Month of may in seven years. What does that say about the state of americas of discovery . It may not be as clear cut as it may seem. Stay tuned to a special report behind those numbers. Love that story. Another botch by bank of america. This time sending the wrong data to regulators making its private stock Trading Platform look larger than it actually is. This error coming a month after making a mistake in its stress test numbers that. Resulted in the banks suspending a planned dividend hike. How does this happen . And who, if anyone at bank of america should be held accountable . Well take a closer look. Cut their Trading Volume literally in half, thats how much they overstate it had consistently. Heres a good reason not to be sleepless in seat. The city council passing that 15 minimum wage, making it the highest in the nation by far so who does this really affect . How many workers . How many businesses . The answers may surprise you. I always love saying, that the answers may surp
Them. Every major american automaker reported sales that were way above estimates and if this keeps up, the industry is on track to sell nearly 17 million vehicles this year. It hasnt seen that many since 2005. Now, the gains were across the board, chrysler sales up 17 , it was helped by surging demand for jeeps. General motors rose 13 . And thats despite recalling millions of cars. And ford had its best may in a decade. Sales were up 3 . Investors likeded what they saw. Gm shares rose more than 1 . Ford also higher today. Phil lebeau has more on why sales were red hot in may and look ahead to how the summer is shaping up for the automakers. A big day for the Auto Industry, as most of the major automakers reported may sales that were much better than expected. Depending on the automaker, they beat street estimates by between 2 and 6 . And a couple of storylines stand out. First of all, recalls, particularly at General Motors are not keeping people out of the show room. Gm, in particula
Retailer is struggliing as he says he cannot promise that things will get better. And big discounter offers stock at 21 euros per share. Good morning or good evening if youre in asia. We kick off with another set of data before the ecbs meeting tomorrow. Its the final pmis for may, final services pmi 53. 2. Its a tick down from the flash of 53. 5. It is still nevertheless the highest since june 2011. And it is higher. Aprils was 52. 1. The final composite pmi has come in at 53. 5, a tick down from 53. 9 which is the flash april 54. We did see of course the french number coming down just a little bit as well. The german private sector growing for the 13th straight month in may. Well break down that but of course another key bit of data ahead of the ecbs meeting tomorrow. Theyre widely expected to take action. How much, of course, is still to be decided as they will come back, euro dollar around the 1. 36 mark we were yesterday. Before that, though, lets talk about the g8. What was suppo
Them. Every major american automaker reported sales that were way above estimates and if this keeps up, the industry is on track to sell nearly 17 million vehicles this year. It hasnt seen that many since 2005. Now, the gains were across the board, chrysler sales up 17 , it was helped by surging demand for jeeps. General motors rose 13 . And thats despite recalling millions of cars. And ford had its best may in a decade. Sales were up 3 . Investors likeded what they saw. Gm shares rose more than 1 . Ford also higher today. Phil lebeau has more on why sales were red hot in may and look ahead to how the summer is shaping up for the automakers. A big day for the Auto Industry, as most of the major automakers reported may sales that were much better than expected. Depending on the automaker, they beat street estimates by between 2 and 6 . And a couple of storylines stand out. First of all, recalls, particularly at General Motors are not keeping people out of the show room. Gm, in particula
Them. Every major american automaker reported sales that were way above estimates and if this keeps up, the industry is on track to sell nearly 17 million vehicles this year. It hasnt seen that many since 2005. Now, the gains were across the board, chrysler sales up 17 , it was helped by surging demand for jeeps. General motors rose 13 . And thats despite recalling millions of cars. And ford had its best may in a decade. Sales were up 3 . Investors likeded what they saw. Gm shares rose more than 1 . Ford also higher today. Phil lebeau has more on why sales were red hot in may and look ahead to how the summer is shaping up for the automakers. A big day for the Auto Industry, as most of the major automakers reported may sales that were much better than expected. Depending on the automaker, they beat street estimates by between 2 and 6 . And a couple of storylines stand out. First of all, recalls, particularly at General Motors are not keeping people out of the show room. Gm, in particula