Australia Consumer Finance value demonstrate our platforms may be worth more outside the company. Cory g. E. s shares responded rising the most in five years. Blackstone group also agreed to buy a Shopping Center owner excel trust, roughly 2 billion. The twin deals today cement blackstones position as a worlds biggest private Equity Investor in real estate. Blackstone oversaw 81 billion in real estate assets. Hillary clinton will make an official announcement for candidacy for president of the United States with an online video. The democrat will then head to iowa and new hampshire. Clinton forgoing the typical big announcement in favor of meeting with voters in small groups according to a person close to her campaign. The u. S. Senate is working on a bill that would give congress the authority to review the Iranian Nuclear deal. Such a bill would allow congress to block the Obama Administration from lifting sanctions on iran. Here is former u. S. Ambassador to israel on whether any ir
Cookbook. Stephanie what a way to start off with a great show and eriks haircut. Erik the top business stories of the day. General electric getting back to its roots. Sawing off the bulk of its finance unit to refocus on the industrial businesses. Ge will sell almost 27 billion dollars of real estate assets and most of it is going to blackstone. Some going to wells fargo. Ge announced the Share Buyback of about 50 billion which would tie apple for the largest of all time. The ceo spoke on a Conference Call earlier. This is an excellent time to sell financial assets. We think the performance in the Australian Consumer value demonstrated our platforms may be worth more outside the company. Erik ge shares up a. 7 five quarters a. 7 a. 75 . If you have not bought the computer for a while, you are not alone. According to Market Research more consumers are turning to smartphones and tablets when they went to go online. Corporate spending helped slow declines and the cycles will be over. Hill
People may be cheering about. Lets look at futures. You can see it is a positive response to this after initially the market was selling off just a bit. No taper of the taper perhaps. Lets take a look at the tenyear talking about taper and qe. You can see not much change there either. And over in europe a reaction, not a reaction, how is the day working out . Well, pretty well after what has been generally a positive week for the various markets in europe. All right. Lets get to that jobs number itself, of course, and talk about it, jim. You know, Market Reaction now seems to be positive. Dont know what thats playing off of. Maybe the tiny tick up in the Participation Rate after being down more or less for decades it would seem. I dont know. When you listen to the coverage that we were hearing before on squawk, mr. Dortmund spoke and cvs and said the traffics not there because of the weather and the weather was the worst nationwide since 1977. Now, typically youve notes a ter ri asteri
Expectations overall. The big question of linkedin is can it make an inroad to china . It is one of the u. S. Players that is not blocked. Keeping a close eye on that and all things tech. Hans, another conviction of a former s. A. C. Flow. Matthew martoma has been found guilty. It may make it less likely that rosecutors will go after steve cohen. It is looking like this may be the last conviction against s. A. C. Ryan, youre watching sochi on the games. Almost a proxy for putins hold on russia. The games get underway in 8 1 2 hours. That is when the opening eremony kicks off. It could benefit from the games on increased traffic. You have what manus was talking about. The time to get into the emerging markets. Jim oneill saying this is a buying opportunity. Mark mobius saying not just yet. We have plenty to talk about on the program. We have u. S. Jobs. A little bit of tech. Conviction in the u. S. Were watching sochi. What else are we watching . Goldman sachs caught my eye. They said g
Thats down and a check of the markets at 153point rally. S p up 17. Nasdaq up 54 this hour. The small cap russell 2000 leads higher off the mid mfmonth lows and perhaps more than anything is the october surprise. Joining us now, rob morgan, michael cagino, christine short is here, peter costa and our very own Rick Santelli heading into the weekend. Peter, this is a really strong rally now. Were up over 10 on the s p in just about 12 sessions. How do you feel about it . Well, you know, ive been on the bearish side. I think that what youre seeing right now is people are rotating back into stocks and equities. I think the earnings are coming in a lot better than expected. And i think that, you know, they want to put money to work and still two months left and they feel more risk on and take it off other places. Rob i was going to say, peter, we know the costa family fortune. Im not speaking to anyone in my family right now. I would imagine. Do you feel like we have the flush out at the lo