15,542 is the intraday high. 409, the closing high. So weve had the little box counting down the number of points we are within that range. But right now, about 100 shy. Fourth consecutive up day for the dow. And the best fourday gain the dow has seen since the beginning of the year. When we launched this whole madness for 2013. So this is a strong rally any way you look at it. A couple of traders down here saying it sounds eerily familiar to back what happened remember may 21st . Thats where we set the highs for the s p, and what happened the next day. Ben bernanke. Who do we hear from tomorrow . The Federal Reserve. Oh, boy. Deja vu all over again. Meanwhile, reaction still pouring in about Eliot Spitzers attempted comeback in politics. Wall street and the banks are not happy, but you know who we havent heard from yet, the person that spitt erspitzer wil running against for comptroller, but you will be hearing from Scott Stringer here. Hell be here with us, and well get his reaction
Committee. The former auto executive engineered a turnaround at the auto maker by globalizing models, cutting costs, boosting technology. It is unclear if he will play drivinge in the self car program. Yahoo will return cash to shareholders when it sells stake in alibaba. They will use at least half of any proceeds from the sale to fund the project. Yahoo reported Quarterly Earnings showing the Company Still struggling to deliver growth while contending with properly or popular rivals. They will sell 148 million shares down from the originally planned 208 million. Now to the lead story of the day, apple and ibm burying their past rivalry. They will develop apps for the apple iphone and ipad tailored to work with ibm Data Analytics and cloud services. Ibm will sell apple products directly to business clients and apple in turn offers apps support. This will help them expand into the enterprise of market enterprise market. Anping them stay relevant in increasingly mobile environment. Im a
The president tries to bounce back with sinking approval numbers. He brings in the celebrities, gets a new pet and embarks on a speaking tour to friendly audiences. Good morning, everyone. The 1972 Miami Dolphins get their day in the sun at the white house today and the president brings in sonny, a new dog, very appealing and visits colleges where he knows hell get a fogood reception. Youll see positive messages as the president tries to counter a slumping approval, looming obamacare and a weakening economy. Weve got no trend for consumer spending. Some stores are hurting and others the bottom line, you are not spending like you used to. For investors, will the dow drop below 15,000 . Its getting very close and so are we. Varney company is about to begin. [ male announcer ] these days, a Small Business can save by sharing. Like carpools. Polly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Its
Doug mckelway starting coverage. What changes can we report, doug since this embarrassing report went public . Reporter lots and lots of changeses are headed our way bill. Whether or not they work or enagain der confidence remains to be seen. This is latest embarassment for long line of embarassments for tsa. A recent report hundreds of security badges weeks ago were loss at the Atlanta Airport and san diego airport. This is much more serious. This new internal report shows out of 67 out of 70 attempts to pass contraband material through tsa security, screeners did not detect the contraband. In the aftermath of this, dhs secretary, jeh johnson tried to put the best face on it with a Statement Last night which read in part, these numbers in this report never look good out of context but they are critical element in the continue evolution of our aviation security. We take these findings very seriously and efforts to enhance capabilities and techniques as threats evolve. In addition to th
Heres a look at a man who has turned the chinese car industry upside down. Its a rags to riches tale the son of a rice farmer genies found early shoe food is chinas tenth richest man according to Forbes Magazine the fifty four year old started out with a refrigerated parts factory in the one nine hundred eighty s. Back then though the sector was strictly state run inevitably also richies shuts nice factory down but by then lee had already made a small fortune and so he simply switched industries producing first motor bikes and then cars as lee himself said all you needed for a car were four wheels and two sofas an insight that for several years reflected the quality of his vehicles but just two decades later chile was selling around one point two million cars a year in china making it the nations knowledge is independent carmaker in two thousand and ten leave bought up struggling automaker volvo from ford he floored money into the swedish plants and then with Great Success brought a vo