Expected to hold steady at 7. 7 . You have a few economists who revised their predictions, moving them higher after yesterdays strong adp report. Forecasters at Goldman Sachs are now expecting a gain of 200,000 jobs. Credit suisse is calling for 185,000 nonfarm payrolls and the u. S. Equity futures are barely budging at this point. Theyre going to wait and see what happens at 8 po been right now, s p futures are unfractionally. This is coming after modest declines yesterday following two strong days of gains. And, of course, the other big economic story were talking about this morning is the fed. The markets were surprised by the minutes from the fomc meetings. The notes showing several policymakers would like to stop the feds Bond Buying Program before the end of the year, citing concerns about Financial Stability and the size of the Balance Sheet. The news prompting some to speculate about an early end to the Central Banks fouryear Stimulus Program and the threat of higher Interest R
Go irish. Good monday morning. The band is back together. Awfully nice to have david back. Im back. We have jim cramer, and david fabe, as they say in france. The single best week for stocks in over a year last week. Europe has lost a little ground this morning despite Investor Confidence numbers coming in at an 18month high. The s p starts the week at fiveyear highs. Even as the lines are drawn in the battle over spending cuts and the debt ceiling. And then there is earning season. Kicks off tomorrow with alcoa. Banks in the spotlight this morning, bank of america settling with fannie mae with mortgages it underwrote during the housing boom. Citi submitting to the feds. Revising up, gdp forecast to 81, saying investing in the mass market stocks is the way to go. Potential cuts at the Magic Kingdom reports disneys got internal costcutting review under way. The question of the day, can the new year rally continue. Last week the s p jumped 4. 6 to a new fiveyear high. Not only is wall st
Cnbc. Im jim cramer. Welcome to my world. You need to get in the game. Firms are going to go out of business, and hes nuts. Theyre nuts. They know nothing. I always like to say theres a bull market somewhere. Mad money, you cant afford to miss it. Hey, im cramer. Welcome to mad money. Welcome to cramerica. Other people want to make friends. Im just trying to save you money. My job isnt just to entertain but to teach you. Call me at 1800743cnbc. Todays action frankly was even more bullish than the averages. Nasdaq up. 04 . Why . Because it seemed that everything was levitating at t the same time. Even transport going up at the same time as oil service stocks. They should get smashed. Thats not what happened. The bank stocks were up. We got a happy session where everything rallied. Buyers think that everythings getting better. Courtesy of a powerful worldwide recovery. Consider it a microcosm for the glorious year already thats 2013. Already one thats taken the s p 500 to fabulous five y
And thats it for me. Im Brooke Baldwin here at the cnn headquarters in atlanta. Lets go to wolf blitzer in washington. Wolf. Brooke, thanks very much. Happening now, president obama nominates chuck hagel to run the pentagon. Calling him a leader our troops deserve. Hagels critics call him profoundly wrong on National Security. Also, we have new details about a horrifying night in colorado. A Police Officer cries as he describes a theater floor slippery with blood. Plus, a first look at proposed regulations that have wouldbe gun owners racing right now to buy guns. Im wolf blitzer. Youre in the situation room. Captions by vitac www. Vitac. Com we begin with president obama setting the stage for a new fight here in washington. This time, other the National Security team for his second term. The president s nominating the former senator chuck hagel, a republican, for defense secretary, and his counterterrorism adviser john brennan to direct the cia. At least one critic calls the hagel nom
Just got again knocked off that horse, get back on again imus, imus, imus in the morning less money in your wallet . A record amount spent on food stamps and spending, three big numbers that tell the stewart. Good morning, stuart is going to be back tomorrow, today here is the big story. 200 billion dollars, how much spending power the fiscal cliff bill takes out of our pockets accord to go Goldman Sachs. The combination of payroll tax cuts exspiring and higher rates on the wealthy hitting the economy hard. The second number, 80. 4 billion, now, thats a record amount of your money the feds spent on food stamps in the last fiscal year and the final number, thats zero. Thats how much in spending cuts president obama and democrats are willing to give in the next round of debt talks. But wait, theres more. Cash for clunkers, the grand plan to get the Auto Industry on track. Its not only bad for the economy, but hurt the environment as well. Varney company is about to begin. Karen anjeremia