Good morning. Before we begin, i certainly want to express our support for and thoughts and prayers for all the victims of the recent hurricanes and most recently, of course, in the state of florida and our colleague in the Ranking Member on this committee, senator nel. He and senator rubio are there today as they should be. And looking out for the needs of their constituents. So again, we certainly want to express our support, prayers for them and the people of florida as they deal with a horrific storm and its aftermath. This committee has been working for some time in a bipartisan fashion to address the advancement of Autonomous Vehicles. I especially want to thank senator peters for partnering with me in this effort. I also appreciate the contributions of Ranking Member nelson, who as i said is unfortunately unable to join us today. We put a lot of work into this effort to date. I look forward to continuing to work with my colleagues to introduce and pass bipartisan legislation. Gi
Expected job report from the fed. Were going to talk a lot about that this morning. In the meantime, take a look at what happened overnight in asia. The nikkei was up a quarter of a percentage point. Markets higher in china too with the shanghai up. 60 . Hang sang putting in a similar gain. If you take a look at whats happening in the early trading in europe, things are mixed at this point. Dax is up a third of a percent. Cac is up just under. 20 . Ftse is down. 20 and check out crude oil price this is morning, up 1 settling in just under 45 for wti. Among stop stories. 65 billion transaction bayer hiking offer for monsanto to 127. 50 a share. Up from 125 offer. Monsanto acknowledging the latest offer. Calling the discussions con struckive. Have been in talk since may. Bayer believes acquiring the seed maker would position the firm to help farmers produce for a larger population. Well have a lot more on the potential deal in just a couple minutes with an analyst. Other news, volkswagen
High. And the s p 500 is about 20 points away from a record close. Gold and oil also rallied. The feds stess tests on banks shows Ally Financial was the only firm that might not be able to withstand a deep recession. The other 17 banks passed. Goldman sachs and Morgan Stanely were near the bottom. Pandora is still in tune with wall street. The Company Reported a 14million loss after the close, but sales are up 54 , and the ceo is stepping down. The stock rallied 19 last night. There is the sound of the bell, and larry shover of sfg alternatives is ready to get the day going. What is your prediction, larry, on todays jobs numbers . Right now i am expecting 7. 9 , unchanged on unemployment rate. About 163,000 adds to that number. What do you make of the Bank Stress Test . Well, the stress test basically came out as expected, nothing really beat the surface that caused any kind of angst to anybody, especially because the Market Action we saw yesterday, nobody really seemed to be very surp
Dennis i am dennis kneale. Lori i am lori rothman. Flipping ahead of the all important jobs report. Dennis Spring Cleaning at facebook. We are live at the social media giant headquarters has facebook unveils its new look. Lori president obama steps up. The hopes reuniting talks i installed budget deal. Dennis how to break out of the office grind. We have had some well researched tips on how to stay health happe job. Lori time to check in with nicole celebrating a major milestone with 25,000 hits today. Nicole up one third of 1 . All three major averages have hit, record highs for a certain extent, nasdaq and s p multiyear highs, alltime record intraday highs. They felt their lowest level in more than a month in the week, so that is some good news. Productivity and labor cost basically Shows Americans are working long hours, but extremely productive. Take a look at names of the Dow Jones Industrials actually hitting multiyear highs, names including pfizer, johnson johnson, boeing, jpmor