broadband providers lobbied for it. In the end, the loss goes to the broadband Provider Companies like comcast, a parent of this network, and Time Warner Cable and others that provide those services. The debate in the room, though guys that framed the debate over the future of the internet. We have a commissioner, speaking against this skeptical this does not lead to more regulations and taxes on the internet saying it threatens the Internet Freedom itself. Take a listen. The internet has become a powerful force for freedom, here and around the world. So it is sad to witness this morning the fccs unproduce dented attempts to replace freedom with governm
Lets get to our roadmap this morning right back here in the good old us of a. Twitter Major Concerns over user growth sending shares down sharply after the social Networks First Earnings Report as a Public Company. While twitter is slumping Green Mountain coffee seeing plenty of green, rallying after coke agreed to take a 10 stake in the company and help launch an athome cold beverage system. Shares of gm down a bit this morning after earnings and revenue were well below wall street estimates, although restructuring maybe a part of that. Gm january sales also fell 12 . That was thanks in large part to what they said was the bad weather. Of course we had that news earlier this week. All right, lets start with twitter. Shares are down sharply. Lets see. Right here i got 51. 26, 51. 34 bid despite posting betterthanexpected Fourth Quarter results in its First Financial report as a company. Concerns about the user growth is weighing on the stock. Twitter said it averaged 241 million monthl
Small businesses are revitalizing the economy and American Express open is here to help. Thats why we present your business on msnbc. Hi, there, everyone, im jj ramberg and welcome to your business, the show dedicated to giving you tips and advice to help your Small Business grow. This week makers, doers, and creative entrepreneurs from across the country are gathering at Grand Central station in new york city as a part of Martha Stewarts American Made initiative. Now in its second year, the event honors those sparking a change in the way business is done by pioneering and innovating in their selected fields. Im hosting a panel at the event discussing the next generation of socially responsible companies, its called doing well by doing good. We met up with two of the honorees, whose companies are doing just that, by leading a group of Small Businesses focused on stainability. If we can get more of that, i think wed be on to something, carl. Behind this cloud of dusty ashes is woodberry