This industry has been booming, up 36 over the past year. It is up 6. 5 pk in a month. Today we will talk about making money in the market as we go through sectors that may have room to run. The bond side of the story with paul fabio mccully. He has a new look. The hair is clipped. I dont know about the goatee. He has a new note this morning in which he puts together i believe it is emerson canes and the singer, pink. Anybody who does that has my attention. Its his first note since returning to pimco. First, though, to sue at headquarters today because, well, the traffic is still horrible getting into new york city from new jersey after a terrible fatal truck accident on the g. W. Bridge. Absolutely, ty, it was really an awful situation. The markets were going to get to in a second. Phil lebeau, he has breaking news for us. Phil . Reporter this has been speculated about for some time. Teslas ceo announced on the companys website that the company is going to open up patents for other au
I am sorry i missed the 7,000 wisky a few weeks ago. You should be. Ill be on nightly Business Report on pbs. Its long story, but please join us if you can. Stocks have been under pressure ul day. James bow lard said Interest Rate increases could come sooner than later, but what would you expect him to say. Were well off the lows of the day. I dont know if theres a correlation there, kelly. We started to come back when it became clear that the u. S. Would advance to the group of 16. Spurious correlation. What should yu make from the interesting comments . Well, the outspoken paul mccully is here to way in. The other big story of the day, of course, gopros redhot ipo shares soared on the nasdaq after its offering on the high end of the range. How will it close, you ask. Stick around. Were going look at that. Right now were still seeing declines looking more like monday than tuesday. Lets talk about it. Peter anderson from Congress Wealth management. Heather hues. Dan greenhouse from bti
Of 2013, but im back now. In corporate news, boeing completing what it calls an uneventful test, a flight of the 787 dream liner. And opposition is growing to dells big buyout, that 24 billion buyout and a Carnival Cruise ship is floating in the gulf of mexico after an engine fire. Plus, digging out, the northeast hit hard by a weekend blizzard. Hundreds of thousands are still without power. Airlines are trying to restore service. And news out of the vatican about the pope. If you havent seen it, well bring you that, as well. Its monday, february 11th, 2013. Squawk box begins right now. Good morning. Im Andrew Ross Sorkin along with joe kernen. Becky is off. Breaking news, the vatican has Just Announced the pope will be resigning on february 28th. The blizzard brought as much as three feet of snow to some areas in the northeast. Here is the Massachusetts Governor. Were, woulding hard to make sure that the t is fully functional by the morning commute. Utilities seem to be making progres
Similar amount. Japan inflation rose to a 23 year high. In japan, they have been fighting deflation. A. M. Personal 30 spending and the fed watches if we have deflation. 945 a. M. Chicago purchasing Managers Index and at 9 55 a. M. , the university of Michigan Consumer confidence. Is next week a five Day Work Week . Yes, sorry about that. A couple of more weeks until fourth of july. It always feels longer because you keep telling yourself its a four day week. We callllow in radio that a holiday at length in the workweek. We are out of earnings season. Lets do a data check. There is a churn to the market. Everyone is looking to the ecb meeting next thursday. Equities are giving it up in the futures market after a terrific week for equities. The 10 year yield is there. Vxx shows you the bull market sense. Howard ward will join us in the next hour and theres the 30 yield,nd, finally the gold is shocking the gold bugs. The court deflator is what the fed watches. This is one percent. I get
It is one of those touchyfeely ones, but it matters. I know you would be looking at product prada. Suede blacke prada pumps. They are dangerous. They are very low ones, very officey. How much time do you spend on pradas website . I spend a lot of time. John did not think we would go here. Every edge you can get. You are killing me here. After the bell, joseph a bank , if you want to stick to plain old boring suits like the ones i wear. The nba finals kickoff tonight the heat. E spurs and it is the 10 Year Anniversary of Ronald Reagans passing. Will have aama private dinner with francois hollande. After that dinner, mr. Hollande will then have dinner with mr. Putin. Yeah, it is a ballet. Esther obama will not be . Ining with hollande and putin correct. This is like your third marriage, right . More like your third marriage. Thank you, scarlet. And stocks. Quities the euro, 1. 3615. Vix just above 12. There is a german 10year yield. The yield is higher over the toward 1. 44 dollaryen. Ma