Theres a saying around here you stand behind what you say. Around here, we dont make excuses, we make commitments. And when you cant live up to them, you own up and make it right. Some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where its needed most. But i know youll still find it, when you know where to look. Rose additional funding provided by and by bloomberg. A provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. The glorious ideas and ideals of the declaration of independence which we celebrate, as we should every fourth of july, and as we know by our secular faith would have been nothing more than a declaration, words on paper, if it hadnt been for the people who were out there in the slog fighting against all odds, suffering terribly. One of the reasons i wanted to write the book was a line Abi
Gharib. Today we learned the economy created 209,000 jobs in july, the sixth straight month of 200,000 jobs or more and that hasnt happened since 1997. The number was still below expectations and the Unemployment Rate ticked up to 6. 2 . That disappointment actually alleviated a worry, that the Federal Reserve may be forced to move faster on rates than previously thought. Eamon javers looks inside the report and what it means for the economy and job hunters. Reporter today marked the sixth month of 200,000 plus jobs growth in the United States and we havent seen a month of job declines since 2010. Thats creating opportunity across the economy. The government said today employment and leisure and hospitality headed 375,000 jobs so far this year, primarily in Food Services and drinking places. And here in maryland, the state is cashing in on casino jobs. The number of workers is expected to triple to just over 9,000 jobs in the next two years. Mgm resort is building a billiondollar casin
To a new alltime closing high there seemed to be only one stock that everyone on wall street was talking about today. Its name, alibaba, and its triumph in the initial Stock Offering managed to live up to all the hype creating a seldom seen mob of traders jockeying around the post where traders finally began trading on the New York Stock Exchange just before noon. Alibabas ipo was one for the record books bigger than any offering that came before it. Shares of the Online Shopping powerhouse blew right past the opening share house thursday and put the value on the company at roughly 42 billion, more than top competitor u. S. Giant amazon, more than ebay, and more even than facebook. And just a bit below walmart. By the close, alibabas shares were 30 higher. Kayla tausche has more on the blowout debut on the nyse. Reporter alibaba is off and running. The chinese ecommerce giant soared above 90 in its debut after pricing thursday at 68 a share. The Company Founded in the apartment of entr
Investors a big lift. In the first Historic Deal fridays initial public Stock Offering for alibaba officially became the biggest ipo in history. Raising a total of 25 billion for the chinese ecommerce giant. Now thats because initial demand for shares was so great with the stock surging 38 in its debut, an additional 48 million options on shares were sold by underwriters putting alibaba into the history books. Now the other recordbreaking news came from apple. It sold more than 10 million iphone 6 and iphone 6 plus iphones in just the first three days of sales. Its biggest Product Launch ever. With demand for the phone exceeding expectation, how many more new smartphones can ap el sell . And is the iphone 6 the hit that apple needed . Josh lipton reports. Reporter apples ceo tim cook says that the new iphone 6 and iphone 6 plus represent the biggest advancement in the history of iphones. A lot of consumers seem to share in that excitement. Apple says it sold 10 million iphone 6 and iph
Good evening, everyone and welcome. November, it is a month most investors embrace because its famous for starting what historically has been the most bullish sixmonth period for stocks dating back to 1950. But fresh off fridays record high closes for the dow and the s p 500, the markets began this november with a whimper. Early in the day, stocks did rise on favorable data about u. S. Manufacturing. At one. In fact, both the dow and the dow and the s p set fresh intraday highs then came the sharp selloff on oil and that sent Energy Stocks down. The Broader Market followed suit. Heres how things looked at the closing bell. The dow down 25, the nasdaq added 8 just enough to close at a fresh 14 1 2year high and the s p was fractionally lower. So despite todays uninspiring start, will this be a november to remember in the markets . Dominic chu takes a look. Theres a reason why so many investors are optimistic when it comes to the Holiday Season. The end of the year typically comes with a