Dive ahead of the closing bell. Some say it was end of quarter rebalancing and others say it was uncertainty surrounding the Iranian Nuclear talks that kept investors on edge. At the close, the Dow Jones Industrial average dropped 200 points to 17,776. The nasdaq finished 34 points lower to 4900 and the s p 500 fell 18 for the quarter, sue, blue chip posted First Quarterly decline in a year that would be the dow. Nasdaq and s p 500 rose for the ninth consecutive time. As for the best and worst performing stocks in the s p 500, hospira topped with a quarterly gain of 43 . The big loser on the s p 500, san disk. Off 35 . One of the biggest stories of the quarter, of course, the doll it had its strongest three months since way back in 2008 while the euro posted its worst quarter on record. Now to those iran nuclear talks. A big geopolitical undercurrent for the markets. The state said the talks between iran and six world powers go past todays selfimposed deadline and extend to tomorrow. J
Mr. Dewar. [speaking french] the guest of honor has arrived, french president Francois Hollande greeted by the president and the first lady. This is the seventh state dinner were official visit for the Obama Administration. We will take you to the south lawn pavilion, a tent that is turned into a springlike display. First, we will take a look inside a state dinner as part of our coverage here on cspan2. We will tell you what it is like to be invited to these expose of affairs and will get the role of first ladies over the years. We will have a conversation with Julianna Smoot who serve in the Obama Administration. We want to begin with the perspective of james fallows. As a national correspondent, you have attended three state dinners. What are they like . They are interesting and fun. Ach dinner, there was sprinkling of journalists, usually people who of some connection to the country are being invited. Ive been to the ones for korea. For china recently and then for canada, because i
Gm said it expects to take a charge up to 750 million in the First Quarter, mostly related to the costs of recall repairs. Shares of gm, theyve come off their highs of about 42 million a share, now trading at about 34 a share. We will see what happens to that stock today at she begins to speak at gm. In just a few minutes, weve got represent michael burgess. Hes going to give us a preview of todays hearing. I still dont know if this is theater or what you can get from Something Like this. Its hearing her, the first thing i thought of was its good for her to be able to say that, but talking about an entity, were not talking about an individual. But it does help when the individual is sort of new and wasnt here for that. You can sort of say from now on, gm will be like this. And this is the past. Im here now. No longer going to be like this. So that is an advantage. And i thought, how many more heads up for this . You figure not hers, but well see. 750 million, i thought, wow, for gm, th
Get cash too. Its a big deal for the Energy Business and we have a very big morning on tap, carl. It will be just as the sun comes up. Yeah, guys were coming to you from a Conference Room called aviary at twitter headquarters. Dick costolo is with me. In a moment well talk about the quarter, talk about everything that happened in the course of that quarter and, of course, stock poised to open lower today as people are focusing on on that user growth. Well get to it with dick in just a minute. Yes. In fact, an important interview. Twitter reporting better than expected firstquarter results. Revenue more than doubled but as carl referenced stock down sharply after user growth short of wall street forecasts. Jim, were going to hear from the man himself and entertain many of the key questions investors have this morning. In speaking to a couple shareholders or former shareholders user Growth Continues to be at the center of concern. Weve been mentioning since the company went public which
Last quarter. And the fed wraps up a twoday meeting. Theyre widely expected to taper its monthly asset pure chases by 25 billion. Investors will look for hint on any timing of future rate hikes. A lot to digest this morning. Michelle, over to you. Lots of stock moves this morning, too, becky. Twitter shares soaring huge move after hours. Earnings and revenues beat the street and the microbloging site halted a slowdown in the user growth in the quarter. Among the catalysts, the summers world cup. And were going to talk to the analyst who covers this company in just a few minutes. But take a look at that interday chart from yesterday where you can see the after hours moving. 30 . Holy smokes. American express posting a 9 increase in profits. The companys cfo says card members spending as the economy recovered. And Dreamworks Animation posting a bigger than expected loss, revenues falling short. The Company Announced the s. E. C. Is investigating the wipe down of film inventory on turbo,