closed with a loss. and here in the u.s. late yesterday, macy s caught wall street by surprise. the second largest department store operator forecasting better profits, but at the same time, said it would cut 2,500 jobs in a restructuring. that news sent the stock up 5% in premarket trading, so macy s likely to be a mover this morning. tough job news for macy s, but not for america, not for the country here. no, you re seeing again and again little pieces of evidence the job market is improving, even as in washington they re lobbying to pay more unemployment benefits for the long-term unemployed. it s because for people out of work six months or longer, it s the same old job market. christine romans will be all over that, you can be sure. coming up next, the temperatures are rising, but the misery intensifies following this cross-country deep freeze. indra petersons is tracking the damage, and thankfully, the big changes coming in the forecast! mine was earned orbiting the moon
with a stream of water but also sparking safety concerns. time for business news with alison kosik. a new record high on wall street, did you notice? facebook shares topping $39 and up in premarket trading this morning. facebook saying it s selling more ads on mobile devices and as for the overall market lower today. a lot of clunkers on the road. the average age of a vehicle in the u.s. just over 11 years. that is actually a record high. cars are more reliable these days and people are hanging on to them because of the sluggish economy. shachevy is knocking $5,000f the price of the volt. nissan and honda have been offering discounts on their electric cars too. what is the goal? to boost sales. let s get to indra petersons for the weather. a tropical update. h henriette. the consensus it will weaken
advice from halliburton. by hiding these documents, halliburton was trying to pass the blame over to bp, which, as much asphalt as bp is already pleaded guilty criminal charges related to the explosion and paid billions of dollars in fines and continues to pay billions of dollars in fine. going back to this deal for halliburt halliburton. paying a penalty for $200,000. that is the maximum fine. halliburton also voluntarily gave $55 million for the national fish and wildlife foundation. with this deal, carol, the justice department is agreeing not to pursue any more criminal charges against halliburton. on this news, hal beenliburton s are up 2% in premarket trading. alison kosik, thanks so much. lions and tigers and a bear, oh, my. no lions or tigers, but there was a bear. don t know what they were drinking in this bar, but it must be potent. i m just saying. only one guy noticed that the six-foot tall, 300-pound black
new data this morning on the job market. look at this rally. can i show you the rally? before you get freaked out about the dow coming down, it s up 16% for the year. same for the nasdaq and s&p 500. toyota shares down this morning nearly 3% in premarket trading. toyota recalling nearly a quarter of a million hybrids. 87,000 in the u.s., the 201 prius and lexus hs-250h. the $1.29 itune song might cost you more than you think. a growing number of states are enacting sales tax laws. minnesota will be the latest one to join in with its new tax kicking in next month. the law varies by state. but overall downloaded music is one of the most commonly taxed. in mississippi, a $12.99 album comes with a 91 cent tax. 78 cents in vermont. go to cnnmoney.com for a look at your state. check this out. a flying pizza.
security threats related to benghazi were handled by others. more trouble for disgraced cyclist lance armstrong this morning. millions more. the justice department now suing him trying to collect some of the $17 million the u.s. postal service paid him during their endorsement. the suit claims armstrong violated his contract when he admitted using performance enhancing drugs while winning seven tour de france titles. minding your business this morning stock futures pointing higher. yesterday s rally came despite a wild 145-point drop in the middle of the day. that s when hackers sent a tweet from the associated press that there had been an explosion, there wasn t. markets recovered. but it shows you just how vulnerable the market is to fake social media. keep an eye on apple today by the way. the stock has turned lower in premarket trading. profits slipped last quarter. customers were buying older model iphones and the ipad mini, which makes less money for apple. apple also raisi