And thats making Companies Take notice. Change is in the air. All of that and more on nightly Business Report for thursday january 30th. Good evening, the u. S. Economy is growing, earnings are coming in strong and that inspires investors to buy stocks today. Stocks came roaring back on news of the u. S. Economy grew at 3. 2 in the final three months of 2013. It was one of the strongest quarters in eight years. And credit goes to solid spending by consumers and businesses and jump in exports. Another batch of healthy earnings contributed to the rally. Today was the busiest day with reports from exxonmobil and visa and 3m and dozens more. Lets rundown pt closing numbers from wall street. The dow rose will 110 points and nasdaq surged 71, a gain of 2 , thanks to a 14 jump in facebook shares and s p was up 20 points. Good earnings across the board but a different story for amazon after the closing bell shares of the worlds Biggest Online shopping site plunging initially after a big profit
And thats making Companies Take notice. Change is in the air. All of that and more on nightly Business Report for thursday january 30th. Good evening, the u. S. Economy is growing, earnings are coming in strong and that inspires investors to buy stocks today. Stocks came roaring back on news of the u. S. Economy grew at 3. 2 in the final three months of 2013. It was one of the strongest quarters in eight years. And credit goes to solid spending by consumers and businesses and jump in exports. Another batch of healthy earnings contributed to the rally. Today was the busiest day with reports from exxonmobil and visa and 3m and dozens more. Lets rundown pt closing numbers from wall street. The dow rose will 110 points and nasdaq surged 71, a gain of 2 , thanks to a 14 jump in facebook shares and s p was up 20 points. Good earnings across the board but a different story for amazon after the closing bell shares of the worlds Biggest Online shopping site plunging initially after a big profit
Kremlin has been amassing military along parts of ukraines eastern border. Ahead of the meeting, john kerry stopped to speak with reporters. About. Ave a lot to talk i look forward to an opportunity issues and the possibilities that we may be able to find about how to move Forward Together to resolve some of the differences between us. We look forward, i know, to a good conversation. We will take you live to the Russian Embassy later in the hour for an update. The public face of russias seizure of the peninsula is holding a News Conference ahead of the vote. You can watch it at bloomberg. Com tv. We want to focus on the oil ties between the countries. The u. S. Is selling 5 billion barrels of oil today. It is the first time the u. S. Will be testing its release system. Barrelsel, 5 million sounds like a lot, but put it into context. It is kind of like a drop in the bucket. It is basically less than 1 of all of the oil we stockpiled. The whole enchilada is 690 Million Barrels. Huge, and
After a setback yesterday. Hello, tyler. Shares late in the nasdaq higher as activist investor carl icahn increases his stake in the company, steps up his effort to get ceo tim cook to launch 150 billion stock buyback. Does icahn really own enough shares to get his way . We will talk about that and more. Where is the growth . We are looking at growth and the economy, coming up. When i talk to former council on economic adviser Larry Summers. Where he sees the u. S. And global economies headed as well as discuss some of the recent headlines out of the countrys capital. Meanwhile, maria, lets get you up to date on the markets. They are powering higher right now. The strindustrials up 113 pointt 15,526. About. 75 higher. Nasdaq moving up by 25 points. 3932. Twothirds of a percent. S p 500 is at 1753. Up seven points or a little less than. 5 . Maria . Not a bad showing today with that triple digit gain on the dow. Bob pisani, whats behind this move . Weve got strength in home depot and vis
And right now the dow is higher. But the s p is trading a bit lower. We should mention a lot of people are looking a t the moves weve seen in the 10year wondering if people woke up today, realized, oh, my god. Maybe tapering is tightening and stocks could have a tougher go of it. Well get into all of this coming up on the program. Also coming up, weve got two huge exclusive interviews on tap. Legendary investors jim chanos and bill miller. Their best ideas on a market many think is to fidefying grav looking forward to that. Today we get an exclusive read from zillows ceo spencer rashoff. Home sales dropped in the Third Quarter, we saw, for the Third Straight month. But zillow says that home prices are still on the rise. So what happens next year as the fed is tapering, presumably yields go up on the long end of the yield curve. That has an impact on Mortgage Rates. If Mortgage Rates are going up, what does that do to sales and home prices . Well talk with the ceo of zillow about that.