But it seems people would rather have the tortoise than the hare. The question about this one is whether we will get the same result. Yields are moving up. Well talk to Rick Santelli about that. Gold is getting slammed. Oil has been a little higher today and it goes back to the jobs report. Its jobs friday. Well see how that wraps up trading with an hour to go. The dow right now is down 57 points as traders troo toy make sense of where this leaves the fed and what happens next with the u. S. Economy. The s p is off 5 points and the nasdaq down 15. Declines of a quarter to a third of a percent across the board at the moment today. Twohour closing bell panel. Scott cavanaugh of first national. Weve got eric stein of eaton vance. Christine short from he is estimize. Weve Steve Liesman and Rick Santelli in chicago. Steve liesman, 257,000 jobs created. The Unemployment Rate dipped goes up to 5. 7 . Regale us here. Theres a lot to regale you with, bill, because i think the big story is not s
Cfo will join us first on cnbc. Staples and office depot higher in the premarket, reports two in advanced merger talks. First up Oil Prices Rising sharply on expectation of decline and u. S. Drilling activity. Bp posted better than expected quarterly results. Bp ceo bob dudley spoke this morning. I think its going to take time. Could be a long time. There is excess supply. U. S. Productions still growing. We see about the rig counts what its growing. And chinese demand of course great. Growth in china is not as high as it was. So we have stock levels filling up all over the world, tanks filling up. Wont be long before people putting them in ships and that take is along time to work its way off. Is there a lot of oil news today. Thats just one data point. I love bob. Hes late here. Theres already been a dramatic increase in the number of financial players taking down tankers. If you look at nordic and american tanker they will tell you that is happening now. Whats interesting and bob du
Disclosure, empty and herbalife shares have their best day ever. Good morning. I am watching i am erik sheth i am Erik Schatzker. Stephanie is out today. Lets begin with the newsfeed. It has taken almost six years, but today the sec is poised to approve an overhaul to the 2. 6 trillion money market, closing one of the scariest chapters of the financial crisis. Require prime market new rules will require prime money market funds to drop below the sacred one dollar a share. Money market funds sold to Retail Investors will be exempt from the new rules. Big presentation on herbalife yesterday turned out to be a moneymaker for investors on the other side of his short. Carl icahn, herbalifes biggest shareholder, made 234 million as the stock surged. Other big winners include george soros and richard parry. The owner of the l. A. Clippers cries foul again. Donald sterling is suing his wife and the nba accusing them of fraud over the planned sale of the team to steve ballmer. Sterling says he
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