Even the opening, putin, im not a big fan. Thats shocking, yeah. I am still into the notion of humanity. Put on a good show. The horses were really cool. You saw the market. We looked like we may open lower this morning. Take a look at tenyear. Do we have that . 2. 69, almost around 2. 7. Up a bit from earlier in the week, of course. But weve got unemployment number on friday. We ent went up. Europe, it is call it a mixed picture. Markets largely up. Asia was strong as well. And lets get to our road map here, back in the u. S. Of a. Futures, mixed after the indices turned in the best week of 2014, biggest gains thursday and friday since october. And anticahn over apple, Scott Stringer urging apple shareholders to vote against icahns Share Buyback proposal. Stringer will join us live here on the set later in the show. Mcdonalds reporting doesnt expect january sales for europe, asia, middle east, and africa, offsetting what was a sharp Monthly Sales decline in the United States. And yelp
Get ready for the testimony of janet yellen, her first testimony to Congress Tomorrow before the House Financial Services committee. So were in sort of a wait and see mode today. Certainly are. Meanwhile, what a mess over at aol. The ceo now apologizing for citing the cost of providing insurance for, quote, distressed babies and plan to match 401 k payments only at the end of the year. Who should the ceo be looking out for first, his workers or shareholders . Well make the payments at the end of the year or no. That was easy. Also, that report that obamacare is going to cost the equivalent of over 2 million fulltime jobs. That just continues to rattle washington right now. It was a big focus of the sunday morning talk showinp morning talk showins morning talk showinhows, and no Tommy Thompson will be here exclusively. Hes ringing the closing bell for his organization tooteday. Hes got some views coming up. We know were going to hear a little bit more about it perhaps from the gop in ju
Category of folks who dont provide Health Insurance, werent exempted by law, they are supposed to make sure that they meet their responsibilities so that their employees arent going to the emergency room jacking up everybody elses costs and the employers end up not having any responsibility for that. What we did yesterday was simply to make an adjustment in terms of their compliance because for many of these companies, just the process of complying, they are midsize between 50 and 100 folks, it may take them some time even if they are operating in good faith and we want to make sure that the purpose of the law is not to punish them. Its simply to make sure that they are either providing Health Insurance to their employees or that they are helping to bear the costs of their employees getting Health Insurance. And thats consistent actually with what weve done in the individual mandate. The vast majority of americans want Health Insurance. Many of them couldnt afford it. We provide them t
Board. The hang seng was a very strong performer, up by 1. 78 . The shanghai and the kospi in korea posting gains. In early trading this morning, in europe youll see at this point the same story there. The dax in germany is up by 1. 25 . The ftse in london is up close to 1 . And the cac in france is higher by 0. 75 . The key for the Global Markets today is going to be janet yell. She is on her way to capitol hill for her first congressional testimony and Public Comments as chair of the Federal Reserve. Yellen is going to be appearing before the House Financial Services committee starting at 10 00 eastern time. Investors will be paying close attention to her comments on the health of the economy and plans for the extraordinary measures. This is a careful line shell have to walk here, talking about her concerns about the economy but at the same time explaining why she believes the taper has been the appropriate policy to this point. Andrew, back over to you. Thank you, becky. We have a l
About to speak, an hour from now, the tenyear yield certainly becomes important, at two seven. Interesting. Nothing really nothing. Yeah. Give your ro europe before w talk about yellen and the news of the morning as well. You can see largely green over there. What are we thinking . You know, wheres the focus here when we listen to her an hour from now start her first testimony, in the house and in the senate later in the week . Well try to figure out whether 6. 6 is the issue. The Unemployment Rate. Because weve got so many other contraindicaters of weakness, the employment number, the nonfarm, obviously not that great. I think what she has to do is say, look, were saying the course here. One of the things i liked about it, if it gets bad again were right back in. And unfortunately i dont know how much it matters, david. We keep thinking it matters a great deal, but the ten year is doing its own thing. If you are a banker at one of these, if you are wells fargo, you want to see the ten