Days straight. Stuart. I have 57 people who work for me, about a third didnt show up for one reason or another, trying to get through the snow and the trains are delayed and more people are coming in and theyre going to be late so well get off to a slow start. You look behind me, the s p pits, hardly anybody there. A lot of traders trying to get in there. There will be a lack of participation. Stuart thats unusual because were used to Winter Weather and we know all about snowfall and yet, suddenly weve got people who cant get to work. Do you think it will affect pricing on the market at all . Well, i think you could see a little, maybe more volatility with less people involved. One thing i would say, stuart, were in a different age. Somebody cant make it into the trading pit they can jump on the smart phone and trade their futures or equity contracts. I dont think its going to slow them down as far as that per se. But if you get a big move or institutional volume that happens in the pi
Europe is down for the second consecutive day. Our road map begins with jcpenney, a pleasant october surprise as comp sales rise for the month. Trends look upbeat for the month and is giving the stock a big boost in the premarket. Deere jumps on quarterlies but lowes falls. And youre going to want to hear what yahoo Ceo Marissa Mayer had to say last night in San Francisco. Well have that for you. Shares of jcpenney up sharply despite a wider than expected quarterly lost. Mike ullman says penneys is encouraged by the open in november. Theyre talking 2 billion plus in liquidity, sequential increases in margins and comps. There was a whisper around they would lose 2. This is the agabeginning what i have would call the normalization of jcpenney. Theyre going to go back to being nothing, just another retailer. Theyll be like kohls. Well talk about jcpenney like kohls. Main thing is you want to buy pvh because they were the supplier that stuck with the previous guy. Notice i didnt call him c
I am guy johnson. And i am anna edwards. Jack lew has pressed the German Government to boost domestic demand. For more on what is on the agenda, we are joined by our international correspondent, who is in london today. The dates could not have been any worse. Lew is saying you have got to boost domestic demand on the day when we see import declines in germany. The figures were little bit better than expected. Lew is calling out germany, but not by name. Yesterday, with france, he said that countries need to spend more to stimulate growth or shortterm demand. You can talk about growth, right . The bigger issue is, do you have some sort of Financial Stability mechanism . Do you have a backstop . Listen to how he pressed his case for this. We think having backstops is very important. We would like to see more action taken. You have to look at where things were just 1. 5 years ago and where things are now. It is very significant progress. Backstop means one thing, a taxpayerfunded mechanis
This is from bloombergs headquarters in london. We begin with the Banking Center the banking sector. Have a report card and we are looking at a settlement and the latest on a widening global investigation. Lets hear from was a former governor had to say. Not pass wasat did close and you made a lot of progress. The question is about subjective and qualitative factors about how good the process is. They did not just want to rely on the basic model. They want to rely on the approaches that can make the banks folder hair out. Lets kick it off with you. Who failed the stress test . Citigroup is the big one and last week was about whether they in thehstand a crash stock market and an increase in the unemployment rate. Yesterday was about capital plans and the process. It is not only a capital buffer issue. And rbs is the interesting one because they want to get rid of this one. Flag foraise a red potential buyers . There is a reputational thing going on here. It is interesting. They have bee
Win yesterday, what is going to happen . This is a love fest between companies that are using the cloud. They are cutting out the traditional way that Companies Get their software. Earnings tonight, they have totally redone the center, david and not only mc hammer, tony bennett, but green day. Jim, i assume youre going to go to all of those . I have to go to them. I am credentialed, carl. How about this tunnel behind me. This is the largest tunnel in north america. Its assembled at the uk, brought here by ship. You know how he likes to do things on a creative scale. Oh, yeah. In the meantime, jim, futures are pretty steady, as you know. Watch for what they are calling a hat trick. S p, 1800. Ten years under 2. 7. Up 3 in reaction to some of the reforms coming out of china. Our roadmap begins with major market downsizing to 16,000. S p shy and the nasdaq very close to 4k. Boeing hiring the premarket on 100 billion in orders for a revamped 777. And microsoft gets a downgrade from bank of