You nothing is impossible. May they labor with such integrity that generations to come will celebrate their faithfulness. We pray in your mighty name, amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The presiding officer under the previous order, the leadership time is reserved. Morning business is closed. Under the previous order, the senate will resume consideration of the house message to accompany h. R. 2266, which the clerk will report. The clerk house message to accompany h. R. 2266, an act to amend title 28 of the United States code and so forth and for other purposes. The presiding officer under the previous order the time until 5 30 p. M. Will be equally divided between the two leaders or their kegs. Or their designees. The senator from vermont. Mr. Leahy m
Following one of the worst months for investors in about a year. Stocks staged a steep sell off with the dow dropping 150 points, the nasdaq 19 and the s p 11. Gold rallied 2 dollars and oil slid 74cents. The keystone xl pipeline would have little impact on the enviornment according to analysis by the state department. Environmental lists are disapointed. More studies are still to come. And the head of Consumer Protection bureau Richard Cordray will make an appearance on jeopardy wednesday. Lets find out if Tim Mulholland of chinaamerica capital thinks a selling spree will continue. Good monday morning to you. People are talking about corrections in the market, maybe up to 15 . What do you think . We havent had a 10 correction in over 2 years. In fact, january was our first down month that we had since august. I think given that were not even 3 1 2 down i dont know if id go that far yet i think most people view this as healthy right now and thats because theyre looking at earnings and
Market. Its expected 200,000 people were added to payrolls and the Unemployment Rate will remain unchanged at 7 . The market was eerily quiet yesterday ahead of the jobs numbers. With the dow , nasdaq , s p gold and oil not straying far for the flat line. Alcoa had an earnings miss signaling what could become a rough start to earnings season. And are fortunes turning around for abercrombie and fitch . Hares jumped 15 last night in heavy volume after the retailer raised its outlook. Based on strong sales at the end of the year. Charles moon from trading advantages good to go this morning to talk with us about the jobs number expected today. 200 thousand jobs expected to be added to payrolls. So charles, what do you think here . I expect, you know, you look at the adp as a precursor to the nonfarm and the adp beat was pretty decent so i expect the same. I expect a beat on nonfarm. As far as in relation to the market well see how that really translates. We press lower off the adp news and
In the stock market to go with it. The major averages bounced back from sharp sell off last week and all the end of the s p sectors were as well. The dow jumped 146 points. The nasdaq added almost 23, ending above the key 4,000 level. And the s p rose about 15 points. So what triggered all this optimism . Investors were encouraged by new retail Sales Numbers that were stronger than expect ad sign maybe that the economy is emerging from a slow winter. The gains were led by autos and furniture as well as sales at general Merchandise Stores like target and walmart. Solid earnings from citigroup boosted investor confidence. Profits for the First Quarter came in higher than analysts estimates and citi stock surged 4 on the news. Kayla tausche joins us more with more on that surprising report from citi. Kay larks last week we were talking to you about this one and everyone was bracing for a lousy report. What happened . Not much to write home about. Two points where science citi s. Credit is
Street today and lots of green in the stock market to go with it. The major averages bounced back from sharp sell off last week and all the end of the s p sectors were as well. The dow jumped 146 points. The nasdaq added almost 23, ending above the key 4,000 level. And the s p rose about 15 points. So what triggered all this optimism . Investors were encouraged by new retail Sales Numbers that were stronger than expect ad sign maybe that the economy is emerging from a slow winter. The gains were led by autos and furniture as well as sales at general Merchandise Stores like target and walmart. Solid earnings from citigroup boosted investor confidence. Profits for the First Quarter came in higher than analysts estimates and citi stock surged 4 on the news. Kayla tausche joins us more with more on that surprising report from citi. Kay larks last week we were talking to you about this one and everyone was bracing for a lousy report. What happened . Not much to write home about. Two points