Stock futures on friday were coming off a record close for the s p 500 yesterday. The dow closing in. Another number 600, netflix crude oil a little change. Think Lower Oil Prices are good for the economy, think again. This morning, job cuts jumped 68 in april to 61,000 job cuts. Oil firms a huge part of that. Tenyear bond note, costing investors about 500 billion in the past month. Its probably low, i think you think thats low . I think thats low, i think the damage of this german remember, thats the liquid security, its the only socalled aaa. You think ill hold it to maturity. When the fed chairwoman said there are losses. All right, meantime other road map this friday starts with the markets, coming off a strong day if the green. It will continue to march higher in the bond market. Again, not a big upside predicted. A downgrade for john deere, that stock is down well tell you why it was cut and theres a big warning in it. Netflix stock is about 600 bucks in the free market. Netflix
Through a forest in Burlington County and that fire is still raging as we come on the air tonight. Chopper three is over the scene as firefighters there battle an inferno. Good evening, im chris may. Im jessica dean. From chopper three you can see names lighting up the night in the Wharton State Forest much crews have been battling this fire in shamong all day long. They are making progress. Isnt Eyewitness News reporter Todd Quinones is live near the fire seen with the new developments in the fight against these names. Todd . Reporter jessica we received update here this evening recent now this fire is about 50 contained. That is very significant because at 6 00 oclock this evening that number was at zero. So clearly a lot of progress being made here this evening. But still there is a lot of work ahead of firefighters in order to try and get this fire fully contained. At its peak the Wharton State Forest fire threatened homes and businesses forcing authorities to usery verse 911 to wa
Amtrak Train Derailment in philadelphia. At least seven people are known to be dead and dozens are injured. Our very own is in washington and has been watching whats been happening at the scene of the crash. What are you hearing thats the latest at this hour . Mandy, as you say, authorities have increased the death count to seven. Four of the dead were found in the train itself. You can see behind me they are clearing this whole area and to give you a sense of the speed this train was going, two of the people who were killed were found in the area behind me. They were clearing as we speak with cranes and machinery. They will be working throughout the morning. He will be briefing and we may get a few more answers at that time. As you guys know, this is an important corridor up and down the northeast from boston to washington. As many as 2,000 trains travel through this corridor every single day. As we can see, there is a Norfolk Southern train making its way up the tracks and they are a
Not moving it these days. Also fed chair janet yellen shes already required to appear before the house and senate twice each year to test a Monetary Policy. Apparently thats not enough. Coming up, House Financial Services Committee Chair Jeb Hensarling to explain why he wants to see her double her appearances on capitol hill. Hewlettpackard and gap, well have the incident analysis of all the numbers as soon as they are released. Both those sectors. Hewlettpackard has turned out some great numbers the last cup of quarters. Gap, retail been very mixed. And hewlettpackard. David faber will join us on that one as well after the bell. First, lets get right back to this market. The dow up 17. The s p adding six points. The nasdaq 20 points. The nasdaq by far the outperformer today. Lets get to our Closing Bell Exchange for this thursday. Joining us cnbc contributeor heather hughes. How are you . Good. James lu is with us here at the new york stock exchange. Joe duran from United Capital Fina
S p and 2 approximate want 5 for the dow. The next move is toews. Housing stocks sharply hitting prerecession levels. What is behind the skbruchl which push higher on the back of that. The natural government announces a Major Investigation into dance cancer charities. We start with stocks. Bob pisani is tracking the action there. He is in the nasdaq before a key interview 30 minutes. Run us through the markets. Its a good news bad news day. The Housing Starts numbers had a very Strong Influence on housingrelated stocks. Look at the Home Builders up 2 to 3 . Also the Building Products companies. Masco has a good day. Mohawk and all the Companies Involved in the building industry. Helping this is home depots terrific numbers. Not only did they beat, but raised go guidance. That is a good sign near a historic high. A stronger than expected start. Comps up 6. 1 . Bottom line this was a great stock and a great run. Im not surprised its flat today. The downside is walmart. They are costing u