Huge change. Talk about it with National Economic Council Director jeff zients. Also, media broadcasters winning a Supreme Court ruling against streaming Video Service aereo. What that win means for the Media Industry and for consumers is coming up. Lets see whats happening in the markets right now. The dow, you know, yes, we had that horrible gdp report, a pretty bad durable goods report this morning as well, but the markets have taken it in stride. Weve bounced back from yesterdays decline. The dow is up 30 points. Theres the nasdaq up 23. Its up 0. 5 right now. Thats the best performer of the major averages so far today, and were even moving higher into the last hour and the s p is up seven points right now. Lets talk about it in our Closing Bell Exchange today with Jack Bouroudjian from index financial partners, david from mainstray capital management, susan fulton from fbb Capital Partners and our own Rick Santelli joining us as well. David, as we go into the summer here and the m
And the nasdaq up by just over two points. First, andrew has some of the days corporate stories. Good morning. Thank you, becky. Good morning to you. Gopro is expected to price its ipo after the closing bell. Its expected to be the Largest Electronics debut. To mark todays pricing, we have a gopro right here on the set, joe. Yeah. I dont know if you see this. Im now taking an image of you. Come of, come over. Is it a video gapemaker . No, no, its just the camera itself. We just said video gamemaker gopro. No, its a videomaker. It makes videos. You see the double box. Thats a little better for the viewers, probably. Nick invented it. Hes a surfer. He was surfing through bali, indonesia, australia and came up with the idea of want to go be able to like if you want to punished it on the front so you can videotape yourself while doing it. We have him on the show tomorrow. We can show my skiing stuff. Theyre waterproof, you play around with them. Weve also talked about what your plans were
Andrew, welcome back. Thank you, becky. It is now official, weve been talking about it for weeks if not months, but bnp paribas has pleaded guilty to charges and paid ads 9 billion fine to resolve violations. 9 billion i think is the most any bank has ever paid in a case like this. The bank is banned for a year from conducting certain dollar transactions. Thats key and its important because its a key part of bnps International Business and will cost them and hit their bottom line. Fbi director jim comey yesterday with a message to all shareholders, not just those with a stake in bnp. The 9 billion thats walking out the door today is your money. We do these cases over and over again and shareholders money walks out the door. Until shareholders demand from their boards that those boards choose leaders who understand what it means to create a healthy culture of compliance, the money will keep walking out the door, well have to keep doing this work. And the penalties against bnp are signif
Any respect for the law . With all the changes and the delays hes making to obama care, some are asking this important question. Does he have the legal right to do it . A top constitutional scholar is calling foul on all of this and he is going to join us tonight. All those stories and much more coming up on the kudlow report, beginning right now. First up, this evening lets talk earnings. How will the quarter shake out . Cnbcs own bob fa is asani has details. It was a risk day, with major outperformance from transportation stocks and Home Building stock, material, energy, financials were strong as well. And even though a lot of people are convinced this will be another lackluster quarter for Earnings Growth, you know the s p 500 is within roughly 1 of a historic high. Now, my take on earnings this quarter is pretty simple. The estimates are for Earnings Growth of 1 to about 3 . They vary. But the final number invariably is three points higher than the initial number for start of the q
Saudi arabia online, the lowest cost facility on this planet. And on top of it, there are legacy issues like the one that we are removing this quarter, trying to remove this quarter, with a new initiations. We also have global news today. China consumer inflation picking up more than expected in june. But deflation remains for a 16th straight month. Countrys central bank is seen keeping policy largely neutral in the near term as a result of that. Here say look at the major asian markets today. The nikkei recouping all of the previous days decline, shy of a new sixweek high. There is a boj policy meeting there tomorrow. Two reports to note, at 7 30 eastern time, the nfi survey of Small Business sentiment, well get that. At 10 00, the Labor Department will release its survey of job openings and Labor Turnover in may. Joe . Andrew. Yes, sir. How are you . How do you solve a problem like alcoa . I guess it is maria, though. A 7 stock, 8 billion market cap. And i like kline felt. He acknowl