White house correspondent Julianna Goldman joins us now. How worried are the Insurance Companies about the numbers of those signing up today . Insurers are concerned. They are concerned about instability and consumer confusion. Aroundte house has said one Million People have enrolled in the federal or state exchange, but they originally hoped for 3. 3 Million People in by the end of the year. They are falling short of the deadline. They have not released the demographic data. The concern is while the website is working on the front end, the issues are still on the back end and will end up with the risk pool that is skewed to older and sicker people. They have announced over the past several weeks a number of delays and changes. What insurers are concerned about is that these go to the heart of the individual mandate. Last week the white house said your plan has been dropped and will not have coverage starting january 1. You can get a hardship exemption or you can be automatically enrol
Fed and personal income as well as personal spending data. We will give you those numbers. 9 55 a. M. , university of michigans Consumer Confidence numbers. Facebook starts its first day of trading in the s p 500. That is something you have heard about and prepare for last week. It becomes official now, you will see it in the listings. It is the 100th anniversary of the federal reserve. After that topsecret, 1913 meeting on jekyll island. I have been to jekyll island, is very interesting. Another institution is making news. Not the fed, the imf. Raising its forecast for it u. S. Growth. You can see that reflected in u. S. Futures and around the world. Futures up 7 points on s p, about 0. 5 gain. Same on nasdaq and dow. We are seeing the grind higher for bond yields, 2. 9 on the back of fed taper. Chinr taking it on the against most currencies. Crude oil falling, it has been an uptrend. That has an effect. Looking at the price of gasoline. Cents over the last week. I knew i paid more. G
Shares of mcdonalds fell 4. 5 after reporting weaker than expected earnings and revenues. The fast food giant also said Earnings Growth will be quote pressured going forward. Profits were up at General Electric, but revenues came in below analyst estimates and g. E. Also warned of a tough economic environment. The stock slid 3. 5 . Nervousness about the outlook for Technology Companies pulled down stocks. Microsoft and google, both reported disappointing earnings yesterday. By the closing bell, the dow lost 205 points or 1. 5 . The tech heavy nasdaq really got slammed down 67 points and, the s p 500 dropped 24. The problem is there doesnt seem to be any real tolerance for when a company misses. So, you can have decent bottom line growth, but if the revenue side is light or if the guidance even has a tinge of negativity to it, there doesnt seem to be any mercy, which simply probably tells us in a broad sense that stocks are to a large extent almost priced to perfection. Susie Corporate
Shares of mcdonalds fell 4. 5 after reporting weaker than expected earnings and revenues. The fast food giant also said Earnings Growth will be quote pressured going forward. Profits were up at General Electric, but revenues came in below analyst estimates and g. E. Also warned of a tough economic environment. The stock slid 3. 5 . Nervousness about the outlook for Technology Companies pulled down stocks. Microsoft and google, both reported disappointing earnings yesterday. By the closing bell, the dow lost 205 points or 1. 5 . The tech heavy nasdaq really got slammed down 67 points and, the s p 500 dropped 24. The problem is there doesnt seem to be any real tolerance for when a company misses. So, you can have decent bottom line growth, but if the revenue side is light or if the guidance even has a tinge of negativity to it, there doesnt seem to be any mercy, which simply probably tells us in a broad sense that stocks are to a large extent almost priced to perfection. Susie Corporate
Coincidentally on the 25th anniversary of the 1987 market crash. The major averages tumbled as investors dumped big name stocks on concerns about Quarterly Earnings and the Business Outlook for Corporate America. Shares of mcdalds fell 4. 5 c2 c2r rerting weer than excted es anrenues c2e fa foot al sd engs owth will quotete presre goi forwardc2 ofits were up at rallc2 electric, b revenues came in below analyst estimates and g. E. Also warned of a tough economic environment. The stock slid 3. 5 . Nervousness about the outlook for Technology Companies pulled down stocks. Microsoft and google, both reported disappointing earnings yesterday. By the closing bell, the dow lost 205 points or 1. 5 . The tech heavy nasdaq really got slammed down 67 points and, the s p 500 dropped 24. The problem is there doesnt seem to be any real tolerance for when a company misses. So, you can have decent bottom line growth, but if the revenue side is light or if the guidance even has a tinge of negativity to