Away from election day. Two key races in new jersey. A big Chris Christie win might make him the gop president ial frontrunner. And in virginia, can republican Ken Cuccinelli pull a fast closing upset . Those races tomorrow night. All those stories and much more coming up in the kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. Were live here at 7 00 p. M. Eastern and 4 00 p. M. Pacific. We have more headlines breaking today on the failure of obama care. Heres the latest. A new study shows up to 129 people could lose their Current Health plans and face an average premium hike of 41 because of obama care rolls. We have more on that in just a couple minutes from the author of the study. And documents acquired by nbc show that Administration Officials are worried that more and more americans will be angered when they learn about the real costs of obama care and that they may lose their doctors. But the big story is this. Because of the
Whats different this year is q 4 doesnt have easter but this year it does so the comparables are tougher. I expect it to recover as we move into next summer. Alka tell luce sent is trying to shore up its Balance Sheet. And a settlement for sse capital. A deal will be signed today for the landmark case against the embattled hedge fund firm. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. Good morning. We have some breaking news to share with you this morning. Lets just dive into the eurozone latest manufacturing pmi printout for october. Its risen to 51. 3. This is the latest in line with what we had from the flash number, 51. 3. So no change in the second reading effectively. It is slightly higher than the number that we had back in september, which was 51. 1. The output index has risen to 52. 9 consistent with the flash number. So these numbers coming in today shouldnt do much to shock the market too much. In terms of the output prices ind
Billion. Tripoint is backed for gary sternlicht. Andrew, good morning. Theres some synergy there, as they say in the merger business. Also, we have some corporate buzz. The New York Times reporting that u. S. Authorities have expanded the probe into jpmorgans hiring practices outside of china across the asian pacific. Theyre focusing on south korea, singapore and india. The d. O. J. Was exploring other areas. We talked a little bit about this. Jpmorgan is the one that actually went to the d. O. J. And started talking about these other hiring practices and now theyve expanded their probe. There they are. Good news, in the i. P. O. Space, october was the busiest month for u. S. Offerings since 2007. 33 companies raised more than 12 billion companies. Finally, a new cnbc Associated Press poll is finding that the social Network Faces skepticism from potential investors and broader publica head of its initial public offering. Kayla is going to join us with more of those details in a minute.
3,765. And Standard Poors staying above 1700, down about 8 points. Im coming to you from oracle world conference in san francisco. Well bring you an exclusive interview with president mark hurd coming up next. But the s p 500 and dow on a threeday losing streak. Lets get to bob pisani. Its the worst kind of week. I hate it when washington dictates the agenda for the stock market because invariably nothing good happens. Thats kind of what happened today. Nothing very good happened. Take a look at key headline. Maria hit it on the head. The important thing is, we have a lack of leadership from the fed. We heard from some important people today. Mr. Dudley, mr. Fisher, they essentially said opposite things. Key players, ms. Yellen and ben bernanke on sidelines. Janet yellen canceling an important speech in new york city. Big reason . Theyre considering her for head of federal reserve. The clean living bill going to pass the senate and house . We dont know. Its creating uncertainty. Look a
Start to august. Yesterday, you were looking at the dow industrials, the dow transports, the s p, the russell 2,000, all closing at record highs. And the nasdaq was at a 13year high. Meantime, take a look at the tenyear. Yesterday, very interesting action here after all the strong economic numbers that we have been looking at. You saw the tenyear rising above 2. 72 , climbing again today to 2. 738 . What was interesting about that is while the yield was climbing, stocks were climbing too. People are looking at the good economic numbers and thinking, okay, maybe things are actually finally starting to turn. They kept coming, they kept it looked like a few i was wondering how the dow was going to finish as the tenyear. The tenyear yield was climbing through all of that. Same thing, trying to get that 38. Right. So many facebook shareholders waiting for that bad moment. As we mentioned, the data is coming after the markets closed at new all time highs. The dow was up 128 points yesterday,