Stephanie is going to be here a little bit later. We are going to begin this hour with breaking economic news. Two pieces of key data coming out with economic and decatur street and the university of Michigan Consumer confidence. University of Michigan Consumer confidence. It comes in and the secondhighest since 2007 easily beating estimates of 95. 9. The forecast was for monday for 94. A big jump in expectations going higher. People think the economy is getting better. Heres what is really going to concern the fed. Inflation expectations dropped significantly. The oneyear inflation picture was dead. 2. 6 were both at about 3 prior. The fed has put a lot more weight on the survey and the caterers than they are putting on market indicators like tips. If investors think they will have inflation, thats a problem. They think that is working the way into peoples psyches. The leading indicators common disappointing at two dents of a percent. 2 10 of a percent. The leading indicators is a num
Gary k, the fiscal cliff is the grinch . Unfortunately, it is, its the most important time of the year, and the profits are mad and the problem is simple. Uncertainty, uncertainty, uncertainty. Nobody knows where they are and nobody knows how much money thr theyre going to have to spend and the outcome is worse. Higher taxes and less money in the economy and less money to buy. Retail no good. But, susan, actually the National Retail federation is saying we should see increase in holiday sales like 4 . Thats right, brenda andnd im still staying optimistic, two really important numbers at that came out this week, the university of Michigan Consumer Confidence Survey shows that its at the highest level since july of 2007 and additionally, the expectations for the next six months are also at the the highest level in five years, despite the uncertainty, consumers are feeling pretty good and the word out of washington today, is a lot of trying to work together. Well, gary b, actually, i mn,
To everybody. Gary k, the fiscal cliff is the grinch . Unfortunately, it is, its the most important time of the year, and the profits are made and the problem is simple. Uncertainty, uncertainty, uncertainty. Nobody knows where they are and nobody knows how much money thr theyre going to have to spend and the outcome is worse. Higher taxes and less money in the economy and less money to buy. Retail no good. But, susan, actually the National Retail federation is saying we should see increase in holiday sales like 4 . Thats right, brenda and im still staying optimistic, two really important numbers at that came out this week, the university of Michigan Consumer Confidence Survey shows that its at the highest level since july of 2007 and additionally, the expectations for the next six months are also at the the highest level in five years, despite the uncertainty, consumers are feeling pretty good and the word out of washington today, is a lot of trying to work together. Well, gary b, act
Colleague, richard quest, who will join me live from london. Just such an incredibly sad development to that story. We also have big news developing here on this continent. The new report out surprising one on the jobs. Wow. Check out the growth of the jobs in the United States in november. Look at that number. Triple digits. We werent even sure if it dwoubl digits. 146,000 new jobs. It is more than twice what the economists were expecting. Certainly this has got to be a good surprise. 25 days before those tax hikes and spending cuts and the white house and congress trying to avoid and the speaker of house about to address perhaps this and other things. Our economy and threatening jobs and the white house has wasted another week. You know, eight days ago secretary of state geithner came here to offer a plan that had twice the tax hikes the president campaigned on. And they had more stimulus spending than it had in cuts. And indefinite, infinite, increase of the debt limit like forever.
Kremlin has been amassing military along parts of ukraines eastern border. Ahead of the meeting, john kerry stopped to speak with reporters. About. Ave a lot to talk i look forward to an opportunity issues and the possibilities that we may be able to find about how to move Forward Together to resolve some of the differences between us. We look forward, i know, to a good conversation. We will take you live to the Russian Embassy later in the hour for an update. The public face of russias seizure of the peninsula is holding a News Conference ahead of the vote. You can watch it at bloomberg. Com tv. We want to focus on the oil ties between the countries. The u. S. Is selling 5 billion barrels of oil today. It is the first time the u. S. Will be testing its release system. Barrelsel, 5 million sounds like a lot, but put it into context. It is kind of like a drop in the bucket. It is basically less than 1 of all of the oil we stockpiled. The whole enchilada is 690 Million Barrels. Huge, and