Look to portugal, tenyear rocketed to 4 , was 358 friday as the european indexes there are firmly in the red. Road map begins with the sell off on the globe; jobless claims fall from a week ago, and european worries drag down equities in the u. S. Family dollar profits fall for the third time as Carl Quintanilla icahn continues to push for the sale of the company. Costco, sales flat in premarket despite same store sale numbers strong. Allergan fights back after the bid to take it over. Well hear from the ceo. Third time the charm for bank of america . Reportedly submitting another capital plan to the fed to raise its dividend. First up, though, look at the premarket once again. A number of things working against the bulls today. China exports did miss for june, 7. 2 , looked for above 10. Fed minutes yesterday show us that the tapers probably going to end in object. Portugal worries about banks. Gaza Ground Invasion looms still, and industrial output from france and italy, worst misses
Stockpiling, as well. The tenyear did pick up the 287 off just a touch now. The ecb hold rates steady. Our road map this morning, the market, strong gdp claims data putting pressures ahead and sparking more concerns about potential fed tapering. Apple is in the news for reports ooh a deal to china mobile and carl icahn is revising his call for a Share Buyback. Well look at the winners and losers in retail. Wow. First up, though, the tenyear notarizing on better than expected economic data, revised Third Quarter gdp up 3. 6 while weekly jobless claims fell below 300k. This all happened on the 17th anniversary of Alan Greenspans irrational exuberance speech in 1996. How do we know when irrational exuberance has unduly escalated asset values which then become subject to unexpected and prolonged contractions as they have in japan over the past decade. That leads us to a good question, jim. Last night, you all you did was talk about the data getting stronger which takes away the bubble argu
Period. For americans without a job. We all know snap benefits will automatically get recuduz. Costing needy families as much as 300 per year, according to the cbo. Snap is the first line of defense for the most numb verble among us. And helpsen sure millions of americans have access to food. fact that the house even plo poedsd and padded the bill is beyond ne. We do not u tourn our barks on frarnlers seeking help with crop ever insurance. According to the environmental working group, taxpayers subsidize 62 . Some subsidies can be as much as 100 of the cost of the most basic coverage lefrl. Crop ininsurance is the own support program not subject to some sort of means testing. Le reduces the level with an adjusted gross income of over 7250 shl 750,000. The inclusion of Central State University as an 1890 labd Grant Institution and the ability of schools to serve more fresh foots and vegetables. Resolving this issue and others will not be an easy task. The gentle lady recognized from sou
Our intelligence when it came to combating terrorism. What i can say with confidence is that when it comes to our domestic operations, the concerns that people have back home in the United States of america, that we do not surveil the American People or people within the United States, that there are a lot of checks and balances in place designed to avoid a surveillance state. There have been times where the procedures, because these are human endeavors, have not worked the way they should, and we had to tighten them up. And i think there are legitimate questions that have been raised about the fact that as Technology Advances and capabilities grow, it may be that the laws that are currently in place are not sufficient to guard against the dangers of us being able to track so much. When it comes to intelligence gathering internationally, our focus is on counter terrorism, weapons of mass destruction, cyber security, Core National security interests of the United States. But what is tru