The market was mildly mixed on the first day of may. The dow pulled back 22 points, the nasdaq up by 12 points as tech momentum stocks such as facebook rallied. The s p was unchanged. Gold lost 10 dollars and oil edged down 51 cents. Linkedin posts a loss. Shares fell after the close as the social Media Company failed to turn the profit. And, gm will be in Bankruptcy Court today. The hearing will focus on old gms liability over the ignitionswitch issue. Gm is requesting a voluntary halt to lawsuits by drivers. Its a jobs friday. Joining us now is larry shover of sfg alternatives to break down this Market Action for us. Good morning larry. Good morning. We have the jobs number coming out today but there are lots of mixed signals in the market coming from treasuries, equities and even oil. What are you watching . Im watching all 3 actually. Especially when you look at the yield curve. Right now the 10 year yield 2 spot 61. The yield curve is flattening. That means the difference between
Thing, he resigned, so he could have a reasonable succession plan. This is the oldest Major Institution in the world. Secondly, it opens up the possibility that one day priests can marry, which i would be the salvation of the church. This is going to be a very interesting debate as a result of this. I was born catholic. Im not now. Youre supposed to say thank you for being here today. Occasionally we see commentary on capitalism in action. Im not a participant per se, im just a spectator, and its a fun sport. Thank you. And thank you, michelle. Join us tomorrow. Squawk on the street is next right now. Congratulations to grammy winner fun and all the grammy winners from last night. Welcome to squawk on the street. Im carl equipment a nil la with melissa lee, david faber here at the nyse. David cramer is off this week. A busy week its going to be. Europe this week, finance minister meeting from all of the eurozone talking about cypress and greece. As for asian markets, mostly closed as t
Well as you look at those. The stocks have been beaten down to a certain extent, but a stronger dollar has helped them along. There they are. Back to you. Lori thank you, nicole p at a adam General Motors making changes in the Management Team at the government finished selling its stake in the auto market. Jeff. Jeff the headline, no more crappy cars. She has not done any interviews yet, the last time she did one was a few years ago, actually. She did say famously w cant mae crappy cars anymore. It is that simple. She boiled down a complicated dress code policy to two words, dress appropriately. Tape provided by General Motors. Todays gm is vibrant. We have been through a lot, we learned a lot of lessons but we have never lost our spirit of wanting to win. Jeff she has personally been through a lot. Started as an intern. She has done a number of jobs, she handled hr for a while. Other winners in all of this, lets take a look at them. A former ceo, the new nonexecutive chairman of the b
Substantial. The nasdaq composite is up half of 1 . The swing is not even 100 points. We started off in the red and now we are in the green. We got in home prices that rose the fastest in seven years. This group is doing really well. Kb homes up 7. 7 . We saw double digit Revenue Growth for kb homes. Back to you. Lori thank you, nicole. Gaining 12. 4 from a year ago. There are some concerns about the home price gains peaking. Adam news alert for you, Eric Schneiderman seeking the help of washington, d. C. To help prevent highfrequency traders from getting information earlier than the rest. They paid thompson and reuters for that information. Speaking at the bloomberg market, the attorney general had this to say. We are seeing something far more insidious than insider trading. Small coop of powerful groups inside the market are able to use soon to be Public Information combined with highfrequency trading. Adam he says regulators face several challenges tracking and preventing these. He
Yesty a couple of big tep steps forward and today a couple of big steps back. Good evening from newtown, connecticut. Well have more on that coming up. And in washington, the nra breaks its silence. The kudlow report starts now. All right lets go to john harwitt first in dc. I think i agree with what you were saying first. He moved to plan b and the hope that further negotiations could produce progress. Our plan b would protect american taxpayers who make 1 million or less and have their current rates extended. I continue to have hope. That would reduce spending as well as revenues on the table. But of course the democrats in the senate. Didnt see plan b as a step forward. Harry reid came out and said, john boehner is walking away from the nenegotiations. Every time we get down to something from the longterm financial think for this country. They do the Charlie Brown thing, they jerk the ball away. And this is what is going on. The posturing conceals the process that we are not aware o