We read the tea leaves on the data thats driving down the market this morning. Cbs and time warner are on the move both after reporting earnings. Were going to dig into those quarters. Well also talk to cbss chief executive. Tim cook calling the u. S. Government dysfunctional on mad money with jim. Well hear from the apple ceo and dig in on what last nights primary results may mean. Stocks are poised to open lower a day after falling to their lowest levels in three weeks amid concerns about slowing economic growth. Speaking of the economy, data from adp shows the private sector added 156,000 jobs in april, that is below consensus and marks the smallest increase in three years. 156, we were looking for 196. And everybody wants to know, jim, what this might mean for friday. Yeah. I think that were back into a mode which says this roving bull market that weve had in cyclicals maybe give that a break. Go back into the clorox market. Remember, it is just bull, bear, bull, bear, we rotated o
Doctors are likely to change their procedures after hearing this major news on Blood Pressure. Everybody needs to Pay Attention. A lot to do today. Well start with a check on oil trading because oil is down by 3 . One reason might be a note from Goldman Sachs that came out this morning suggesting that oil could not will, but could fall as low as 20 per barrel saying, the oil market is even more oversupplied than we had expected and the potential for oil prices to fall to such levels which we estimate near 20 a barrel is becoming greater as oil storage continues to fill. Powerful note. Just to be clear, guys, Goldman Sachs not saying this will happen. That it is going to go to 20. Just that it is a possibility. Their sixmonth price target is 40 a barrel. Thats still very bearish but it is not the Case Scenario. Coming up in the next hour on power lunch, we have an exclusive interview with the man who wrote that note for Goldman Sachs, jeff kcurrie will be our guest. Kate kelly is live a
White house correspondent Julianna Goldman joins us now. How worried are the Insurance Companies about the numbers of those signing up today . Insurers are concerned. They are concerned about instability and consumer confusion. Aroundte house has said one Million People have enrolled in the federal or state exchange, but they originally hoped for 3. 3 Million People in by the end of the year. They are falling short of the deadline. They have not released the demographic data. The concern is while the website is working on the front end, the issues are still on the back end and will end up with the risk pool that is skewed to older and sicker people. They have announced over the past several weeks a number of delays and changes. What insurers are concerned about is that these go to the heart of the individual mandate. Last week the white house said your plan has been dropped and will not have coverage starting january 1. You can get a hardship exemption or you can be automatically enrol
Because of all of the controversy over the sheer pants. In their defense, it has been a massively growing company. Hi, short interest. Questions about inventory. The scandals about the comments from the ceo. Of they a classic case could have handled it much better once they made the misstep. Instead, they stumbled, they took too long to repair the situation. As you say, the founders founders comments were not listen to hear for some women. Fish stinks from the head. Problemnot beinthe lulu anymore. Were going to go inside ups these next two hours. Carol massar has been working on this special for quite a while. Is probably the biggest day of the year for the Worlds Largest packaging company. Carol massar is in the thick of things. Hubis at their massive called world port. Hows it going down there . It is a little quiet. Most of what happens here happens overnight. We had a little bit of snow this morning. The planes got out this morning. The line behind me is a little quiet, things wil
I am mark barton. And i am anna edwards. Bloomberg reporters are stated standing by to deliver the stories that will drive your day. Takes a look at the most recent numbers from facebook and apple. Here in london, manas will be covering the breaking earnings from novartis. Is news the Company Unveiling deals to the tune of 28 billion. Well come to the earnings as soon as they cross. But such a busy day. Lets talk about the top story. In other day, another deal. Eyeinggineering giant ge a french company. Here on the routine Million Dollar 13 billion deal. They want to harness this wave on focus of investment in an structure infrastructure. Onse are companies focused building trains. Jet engines, locomotives. This is also alstoms focus as well. U. S. And europe recover, they are talking about building infrastructure. Looking at in january giants. This could build in engineering powerhouse. Is emerging with the margins improving. One of the juggernauts in engineering. Aow it is eyeing buy