Allimportant unemployment number. Only one to speak up, apollo education after the market. One final note, this is for you. Do you know who is going to the white house today . The red sox. Their gameees begin season, to. They have president ial support. Stocks, bonds, currencies and commodities to get your second order beginning. What a market day yesterday. S p futures continue to fall. Does not do much. Hydrocarbons still elevated. The fix nicely below 1400, showing the power in the markets. Continues. A stronger ruble and gold. Story under 1300. The king at the dow. Up 14 months. A certain character to it. The blue chips as well. Janet yellen industrial average. She telegraphed yesterday in speaking that the fed will be therefore longer times. The actual word was like considerable. At t announced it was not small potatoes. This is the kind of thing that continues to drive share prices higher. By the way, adam parker pointed out 2. 9 of the shares outstanding are being brought back t
On opening day. Lets kick it off with what everyone is talking about. Gm cannot seem to catch another break. Recall debacle. Gm recalls more than a million more cars. A is headed to the hill to explain why they ignored three 13killed people. The one it announced last night is tear tied to power steering. Ads to one from 2010. That car also in the ignition switch recall. The ceo will make sense of the testimony. We will have more coming up as well as throughout the day. Gm recalls are not the only thing washington is worried about. Lets lead with the fbi. Investigating whether highfrequency trading firms break the law. There is a question about timing. Trying to sells his book right now on flash trading. This stems from a multiyear investigation that has resulted in at least 79 convictions. Michael lewis was on 60 minutes and claimed the u. S. Stock markets are rigged because of highfrequency traders. It may not be that he is the highfrequencyng trading to the fore. Announcing that ther
Authentic wall street gibberish you hear every day. If youre not clued in it can sound like the pros are speaking an entirely different language. There is an industry that wants you to think investing is too hard, you cant do it and safest thing is to give your money to a pro. Maybe that is the right thing for some of you. If you put in the effort, do the homework you can do, i think, as least as well as the professionals. The fact of the matter is many of the pros are about getting your fees, more interested in taking your money than making your money and that often means keeping you ignorant about the market so you stay in their stock chains. Their chains are strong. Theyre like the wizard of oz. They dont want you to peek behind the curtain, they dont want you to understand. If you did you would take control of your own finances, pick your own stocks and not pay someone exorbitant fees to dot things youre perfectly capable of doing yourself. Thats where i come in. Tonight im pulling
Melissa. Welcome to a friday addition of iet makers on a very am a very fortunate stephanie ruhle. I am the lucky one. Matt miller in for Erik Schatzker. Pleasure to be in. I just want to point out, as we were getting excited, you said lets goose this pig. What does that mean . Crumpton says that every time he starts a program. I want you to know when you are sitting next to me, kicking it off with lets goose this pig isnt so good. That is a little behind the scenes there. Now time for top news. Rupert murdoch is raising cash potentially to sweeten his bid for time warner. 21st century fox agreed today to sell its pay tv businesses in italy and germany to bskyb. Fox has 9 billion all in cash. Herbalife is upping its game in washington. The company is hiring a former aide to Vice President biden. Alan hoffman will oversee Public Policy and government affairs. Is currently investigating the company over allegations that it is a aramid game pyramid scheme. With seinfeld is in talks netfli
Were going to dig into that number. There is also evidence of a great rotation. The nasdaq falling today. The russell falling. Some say thats where rebalancing would begin. Older blue chip, oldschool names like dupont, ibm, ge may be the beneficiaries. And europe making a big move today. Cutting rates. But was it too late . And speaking of big moves, the fda officially proposes banning artificial transfats in foods like frozen pizza, cookies, crackers, refrigerated dough. Thats a food group unto itself. Frosting and coffee creamers. First, though, to sue. At the nyse. Hey, ty, its great to be here. Twitter, as you know, went public this morning. It went flawlessly. And im standing right here at the post where twitter now trades. And this is the guy, glen, come in here for one second. I know you dont have a mike. Glens the guy, the designated market maker. He opened the stock this morning. It was a flawless debut. Congratulations. Thank you. Were going to be all over twitter throughout