how we re settling out on wall street stock exchange. volume deadly today, 530 million shares traded in a shortened holiday week. technology catching a bid at the end of the day. 1354 the last trade for the s&p 500 and the nasdaq was the lowest area. and in the red all day after the jobs report showed that the u.s. added an anemic 80,000 jobs. they re not betting on any federal reserve to prop up this economy, but should you rule the fed out. we ll get to rod smith, raymond james, and rick santelli. good to see you all, thank you for joining us we we appreciate it. let s talk about where we go from here, if you were to further easing, what would that be in the form of? how much further can they go on rates? they touched the zero bound, interest rates are at zero until 2014. they could suggest they will keep them there longer, enlarge the size of the balance sheet, and do what they did yesterday which was to stop paying banks a quarter percent they keep the the fed to push b
discipline. [ applause ] tonight i m laying out these rules. to help make money in what can be a bewilderring, confusing and infuriating, certainly irritating market. if you follow my rules you should be able to recognize an opportunity when you see it and manage to avoid losing money when you don t have to. no matter what the circumstances. including a collapsing euro or a slowing in china or even skyrocketing oil prices. [ booing ] [ train wreck ] let s get down to business. here s the first one. i don t want you digging in your heels when you re wrong or in the words of investor john keynes, when the facts change, i change my mind. what do you do, sir? one of the easiest mistakes to make, and i know this. why? i have done it myself. i refuse to change my stripes after the facts are in and i have been proven wrong. it s natural to dig in your heels and refuse to change your mind when you think you are right but the market is going against you. it s a quick and easy way to
got physically ill. moody s has cut barclays from negative to stable. the ratings agency cited an uncertain management outlook as the reason for the decision. just moments ago, s&p did the same thing. more from this story in just a moment. steve? the focus will then turn to the u.s. jobs market, the adp employment report for june will be released at 8:15 eastern time, followed up by jobless claims data 15 minutes later at 8:30. all of this is the pregame for tomorrow s employment report. retailers are reporting june same-store sales today. analysts expect retailers could post their lowest monthly gains in three years. it s becoming more expensive meanwhile to rent an apartment. asking rents rose to $1,091 a month in the second quarter, 1% higher than the first quarter and biggest increase in nearly 2350i6 years. analyst says this affects the growing number of people who aren t able or willing to buy a new home and the lack of construction. walking in here i saw where th
how to get a beamer easy. but we start with sue and a lot of those mixed signals. hey, sue. hi, ty. thanks. it s a day of a little bit of confusion. the ecb and bank of china cutting the key interest rates overnight. and then there s the bang of england and the latest stimulus push, as well. mark mobius says that he is now optimistic about europe. he is an executive chairman at templeton asset management telling cnbc asia earlier today, quote, one of the reasons why i m optimistic about europe is that all this money in emerging markets is waiting for the opportunity to buy assets in europe. so, there is going to be plenty of opportunities for europe to sell state assets or other assets so the picture looks very good. so you have all of these mixed signals. but we have kenny pulcari of i-cap and it is kind of mixed. could be a good news scenario that the central banks are responding and as some people on our air predicted last week they re kind of responding en masse or it
purchase of a quan tiff. microsoft made the deal in 2007. at the time the time they made the purchase to catch up with google in search related display advertising. steve? thanks, michelle. pre-holiday shortened session for wall street today. equity trading will wrap up at 1:00 p.m. eastern time. there will be no trading tomorrow. but the flood gates will lift on jobs data on thursday with the adp and challenging reports. plus the jobless claims. all that ahead of friday s government jobs report. today the focus turns to automakers. the big fear rolling out june sales which are expected to fall just short of 14 million annual rate. this would be the second month in a row under 14 million. the shares are up 21% compared to a year ago. the fdic and the federal reserve are expected to publish the public portion of the living wills of big banks and financial institutions. it will be by the end of business day today. the first group of reports are from bank of america, barclays,