And Reynolds American moving of 0. 23. So forget what i said about decisions have a huge impact on stocks. And remember convicted ponzi scheme mastermind Allen Stanford . Remember him . High Court Considering to shut down classaction lawsuits from investors. The ver victims who lost billios investing in a 7. 2 billion scam. The justices are expected to rule on that case sometime next year. This is massive breaking news. But you never heard me say this. Putting the pressure on a stock right now. Nicole petallides on the floor of the New York Stock Exchange. What is this about . Nicole lets break the news right here. Talk about the wellknown of boots, ahead of this company. The shares are to the downside nearly 7 lower. There have been talks based on some surveys, warning the sales trend has been dwindling, and so now the question is if the company is using sheepskin substitute. That may be for some of the boots. Do you want uggs if it is a substitute . Maybe you do, maybe you dont. Mayb
The app store. Once youre there, this traffic feature will give you real time traffic information, even down to street level, down to your neighborhoods. You can see that the beltway looks pretty good zooming into 95 on the northbound side. No big issues, just a bit of slow traffic closer into springfield. Lets take a live look outside. In maryland, this is what it looks like on 270. Slow from 109 to 121. Back to you guys. Later today, the d. C. Council could vote on a bill to decriminalize small amounts of marijuana consumed in your home. However, what to do about people who want to spark up in public seems to be a Sticking Point for some. Jessica doyle joins us now in the newsroom with more on that. Good morning. Good morning, mike, andrea. You talk about decriminalizing pot. Needless to say this become as high interest topic of discussion. Not just here but around the whole country right now. Its the full d. C. If the full d. C. Council passes the measure today, washington would joi
Yesterday. A 27point range in the s p. Earnings from coach, merck and panera and twitter tonight. Tenyear yields around 2. 72. The fed begins a twoday meeting today and europe is up across the board led by the dax in germany. Our road map goes like this. A day we here at cnbc has been counting down to. Our official first 25 list of rebels, icons and leaders unveiled this morning. Well bring you the ranksings. Merck shares are higher in the premarket after it beat the street despite some generics cutting into revenue and reaffirmed fullyear guidance. Coach shares lower in the premarket. Womens accessories taking a lit despite earnings coming in ahead of consensus. First up, the list is out, this morning cnbc has unveiled its first 25 list as we celebrate 25 years on the year. The people who have had the biggest impact on business and finance over the last quarter century. The top 5 is led by steve jobs, followed by bill gates, ben bernanke, alan greenspan, the google guys, written, page
The Company Similar porting its food truck business for frozen drinks into restaurants and supermarkets around the country. All that and more over the next hour. But first, lets get headlines from my radio cohost. Thank you very much. Hewlettpackard is cutting more jobs. The c. E. O. Is pushing forward with a revamp of the worlds second biggest p. C. Maker by eliminating 11,000 to 16,000 jobs. The cuts come on top of the 34,000 reductions already announced. Meantime, the gap reported First Quarter profits at exceeded analysts estimates. The retailer was helped by sales of lowpriced clothing and athletic gear. Same store sales rising 9 in the month of april with an 18 jump at old navy. And Reynolds American which is the maker of camel cigarettes is said to have explored the monthse of lorillard for but apparently the efforts have been stimied. Those talks are said to have fallen apart on several occasions. And thats a look at some of the top headlines at this hour. Back to you. Thank yo
Hang sang up 0. 5 . Modest decline in shanghai. European markets, things have barely budged there. Directionalist at this point. Waiting to see whats coming. Part of thats going to be what we get right here, a packed docket of Economic Data today. Most notably youll be getting jobless claims, that comes out at 8 30 eastern time. Economists are expecting 312,000 firsttime filings, higher than what we saw last week, that was 298,000. Something that a lot of people caught their attention last week, below 300,000. Well also be getting a key update on housing at 10 00 eastern time with existing home Sales Numbers for the month of april. As for corporate names to watch, we have retailers in focus again. Quarterly reports are due from best buy, dollar tree and sears. That all comes before the bell. Then this afternoon well be hearing from hewlettpackard, the gap, fresh market, gamestop and tivo. Andrew, over to you. Good morning. Good morning, becky. Thank you for that. Corporate news this mo