The poll the stimulus right out from under the market . Joining us now, editor for money news ultimate wealth report. Ceo of mclean Financial Group and resident scholar at the American Enterprise institute. Thank you all for being with us. Lets start with stan and go right to the economy. Where does this put stimulus . I mean, things are Getting Better cards a . They are. This is a reasonably good jobs report. If things continue this way the Unemployment Rate will slowly, slowly go down. Eventually approaching 7 . I do not think that this will keep the Federal Reserve from tapering away had been signaling that they will. I think maybe september, maybe december. Comingown quantitive easing. He is what bothers me. Todays jobs report showed a big improvement in parttime jobs. Why wou i hire fulltime when i have no idea whats happening with obamacare . That is a great point. Theyre is a major increase in parttime workers. Youre talking about a huge segment that is working restaurants and b
We also have a packed agenda today. 8 30 eastern time. June cpi. Economists are looking for the headline number to rise by. 4. Among other reports to watch today, Industrial Production. Thats up at 9 15 a. M. The nationality association of Home Builders survey at 10 00 a. M. Our market newsmaker of the morning, squawk master Mohamed El Erian will join us. We have a lot to talk to him about. Beyond the data, the other big economic story of the week, fed chairman ben bernanke heading to capitol hill. Hell testify before the House Financial Services committee. Thats at 10 00 eastern tomorrow. Then repeating that performance in front of the Senate Banking committee on thursday. A lot to chew on there. Politicians are expected to grill him about the feds Bond Buying Program and plans for tapering and, of course, if widespread rumors that bernanke will step down in january true, this could be his last Monetary Policy report to congress. I bet he would miss that. We should also note that tomo
We have normal shareholders. The relationship between the company and shareholders is a normal relationship. And the largest automaker reports strong profits in the quarter thanks to sales and a weaker yen. Welcome. Were into the last Worldwide Exchange of the week. On todays show, political unrest in egypt spooked many investors, but the countrys finance minister has told this channel hes confident conditions will improve. Yousef will join us with that exclusive interview at 11 45 cet. Profits surged on a weaker yen, but can abenomics keep the currency trend in track . Well talk about that in 30 minutes. Motorola and google take the wraps off their First Flagship phone, ebb terntering the crowd smartphone space. Well talk about the phones wow factor at 11 20. With the u. S. Jobs countdown on the way, payrolls will surprise to the upside, Patrick Okeefe joins us from cnbcs u. S. Hq in the next hour. First of all, earnings to look at. Intesa sanpaolo is expect to reveal numbers around l
Good morning. It is thursday, january 28th, im erica hill. Donald trump is holding fast to his decision not to participate in tonights Republican Debate. Trump instead announcing a special event to benefit veteravetera veterans at the same time as the debate. It will be held at drake university, an eight minute car ride from des moines. Trump appeared on fox last night where bill oreilly asked him if he should admonish and forgive the journalists that mistreated him. It probably is, but, you know, its called an eye for an eye, i guess you could look at it that way. No, no, no. Thats old testament. If youre the christian, the eye for the eye rule goes out. Heres what it is. Turning the other cheek. Bill, let me tell you, youre taking this much more seriously than i am. Who is . Youre taking this seriously. Ill have a wonderful time tomorrow night at 9 00 at drake university. But youre depriving the people of seeing you in a forum they need to see you. No, im not. No. The press will be t
Unfortunately. Eight killed. The suspect seen here carrying a paint ball and pel let gun, shot in custody, taken to the hospital along with 11 other badly individuals. It is the worse terror attack in new york since 9 11 and that is how authorities are treating this at this hour. The suspect is 29 years shooting god is great. At this point, Law Enforcement sources and while acknowledging the pain so many are feeling tonight, new yorks governor also made one thing perfectly clear, anyone who thinks an act of terror can terrorize new yorkers is missustain. We know that this action was intended to break our spirit. But, we also know new yorkers are strong, new yorkers are resilient and our spirit will never be moved by an act of violence or act meant to intimidate us. We have been tested before as a city very near the site of todays tragedy and new yorkers do not give in in the face of these kinds of actions. Well respond as we always do, we will be undeterred. Tonight if you can see all