Leaderboard. No bubba watson. Its right behind you there it is there it is. Caterpillar, apple moving up, boeing, intel, verizon, theyre all there. Mandy is still down under. Kayla tausche down on the floor of the New York Stock Exchange. Great to be with you here on this monday afternoon. We are watching the dow snapping that sevenday losing streak. Also seeing its first 200pluspoint gain since the middle of july. Bob pisani is here with me on the floor to look a little bit deeper into what exactly is pushing the markets higher. Is it all industrials today . No, it is pretty broad rally. 41 advancing to deshriclining stocks. Seven days down in the dow industrials. That doesnt happen very often. Were due for a bounce. Theres hopes for stimulus in china for all the wrong reasons. Look what happened to china today, both shenzhen and shanghai up 4 to 5 . Economic data was very disappointing overall here. Ppi and trade numbers were terrible. But shenzhen and hang shy both rallied, hong kon
Hello, this is todays worldwide exchange. Alcoa kicks off the earnings season with better than expected numbers. The aluminum giant says it sees brighter days ahead. European stocks are boosted on the news, and banks and Telecom Stocks lead the way higher as report suggest europes biggest teleco groups are in talks to create a pan regional network. Analysting warn about slowing growth. The cfo told cnbc hes confident. Weve got a great track record, frankly, over the last five years of delivering, you know, over 100 Million Pounds cost savings year on year. We intend to do that going forward. And a report says the bank of japan will likely cave to heavy pressure and double its inflation target to 2 . All right. Youve got to make the most of us today. Last day today. Only two days until next week . Until next week. A lot of good things coming up. Particularly, we talked about the dollar, when it comes into play. Theres a tweet conversation going yesterday, they are coming on air. I like
people who whethill enter the country a few months ago and they were planning this criminal act since their arrival. meantime in afghanistan, americans were killed by the very troops they re supposed to be training. the chair of the skroint chiejo has called it a serious threat. senator john mccain yesterday on that. it s unraveling because all we tell the afghan people is we re leaving. we re not telling them we re succeeding. we tell them we re leaving. we ll talk about both of these major geopolitical stories with david ignatius at 7:30 a.m. eastern. and back in the u.s., occupy wall street marks its first anniversary today following weekend protests, activists plan once again to descend on new york and attempt to surround the new york stock exchange and disrupt rush hour. kayla tausche is monitoring the situation on the ground and she ll be joining us live with the latest at 6:40 eastern. but first, let s get you up to speed on this morning s other top headlines. an
new jersey. good morning to you. she has a lot more on the terms of the deal. good morning. of course all of this comes after a weekend of none stop negotiations, knight securing that funding that it needed though at a very steep cost to shareholders. as you mentioned earlier a formal deal has yet to be announced. according to reporting by david faber as well as kate kelly this is what we expect. the company will sell $400 million worth of convertible securities. a 2% coupon and a conversion price ever $1.50 a share which is below the closing price on friday. most investors are don t university these convertible shares into stock. who is buying in? jeffries taking a $100 million stake for a share of the convertible securities. blackstone and general atlantic taking 87 million each. td ameritrade and nicolaus will take the rest. they will own 70% of the firm. market cap dropped to $397 million from over a billion on wednesday. following a trading glitch that cause ad $440 mi
back and investing in america and manufacturing is adding jobs for the first time since the 1990s. we just had another good month last month in terms of adding manufacturing jobs. and this facility is part of the evidence of what s going on all across the country. this company is about to hire more than 200 new workers, 140 of them right here in petersburg, virginia. so the economy s getting stronger. and when i come to places like this and i see the work that s being done, it gives me confidence there are better days ahead. i know it because i would bet on american workers and american know-how any day of the week. the key now, our job now, is to keep this economic engine churning. we can t go back to the same policies that got us into this mess. we can t go back to an economy that was weakened by outsourcing and bad debt and phony financial profits. we ve got to have an economy that s built to last. and that starts with american manufacturing. it starts with you. for genera