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Jan 24, 2013
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we will flip a coin with cnbc's andrew ross sorkin when he joins us live from davos, switzerland. next on "now." [ male announcer ] there's a story behind the silver of philadelphia cream cheese. it always begins with fresh, local milk, blended with real wholesome cream. going fresh from the farm, to our fridge, in just six days. because we believe in fresh taste. that's the way we set the standard for intensely rich, luscious flavor. so our story of fresh taste always ends... deliciously. when it comes to taste, philadelphia sets the standard. >>> the white house announced today that the president will renominate richard kcordrake and tap mary joe white to lead the s.e.c. as the president tries to bring stability and reform to american financial dealings, republicans seem intent on keeping the country's economy as unstable as possible. the house averted the debt ceiling fight. at least some republicans. 33 members of the house gop still broke rank. by averting, we, of course, mean punting the ticking time bomb three months down the road. >> another 90 days away so we can continue
we will flip a coin with cnbc's andrew ross sorkin when he joins us live from davos, switzerland. next on "now." [ male announcer ] there's a story behind the silver of philadelphia cream cheese. it always begins with fresh, local milk, blended with real wholesome cream. going fresh from the farm, to our fridge, in just six days. because we believe in fresh taste. that's the way we set the standard for intensely rich, luscious flavor. so our story of fresh taste always ends......
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Jan 24, 2013
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we will flip a coin with cnbc's andrew ross sorkin when he joins us live from davos, switzerland. next on "now." [ male announcer ] there's a story behind the silver of philadelphia cream cheese. it always begins with fresh, local milk, blended with real wholesome cream. going fresh from the farm, to our fridge, in just six days. because we believe in fresh taste. that's the way we set the standard for intensely rich, luscious flavor. so our story of fresh taste always ends... deliciously. when it comes to taste, philadelphia sets the standard. tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and fin
we will flip a coin with cnbc's andrew ross sorkin when he joins us live from davos, switzerland. next on "now." [ male announcer ] there's a story behind the silver of philadelphia cream cheese. it always begins with fresh, local milk, blended with real wholesome cream. going fresh from the farm, to our fridge, in just six days. because we believe in fresh taste. that's the way we set the standard for intensely rich, luscious flavor. so our story of fresh taste always ends......
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Jan 1, 2013
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. >> andrew ross sorkin wants in. >>> think the bigger issue this framed up and why it's so importanthis past year but going into this next year, it reframed the inequality story in this country. we talk about makers and takers. to me, the 47% in many ways reflected what the occupy wall street folks talked about when they talked about we are the 99%. ho hopeful hopefully, i hope that issue of romney's commencemet as short a was, reignited in this country the kind of jobs we want and raised issues about unions. it's much more than a political sentence and taken on all sorts of other meanings that has changed the debate and already changed the debate as we go into the new year. >> what's interesting the president won, know doubt about it, he won handily. you look at the one big event a lot of us thought might be the defining moment, it was the first debate in denver where the president of the united states decided to not show up. >> it was profound ly important at the time and showed a lack of enga engagement and particular and personal to barack obama. if you look at the polling data.
. >> andrew ross sorkin wants in. >>> think the bigger issue this framed up and why it's so importanthis past year but going into this next year, it reframed the inequality story in this country. we talk about makers and takers. to me, the 47% in many ways reflected what the occupy wall street folks talked about when they talked about we are the 99%. ho hopeful hopefully, i hope that issue of romney's commencemet as short a was, reignited in this country the kind of jobs we want...
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Jan 10, 2013
01/13
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i'm joe kernen along with becky quick and andrew ross sorkin.re's quite a piece of deutsche bank reportedly made about $650 million in profit back in 2008 from trades that were pegged to libor, which was manipulated. regulators have been investigating allegations that more than a dozen banks, including deutsche bank, rigged that benchmark rate, underpinning trillions of dollars in loans and other financial contracts in the journal cites deutsche bank documents which were handed to investigators by a former employee. the bank says the document shows the first time the scope and the manner in which a bank constructed a string of trades in hopes of proting from little tiny changes in various rates. but that's a good number, yeah. i mean, that would give you some motivation if you could do it. 654 million? that's more than a rounding error if you were able to -- if you knew what the libor rate was going to be. >> how do they ever unwind all this stuff? so complicated. >> they're moving on the new system now. >> no, i mean, but how do they ever unwin
i'm joe kernen along with becky quick and andrew ross sorkin.re's quite a piece of deutsche bank reportedly made about $650 million in profit back in 2008 from trades that were pegged to libor, which was manipulated. regulators have been investigating allegations that more than a dozen banks, including deutsche bank, rigged that benchmark rate, underpinning trillions of dollars in loans and other financial contracts in the journal cites deutsche bank documents which were handed to investigators...
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Jan 28, 2013
01/13
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andrew ross sorkin just like that party, remember? >> there was security waiting for us when we got off the plane. kelly, hope to see you here at home or back next year. >>> we're going to go globe-trotting for potential rally killers. we'll see how the market is setting up for the day. >>> welcome back, everybody. take a look at u.s. equity that's morning. you're coming off some huge numbers for this first month of january. this is the best january back from 1989. so the dow is on track for that. at this point, up about 6% for the month of january. 8% with its gains back 24 years ago. let's take a look at the national forecast with the weather channel's eric fisher. eric, why don't you tell us how things are shaping up around the country this morning. >> icy out there in the northeast this morning, not a storm that you write to your grandkids about later on in life. but enough that it's going to make some issues here. a lot of this not reaching the ground just yet, but it will start to pick up west of philly in the suburbs, even in w
andrew ross sorkin just like that party, remember? >> there was security waiting for us when we got off the plane. kelly, hope to see you here at home or back next year. >>> we're going to go globe-trotting for potential rally killers. we'll see how the market is setting up for the day. >>> welcome back, everybody. take a look at u.s. equity that's morning. you're coming off some huge numbers for this first month of january. this is the best january back from 1989. so...
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Jan 29, 2013
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i'm joe kernen along with becky quick and andrew ross sorkin.adlines this morning, federal reserve policymakers begin a two-day meeting today. they do that on tuesdays. i guess tuesday and wednesday typically. the fomc, the latest policy statement will come out tomorrow afternoon. and it should be one to watch. investors are going to be watching for any signs of a change in stratea strategy. the latest assessment of the housing market will be out today. the case-shiller report is due at 9:00 eastern and the forecast is for it to show a 5.5% increase in home prices for november compared to last year. and goldman sachs has sold more of its stake in china's biggest lender. dow jones reports that goldman sold about 1.4 billion shares in industrial and commercial bank of china for about $1 billion. it's the biggest share sale in asia so far this year. >> let's take a look at the markets this morning. you will see a couple of red arrows. this is after the markets gave back a little bit of ground yesterday. not much, but it was enough to end the longes
i'm joe kernen along with becky quick and andrew ross sorkin.adlines this morning, federal reserve policymakers begin a two-day meeting today. they do that on tuesdays. i guess tuesday and wednesday typically. the fomc, the latest policy statement will come out tomorrow afternoon. and it should be one to watch. investors are going to be watching for any signs of a change in stratea strategy. the latest assessment of the housing market will be out today. the case-shiller report is due at 9:00...
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Jan 14, 2013
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i'm becky quick along with joe kernen and andrew ross sorkin. apple is reportedly cutting its component orders for the iphone 5 because of weaker than expected demand. the tech giant's orders for screens for the first three months of the year have dropped to roughly half of what it had previously planned to order. apple is said to have notified the suppliers of the order cut last month. take a look at shares of apple. as you know, they've been under pressure for a while. right now, down about 3%. just over 3.5% -- or just under 3.5%. 3.3% to $503.11. >>> oracle released an emergency update to its java software yesterday. however, it failed on protecting pcs from hackers. last week, users were told to disability java apps. andrew. >> also in the headlines this morning, u.p.s. withdrawing its $7 billion bid for tnt express on expectations that european commission will be preventing that merger. in japan, japan's transport ministry has announced it's launching an investigation into causes about fuel leaks. yesterday, the airline said a 787 undergoi
i'm becky quick along with joe kernen and andrew ross sorkin. apple is reportedly cutting its component orders for the iphone 5 because of weaker than expected demand. the tech giant's orders for screens for the first three months of the year have dropped to roughly half of what it had previously planned to order. apple is said to have notified the suppliers of the order cut last month. take a look at shares of apple. as you know, they've been under pressure for a while. right now, down about...
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Jan 15, 2013
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i'm becky quick along with joe kernen and andrew ross sorkin. we've been watching the u.s. equity futures and at least at this point you can see they do look like they're indicated to open a little lower. right now, dow futures down by about 16 points below fair value. the s&p futures are about 2 points below fair value. we have some different nebs going on at the top of the screen than we do on that fair value board. we'll check on that, as well. >>> dell is said to be in talks with private companies in reports of a possible guyout. the journal says jpmorgan is involved in the negotiations. dell shares have been soaring near an eight-month high on first word of this news yesterday. you can see up about close to 2% to the premarket sales. 64 is the last dip. in other technology news, facebook is holing a press conference today. no word on what the big announcement will be. you've heard a lot of analyst saying it could have something to do with a morrow bust search feature. also, banking regulators are ordering jpmorgan to tight.risk controls aft
i'm becky quick along with joe kernen and andrew ross sorkin. we've been watching the u.s. equity futures and at least at this point you can see they do look like they're indicated to open a little lower. right now, dow futures down by about 16 points below fair value. the s&p futures are about 2 points below fair value. we have some different nebs going on at the top of the screen than we do on that fair value board. we'll check on that, as well. >>> dell is said to be in talks...
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Jan 4, 2013
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i'm becky quick along with joe kernen and andrew ross sorkin. we have two guest hosts with us on set this hour. we need this as we get ready for the countdown to the 8:30 eastern report. we have bob bruska joining us. also, jim hoey. we're ready to go and we need your help as we get through these numbers. we are looking for the jobs numbers to come out at 8:30. forecasters say the economy probably added about 160,000 jobs last month. the unemployment rate is expected to hold steady at 7.7%. you have a few economists who revised their predictions, moving them higher after yesterday's 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. they're 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 we're talking about this morning is
i'm becky quick along with joe kernen and andrew ross sorkin. we have two guest hosts with us on set this hour. we need this as we get ready for the countdown to the 8:30 eastern report. we have bob bruska joining us. also, jim hoey. we're ready to go and we need your help as we get through these numbers. we are looking for the jobs numbers to come out at 8:30. forecasters say the economy probably added about 160,000 jobs last month. the unemployment rate is expected to hold steady at 7.7%. you...
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Jan 8, 2013
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i'm becky quick along with joe kernen and andrew ross sorkin. if you went to sleep early last night, you missed alabama soundly defeating notre dame. the crimson tide rolling on, winning the bcs national championship game, 42-14. this is the second straight national title for the tide and the third in four years. we'll have more details in squawk sports a little later this hour. but notre dame didn't show up at the beginning of this game. >> no. >> alabama was the superior team. >> i didn't see a single inning. >> a single inning? you didn't make it to the ninth? >> those rednecks spanked those catholic boys. that's -- >> i watched the first half and then went to bed. >> i think a rutgers/notre dame game might have been better for the viewing audience. >> it was a bad, bad first half. >> the s.e.c., you know, they're looking for somebody to come in that can give them a decent game. >> i'm telling you, they were the only team that showed up. alabama, they deserved this national title. >> yeah, but they got beat. johnny manziel beat them. >> but t
i'm becky quick along with joe kernen and andrew ross sorkin. if you went to sleep early last night, you missed alabama soundly defeating notre dame. the crimson tide rolling on, winning the bcs national championship game, 42-14. this is the second straight national title for the tide and the third in four years. we'll have more details in squawk sports a little later this hour. but notre dame didn't show up at the beginning of this game. >> no. >> alabama was the superior team....
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Jan 7, 2013
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i'm becky quick along with joe kernen and andrew ross sorkin the. and our top story this morning, the global markets. who will begin the first wul week of 2013 today. the s&p rallied 4.6% last week. the dow was up 3.8%. so a great start to the year if you are a bull. three major averages posted their best weekly gains since december 2007. the best gauge for fear in the motorcycles, the cbo volatility index plummeted last week. if you look this morning to see where things stand, you'll see u.s. equity futures are indicated just slightly lower. right now, dow futures down about 35 points. same story in europe. if you look at the early trading there, you'll see a slight pullback across most of these markets. the cac is off .3 .5%. major asian markets overnight, things barely budged with the hang seng and shanghai was slightly higher and the nikkei was down by about .8%. andrew. >> and werings season officially begins after the bell tomorrow. that's when alcoa will be posting first quarter results. earnings are expected to rise. let's get a quick check
i'm becky quick along with joe kernen and andrew ross sorkin the. and our top story this morning, the global markets. who will begin the first wul week of 2013 today. the s&p rallied 4.6% last week. the dow was up 3.8%. so a great start to the year if you are a bull. three major averages posted their best weekly gains since december 2007. the best gauge for fear in the motorcycles, the cbo volatility index plummeted last week. if you look this morning to see where things stand, you'll see...
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Jan 30, 2013
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that's got to go on -- can i -- >> this brought to you by andrew ross sorkin. >> some people have saidhat in t might have been early software. >> those who play with it -- after ten minutes, it gets boring finalli, right? andrew, do both of them have brick breaker? >> that's a great question. i don't know. we'll talk to john ford about that at 7:00 a.m. >> 7:10. john ford. >> he'll have all of the answers about -- >> do you think we could get john to play with it on air? >> perhaps. >> i know you would. >> what time is it? >> my gosh. >>> news on -- no news on anthony weiner, either, his intentions. >> amazon out with quarterly result. that hand after the bell with -- that happened after the bell with rising earnings mix. nobody seems to care. joining us is director and tech analyst at evergrow partners. >> thank you. >> i know you're -- you're slightly scared at this point. thank you for indulging us this morning. >> sure. >> your sense of earnings, they did miss. no one -- as i said, no one seems to care. >> i think you're looking through the revenues to look at really what is the gr
that's got to go on -- can i -- >> this brought to you by andrew ross sorkin. >> some people have saidhat in t might have been early software. >> those who play with it -- after ten minutes, it gets boring finalli, right? andrew, do both of them have brick breaker? >> that's a great question. i don't know. we'll talk to john ford about that at 7:00 a.m. >> 7:10. john ford. >> he'll have all of the answers about -- >> do you think we could get john to...
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Jan 25, 2013
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andrew ross sorkin is in davos for the world economic forum, good morning, andrew. >> good morning, becks, how are you? >> great. >> we're going to have you come back here next time. >> i don't know. it's cold there. you're doing a great job. >> isn't it colder where you are than it is here? >> it is, but we're inside. we're inside so you're the one who is really toughing things out out there. >> what was that call that you did to him? >> yodel lay-he-hoo. >> what were the calls they did for you? ricola! >> oh, yeah. ricola! >> maybe not. that's a product, isn't it? >> it is, but it has the swiss flag thing on it, too. >> andrew, those long underwear, how many pairs did they send you? let us know what we're dealing with here. are you wearing the same crusty pair at this point? >> no. i've got different pairs for each day. i have the tommy johnes and they are keeping me very, very warm. i can't believe we talk about long underwear on this show. >> why? you're out in the cold. >> but i'll tell you one thing about these things. we talk about undershirts. they things keep me warm outside but
andrew ross sorkin is in davos for the world economic forum, good morning, andrew. >> good morning, becks, how are you? >> great. >> we're going to have you come back here next time. >> i don't know. it's cold there. you're doing a great job. >> isn't it colder where you are than it is here? >> it is, but we're inside. we're inside so you're the one who is really toughing things out out there. >> what was that call that you did to him? >> yodel...
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Jan 24, 2013
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and that's where we find our andrew ross sorkin. . >> thank you, joe. i appreciate that. >> you're welcome. we hoped you'd be wearing that hat for the dalio interview. just to throw us off. but i see you're not. >> i'll break out the hat in the next hour. in the meantime, we do have a big interview. ray dalio is here. founder of bridgewater, $130 billion you manage. you were saying before you started with $5 million? >> yeah. >> $5 million and a two bedroom apartment. >> well the world bank gave me $5 million in 1985. that's when i started. >> did you ever think $5 million was going to turn into $100 billion? >> i never thought much about it. just like playing the game. >> the other thing we were talking about before we came on was apple and i was talking about the apple stock and how you think about it. you said i don't really think about apple as a company. you think about it in a very different way in the sort of economic machine theory. how do you look at something like that? >> well, i think everything -- i think if everything i
and that's where we find our andrew ross sorkin. . >> thank you, joe. i appreciate that. >> you're welcome. we hoped you'd be wearing that hat for the dalio interview. just to throw us off. but i see you're not. >> i'll break out the hat in the next hour. in the meantime, we do have a big interview. ray dalio is here. founder of bridgewater, $130 billion you manage. you were saying before you started with $5 million? >> yeah. >> $5 million and a two bedroom...
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Jan 11, 2013
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i'm joe kernen along with becky quick and andrew ross sorkin. closing at a five-year high and the index is now 93 points off its record close. a log in october 2007. u.s. equity futures at this hour indicated slightly lower after a couple of decent sessions after a couple of lousy sessions earlier in the week. >> our top corporate story this morning is boeing. the faa will review the electrical system. phil lebeau joins us from washington with details on this. phil, we've been watching this closely trying to figure out what it means. >> i think what it means is more scrutiny from the faa because you're going to have a special review. i wouldn't call it an investigation as much as the faa, especially from the new plane certification department is going to step back and say exactly what is going on here. yeah, it is a safety review by the faa. the faa is not just saying, let's look at this a little bit. it was prompted by the fire in boston. the focus will be on the lithium ion batteries, but the manufacturing process will be under review. here is
i'm joe kernen along with becky quick and andrew ross sorkin. closing at a five-year high and the index is now 93 points off its record close. a log in october 2007. u.s. equity futures at this hour indicated slightly lower after a couple of decent sessions after a couple of lousy sessions earlier in the week. >> our top corporate story this morning is boeing. the faa will review the electrical system. phil lebeau joins us from washington with details on this. phil, we've been watching...
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Jan 31, 2013
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i'm becky quick along with joe kernen and andrew ross sorkin. and we have a big lineup of newsmakers ahead for one including dow chemical ceo an andrew liverus, robert nardelli, mike jackson, fred smith and jeremy siegel. if the dow and the s&p 500 finish near these levels, it will be one of the best starts in decades. the dow fell away from 14,000 after the gdp report surprised investors for the decline for the fourth quarter. the index is still up 2% for the month and it is shaping up to be the best january in 24 years. the s&p 500 managed to hold on to the 1500 level yesterday. that index is up 5.3% this month. will the january barometer kick in? in 61 of the last 84 years, a strong january meant a positive year for stocks at the rate of 3%. here is another statistic for you. the s&p 500 has finished january with a 5% or better gain just 11 times since 1950. in ten of those times, it finished the year with a double digit gain. the only exception was the crash year of 1987. so we have to wait until 4:00 p.m. to find out if the is he is he is on
i'm becky quick along with joe kernen and andrew ross sorkin. and we have a big lineup of newsmakers ahead for one including dow chemical ceo an andrew liverus, robert nardelli, mike jackson, fred smith and jeremy siegel. if the dow and the s&p 500 finish near these levels, it will be one of the best starts in decades. the dow fell away from 14,000 after the gdp report surprised investors for the decline for the fourth quarter. the index is still up 2% for the month and it is shaping up to...
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Jan 18, 2013
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i'm andrew ross sorkin along with joe kernen. becky is on assignment today. our newsmaker of the day, morgan stanley ceo james goreman will joan is live at 7:15 eastern time. we've got a lot to discuss with him about the fate of that bank and wall street. in the meantime, let's get you up to speed on the day's stories. the big one, china aes economy rebounding in the final quarter of to 12. growth to 7.9%, up from 7.4% the appreciate quarter. economists do caution, though, that a chinese recovery is likely to be gradual and weak to drive a global rebound without improvement in the u.s. and europe. also, the fate of dozens of hostages in algeria is still unknown. the algerian military stormed a gas field where the workers were being held. six people if not more are believed to have been killed. >>> a team of experts from boeing and the aviation experts are arriving in japan today. today the japan transportation safety board released a picture of the battery. they said the battery was blackened and carbonized, had a bulge in the middle and weighed 11 pounds les
i'm andrew ross sorkin along with joe kernen. becky is on assignment today. our newsmaker of the day, morgan stanley ceo james goreman will joan is live at 7:15 eastern time. we've got a lot to discuss with him about the fate of that bank and wall street. in the meantime, let's get you up to speed on the day's stories. the big one, china aes economy rebounding in the final quarter of to 12. growth to 7.9%, up from 7.4% the appreciate quarter. economists do caution, though, that a chinese...
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Jan 15, 2013
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we'll dance on the debt ceiling with andrew ross sorkin, ryan grim, steve, and joy reid. plus, telemundo weighs on in immigration reform and whether the gop can get it together. after that, slate's talks about the hurdle of american workers and employees who are cutting hours to avoid paying for employee health care. we'll discuss lance's lies with investigate i sports journalist sell evena roberts. all that when "now" starts in a mere 180 seconds. you peace of mind. unbiased. some brokerage firms are. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- isn't that a conflict? go to e-trade. we've g0t over 8,000 mutual funds and not one of them has our name on it. e-trade. less for us. more for you.
we'll dance on the debt ceiling with andrew ross sorkin, ryan grim, steve, and joy reid. plus, telemundo weighs on in immigration reform and whether the gop can get it together. after that, slate's talks about the hurdle of american workers and employees who are cutting hours to avoid paying for employee health care. we'll discuss lance's lies with investigate i sports journalist sell evena roberts. all that when "now" starts in a mere 180 seconds. you peace of mind. unbiased. some...
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Jan 3, 2013
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i'm becky quick along with joe kernen and andrew ross sorkin. our top story are the global markets today. stocks started 2013 on an incredibly bullish note. take a look there. dow jones industrial up with a game of more than 2.34%. that is the best points gain in over a year. the s&p closing at a 3 1/2 month high. that's, by the way, just three points away from ending the day at a five-year high that came in at 1462. u.s. equity futures this morning are indicated slightly lower. slightly because of the massive gains that we saw yesterday. you might have expected to see a bigger pullback. the s&p is off by just over three points. so the nasdaq futures are down about five. in europe, the markets there are coming off some of their gains, as well. the ftse is off by just ov over .1%. in germany, the dax is down by about .3%. in asia overnight, markets in japan and china remain closed. they will reopen tomorrow. the other major asian indexes, as you can see, are slightly higher. the one that really stands out there, though, is the korean kospi. that
i'm becky quick along with joe kernen and andrew ross sorkin. our top story are the global markets today. stocks started 2013 on an incredibly bullish note. take a look there. dow jones industrial up with a game of more than 2.34%. that is the best points gain in over a year. the s&p closing at a 3 1/2 month high. that's, by the way, just three points away from ending the day at a five-year high that came in at 1462. u.s. equity futures this morning are indicated slightly lower. slightly...
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Jan 31, 2013
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not a trustworthy source, andrew ross sorkin. >> wait a second. he works for cnbc, you snn. >> he does? >> yeah. >> i'm kidding. the thing about today is that it does take the message off of the white house talking points and the issues at the moment, which are immigration and gun control. reince priebus has said priorities are backwards. now, agree generally or disagree with reince preibus, it does bring the conversation back to jobs, and that's not something the president habz talking about. >> the white house sort of had the economy in this box after the election where everyone sort of assumed that it was a tepid roer, but it was a recovery over the next four years. things would probably improve over the course of obama's term. this number calls that into question, and that's not good for the white house. they were ready to move on to some of these legacy issues. they wanted to talk about twunz. they wanted to talk about immigration. they don't want to go back and refight the fights of 2009 and 2010 all over again, so for them this is a real un
not a trustworthy source, andrew ross sorkin. >> wait a second. he works for cnbc, you snn. >> he does? >> yeah. >> i'm kidding. the thing about today is that it does take the message off of the white house talking points and the issues at the moment, which are immigration and gun control. reince priebus has said priorities are backwards. now, agree generally or disagree with reince preibus, it does bring the conversation back to jobs, and that's not something the...
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Jan 15, 2013
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washington bureau chief ryan grim, "new york times" columnist and co-host of cnbc's squawk box andrew ross sorkin, msnbc contributor and queen bejoy reid, and co-host of msnbc's "the cycle" steve. will the gop once again play the role of dr. no? this version of the action-packed thriller would not involve threatening the launch of a u.s. spaceship wan atomic powered radio beam. instead, the victim would be the united states economy and the potentially disastrous impact of failing to raise the debt ceiling brsh according to speaker boehner, the ends justify the means. in a statement yesterday, boehner asserted the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved. it was a response to this stern warning from the president on monday. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leveraged to be used. >> if the tenor of the president's last press conference of his first term is any indication about what he expec
washington bureau chief ryan grim, "new york times" columnist and co-host of cnbc's squawk box andrew ross sorkin, msnbc contributor and queen bejoy reid, and co-host of msnbc's "the cycle" steve. will the gop once again play the role of dr. no? this version of the action-packed thriller would not involve threatening the launch of a u.s. spaceship wan atomic powered radio beam. instead, the victim would be the united states economy and the potentially disastrous impact of...
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Jan 22, 2013
01/13
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andrew ross sorkin is on assignment. he is traveling to the world economic forum in davos, switzerland. and he will join us live from there starting tomorrow. there's a lot of big guests lined up. could be a lot of fun. earnings central is in full swing today. among the names that are reporting before the bell, we have dupont, johnson & johnson, travelers and verizon. four dow components before the bell even rings. our newsmaker this morning is dupont's ceo coming out want 8:00 eastern time. after the bell, technology takes center stage. we will hear from google, texas instruments and amd among others. >> and friday, the 49% mothership and it was good. revenues above expectations. and also a little beat on the bottom line, but a lot of the different business segments doing well. all clicking and stock was up above 22. comcast traded over 40. >> i saw that, too. and it makes you wonder if the dow jones industrial average will follow the transports at this point. >> why follow those two so closely? comcast at 51% and 49% o
andrew ross sorkin is on assignment. he is traveling to the world economic forum in davos, switzerland. and he will join us live from there starting tomorrow. there's a lot of big guests lined up. could be a lot of fun. earnings central is in full swing today. among the names that are reporting before the bell, we have dupont, johnson & johnson, travelers and verizon. four dow components before the bell even rings. our newsmaker this morning is dupont's ceo coming out want 8:00 eastern...
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Jan 17, 2013
01/13
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i'm becky quick along with joe kernen and andrew ross sorkin. in our headlines, the united states, europe, japan and india are grounding boeing 787 dreamliner jets while the batteries are being investigated. shares of boeing are down once again this morning on this news. in fact, at this point, the premarket is down by almost 3%. phil lebeau will join us live from o'hare in just a moment. also today, a number of names to watch before the opening bell, including citigroup, blackrock and united health. as always, we will bring you these numbers as soon as they hit the tape. we have weekly jobless claims, housing starts and the philadelphia fed survey. claims are expected to dip to 368,000 from 371,000. housing starts are seen rising to 890,000 to 861,000. andrew, we have a lot of things keeping us busy today. >> we do. thank you, becky. in the meantime, let's turn back to boeing. cnbc's phil lebeau is at o'hare this morning with more. good morning, phil. >> good morning, andrew. we're here at the international because this is where the last dreaml
i'm becky quick along with joe kernen and andrew ross sorkin. in our headlines, the united states, europe, japan and india are grounding boeing 787 dreamliner jets while the batteries are being investigated. shares of boeing are down once again this morning on this news. in fact, at this point, the premarket is down by almost 3%. phil lebeau will join us live from o'hare in just a moment. also today, a number of names to watch before the opening bell, including citigroup, blackrock and united...
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Jan 24, 2013
01/13
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andrew ross sorkin will be joining us from davos. >> good morning. >> apple popping out quarterly resultsor investors who are punishing the stock today. the company earned $13.81 a share. that beat the street, which was expecting $13.47. but revenue came in lighter than expected at 54.51 billion versus estimates of 54.73. >> barely. >> barely came in lighter. >> no beat. >> no upside surprise. maybe more guidance than they gave talking about how from now on this guidance may -- in the past, they've been conservative. now they'll be giving a range. but listen to some of these other key stats that have been coming under scrutiny from wall street. apple sold 47.8 million iphones. it was a huge record, way more than they've sold in the past. but then again, some of the street wanted to see a number closer to 50 million or more. ipad sales were up from 15.4 million a year ago, but still a little bit of a disappointment for some of the street. and here is another big statistic for you. apple has $137 billion in cash. as we mentioned, the stock has been taking a hit. it's down as much as 10% in
andrew ross sorkin will be joining us from davos. >> good morning. >> apple popping out quarterly resultsor investors who are punishing the stock today. the company earned $13.81 a share. that beat the street, which was expecting $13.47. but revenue came in lighter than expected at 54.51 billion versus estimates of 54.73. >> barely. >> barely came in lighter. >> no beat. >> no upside surprise. maybe more guidance than they gave talking about how from now on...
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Jan 16, 2013
01/13
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andrew kernen with andrew ross sorkin, and michelle car usea--a crewsa cabrera. >> they don't speak farsirgan and goldman sachs set to post numbers before. i know in fact with andrew he insisted on an actual 100% british driver. in his contract. in his contract. >> come on. >> not a fake accent. but right from -- from -- >> has to be british. >> not even irish like branson in downtown abbey. you wanted like carson type guy. >> yeah. >> let's get to the other morning headlines -- we have more trouble from boeing. al nippon airways saying that a 787 dreamliner made another emergency landing at an airport in southern japan today after a battery alarm alert. the latest in a series of incidents with the new jetliner, as a result, both al nippon and japan airlines have grounded their dreamliner fleets. we talked to phil lebeau and said were people going to ground these planes or continue to keep them in the air. and now you have him being grounded. wonder what united is going to do and the other airlines. >> let's check on the markets so far. future are indicating that we'll have slightly lower
andrew kernen with andrew ross sorkin, and michelle car usea--a crewsa cabrera. >> they don't speak farsirgan and goldman sachs set to post numbers before. i know in fact with andrew he insisted on an actual 100% british driver. in his contract. in his contract. >> come on. >> not a fake accent. but right from -- from -- >> has to be british. >> not even irish like branson in downtown abbey. you wanted like carson type guy. >> yeah. >> let's get to the...
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Jan 25, 2013
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. >>> our andrew ross-sorkin sitting down with lloyd blankfein this morning. had this to say. >> the market has gone up. without -- with people being underinvested there will be a turn. the turn in interest rates into equities won't necessarily happen when the fed changes interest rate policy. it will happen when the market decides the fed will have to change interest policy which can happen a lot soon. >> a lot sooner? >> sooner than the official -- >> mm-hmm. you may have noticed blankfein is sporting a beard. maybe it's insulation against the cold. maybe it's something more. you had a beard -- >> this isn't a play for bernanke's job or anything else? >> no. >> the beard looks handsome. >> very good. >> simon? >> i think we should all be allowed to have beards. unfortunately, that's not the cable with a ticker way. >> what a week we have had. money in motion currencies. ta deserves an hour by itself. >> facebook earnings action. >> if you're just joining us this is what you missed earlier. >> announcer: welcome to hour three of "squawk on the street." here's
. >>> our andrew ross-sorkin sitting down with lloyd blankfein this morning. had this to say. >> the market has gone up. without -- with people being underinvested there will be a turn. the turn in interest rates into equities won't necessarily happen when the fed changes interest rate policy. it will happen when the market decides the fed will have to change interest policy which can happen a lot soon. >> a lot sooner? >> sooner than the official -- >> mm-hmm....
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Jan 23, 2013
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. >> let's get to andrew ross sorkin. i'm using davos.ose, everyone say iing daf vos. >> daf vose. daf vose. let me show you where we are. this is the roof of the congress center where all the action happens on the roof. this is a heated tunnel, actually how the executives and politicians come through, a big security bubble that begins right over there. already this morning, there has been news made in the congress center, jamie dimon hitting back on regulation, talking about the world of banking and some people here at least calling him defiant. take a listen to this. >> i think jpmorgan was not just a fair weather friend, we're there in good times and bad tapes for everybody including nations. for spain and it they'll, we tell you lending $15 billion net collateral, spain and italy and yes, it's governments and multi-nationals, if you want to be transparent. what would you do? what would you all do? if you were my board of directors, easy to say don't take the risk and move out. we've been in spain and italy for 60 years. we're not a fa
. >> let's get to andrew ross sorkin. i'm using davos.ose, everyone say iing daf vos. >> daf vose. daf vose. let me show you where we are. this is the roof of the congress center where all the action happens on the roof. this is a heated tunnel, actually how the executives and politicians come through, a big security bubble that begins right over there. already this morning, there has been news made in the congress center, jamie dimon hitting back on regulation, talking about the...
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Jan 9, 2013
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i'm joe kernen along with becky quick and andrew ross sorkin. >>> amr says business prospects have improvedpoint where equityholders might receive value from the chapter 11 reorganization. the parent of american airlines filed for bankruptcy in november of 2011. it's weighing mergers with usairways against exiting chapter 11 as a stand-alone company. normally, you don't see any shareholder recouping anything after a bankruptcy. people say don't buy bankrupt stocks, but in this case, sometimes it works. it has worked a couple of times. alexander's, a couple of instances where bankrupt company, where you saw the equity go. >> alexander's -- >> he was in college when he did -- -- >> the big question is whether they merge prebankrupt or post bankrupt. and one of the big issues is compensation for the management team. >> right. >> traditionally management teams at airlines when they've come out of bankruptcy take between 5% to 10% of the market value of the company. >> uh-huh. >> they come out of bankruptcy, they get the money and then they merge. or they do it inside the merger, but then you ba
i'm joe kernen along with becky quick and andrew ross sorkin. >>> amr says business prospects have improvedpoint where equityholders might receive value from the chapter 11 reorganization. the parent of american airlines filed for bankruptcy in november of 2011. it's weighing mergers with usairways against exiting chapter 11 as a stand-alone company. normally, you don't see any shareholder recouping anything after a bankruptcy. people say don't buy bankrupt stocks, but in this case,...
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Jan 2, 2013
01/13
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i'm joe kernen with andrew sorkin and becky quick and our special guest, doug de shield. more from him in a minute. first, andrew. rossdlinheadlines involving the fiscal cliff. >> they do. can people rise above ultimately? >> if rising above wasn't very pleasant for this gentleman, boehner. >> this is tough. i want to raise this question. >> it felt like he was probably a proctology exam. he's probably the only person that did rise above in the whole process, don't you think? >> he was one of 85 republicans that voted for the bill even though he wasn't pleased with it. >> he had to bring it up. >> he normally doesn't. >> let's describe what has happened. the fiscal cliff deal that originated in the senate did clear the house last night includesing a tax increase for high earners and permanent extension of the remaining bush era tax cuts and extension of unemployment benefits that will last one year and delays automatic spending cuts for two months that sets up a fight over the debt ceiling when the u.s. hits its credit limit. president obama said he wouldn't negotiate with the house on the debt ceiling. >> while i'll
i'm joe kernen with andrew sorkin and becky quick and our special guest, doug de shield. more from him in a minute. first, andrew. rossdlinheadlines involving the fiscal cliff. >> they do. can people rise above ultimately? >> if rising above wasn't very pleasant for this gentleman, boehner. >> this is tough. i want to raise this question. >> it felt like he was probably a proctology exam. he's probably the only person that did rise above in the whole process, don't you...
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Jan 25, 2013
01/13
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michelle, i see your prep school guy over at cnbc, andrew ross sorkin.ats and the like. what's going on over there and why aren't we ever invited to that party? >> davos is this huge confab of the leading likes of finance and government officials that go to switzerland once a year to get together try to solve the problems of the world and we send maria bartiromo every year, andrew has traveled there for the new york times, our chief economics reporter there as well. it's an exciting event. for journalists, it's like shooting a fish in a barrel, because they're all right there. you're walking down the hall, and there's bill gates, there's warren buffett. >> and there's andrew in a very, very funny hat. but if the leading minds of the world are there, i guess, michelle, the question is, why aren't any of us invited? why are we here, is the question? >> it doesn't make any sense to me. >> any news coming out of davos this year? >> yeah, george soros had a big impact on the currency markets, where we talked about what is going on in japan. japan is going to
michelle, i see your prep school guy over at cnbc, andrew ross sorkin.ats and the like. what's going on over there and why aren't we ever invited to that party? >> davos is this huge confab of the leading likes of finance and government officials that go to switzerland once a year to get together try to solve the problems of the world and we send maria bartiromo every year, andrew has traveled there for the new york times, our chief economics reporter there as well. it's an exciting...
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Jan 10, 2013
01/13
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i'm andrew ross sorkin. get up. >> let's go. >> when is the "morning joe" app coming out? 30 days to pitches and catches. >> i see him doing that to his kids. it is true. >> who thought this idea up? he's not going to be with cnbc very long. >> i'm fine. no one is picking me anyway. who wants to wake up to this? i don't even want to wake up to myself. >> that's good stuff. >> thank you. >> up next, the best of late night. there is no mass-produced human. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort individualized. queen mattresses start at just $699. and now save 50% on the closeout of our silver limited edition bed. ends sunday. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out
i'm andrew ross sorkin. get up. >> let's go. >> when is the "morning joe" app coming out? 30 days to pitches and catches. >> i see him doing that to his kids. it is true. >> who thought this idea up? he's not going to be with cnbc very long. >> i'm fine. no one is picking me anyway. who wants to wake up to this? i don't even want to wake up to myself. >> that's good stuff. >> thank you. >> up next, the best of late night. there is no...