Bad is the economy . Tom that was dazzling. He was like a power pitcher. Thor is your picture and the league. We will get the story and a bit. Lets get to our first word news. U. S. And Russian Diplomats meeting for the First Time Since russian jets started attacks in syria. The Obama Administration considers a Major Administration shift in the crisis. Trying to revive efforts to the catastrophic civil war. In washington, officials are setting up a Officials Say setting up a nofly zone is on the table. At least 42 people are dead a truck crashed. More stimulus by the European Central bank. Indicators point to the risk of a slowdown. Mario draghi suggested more stimulus may be needed by the end of the year. Hill, vote counting. The next speaker of the house will be paul ryan. The job. Ccept a formal vote will be held next week. Congress has 10 days to raise the debt ceiling. s jeff bezos third richest person. Shares jumped 10 after an upbeat report. Tom let me do a quick data check. Fut
Tenyear below october lows right around 1. 8. 30year, a record low, above 2. 40. Road map begins like this futures taking abig hit. Monthly retail sales log the largest drop since this time last year. Banks on the hot seat. Jpmorgan misses estimates across the board. Well hear from wells fargo. Good year for gm . Auto giant expecting improved profits in 2015. Futures extending losses as weaker than expected retail sales in the u. S. And concerns about Global Growth. Sales fell. 9 in december even if you strip out gas and autos, sales in most other categories fell below estimates on a day where the world bank jim, says global economys running on a single engine and that is us. 24 hours ago a mark up 1. 5 . Everything seemed great. Then copper fell kb homes disappointed, next thing you know were down big. I caution people that we open down very big, maybe midday something happens thats not so bad. I didnt think wells was that bat bad. Just disappointing, except for people who have been f
Happens . The map at war, heating up. Google unveiling its new map for the iphone after given the boot by apple. Who will win this battle . And shares of best buy, moving up by, look at that, nearly 15 today. Reports its founder could make a take over offer for that retailer, but is that the best move . My partner, sue herera at the New York Stock Exchange for us. Sue . Ty, it is a little bit after down side bias today. Investors are losing enthusiasm over the feds move. And more specifically, the employment rate. Right now, the dow is down 57 points on the trading session. Most of that drop cake after mr. Boehner made comments about the continues impasse in trying to resolve the fiscal cliff. S p down 23, down three quarters percent. And the nasdaq is down about half a percent. Bob joins me on the floor of the nyse. The market is very undecided about what is happening in washington. What the feds know that perhaps we dont know. We are getting smacked around by these two separate event
Calls. Well talk more about david tepper and some others in just a moment. But first, andrew has a roundup of some of the mornings top stories. Andrew, that story is already here in the new york city area. I cant believe it. We needed it about a week ago. I dont know. Shocked me a bit this morning, whoa, back to work in the snow. Well, happy new year. You, too, happy new year. Fiat decided to buy the stake in chrysler it doesnt already own. This is all in cash. Once that deal closes, chrysler is committed to giving the trust an additional 700 million. The agreement ends months of tense negotiations. The deal means no chrysler ipo. Thats important because the ceo never wanted that. And phil lebeau will have more at the top of the hour. In our corporate news, mccow ka seeno has reeled a deal. Were going to talk more about the big business of gambling coming up at 7 40 eastern time. Cnbc is part of that and windsor media, an Investment Firm run by former yahoo chief terry stimble, its sig
It is a tasty deal for investors. Happy friday, everybody. Welcome to Market Makers. We have a great show ahead but i want to start with the march jobs report, 190 2000 jobs added to the economy last month. Like the below economist estimates. Who better to put this in context, to give us the real deal, michael mckee. You can have me back on may 5 as well. In the words of steve stanley, this was perhaps the most boring jobs report weve seen in some time. Everything came in pretty much as expected. 8000 this is just a rounding error. It tells us the economy is still on track. The best news in the report was the Unemployment Rate not going down because 5003000 people came into the workforce. More people think the economy is they canetter, think find jobs, so they are going out there looking for work. That tells you perhaps were are on track to see some improvement. In the commentary i have seen , some are pointing to wages as disappointing. Is it fair to describe it that way . That was a