sooner rather than later. gold and oil also staged dramatic sell-offs. pepsi is going for a sales pop by changing its pricing stratgey. the soda-maker wants to break consumers habit of only buying soft drinks when on sale. the sec is charging south miami with misleading investors on the status of its municipal bonds. the city will settle the charges. triple predicts a memorial day travel dip. the number of motorists will drop by nearly 1%, while air travel declines 8% as fliers are becoming fatigued by added fees. trader mark sebastian joins us now on the show for a closer look at the thursday trade. good morning to you, and do you suspect it will be another day of wild swings in the market? - you know, i am not so sure this morning. we saw a big range yesterday, but that was just a continuous slew of information out of the fed, the fed kind of whipping the market left and right. i don t think we are going to see that today. end-of-day yesterday we saw the vix really sell of
a lot of investors are now pointing to germany reiterating staunch opposition to common bonds after german chancellor angela merkel said issuance of bonds like this will not occur, quote, as long as i live. back here in the united states, a couple of economic reports of note today. at 8:30 eastern time we get may durable goods. then coming up at 10:00, pending home sales. right now let s get over to brian and some of the morning top corporate headlines. good morning. thank you very much. maybe a little willco, radio head, that would be fantastic. as you noted hedge fund manager wine steen has exited his bet against jpmorgan and booked a tidy profit. he was one of the first traders to call attention to a derivatives bet that cost jpm at least $2 billion. meantime, a judge ordering samsung to stop selling galaxy 10.1 tablet in the u.s. it s a significant win for apple in the global smartphone and tablet patent warns. apple filed an injunction against samsung and samsung say
here as we got near final figures on the dow. i know i m speaking, the dow is up 33 hello there, yes, i m wearing my microphone again. we had been up about 70 points. the nasdaq is up 17 and the s&p just up over 6 points. this is near final figures. the markets may have seen modest gains today, but have we seen a bottom of sorts yet. just a few months of trading left for the quarter and the first half of the year. they have tacked on major gains recently. one of our next guests says the worst is not over yet. joining us is joe, maggie, great to have you all. maggie, i want to start with you, as we come towards the end of the first half, what has worked for you and what hasn t? any income security, particularly high-yield, and on the ek adequatety side, certain parts of specially farm have done very well, and some of the consumer digressionary. are you changing your costs? what i m focused on, i think we re going to see our growth begin to accelerate late in the year,
start to see what the demand is for our aircraft, we re going to need so much more as we move forward. listen, ray, thank you for hosting us here and thank you for educating us. thank you. good to see you. ray conout at boeing. the decline in manufacturing is reflected in the changing demographic of the american workers, as we were just discussing. less than 9% of americans now work in manufacturing, a decline of 8.1 million during the last three decades. manufacturing now in fact represents just 11% of our gdp, down from nearly a third in the years following world war ii. so the question going forward for all of us is, can our economy function properly without these jobs? is this not the guts of the american job market? with 30 million americans unemployed or underemployed,
movement, and showing new sectors of the industry that aren t just surviving, they re thriving. steel on wheels it s all aboard to seattle. and the show starts right now. well, good afternoon to you live from the kickoff of our third steel on wheels tour. welcome to the future of flight aviation center right outside of seattle and adjacent to the dreamliner campus for boeing. the 787 being assembled just outside these doors. nice to see you. i am dylan ratigan. this area home to boeing, one of the several great manufacturingers based here in the great northwest, and we ll take you inside the nucor steel, and efficiency and innovation the name of the game for more than 100 years, an industrial neighbor that is incredibly efficient and as a result welcomed in this town. companies like nucor and boeing a couple success stories here in the seattle and the northwest, but they too are operating in an increasely hostile manufacturing sector, with rigged trade particularly between