the latest on ukraine. michael mckee previews president obama s move to expand overtime pay. we begin with peter cook on capitol hill. and stanley fischer s confirmation hearing. good afternoon. did he receive a warm welcome he did.ho there is no doubt that he will be confirmed. by the full senate. senators today particularly impressed with his resume. they have been since the president first nominated him. he is a legend in the economic circle. as centralears governor for the bank of israel and pressing senators appear on capitol hill. it is his resume that grew the most intense questions today. his time at citigroup. he spent three years with the bank on wall street and he was questioned about that by elizabeth warren. of wallo big fan street. he defended his time at citigroup saying it made him a better central banker and regulator. without that experience, i not have seen the inside of the bank. i thought that experience was extremely valuable. toughestas about the
focus on is alvaro mayo. they are just now in the process of earning over there first offering for the u.s. in 10 years. it should be a lot of fun to drive. plansave very ambitious for this brand. some analysts have said that he will want out phil roe mayo to be the fiat audi, meaning it will be attainable, but a luxury brand, likes volkswagen. remember, it took volkswagen 15 or 20 years to achieve the kind of success it had been audi. very expensive to do that kind of thing, it takes a lot of funding and it will take a lot of years. he is expected to say, today, also that he wants to get jeep to be an international brand, really start selling it more in china and that he wants to continue his plans to boost the sales of maserati. those three brands are what we are expecting to hear him focus on, although he still needs to form an identity for chrysler and dodge, two brands that are left floating after the whale took over. a lot of moving parts here. fiat has nine different c
keep crying all day. we ll get through this. a week from black friday, a double dose of retail reality today with two big retail ceos. apparel companying ipo today, up better than 40%. the ceo jill granoff is here with us. they left money on the table. i tell you. and brendan hoffman will be with us, operating 260 department stores. looking forward to both of these interviews. when is it time to cry uncle? bill ackman is down $500 million on his herbalife short position. he s not down yet. we ll ask a top investor when you need to say enough is enough and admit you were wrong. in the markets, let s take a look at wherer with we stand. the dow jones industrial average up 0.25%. we have been trending higher. sitting around the highs of the day. nasdaq composite showing gains. technology doing well with the nasdaq up 20 points. at 3990. the s&p 500 looks like this. gain on the session of 7.5 on the standard & poor s. joining us on closing bell exchange, ann, michae
despite the mixed messages, despite those numbers that showed basically a flat economy in the first quarter of the year. amd, target and target s ceo steps down in the wage of a big data breach. who will take over? why does there seem to be a ceo vacuum in retail right now? we look at who could be the next generation of retail leaders? first, though, sue is in the house. i am, ty. glad to be here. investors on a pretty wild ride. the dow was down triple digits earlier in the session, but we have come back considerably, but right now we re down about 12.3 points, down 0.61, and transports are down 30 points on the trading session, just about a half a percent, and the ten-year note, the yield is 2.60%. why the reason for the comeback? it looks likes four is the new three when it comes to the u.s. economy. steve liesman has more on this bullish sentiment despite the mixed data. well, that friday jobs report continues to echo today is several economists upping their growth fo
futures picking up on this. jim cramer was tweeting if you re buying this because of what happened in japan, be careful, because he does not think the markets are correlated. watch out for it. also, news out of europe, a survey showing that german analysts and investor sentiment climbed more than expected in august. that news suggests that europe s largest economy is regaining momentum. we ll have more from our colleagues in london in a few minutes. in corporate news, yum sales in china sliding more than expected in july, down 13%. among the reasons, the heat, some analysts say the company s lack of cool drinkz and ice cream meant could nsumers looke elsewhere. the kfc parent is trying to bounce back from the dublg double impact of a food safety square and bird flu outbreak. a new director may be named as part of an effort to resolve the dispute with bill ackman. ackman s effort immediately remove interim ceo mike ullman would apparently be put on hold. we talked abou