Talked about a huge hailed for microsoft. It is dismayingly humor us. Lockheed as liftoff. We have the details on the new air shipments. And well show you what they look like. Its very, very cool stuff. After the bell, a rare and exclusive interview s. Erin callan, this is her first time speaking out about lehman since the financial crisis. Shes out with a memoir about what she calling leaning in too far, and shell join us live to discuss the new book and life after lehman. I would be interested to hear her thoughts on wall street today, and the impact that regulations are having on it right now. Maybe the tech world, too, where a lot of this discussion is taking place. Lets start with the markets and spikes in insurance and financial stocks. Bob pisani tracking the action here. Bob . Hello, william. Dont normal get insurance stocks leading the market, but were getting it today, and metlife up nearly 5 . A u. S. District court in washington ruled that metlife was not eligible for a sys
Economy. Flexibility to accept individual gigs and the freedom to work on your own schedule. Thats the promise of the ondemand apps like uber and postmates. Others warn the sharing economy leaves workers without a safety net, benefits or employee protections. Thats our cover story. If you have ever hailed an uber or lyft, rented out a room on airbnb or ordered a craft on etsy you participated in the gig economy. People getting paid for goods and Services Sold on a digital marketplace. More than 90 Million People in the United States have bought something in this new sharing economy, and more than half that number, 45 million americans, have worked the gig economy. For most people its a way to earn extra cash. Up to 15 million americans say it is a major source of their income. We see the top 10 of our work force doing this full time. Theyre picking up two to three jobs a day. They are making upwards of 7,000, 8,000 a month. Reporter more than 70 of gig economy works say they love worki
Your own schedule. Thats the promise of the ondemand apps. Others warn the sharing economy leaves workers without a safety net, benefits or employee protection. Thats our cover story. If you have ever hailed an uber lift, rented a room on airbnb or ordered a craft on etsy you participated in the gig economy. 90 Million People in the United States something this sharing economy and half of that number, 45 million americans have worked in the gig economy. For most people its a way to earn extra cash. Up to 15 million americans say it is a major source of their income. 10 of our work force doing it full time. They are picking up two to three jobs a day. They are making upwards of 7,000, 8,000 a month. Reporter more than 70 of gig economy works say they love to work in the industry but with the freedom and flexibility of ondemand work comes the growing concern about worker protection. Most classify them as independent contractors meaning companies dont offer benefits like sick pay or payro
Yellen said that the central bank is in no rush to raise interest rates. And that powered a stock market rally around the globe continuing today. And resulted in the dow industrials gaining 83 points to 17716. The nasdaq added 22 and the s p 500 rose nearly 9. The president of the chicago fed agrees with the fed chair. In an interview today, Charles Evans said a rate hike in april would be surprising. I think chair yellen laid out all the right issues, you know, coming out of december going into the march fomc, risk factors increased a bit, financial volatility, things settled down a bit. I think global risk is higher. The median is for two hikes this year. If the data come in the way were expecting. If they come in stronger, everybody would adjust upwards. Evans added the potentially moving in june that decision would be made on the basis of further improvement in the labor market but emphasized he didnt want to get ahead of himself. And there was more evidence today the job market is
Yellen said that the central bank is in no rush to raise interest rates. And that powered a stock market rally around the globe continuing today. And resulted in the dow industrials gaining 83 points to 17716. The nasdaq added 22 and the s p 500 rose nearly 9. The president of the chicago fed agrees with the fed chair. In an interview today, Charles Evans said a rate hike in april would be surprising. I think chair yellen laid out all the right issues, you know, coming out of december going into the march fomc, risk factors increased a bit, financial volatility, things settled down a bit. I think global risk is higher. The median is for two hikes this year. If the data come in the way were expecting. If they come in stronger, everybody would adjust upwards. Evans added the potentially moving in june that decision would be made on the basis of further improvement in the labor market but emphasized he didnt want to get ahead of himself. And there was more evidence today the job market is