Been the trend of the new year. The s p 500 fractionally in the green, the nasdaq which did hit a record earlier today is now in the red by 0. 1 . The are plenty of names in new highs but the big picture in a wait and see mode as the vix fear index, tomorrow is the monthly jobs report, jobless claims today, adp report yesterday on the private sector was good news but tomorrow will be very telling. Here is a look at the Airline Stocks which are soaring today, Deutsche Bank liking the overall and their merger plans they put in place will come to fruition in 2014 and the names that appear on this, Southwest Airlines, American Airlines all hitting 52 week highs. Lori thank you. Adam Chris Christie firing his deputy chief of staff after news his aides may have caused that massive traffic jam as part of a political revenge scheme. Rich edson joins us from washington d. C. And the ramifications of all this. He dedicated the majority of his two hours to fielding questions and his deputy chief
York stock exchange. Hi, sue. Hi, ty. Were going to start with jobs in america on the eve of the jobs report. Jobless claims up 14,000 last week to a seasonally adjusted 344,000, higher than expected. The challenger report said job cut announcements were up 17 in april. But then the institute for supply managements Employment Index rose. So bob pisani is joining me right here on the floor of the new york stock exchange. Were near alltime highs on the Dow Jones Industrial average, just about to turn positive again. First, though, to senior economics reporter Steve Liesman on the jobs. Stevie, over to you. Hey, sue, thanks. Most economists out there are pretty optimistic about the friday jobs report. Well get to the forecast in just a second. Want to sew you that ism april manufacturing component that you just talked about. You can see that little winter swoon and popping back up in april. Not back to the best levels of later last year, but certainly ticking up at a good sign for manufac
A Top Hedge Fund manager says theres a clear consensus that we are in a tech bubble. In his letter to clients, David Einhorn says companies he is betting against may fall at least 90 if and when the market applies traditional valuation. He writes certain cool kid companies and analysts are pretending that compensation paid in equity isnt an expense because it is noncash. At ts profit dropped slightly in the first quarter. Revenue was up 4 thanks to a growing wireless business. The company added 625,000 monthly subscribers, up from 296,000 from a year ago. At ts next program which allows customers to make Monthly Payments on phones rather than signing contracts allows the company to pay less in subsidies. Amazon is apparently taking a sales hit in states that collect online sales tax. Researchers at ohio state say households have cut their amazon spending by about 10 in states where online sales taxes are collected. Amazon sales of items over 300 have fallen by 24 in those states. Now,
In a tech bubble. David einhorn says companies he is betting against may fall at least 90 if and when the market applies traditional about uh and traditional valuation. Ime was are pretending intention paid in equity is an expense because it is noncash. At ts profit dropped slightly in the fourth quarter. Undermpany added six 25,000 monthly subscribers, up from 296,000 from a year ago. The next program which allows customers to pay on phones rather than having a contract. Amazon is apparently taking a sales hit. Saysrchers at ohio state household of cut their amazon spending by it by about 10 . Amazon sales of items over 300 have fallen by 24 . U. S. Supreme court will be hearing the argument today what could be when the most Important Media cases ever. American broadcast companies against aereo. Ereo uses tiny antennas to broadcast signals to subscribers without paying for it. Network say this is Copyright Infringement since they are receiving no fees. Aereo claims they are not subjec
Headlines. Nokia Handset Division will be renamed microsoft mobile once the sale closes friday according. O a leaked memo obtained the memo states the existing agreements with partners will remain in place. Agreed to lease an entire building under construction in San Francisco neighborhood. The 26 Story Building is scheduled to be finished in 2017 according to people with knowledge of the deal who say linkedin is expanding to attract talent for those that want to live in the city. This after salesforce signed a major agreement in the same neighborhood. Haschinese smartphone maker changed his International Domain name. It means rice. The reason is they have big expansion plans and says the new domain name is for International Audience and points out it is an acronym for mobile internet. Now to the lead u. S. Supreme court. They will hear the arguments and what could be one of the most Important Media cases ever. American Broadcasting Companies versus vaereo. Use antennas to broadcast to