Television, happy friday. I am alix steel in for stephanie ruhle. He get that jobs number and the markets are we get that jobs number and the markets are inching their way higher. Of time for the news feed, the top stories from around the world. We havent seen a job market like this since 1997, employers adding 2007000 jobs for the six straight month in july adding 2007000 jobs for the sixth straight month in july 207, 000 jobs for the sixth straight month in july. Ford Beat Estimates while nissan, gm, and chrysler came up short. And a big takeover in the slot machine business. It represents a 38 percent premium over the Closing Price yesterday. Investors are breathing a sigh of relief. For more thand 300 points for its first day for its worst day since february. We are asking where do we go from here. We turn to rick reader. Ofsees over 700 billion fixed income at blackrock, the Worlds Largest asset management. We did this last month, we hope we can do it every day going forward. Your
Morning. Our road map begins with a new Gopcontrolled Senate for the first time in eight years. Implications for the rest of the president s term and the markets. Media earnings also out. Time warner lifts its outlook. We have a beat from Rupert Murdochs 21st century fox. Both stocks rising after a drubbing yesterday. And better than expected adp numbers. Well get that ahead of the big jobs number coming up on friday. But last nights midterm elections resulting in a power shift on capitol hill. Republicans retaking the senate for the first time in eight years, capturing at least seven seats and defeating democratic incumbents in states including north carolina, colorado, arkansas. The gop also strengthening its grip on the house, winning governorships in blue states like maryland and illinois. It is a stinging defeat for the president and his party, who by the way, is scheduled to hold a News Conference this afternoon and is planning to meet with congressional leaders in both parties o
Electric car that can go more than 200 miles on a single charge. It will cost less than 40,000 dollars. Greece in germany are headed for a showdown in brussels. Finance ministers meet today over greeces request to extend the bailout agreement for six months. A new headlined says a deal tonight looks unlikely. Greece needs the extension to avoid defaulting on its debt. Germany has rebuffed the greek request. The german finance minister says greece needs to make a firmer commitment to austerity. Heres a greeces debbie Prime Minister responded. Deputy Prime Minister responded. At this moment, it appears there are powers that would like greece on its knees so they can impose their will. I believe we can think of what helps our country and what helps these powers. Betty germany is the biggest contributor to the 273 billion bailout to greece. The Parent Company ann taylor, looking to sell. Working with jpmorgan and reached out to potential buyers. It also owns the loft. The best antitrust re
Vehicles were related to hundreds of air bag related deaths. Peter barnes joins us with the latest developments. A watchdog group, that data shows 303 people died after air bags failed to deploy and accidents involving these two models, the cult and the i on over ten year period gm has recalled the one. 6 million of those cars and five other models ticos when the ignition switch is jostled orr the key ring carries extra weight the ignition could switch off and when that happens airbags do not work. Gee en is flashing a yellow warning light about the centers report and dennis statement it says, quote, without rigorous analysis it is pure speculation to attempt to draw any meaningful conclusions pleasing contrast research is underway at gm and the investigation of the ignition switch, the impact of the switch is on going. New documents gm submitted to the national Highway Traffic Safety Administration showed gm could have been aware of these problems as far back as 2001. Ntsa has launche
Shares are tanking in after hours. Winning me in the studio is cory johnson and our Bloomberg News reporter who covers amazon. And a bgc partners technical analyst. Colin, shares are down almost 10 . What is your take . When the shipping is free, the profits dont come easy. This is a tough quarter for amazon and you are seeing a new pattern developing in 2014. When they print the quarter, the stock has been trading often used to snap right back. It has been slowly grinding off and we have losses, close to 20 billion in revenue and you cant make money . For the september quarter, weve got a bigger loss in the june quarter, so investors are getting increasingly concerned that even though we have revenue growth, these expenses are not going to tamp down and we are not going to see the leverage we once expected. Ask yet, theyve given amazon a free pass quarter after quarter. Is it the end or have they lost their patients . It has changed to a new trading pattern and we will see if the loss