quarter gdp. also up today, a lineup of heavy hitters on the closing bell. we have exclusive interviews with paul jacobs rob sands. have you seen what constellation stock is doing today? jumping. and we have commerce secretary penny prits zer and john legere. we will get get the real story. he was escorted out of an at&t story. he says he was there to see the musical act. he loves macklemore. sure he does. microsoft taking a hit today. allen mullally is taking himself out of the running to fill the ceo role at microsoft. microsoft announcing it will now be february at the earliest when they announce who is going to be the new ceo. who are the likely candidates and who is wall street rooting for? we have an in depth look at that very important story coming up in a little while. we re keeping a close eye on market this is hour as we head towards as we re into the final hour of trading with the dow down 82 points. that s half of 1%. we have the nasdaq actually the
unveiling its 50th anniversary of the mustang. that is happening today, all over the world. this is the first time that they will sell outside of north america since 1964. over one million people on a mustang in the first two years. ,ew features lower roof wider wheelbase, and a more efficient engine. that is a first since 1986. what people really want to know ly becomellen mulal the next ceo of microsoft? we get a chance to hear from the horses mouth. you told the board of ford that you will stay at the company. are they asking you again to renew your commitment? i have no changes planned. let s try again. fall, cant it next you tell me that you will still be in the coc? i love serving. you always say you will stay until the end of 2014. i love ford and there is no change in the plan. that is the company line. good for ford, bad for microsoft. people really like alan mul ally. he has done an amazing job. one i brought him in, there was tremendous skepticism.
monetizing mobile, and contrary to popular belief, teens are still using it. and general motors is beating expectations and showing signs of improvement in europe. plus one of the cars gets a rare award from consumer reports. and michael dell is writing a letter saying that he at peace because of what shareholders make. and sac capital could come the kaye and we could come today, and we could have more on that. and at least eight wall street firms raising the stock on facebook and the stock is growing after the second quarter results were out last night. they make up 41% of facebook s edadvertising revenue s and mar zuckerberg on the conference call last night. when it comes to mobile, i am pleased with the results. we have more actives on mobile than desktops and more than half a billion people use facebook on their mobile than desktop. and jim, everybody is buzzing that it is within 14% of the ipo price of $38. well, it is a big position for the charitable t
june and july figures were revised lower. unemployment rate fell a notch to 7.3% because more americans gave up the search for rork. jim, we re looking for silver lunings here. not too many when you look at three-month, six-month average now that is nothing to get excited about. right. and everyone keeps telling me back and forth, well, wait until you see the revisions. i ve done a lot of work on this number. i ve looked at it for the last five years. this is it. this number does not look through. people will trade off this number. dl is nothing spectacular about it. it does come in right before a fed meeting. if the taper is going to be light. we are going to see mortgage rates down. it will be down next week. we haven t seen that in a long time. the question this morning is whether or not it would go to five. whether the 30-year mortgage would go to 5%. that doesn t appear to be in imminent danger now. going back to 4 1/2%. this is remarkable because that is a very im
It will be 9.32 in washington state, 7.80 to 7.90 in arizona and montana. california will see one of the biggest jumps at 8 to $9 an hour. they continue to spar over a call by democrats and workers to raise the national minimum wage to more than $10 an hour. car news unusually quiet about the plan for an f150 but expect it to be very dramatic. it will be partially built out of military grade aluminum making it lighter with better fuel efficiency by perhaps 5 miles a gallon. it may be one of the biggest and last moves by allen mullally who is due to leave in the 2014 and is a top contender to lead microsoft. analysts forecast a variety of everyday items will be cheaper with a cti customer price index