Low. Our road map with stock futures in the red. Exxon and conocophillips moving some of those stocks. Sales force surging on the news it hired advisors to look at takeover offers. More of the apple watch dlis. A defective component to blame. Apple announcing another partnership with ibm. Well get to that in a minute. First up a lot for investors to digest on this final trading day of april. Consumer spending up 0. 4 last month. Claims down last week by 34,000 to 262,000. Thats a 15year low. Employment costs up 0. 7 . On the earnings front, exxonmobil did top estimates despite a 46 drop in First Quarter profit. Exxon revenue, i love these figures. Last year 106 billion. This quarter, 67 billion. You have to understand exxon had good production growth. People say no one got hurt buying the stock of exxon. This is why. Because exxon really hasnt done anything during this period. When oil was flying exxon did good not great. Oil goes down, exxon shows you the breadth of its products and w
For it all. It is thursday new york city. What would you rather do . Freeze and sit in traffic or open up a facebook account . Wow. I will get back to you on that one. It is time now for the new speed. Top stories from around the world. Consumer spending drove the u. S. Economy in the fourth quarter. The gdp rose at an annual rate of 3. 2 , matching the median forecast. The tumor spending increased by the most in over three years. 70 of the for overall economy. Google shares are rising after y sold mobility unit motorola to lenovo. It held onto most of the patents acquired when it bought the motorola unit back in 2000 well. Meanwhile, investors in hong kong sending the stock down over eight percent for lenovo. , kinder,a world gentler. They will take saturdays off at citibank. They dont have to use their Vacation Time each year. Similar policies and that productivity and keeping bankers from leaving that warm, fuzzy banker feeling. I dont know if i believe it or know what to do about i
Line for q2 and the second half of last year was the strongest since 2003 and europe is trading much better than the nikkei would have suggested. Our roadmap begins with the market. Stocks are set to open in the green this morning after the major indices fell more than 1 in trading yesterday. The good gdp number helping sentiment after the economy grew as we said by 3. 2 . Speaking of green, shares of facebook are soaring after sales and profit topped estimates thanks to a major increase in mobile ads. Profit for the year totaled 1. 5 billion compared to 53 million in 2012 and what a difference two years makes. Google is selling motorola to lenovo for just under 3 billion. Just a couple years after buying the company for about 12. 5 billion. But well begin with the markets. Futures are pointing to a higher open after yesterdays selloff on the gdp reports and claims and the economy is growing 3. 2 in the last quarter shrugging off the effects of the Government Shutdown and the debt stan