Triple digits, just shy of a record for itself. And were about a quarter of the way through earnings, with 74 of Companies Beating estimates, about 10 higher than the average for the quarter. So is this market about to experience earnings euphoria, guys yes, we have hi, dan hey. Hey thats an inside joke no, i think the market has been experiencing that as well. The vix traded almost below nine today. I think it got down to 903 and the good news is, i think that companies that have been doing well are being rewarded and companies that are not faring as well are being punished you see mmm down 5 today. The earnings we saw that were outstanding were, in fact, outstanding. Led in my opinion by mcdonalds. We talk about it being a 160 stock. It got within 2 cents of that today. Cart pillar continues to surprise me to the upside. Ive been a skeptic for some time but theres no denying when saying that most of these reports, three of four, have been very good karen i agree it looks to me like t
We have no plans to slow down. Our goal is to bring you access to many of the biggest news makers in attendance. Steven schwarzman will be joining us in a few minutes. We have three big stories were watching. Earnings season is in full swing. Then this afternoon, american express, ebay and Discovery Financial and december Housing Starts and Building Permits at 8 30 eastern time. Both ratings are expected to rise by a percent and a debate is stirring after the state of the union last night. The economy the big focus. The president calling for tax hikes on the wealthy to finance tax breaks for the middle class. So the verdict is clear. Middle class economic works. Expanding opportunity works. And these policies will continue to work as long as politics dont get in the way. We cant slow down businesses or put our economy at risk with government shutdowns or fiscal show downs. We cant put the security of families at risk by taking away their Health Insurance or unraveling the new rules on
Reporter many have sign odd to the latest program, following on from a pledge an initiative the president put forward just last tuesday night in the state of the union, he wants them to treat the longterm unemployed differently than they were now when they look for a job. Our studies suggest and anecdotal evidence as well suggest that those that have been out of a job a year, six months or echeloninger, face discrimination, sort of a stigma, where employers and Human Resources departments look at the fact that there is a big gap in the time line there between their last nobody and the current time. And they sort of discriminate. In a very subtle way they throw out those or screen those resumes and those folks dont get a fair chance, so what the president has pr proposed here,e has ceos lined up, many will be here, walmart is here, visa is here, bank of america is here as well, they are going to revamp their hiring practices to try to eliminate that de facto, very subtle discrimination
Well. Road map begins with retailers suffering the same fate as target. Neimanmarcus is among those whose Customer Data also breached. Hear what targets ceo told becky quick, next. Ford unveiling a big change to f150 pickup truck, using aluminum in the body. Alan mulally will join us in a moment. Suntory planning to buy u. S. Based beam for 14 billion after accounting for assumed debt. Target is not alone when it comes to data breaches. Neiman marcus says mack hacker may have stolen information. In an exclusive interview, target ceo telling becky quick, the retailers accountable for the data breach that affects 10 million customers. The full extent is not known but malware installed on the point of stale registers. Target working with Law Enforcement to determine who did it and when it was done. Also steinhafel says target has work to do regaining customers trust. Challenging times for target, i can tell you that. Its a real. In the gut. Throughout the crisis, weve had a singular focus
First time since november but settled just above that. Road map begins with the dow looking to work back its worst week in over two years. Caterpillar results beating estimates. The Company Announcing a new 10 billion stock repurchase program. Cisco slapped with a dow downgrade by jpmorgan. Apple slated release results after the bell today. Well preview how the allimportant holiday sales season has impacted its quarter. First up, stocks are looking to bounce back from a rough week which ended with the dow 318point selloff on friday. The s p coming off the worst weekly percentage loss since june of 2012. This, on worries about emerging markets and concerns that may further scale back stimulus at the fed meeting beginning tomorrow. Turkey has an emergency meeting planned tomorrow. Turkish lira, one were watching. You said on friday, jim, when panic is in vehicogue, everybod wants to join in. Theres typically a big downturn in gdp, im not saying that religious versus nonreligious should b