He says we could see a 20 move lower in stocks. His view that he wrote about on cnbc. Com has caught fire with readers. Now hell be here to make his cl case exclusively. Now cocacola defending itself on the program. David winters will be here this hour to respond to what coke is saying earlier this morning. This is a battle thats now escalating. You wont want to miss the latest chapter. Again, thats an exclusive interview coming up. All about compensation and governance. Of course, tomorrow all eyes will be on the employment report for the month of march. But what if we told you the key to americas jobs market rests with exconvicts . Do not scoff. Theres data that explains this and something that new fed chief janet yellen did this week has highlighted that very issue. We have a special report coming up today on closing bell. Heres where we stand in the marke markets. The dow off 23 points at 16,549. Take a look at the nasdaq, which is off by more than 1 . Its almost 50 points lower to
Were evacuated were sent to nearby moorehead middle school. This is a very interesting fire in that the firefighters had to stand by and let at that gas line burn. Theres a ruptured gas line of the so were allowing it to burn until we can get it shut down by pg e. The reason being, if we put it out and it starts to build gas in the area, theres possibility of explosion. Reporter that gas line has now been capped. It has not been repaired but we saw the p gcht and e crew that normally does that kind of work roll up to the scene. We know that electricity has been restored to the homes as well. The families are at moorehead middle school. As you can see kwithin those pictures, that one home is not going to be livable until the home is rebuilt. There is no known cause of the fire right now. And firefighters are waiting for the smoke to dissipate before they can get inside and figure out ha caused the fire and what happened first, the fire or the gas like break. Reporting live in san jose.
You can watch live tv on your computer, and smartphone. Thecan even record shows to cloud for later viewing. The Service Costs eight dollars or 12 a month. Preaereo there were three ways to watch broadcast television. Antenna to your roof and get it for free, get a Cable Company or Satellite Company for a box or a dish. While you are paying cable and satellite companies, they are paying broadcasters to retransmit programming to the tune of about 4 billion a year. You know how much aereo. Pays networks . Zilch. It is pulling down the same free signal anyone can get with their antenna. The fact that the antennas are in a warehouse should not matter. Broadcasters say aereo is no different from a Cable Company. In march 2012, they sued aereo for violating copyrights. The lawsuit hinges on one thing, whether or not aereos retransmission is a public performance. Infringingereo is because they have not paid for programming by Cable Companies do. If the Court Decides aereos service is a lot of
Bob benmosche is here. Maria picks up the ball and runs with it for another hour. Its 4 00 on wall street. Do you know where your money is . Im embroemor, on the floor of the new york stock exchange. Stocks break a twoday losing streak today staging a rally at the end of the day. Dow jones industrial average is up about 61 points. The high up 90 points early in the session, but nonetheless new money came into the market late today. Last trade on the blue chip average. Nasdaq picked up ground as well, 14 points even and the s p 500, high by 4. 75 points. Earnings kicks off this week. Here to break down whats going on in trading and the trading picture. Nick santelli is with me along with nate an bad our guests. Youve got the s p 500 target of between 1525 and 1575. We close today at 1400. Why so optimistic . Well, you know, maria. I think looking here weve got some upside to equities. We look to the back half of the year just stemming from the fact that the market is overtly negative. F
45 names scheduled to report this week. Well, today with u. S. Markets closed, Global Investors are watching two Big International stories. One in europe, the other in asia. In europe germanys largest bank, Deutsche Bank, reporting an unexpected net loss of 1. 35 billion for the Fourth Quarter. The firm saying 2014 will be a year of challenges, but it does expect to reach its 2015 target. And over in asia, china, the worlds second largest economy, reporting Economic Growth of 7. 7 last year. Well be digging through those numbers, finding out what to expect this year. Thats in just a moment. And speaking of overseas, liz claman will be live in davos, switzerland, all week with a huge lineup of guests from the World Economic forum. On wednesday her guests will include pierre due point, imaxs ceo and ernie sorenson. And thursday liz will be talking to ciscos john chambers, renault nissans carlos [inaudible] cocacolas muhtar tent and citigroups michael corbett, and you dont want to miss an