176,000 for a month ago. Just ahead of todays allimportant jobs report, the ecb will be making its decision on Interest Rates. The bank is expected to maintain its key lending rate at 0. 5 . Ecb president mario draghi will deliver comments from a different venue. Todays meeting will be held in paris around 8 30 a. M. Eastern time. Lets send it over to andrew with another big event today. We have a lot of big events today, becky. The nations top bankers are meeting today. Among the big names headed to the white are jamie dimon and Brian Moynihan. The original theme was, of course, fence mending between the administration and the financial sector. Now thats all the aif. The Government Shutdown, debt ceiling there expected to be the major topics of discussion. Also today, treasury secretary jack lew pressing congress to act immediately to raise the nations debt ceiling. Right now, the department is using extraordinary bookkeeping measures i dont know what that could possibly mean but anyw
Since 1950, there have been 17 other instances when the s p is up nearly 20 on the year. The index finished positive the following year 82 of the time. Positive the following year, the s p finished with a gain of at least 7 , 86 of the time. Given the rally, its not surprising that stocks mutual funds are set to see their first annual inflows since 2005. But not everyone is convinced or confidence in this run up. Investorers forward more than 21 billion into money market funds on fears of a potential pullback for stocks. Those came as investors pulled funds from the previous week. Now, we are watching the tenyear. Now, the bet was on the tenyear. I dont know if we want to do the bowing now or how we want to work this. You said they werent going to taper. Im out of this. I lost. Im not even trying. Listen, here is the deal. And even on that friday i forgot about the bet. But on the friday when it was supposed to end and it was the close of that day, it was less than two basis points hig
From Michelle Carusocabrera in a few minutes, but first andrew is here with the top stories. Thank you, becky. Hope everyone had a great weekend. In corporate headlines we have a big one, netflix need for speed at the center of the big deal. A new deal with our Parent Company comcast. The two sides have struck a deal under which netflix is paying comcast for faster delivery of the video streaming service. This marks the first such agreement for netflix and is sparking speculation that other content providers may also strike similar deals. Were going to talk a lot about this throughout the program with a lot of implications, also potentiality time warner. And the whatsapp suffering an outage it blamed on a malfunctioning networking router. The founder there issues an apology to 450 million users of the service. Last week facebook bought whatsapp in a deal that could be up to 19 billion. Im wondering if there were a lot of people who didnt know what whatsapp was and caused a problem. And
That and janet yet yellens first News Conference. Steve will have the cnbc fed survey results in just a moment. But as for todays data at 8 30 a. M. Eastern, well get two reports. One is the Consumer Price index for february. Thats expected to rise 0. 1 . Housing starts for february are also expected to rise by 3. 4 . A major improvement in the drop that we saw back in january. Building permits are expected to come in flat for the month and the markets are going to be looking for any weather related issues. Well have those reports coming in at 8 30 eastern time. Right now, futures are indicated slightly lower. Dow futures down by about 32 points. S p off by 4 points. On monday, the dow snapped a fiveday losing streak as concerns about ukraine subsided after sundays vote. And russias president Vladimir Putin will be speaking to Parliament Coming up this morning. Heads of reason in public groups will be in attendance. Putin is expected to address the integration of crimea. Many expect hi
Pittsburgantioch border, the road was shut down for emergency road repairs. The repairs backed up traffic with the right lane shut down for about two hours starting late morning. What that was, its a section of highway 4, an older section of highway, and its been in need of work for a long time anz the recent storms have made it worse. Reporter in San Francisco, news chopper 2 was overhead after flootding shut down an entire side of the great highway. The twomile stretch spanning from lincoln to slope shut down early this afternoon. You can see cones and cars driving through a substantial amount of water. And back here in oakland, the folks who live here tell me theyre unsure of whats going to happen to this tree but without this but at this point, theyre without their rides. About two hours ago, pg e restored power to all customers following a large outage after a crash in oakland. The crash happened around 2 00 this morning. It knocked down power lines and caused an outage affecting