The print papers revenue. Mark thompson, one of nigh favorites will be here for an inclusive interview. Power lunch starts right now vaccine hopes and more stimulus on the way is helping Investor Sentiment loes that weve seen, the moves today, the s p 500 roughly there abouts is now, get this, roughly just 2 away so it may not be at records just yet one other place that was giving that stock a big boost off the session highs. And capri holding, the Company Formerly nose an michael kors are reporting sales that may be getting back to normal biff, both of those stocks well off the highs of the year. The gdx ticker there that tracks is up far more than prices, so, yes, gold continuing that run. Back over to you lets take a check of is the bond market. The cme, hi, rick. We had some powerful data and what did that do it gave us one of he rare bounces. But its all about Foreign Exchange asdom pointed out and they you aro seems to be king they seems to have gotten their issues in rough order
The three, up about 3. 38 . Overnight in asia, shanghai came back bigtime. As you see there, up 5. 3 . The hang seng, 3. 6 . The chinese did seem to intervene a bit to help things along in china. As for our tenyear note, we started this week. We were below 2 on the tenyear. No longer. Back to 2. 20 despite those comments. Crude oil above 40. The first time i have seen that in a few days. Lets get to our road map. Has the market bottomed for now . For good, for a while . Another upgrade for amazon. Why now is, quote, an attractive entry snoint. Retail pain continues. Tiffany and Williams Sonoma both disappoint and both stocks are looking down this morning. We begin with stocks on track to maintain momentum from wednesdays big rally. Futures extend gains after data shows Second Quarter gdp revised upward to 3. 7 . Thats up from an initial estimate of 2. 3 . This comes one day after a 4 jump on the s p. The dow also posted a gain of more than 600 points. That was the first time it had gai
March of 2011. We start off much like europe with weaker than expected pmis. Will that paint the first big data picture and supply information for the rest of the year . Im not sure. We just breached that big settlement from october 15th at 2. 14. The 10 year at 2. 13 bund getting closer to 40 basis point handle. Unbelievable the money into bonds. Lets bring in david rosenberg. Anything to worry about there with the miss in manufacturing . Its still a pretty strong number. Well its a diffusion index. 55. 5 is telling you net on net Manufacturing Activity despite all the problems globally in the u. S. Is still expanding. Its just expanding at a more moderate rate than it has been over the course of the past few months. Its still positive for manufacturing. Just less so. To me it still consistent with an economy id say chugging along roughly 3 trend rate of growth right now. Which is good. Its been a 2 economy since the financial crisis. Well take that 3 . We are starting off the new yea
Bill aimed at encouraging the development of energyefficient technologies for use in both commercial and residential buildings. Senate majority leader harry reid expressed dismay that efforts had failed to yield an overall agreement on amendments to move the bill forward, but he says hes hopeful members can regroup this week to advance the measure. Today theyll also debate and vote on two judicial nominations to the u. S. Court of federal claims. Over in the house, theres a brief pro forma session at 2 eastern, no legislative business expected. A comprehensive Forest Management bill that would direct the Agricultural Department to establish Timber Harvesting zones, also to resize and renew nutrition assistance programs that were not included in the farm bill. Follow the house live on cspan and the senate on cspan2. Cspan, created by americas Cable Companies in 1979, brought to you as a Public Service by your television provider. Host well, it was in 2010 that the federal Communications
Charlie gasparino has the exclusive interview. Lori the new ceo of General Motors and Many American women believe more needs to be done to get women in leadership roles. Adam turning an eyesore into an attraction. The Architecture Firm that designed googles headquarters is setting its sights on the keystone pipeline. Its proposal to build the 1300 mile long bike path. Lori sounds like an interesting idea. What else is interesting . Stocks selling off. The dow down 100 of the lows of the day but lets get some color on the action from the floor of the Stock Exchange, Nicole Petallides, we are heading for a third day of losses. Nicole the fear index to the upside, the dow industrials down 85 points. Nasdaq composite down 1 and the s p 500 dropping 0. 3 . We are to the downside and we will watch that after eight weeks of beans and in the meantime the vix has been jumping today. It is up 6 , almost 15, a level of 15 so we are watching that and heres a look at the dow laggers. The banking in