I am Erik Schatzker. Stephanie i am stephanie ruhle. Erik breaking news but last big piece of Economic Data before the jobs report, julie hyman is in the newsroom with the headlines for us. Julie the expectations were not very high going into the report, but the number is coming in that are than the estimates with a rise of. 2 . This is the fastest rise weve seen since last july, and we have seen this downtrend as of late, a drop of. 3 was what was estimated, however, there is a dark spot, and that is the revision. The month earlier revision for january, the number revised lower to. 7 drop from. 2 , so that may be a watch if you look at all things considered. The fact is we broke this losing streak and it might be viewed as a positive sign by economists and the market as well. Erik julie, thank you very much. Lets not forget the jobs report and special coverage here on Bloomberg Television. Stephanie and the top business stories of the morning. Firsttime claims for jobless defense have
This government is not seeking some extra european solution to what is a european problem. Cory grace, meanwhile has named the 495 million loan payment to the imf which was once in question. They have also increased the emergency funding available to greek banks. The news from greece helped to propel banks today. The stock 600 index of 1. 1 to an alltime high. Investors hoping the Quantitative Easing Program will boost the european economy. Meanwhile, a new report out of germany showed production recovered in january. Intels potential purchase of its fellow chipmaker altera is off. Talks have ended. People familiar say altera rejected the offer of 54 a share and will be looking for new growth as it faces a slowdown in the pc market. Hbo passed new standalone web channel has gone live today on dish tvs sling tv service. Game of thrones premiere is expected to provide another heavy day of outages. Here is the sling tv ceo on dealing with all that demand. The fundamental way the internet
So important so you can use them to make your next move. And then there is this. Well, this is no fun. Thats i95 near washington. No major injuries fortunately, but when traffic is backed up for miles, is that gasoline tanker blocking all southbound lanes. And on that road a million times and that is a day worth of trouble. Lets get straight to this selloff on the street. The dow and the s p wiping out their gains for 2015. Oil moving lower. Bob on the New York Stock Exchange. Sarah eisen and what its doing, and Bertha Coombs up at nasdaq. The rapid update of tracking forecast that give us the immediate look at gdp and how the data changes it. Bottom line were back to growth in the low twos, tyler. I just want to also ask you a followup question because mr. Fisher a known hawk i believe spoke last night. He is no long air Voting Member but nonetheless, what he says does still have influence on the market. Tell us exactly what he said. So i think the story is that Richard Fisher said tw
Falling 0. 33 . Nasdaq advancing 2. 61 . But still, quite a contrast to yesterdays very strong performance. Why cant we put together a winning streak . Why cant we go up for more than one day . I think there are a host of reasons why we rarely have backtoback up days anymore. And the reasons are all endemic to 2015. And theyre worth going over tonight. Because i dont know about you, but i find this market maddening first, we know the estimates from Many Companies are just plain too high. It has been such a long time since that was the case. Many years in fact. And we dont seem to be ready for it. Case in point is intel. Last week intel came out and said business was weak in part because of its personal computer sales, and also because of the strong dollar. Amazingly, on the day of that hideous announcement and it was ugly the house of pain. The stock market as a whole reacted as if intel were some sort of minor, unimportant company, as opposed to the Biggest Semiconductor Company on ea
Chemical weapons eliminated. In autumn the skies over china are usually a clear blue. But this year, a cloud of pollution is obscuring the view. The operators of Fukushima Daiichi Nuclear Plant have resumed the operation of a system used to filter radioactive materials from water. It says human error caused the suspension last week. Workers at tepco resumed their test run of the advanced liquid processing system, or alps, designed to eliminate radioactive materials from the water that is accumulating at the plant. They suspended operations on friday. They had just resumed it for the first time in a month and a half. The workers detected a reduction in the flow of contaminated water in a pipe that sends water to a storage tank. Tepco officials said a loose rubber mat clogged the drain. They said workers forgot to remove it after inspecting the inside of the tank. They had used the mat under a ladder during the inspection. The plants officials have been plagued with problems using the al