Hampered growth in the early part of the year that was in the event that eyepopping number showing the economy contracted nearly 3 in the first quarter. But then slowly the economy seems to be finding its footing again. So does that mean were on track for stronger growth in the second half . Steve liesman takes a look. Here is what to watch for in the economy in the second half. The best guess is that the economy and jobs will both strengthen. Is not so much because of any positives, but the lack of negative ones. Most economists see 2014 as a year where the headwinds that have held back growth are easing up. The political high jinks that hobbled the economy last year like the fight to the death over the budget resulting in the Government Shutdown seems to have been resolved at least for now. Job growth hurt by a severe winter look to be picking up. Europe seems to be clawing its way back, at least no longer negative. The big challenge weve been maintaining 200,000 plus job growth mont
Hampered growth in the early part of the year that was in the event that eyepopping number showing the economy contracted nearly 3 in the first quarter. But then slowly the economy seems to be finding its footing again. So does that mean were on track for stronger growth in the second half . Steve liesman takes a look. Here is what to watch for in the economy in the second half. The best guess is that the economy and jobs will both strengthen. Is not so much because of any positives, but the lack of negative ones. Most economists see 2014 as a year where the headwinds that have held back growth are easing up. The political high jinks that hobbled the economy last year like the fight to the death over the budget resulting in the Government Shutdown seems to have been resolved at least for now. Job growth hurt by a severe winter look to be picking up. Europe seems to be clawing its way back, at least no longer negative. The big challenge weve been maintaining 200,000 plus job growth mont
Showing the economy contracted nearly 3 in the first quarter. But then slowly the economy seems to be finding its footing again. So does that mean were on track for stronger growth in the second half . Steve liesman takes a look. Here is what to watch for in the economy in the second half. The best guess is that the economy and jobs will both strengthen. Is not so much because of any positives, but the lack of negative ones. Most economists see 2014 as a year where the headwinds that have held back growth are easing up. The political high jinks that hobbled the economy last year like the fight to the death over the budget resulting in the Government Shutdown seems to have been resolved at least for now. Job growth hurt by a severe winter look to be picking up. Europe seems to be clawing its way back, at least no longer negative. The big challenge weve been maintaining 200,000 plus job growth monthly and how the economy will react as the Federal Reserve gradually draws down its stimulus
Speak the language in a statement and remove a considerable time frame. The statement and an updated forecast is due out at 2 00 p. M. Eastern today. A half hour later, chair janet yellen will field questions from the media. Beyond the fed, the ruble and oil. The russian currency dropping about 60 against the dollar this year. Cnbcs Geoff Cutmore has made its way to moscow and will join us there in just a minute. He is looking at russias move to sell the currency. As for oil, worries about a surprise pressure in prices, france is now down nearly 20 since opec decided to keep rates steady late last month. Add all these stories together and we have a very jittery market. The dow has shouldered triple gains and losses in the session. The blue chip index swinging 700 points yesterday alone. The dow, nasdaq and the s p closing at their lowest levels since the understand of october. Just a little after 6 00 a. M. Is how we stand right now. The futures look like they are headed up. But as we
Im guy johnson. And im francine lacqua. Talks are ongoing between greece and the euro area today as the greek government looks to carve out a new bailout contract. Lets get straight to hans nichols in brussels. What is the most Important Development in the last 24 hours . Good morning, francine. They do have these technical conversations going on for a longterm program. They want to agree on all the numbers. Eu officials, technical advisors, and greek officials. They are going to have a political agreement. We dont have a political agreement yet. We have an agreement to go through the numbers and continue the negotiating process. They need the same data sets and that is why we need to have thats why it is important that you do have these numbers. Angela merkel is positive. She says that mr. Tsipras was someone that she could work with. We gave each other a friendly greeting. I congratulated him on his election win. I told him that from my side we want to work well together. We will tak