Points at 13,113 and nasdaq at 2 plus point, 2988. The s p struggling, down a tiny fraction now at 1412. It could have been worse if not for the better than expected gdp. Investors still worried about the Corporate Outlook and apples disappointing results last night. The looming fiscal cliff and election and on and on. Here to help us in the closing bell exchange, stephanie link and Steve Leesman and peter sh ii shiff will join us as well. 2 3rs is not enough to sustain, putting the unemployed back to work and taking idle factories and putting them back to work. The consumer seems to be hanging in there. The negatives seem to be a big part of it was defense spending, 0. 7 of the 2 was defense spending, although that was a pay back for 3 4 of declines weve had. This needs to turn around to have a good recovery and have this economy firing on all cylinders, thats not been the case and business seems to be holding back. Stephanie, youre blaming the uncertainty over the election, right . Y
Keith colbrunn has braved the elements and battled the seas and is here to tell us about the new season of deadliest catch. All that and more coming up on street smart. Now to the big three stocks to watch in the close. Head out to julie hyman who has what we should be keeping an eye on at this hour. In the past couple hours we got the latest letter from David Einhorn of Green Light Capital and talked about some of his recent investles. One of them is sundesin. This is Solar Developer and green light said it took a large stake in the company and einhorn sited the declining price for solar is lest comesly and rising prices is one reason sunedison will be a leader. Theyre buying the stock, over 10 today. Matt mentioned the phrma deals were hearing about. One of them today is a bid for allergan coming from valiant pharmaceuticals supported by bill agoman who recently took a stake in allergan. The combined stock, 45. 7 billion. Its around 153 a share and you can see allergan has risen abov
We will talk with at ts cfo. Qwest talks broke off. We will ask the chairman about the merger. Market makersng here on bloomberg television. Qwest right now, breaking house and housing data. Qwest this is a genuine surprise. Sales coming in way lower than expected. We are talking about a terrible month of march for new home sales. This thing home sales, you will recall earlier this week, they came in better than expected. 14. 5 . Ped 1445 we have not seen seen a month this that since july 2013. You have to go back that far to see a month this that. We have not seen a decline like this i think, since then as well. Not immediately clear what the explanation for this is. We know there was bad weather and we know people were holding off purchases. If that were the case, we would for seen terrible numbers existing home sales as well. We did not. I am at a loss. Qwest people are selling. We will give you updates throughout the show. We will bring in mike mckee to dissect it. To the, we will
Again, more fundamentals. Earnings palooza comes your way with at t, young branum brands. Amgen and gilead. Well have the information first. The analysis, the market reaction, everything you need to know coming up on the closing bell today. Also, should you be allowed to accumulate stock in a company you know will be a takeover target . Some say thats what bill ackman did. The former head of the securities and Exchange Commission harley pitt weighs in exclusively about whether or not its legal. Very thorny, controversial issue. Heres the numbers and all that we have for you right now. The dow, as you see, rallied from the getgo. European markets reopened today after the easter holiday. And they were in a buying mood as well. The european markets were higher this morning. The dow up 96 points off the high. We need to get to 576 for the previous alltime high. So as you said, were about 31 points away right now. Nasdaq up 45 points. Once again, the strongest of the major averages with a g
To make a comeback. After two of the last three days have been selling on wall street with more than a 200 drop. Today, you have of arrows. There is a look at the dow which is up one third of 1 . Boeing came out with numbers, bank of america, financials making a comeback. This is the environment slightly to the upside. Back to you. Connell fed chairman bernanke will not be seeking a third round. At this point, the writing seems to be on the wall if romney wins. Our next guest says they are facing a dangerous Monetary Policy cliff. Monetary policy . If romney wins, they say he is out. If obama wins, he is still out. If bernanke is out, what happens to the markets, axel . They all want to move away from an inflation target towards an target. If we get a republican administration, what that means is we will test bernankes hypothesis that rates can be raised. What does that mean . We have so much leverage in the economy. It means that Interest Rates will go up. That means we will face majo