even though it was disappointing, and the unemployment rate stayed flat, but he has some regulatory steps to announce in terms of going after money laundering and tax evasion, and remember that the trez is sure ri department has taken a series of steps on tax inversions and i don t know that the precise nature of what the president is going to announce, but that is the direction. and the president has been expre expressed what is termed a frustration that either he is not getting as much credit for what is taking place in the economy or the perception is out there that the perception is that the economy is worse off than in reality, and he expressed those concerns with our colleague andrew sorkin in a article last weekend with the new york times. and how is that factoring in? well, the administration is claiming the longest streak of private sector job growth by month on record. so that is one of the things that he is going to be talking about, but in reality, the presi
image problem for gm. a new widely watched industry survey ranks gm the worst automaker. first to sue at the new york stock exchange. and we have a rally on the street, ty, the dow hitting an all-time high. dow jones industrial average last traded up 92 points. we have been up triple digits several times during the says. transports a new all-time high, a 1.5% up for the trannies. the s&p 500 intraday high up, nasdaq is up almost 1.5%, so the transports outpacing it on a percentage gain, but not by much. a ten-year yield is down to 2.64%. bob pisani is here to gives you the trading action where the bulls are firmly in charged. it s an why are we you will today? we shouldn t be up. they hate this rally. let me give you three or four reasons. they re very curmudgeon-y today. they ve been that way for years. the biotech names, the nasdaq, internet index, a lot of shorting going on in that space when this kind of move happens, 2.5, 3%, you get short covering going on. th
where the jobs are for the graduates of the class of 2014. first, to sue, who gave a very good commencement address at merritt a week or so ago. it was. it was a wonderful day for me, ty. we have breaking news on the fed an the economy in just under an hour from now. so we re going to begin with the unintended consequences of the fed and its easy money policies. yields in the benchmarks plunging 15% this year, now holding the 2.60%. mortgage rates at the lowest level in a year, but that s not helping housing. diana olick has details on that. hi, diana. reporter: hi, sue. the sxekdation was they lower rates would boost mortgage volumes, even if it was only refinances, but that did not happen form the average contract rate on a 30-year fixed fell to 4.26% last week. that s the lowest in a year for the highest quality borrowers, the rates were nearing 4%. jumbo and fha loan rates even lower, but no reaction on the application side. refinances down 3% week to week, and appl
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