Points. Here are the big stories were watching today. Weyerhaeuser is buying plumb creek timber for 8. 4 billion in the total price tag. The combined company will keep the weyerhaeuser name and manage 13 million acres of timberland. You can see plumb creek timber up 17 in the premarket. The dubai air show is now open for business. The last show two years ago saw record breaking orders. Thats not the case this time. No major purchases yet announced. Some say this is raising the red flag about the longer term health of the business. And in other global news, lufthansa canceling more than 900 flights today due to a cabin crew strike. A union calling for a walkout in frankfurt, munich, dusseldorf. 900 flights canceled. We talked about it on friday, i dont remember a lot about it. I remember i had to say dusseldorf. I remember seeing that in the teleprompter and nailed it. Nailed it. So theres a five star hotel there. There might be but i wasnt there on vacation. You were you were not there
Sharply on the yield, of course, as the yield goes up, price goes down. The differential has not been larger in a very long time. Interesting state. Yeah. Glad you put that up. People talk about why rates are low versus europe. Good point. Talking europe, there it is, largely in the green. European central bank, by the way, leaving rates unchange as you see, largely a positive picture. They will not be closed for the july fourth weekend. No. They will be trading. We will be, starting with the jobs number on a thursday. The u. S. Economy added 288,000 jobs in june, ahead of estimate, and Unemployment Rate fell to 6. 1 , the lowest number since september of 2008. Remember that month . Yeah. All this pushing futures, as you saw, slightly higher, dow closer to 17,000 having that impact, as i said, on the yield, on the tenyear note. A look here, my friend had a great summary, which sometimes i use, thank you, peter. 194,000 for 2013, Household Survey up by 107,000. Talking about the up empl
At seven pm eastern. Coming up, the Senate Finance Committee Hears testimony. Tax and retirement policy analysts speak about the gap between how much americans are saving and savings needed. This runs two hours. The finance committee will come to order. When you take a look at the state of Retirement Savings in america, america, it is clear that something is out of whack. The american taxpayer delivers 140 140 billion each year to subsidize retirement accounts, but still millions of americans nearing retirement have little or nothing saved. The fact is, the, the incentives for saving and the american tax code just are not getting to those in need them most. A pair of new studies spells out the issue. The Federal Reserve found last month that an employee with middle of the tax savings has about 59,000 set aside for retirement, yet according to the Government Accountability office some 9,000 taxpayers have ira accounts worth more than 5 million. It would take several lifetimes of work fo
The two remaining witnesses on the panels are noshow. They were invited, accepted the invitations and confirmed them of their attendance and we informed them the hearing will proceed so it is unfutunate they have chosen not to chose this official hearing. We will go ahead with the witnesses who did proceed. Thank you very much for coming down from rhode island for this hearing. Thank you. It as a pleasure to be here. Thank you for the opportunity to testify today. I am an associate professor at the Brown University center for health. I earned by doctorate from ha r hararharava harvard. Shortterm ozone exposure and health effects. This is based on studies over decades and showing that ozone leads to increased deaths, hospital visits, increased symptoms and more medical use and reduced air function and reduced air levels. A 2010 study by the scientist at emory found in the atlanta area, ozone was linked to higher rates of hospital visits for asthma even at levels below the current standa
Alix here are the top stories we are watching. Consumer spending climbing in march, enough to keep the u. S. Economy from drinking. Purchases rose. 04 points are. 04 . The Labor Department reporting that wages for a private sector employees climbed 0. 7 in the First Quarter. Wages were up nearly 3 the biggest gain in more than six years. Shares of omnicare arising. The company said to be drawing interest from potential buyers. Potential bidders also include walgreens, boost alliance, and mckesson. We have less than an hour to go on the close. Scarlet fu is looking at the action. Scarlet right around the lows of the session. Trading is picking up. Selling is picking up. Im looking at volume and nasdaq stocks notably higher. 11 above the 10day average. The nasdaq is for it at is falling for four straight day. It has been downhill. Look at the 10year yield. It has now turned around pretty much. It was unchanged earlier. Prices were declining and yields were higher. Treasuries were mired i