9 45, comfort index. 10 00, Philadelphia Fed Business Outlook as well as the Economic Indicators. Could be up for the 14 month in a row. Does that get in with attention . Makefinitely, as we try to sense of what the fed is going to do in 2015 and 2016. I am alighting on lead indicators. Do need another cup of coffee . Blackberry at 7 00 earnings. This is a big deal . They been trying to turn the company around. It is more of a niche player. We will see how it turns out. On the heels of the new amazon smartphone. And kroger before the bell. After the bell, oracle and smith wesson. Major Market Movement yesterday afternoon. S p 500, can we Start Talking about 2000 . Eurodollar stronger. Nymex crude elevated. On to the second screen, please. The vix well under 11. Does that show that complacency, the punch bowl, there is the dow, truly on the 17,000. Brent crude gets my attention. 170. Ing, finally through that speaks to the actions of the last summer of days. We have scoured the newspape
Know, immelt goes over there, and the only way to get the deal done is the french minister says give me a piece of the action. It was less cash, but i dont know, i read some other commentary over the weekend that it would be less profitable near term right. Than it would have been for General Electric, but they wanted it badly, and General Electric and ge, jeff immelt, wanted to get the Ge Financial Services part of the business below 30 , and this does that in a much more but now your partner is the government. Right. Officially. I mean it was sort of unofficial to begin with. You know what, andrew, if you look at, and remember jeff, a republican yep. Signed on early to the Obama Administration because you have ge has to deal with governments everywhere. And people call it crony capitalism, but we certainly have this isnt the first government that ge has obviously dealt with. And you have to, especially when you are a big conglomerate getting a lot of government contracts and Everythi
He is lobbying the french the ges 17r the billion offer. There was a joint offer by siemens and mitsubishi. For more on this battle between the industrial titans, Matthew Campbell is joining me from london. This is a big day for jeff anelka. A big day for jeff immelt. How much convincing does he have to do . This is absolutely a big day and he has to make his case in paris to the government and the unions. Ge does have the inside track relative to siemens. They have emigrated deal. An agreed deal. Alstom, the target of the transaction, is on board. What siemens was trying to do does not have alstoms agreement, and the noises from the alstom cap is that they see the siemens proposal, which is pretty complex, as being a bit too much try to do and not ideal from their perspective. Jeff immelt has a tough day ahead of him, already underway in paris, of course, but he has some serious advantages. It sounds that way would you say that the simplicity of his proposal, as you were discussing, w
But will americans go with green . I thought whence they was hump day. Is that weird . These are the top business stories from around the world. Ukraine says it will block the convoy russia says is carrying humanitarian aid. It is headed for areas in Eastern Ukraine that are controlled by prorussian rebels. Ukraine is concerned that they might really be carrying weapons. Farmers are spending less. Makerggest Farm Equipment is cutting its fullyear forecast. They said that sales may fall 10 in north america. The second Largest Health insurer in america is changing its name. The company has been doing more direct marketing to consumers because of obamacare. 14 of the new healthcare exchanges. If youre looking for a retail recovery, you were a bit disappointed. Macys cut their Sales Forecast for the year. Julie hyman covers detailed. We are hearing about how it will detract some fourthquarter sales. The Fourth Quarter, even better. What happened . Report, they this were relatively optimist
The s p down about 10 points. New worries on the heels of last weeks drubbing. Bob pisani, we did not close below 15,000. Is that a positive . Reporter i guess so. We closed at the lows of the day. Whats positive, we didnt drop even more considering were heading towards 4 on the 10 year and thats all anybody is talking about down here. Around noon, we started popping up 3. 9 excuse me, 2. 9 . And everybody said, huhoh, here comes a swoosh here. The dow did drop. But maybe not as much as some people anticipated. We did close at the lows for the day as you can see. The bottom line is Interest Rates sensitive stocks were the real problem here. Home building stocks, even though wells fargo had positive comments on pulte, it didnt matter. Cheapness, what they were talking about, does not trump higher Interest Rates in this environment. Pulte, ryland, kb home, theyve been the real sufferers today. Today, again, and last week, reits, telecom, stocks all to the downside. They were down today.