And nearly tripling the Funds Available under the program. This all part of an attempt to bring down financing costs. Pay attention to brazil at this hour. About 7 00 eastern time thats when the central bank there is expected to hike rates again as inflation surges. Well watch them when we get to 7 00. The adp report is due at 8 00 a. M. Eastern. Its supposed to show the economy added 215 private jobs last month and theres a lot of fed speak on the docket today. Well hear from the president of the chicago, kansas city dallas and new york fed branches branches. In washington theyll start to consider obamacare. Focus is on how to determine the law. It allows premiums to be subsidized in states that set up exchanges. If the court agrees the money wont be allowed to go to residents and states using a federally operated exchange and theres an interesting piece in the New York Times today that so much posturing but that the Obama Administration at this point is saying theres no way if theres
Mcdonalds joins walmart, gap and target announcing a wage hike for 90,000 employees. The ceo saying its all about the turnaround. Europe going big against google. Reports the eu is seeking a 6 billion fine. Does google in fact have an antitrust problem. Futures are mixed after the first trading day that q2 had. Saw losses on wall street. Oil prices pulling back as investors await the outcome of the ire ran Nuclear Talks. Jobless claims down last week from 20k to 268 near a postrecession low. Data coming out of tomorrows jobs report. Stock markets closed for good friday. A special edition of squawk box tomorrow from 7 00 to 9 00 a. M. Eastern time and of course theyll be all over the jobs number, which jim, after adp, some think might be disappointment, somewhere in the mid 100,000s but now claims. People playing name the number. They have to redo their name the number, right . Whatever they came in yesterday, they had to come and revise. These numbers are so in inconsistent they must d
Note. As for the european markets lets go to the map. There is more red than green on the screen today. Mirroring really what we saw in the United States post the yellen News Conference. Our roadmap today starts with the markets. Stocks under pressure again after sliding during janet yell yellens First Press Conference yesterday. Is it all about interpretation . Well explain. Plus, Goldman Sachs is the latest bank to go bearish on china slashing its Growth Outlook for the next couple of years well tell you why . And how about lennar and underarmor as well the Companies Making big moves thus far this morning and, of course, nike reports after the bell this afternoon. Well go behind those numbers and tell you everything you need to know. Well, its the message heard round the market world. Courtesy of janet yellen in yesterdays News Conference following the fomc meeting the fed chair said the period between the end of the feds bondbuying program and the first rate increase from the centra
Tenyear yield down this morning. Speaking this afternoon, and europe is mixed as well. Road map begins with General Motors halting sales of the chevy cruz sedan due to faulty air bags while the ceo offers an explanation on nbc. Pricing at the high end of the expected range, well bring you all the action of those very first trades. And shares of bed, bath, and beyond are taking, well, a bath this morning. The company missing earns expectations due to high costs. Alcoa buying for 2. 48 billion in cash and stock. Dealers temporarily stopped selling 2013 and 2014 chevy cruz sedans due to air bag programs. Mary barra was on the today show to answer questions about the crisis, and we have more. Good morning, phil. Reporter good morning, carl. Whenever a dealer is told to stop selling a particular vehicle, its not good news. It can be damaging not only to sales, but to the reputation of the dealership and company. Thats what happened to General Motors, telling the dealers, stop selling 2013 a
Yield. How much is the u. S. Government paying you . There you go. Crude oil which we have been taking a lead from. Ive got good stuff on crude. You do . Cant wait to get to it. We start with twitter. Sheriffs getting hit hard after the Company Reported Slower Growth and guidance. Not good for the rest of the year. A couple of dow components reporting before the bell this morning, as well. We are going to have headlines on two big names for you. Talking pfizer and dupont. Plus, apple and alibaba working together. Ceo jack ma hes not the ceo, hes the founder of alibaba. He speaks at length on that idea and well tell you what he had to say in a couple of minutes. Far from the ceo. Joe tsai is not even the ceo. Twitter shares are down sharply premarket despite posting revenue that doubled in the Third Quarter and beat street forecast. Q3 the number of users that logged into that service once a month rose 4. 8 . That represents Slower Growth compared to the prior quarter. In an exclusive,