Nightly Business Report this tuesday may 13th. Good evening, everyone, and welcome. Records fell again on wall street today as the dow industrials and the s p 500 each closed at record highs, more on that in a moment. But we begin with big changes being rolled out at a company that as much as any defines the permanent blue chip, you may earn more in portfolios or funds, it contributed not one bit to the rising markets, the shares were off slightly. The ceo sat down with a Rare Television interview, the conversation was extensive and expansive, and david fab oer jo his us from new york city, good evening, it was a long interview, i dont think i had ever seen her on tv before. No, in fact, you would be right about that, tyler, she has not been on tv, certainly not with us. Almost two years into her tenure, remetti seems to focus on clients and employees and seems to be willing to communicate the transition, a significant one that this giant company is undergoing. 330,000 employees around
Traders say that the vix illustrates the central bank as backstopping the markets so that means theres less demand for downside protection. Speaking of Central Banks, we have two key decisions to watch today. The bank of england is expected to withhold fresh monetary stimulus as the start of the new year gets under way. Forecasters say that the Economic Data is still too mixed to try and trump inflation worries. The ecb also expected to stay steady, holding its key rate at. 75 . Policymakers are seeing refraining as the eurozone economy shows signs of stabilizing. We are going to bring you both decisions as soon as they are announced. And the ecb reports comes out 45 minutes later. First, breaking news out of washington. Today, president obama is going to be announcing his plans to nominate jacob lew as the next treasury secretary. The president will be making that announcement at 1 30 eastern time in an event in the east room of the white house. John harwood joins us now with more on
Monday morning . A good morning to you. We are seeing shares falling across the asia pacific. Check out the figures here. You see the regional benchmark right now. Modest gain here. But if you look at the individual stock story, it is generally a down day. Shares modestly lower in tokyo today as shares get under way. This is what we have. Higher by 4 10. The taiwan Index Trading lower. Lets go with singapore right now because we do have the latest g. D. P. Figure. Those numbers coming in perhaps slightly slowing in terms of economic growth. We did see the Monetary Authority there maintaining its current stamps in terms of the Singapore Dollar. Watching that today. Here are early movers. Among those, hong kong up 1. 6 . In the downside category. Noble group 4 10 of 1 . Thats the publisher of course of the straight times newspaper. Now, as shares continue to trade in tokyo today we are watching the yen. Been a lot of action on the currency front. These are the movers in tokyo. Your downs
Im jim cramer. And welcome to my world. You need to get in the game. Go out of business and hes nuts theyre nuts they know nothing i always like to say theres a bull market somewhere. Mad money, you cant afford to miss it. Other people want to make friends, hey, im just trying to help you save a little money. My job is not just to entertain, but im trying to coach and teach you. So call me at 1800743cnbc. Just when you think the stock market cant keep rallying, when you think that stocks have gone up too far, too fast, the buyers, they come in with a vengeance today hallelujah. Dow climbed 82 points, closed the at a five year high. Why did the stocks rally . Why . Sometimes it is pretty call cuable, simple, because the simplest driver on earth, china, reported a blowout export number showing the countrys plans to reignite growth are, indeed, working and we believe in that. When that happens, buyers swarm in, they buy commodities, thinking how could they not rule now that chinas spendin
Dow climbed 82 points, s p closed the at a five year high. Why did the stocks rally . Why . Sometimes it is pretty calculable, simple, because the biggest driver on earth, china, reported a blowout export number showing the countrys plans to reignite growth are, indeed, working and we believe in that. When that happens, buyers swarm in, they buy commodities, thinking how could they not roar now that chinas spending. They buy the industrials because china relies on a lot of our companies to power their electricity and buy our Consumer Companies that have plunged deep into the retail fabric of the peoples republic. Thats why investing in china is one of my huge themes for 2013. Oh, its not just china, the dollar got clobbered versus the euro, something that our International Companies just love to see. It puts them here. House of pleasure. Why else . How about the fact that ford, one of the best bellwethers of Economic Growth out there doubled its dividend last night. Something i said wa