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Sep 18, 2013
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but i want to take kelly evans' point. think that the media in particular has painted wall street in such a negative light, everybody, just blanket, i think the idea of getting rich in retirement has also been painted in a negative light by the media. i think they're trying to convince people that somehow getting rich or living comfortably is a bad thing. and you know what? we should all work, and we should all get the same thing, and it should all be fair, and it's about equality of results, not equality of opportunity, which is anti-capitalist and just blows me away. >> you know, here is the tough part. i mean, kayla and of course kelly have great points, and the reason why it's such a big deal is perhaps there is this culture developing right now where success is frowned upon. that if you do well, that somehow you're not going to be in that mass of people. you're not in touch with what is happening overall with everybody else in the economy. but i will say this about the millennials and about whether or not they should
but i want to take kelly evans' point. think that the media in particular has painted wall street in such a negative light, everybody, just blanket, i think the idea of getting rich in retirement has also been painted in a negative light by the media. i think they're trying to convince people that somehow getting rich or living comfortably is a bad thing. and you know what? we should all work, and we should all get the same thing, and it should all be fair, and it's about equality of results,...
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Sep 30, 2013
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." >> i'm kelly evans in today for maria bartiromo. the shutdown showdown center stage down here at the new york stock exchange. we've been equities all day down triple digits. we're down about 114 points right now on the dow jones industrial average. same thing, about half a percent on the s&p, a level of 1682. the nasdaq weakening as well, although holding up a little better. the focus as well will be on the last hour of trade. this is the day where washington, wall street and main street all intersect. john harwood is in washington with the latest on this fight. we're now less than nine hours to go until the deadline. recap where things stand for us right now. >> reporter: where things stand, kelly, is that the senate has now defeated on a partisan vote, the democratic majority has turned down the house proposal to condition the extension of government funding through november on a delay or defunding of obama care and a repeal of the medical devices tax, which is part of it. house members are now meeting on the house side of the cap
." >> i'm kelly evans in today for maria bartiromo. the shutdown showdown center stage down here at the new york stock exchange. we've been equities all day down triple digits. we're down about 114 points right now on the dow jones industrial average. same thing, about half a percent on the s&p, a level of 1682. the nasdaq weakening as well, although holding up a little better. the focus as well will be on the last hour of trade. this is the day where washington, wall street and...
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Sep 24, 2013
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i'm kelly evans in for march rhea bartiromo, who will be back in tomorrow. >> she's on a regatta with larry ellison today. i don't know where she is. dow closing lower for the fourth day in a row. we're finishing on the street, as we mentioned, the dow continues to show weakness, down 63 points and two of its brand new components, goldman sachs and visa, contributing almost half those declines. nasdaq holding on to fractional gain. s&p down about four points today at 1697. >> joining us now to help break down the day, ann from wells fargo, march, todd and todd morgan from bel air investment advisers. we'll try to distinguish between the two todds. welcome to everyone. ann, first to you. we just watched stocks sell off sharply into the close, financials in particular. what does that tell you? >> i think it is the market just worried about what's going on at the fed and the debt ceiling, budget hearings, all that we have. more uncertainty in the market. uncertainty has really become an ugly word for us, i guess. >> you still -- there are plenty of stocks you like individually right now.
i'm kelly evans in for march rhea bartiromo, who will be back in tomorrow. >> she's on a regatta with larry ellison today. i don't know where she is. dow closing lower for the fourth day in a row. we're finishing on the street, as we mentioned, the dow continues to show weakness, down 63 points and two of its brand new components, goldman sachs and visa, contributing almost half those declines. nasdaq holding on to fractional gain. s&p down about four points today at 1697. >>...
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Sep 25, 2013
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kelly evans is sitting in today. >> she is, indeed. oh, maria. >> maria, fantastic.s for watching "street signs," everybody. >> "closing bell" is next. >> hi, everybody, welcome to "closing bell." i'm maria bartiromo. >> i'm bill griffeth. more on the markets in a moment. what a very big day we're having here on the "closing bell." first of all, japanese prime minister shinzo abe is ringing the closing bell. but look at heavy littehitters have coming up in an exclusive interview. >> also ahead, then
kelly evans is sitting in today. >> she is, indeed. oh, maria. >> maria, fantastic.s for watching "street signs," everybody. >> "closing bell" is next. >> hi, everybody, welcome to "closing bell." i'm maria bartiromo. >> i'm bill griffeth. more on the markets in a moment. what a very big day we're having here on the "closing bell." first of all, japanese prime minister shinzo abe is ringing the closing bell. but look at heavy...
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Sep 24, 2013
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i'm kelly evans in for march rhea bartiromo, who will be back in tomorrow. >> she's on a regatta withson today. i don't know where she is. dow closing lower for the fourth day in a row. we're finishing on the street, as we mentioned, the dow continues to show weakness, down 63 points and two of its brand new components, goldman sachs and visa, contributing almost half those declines. nasdaq holding on to fractional gain. s&p down about four points today at 1697.
i'm kelly evans in for march rhea bartiromo, who will be back in tomorrow. >> she's on a regatta withson today. i don't know where she is. dow closing lower for the fourth day in a row. we're finishing on the street, as we mentioned, the dow continues to show weakness, down 63 points and two of its brand new components, goldman sachs and visa, contributing almost half those declines. nasdaq holding on to fractional gain. s&p down about four points today at 1697.
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Sep 24, 2013
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all that and more, kelly evans with me today, see you at the top of the hour on "closing bell."ng a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my family, which means a lot to me. ♪ mr. daniels. mr. daniels. look at this. what's this? clicks are off the charts. yeah. yoshi, we're back. yes, sir! ♪ more shipping! more shipping! ♪ [ beeping ] ♪ >>> ceos from the biggest media companies are gathered in manhattan today talking about the future of their business. let's get straight to julia boorstin at the conference who spoke exclusively with viacom's ceo. what did he have to say? >> mandy, viacom's ceo is in a good mood not
all that and more, kelly evans with me today, see you at the top of the hour on "closing bell."ng a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend...
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Sep 25, 2013
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kelly evans is sitting in today. >> she is, indeed. oh, maria. >> maria, fantastic. back from the west coast. thanks for watching "street signs," everybody. >> "closing bell" is next. >> hi, everybody, welcome to "closing bell." i'm maria bartiromo. >> i'm bill griffeth. more on the markets in a moment. what a very big day we're having here on the "closing bell." first of all, japanese prime minister shinzo abe is ringing the closing bell. but look at heavy littehitters have coming up in an exclusive interview. >> also ahead, then standard charter peter sands is in the house, the state of the global economy and how they view what's going on in europe, the nonsense in d.c. over the budget and debt ceiling. >> we're not finished. the hits keep coming. cisco ceo john chambers here exclusively. a lot of tech news. we'll get to that coming up in the next hour. >> google's eric schmidt, our special guest host in one hour. he'll be with me on set. we'll talk with john chambers along with eric schmidt. that will be interesting getting them to talk together. so much to talk a
kelly evans is sitting in today. >> she is, indeed. oh, maria. >> maria, fantastic. back from the west coast. thanks for watching "street signs," everybody. >> "closing bell" is next. >> hi, everybody, welcome to "closing bell." i'm maria bartiromo. >> i'm bill griffeth. more on the markets in a moment. what a very big day we're having here on the "closing bell." first of all, japanese prime minister shinzo abe is ringing the...
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Sep 20, 2013
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kelly evans has details on that and other business news. >> good morning.y it is in general. we have a ton of ipos hitting the floor and officials from around lunchtime. geopolitical events around the german elections and the elections next week and politics on washington that we are trying to keep an eye on as well. any failure to raise the debt ceiling would be pretty damn dumb. amid all of that, we have apple's iphone 5 s hitting stores. it's interesting they come in silver and gold. this is the high end version with the fingerprint scanner that you can program your cat to use as well. >> that's important. >> very important. >> i want it to work. >> mika is skeptical. really quick question. the market's so-called priced in move by the fed that never happens. that was a woops. are they pricing in a move in terms of government shut down? >> if that does start to lock likely, most people think they will strike an 11th hour deal. any stop to government spending will be an immediate hit. the shares are under pressure this morning. with regard to expectations
kelly evans has details on that and other business news. >> good morning.y it is in general. we have a ton of ipos hitting the floor and officials from around lunchtime. geopolitical events around the german elections and the elections next week and politics on washington that we are trying to keep an eye on as well. any failure to raise the debt ceiling would be pretty damn dumb. amid all of that, we have apple's iphone 5 s hitting stores. it's interesting they come in silver and gold....
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it's a tough one. >> cnbc's kelly evans. thank you very much.ado flood disaster. 1,000 people still unaccounted for. that's next on "morning joe." sfx: oil gushing out of pipe. sfx: birds chirping. from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your wallet? picasso painted one of his master works at 56. doris taerbaum finished her first marathon at 50. not everyone peaks in their twenties. throughout their lives. passion keeps them realizing possibilities. an ally for real possibilities. aarp. find tools and support at aarp.org/possi
it's a tough one. >> cnbc's kelly evans. thank you very much.ado flood disaster. 1,000 people still unaccounted for. that's next on "morning joe." sfx: oil gushing out of pipe. sfx: birds chirping. from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great...
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i'm kelly evans in for maria bartiromo. >> and i'm scott wapner. we are eight hours away from what's looking like a government shutdown. here's how we're finishing a pretty bad day on the street. the dow closing off its lows but still a triple-digit loss, a nearly 1% decline for the dow, down 125. the nasdaq wrapping up a great quarter in which it rose 11%, giving just a smidge of that back today in a ten-point decline. there's the s&p up 5% in the quarter, down about two-thirds of 1%. after all this, we just closed the door, bob, talk to us. what does all this mean now at the nyse. dominic chu has the lowdown on sector movers as well. >> it was a poor close to the quarter but we ended up positive in all the major indices. here's the final numbers, maybe close to the final numbers. nasdaq was the big winner. look at the unusual disparity between the nasdaq and the dow industrials. you rarely see an eight percentage point difference. that was quite noticeable. the transports did well. s&p 500 up 4.5%. what really suffered were interest rate sensitiv
i'm kelly evans in for maria bartiromo. >> and i'm scott wapner. we are eight hours away from what's looking like a government shutdown. here's how we're finishing a pretty bad day on the street. the dow closing off its lows but still a triple-digit loss, a nearly 1% decline for the dow, down 125. the nasdaq wrapping up a great quarter in which it rose 11%, giving just a smidge of that back today in a ten-point decline. there's the s&p up 5% in the quarter, down about two-thirds of...
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. ♪ >>> "business before the bell," with kelly evans.ing private. >> that's right. good morning, brian. good morning, guys. friday i was telling you about a flurry of ipo activity on the floor. now today it's going to be one in particular that's in focus as markets generally are flat, they're waiting on more clarity from the fed, and of course from washington for the next move. but chrysler is much of the story this morning. now this automaker, like ford and gm, has been on the rebound since the crisis a couple years ago, helped by jeep grand cherok cherokee, recently revamped. here's one you don't hear every day. the case of a company, a reluctant public offering pushed for by its union. what's happened in the case of chrysler is the united auto workers, which took a big stake in the company back in 2007 when chrysler needed help, says it thinks that stake worth about 40% of chrysler would be worth as much as $30 billion and it wants to test its value by going public with part of it. it's fiat, though, the italian company, which also ow
. ♪ >>> "business before the bell," with kelly evans.ing private. >> that's right. good morning, brian. good morning, guys. friday i was telling you about a flurry of ipo activity on the floor. now today it's going to be one in particular that's in focus as markets generally are flat, they're waiting on more clarity from the fed, and of course from washington for the next move. but chrysler is much of the story this morning. now this automaker, like ford and gm, has...
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Sep 6, 2013
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time for business before the bell with cnbc's kelly evans. >> this is a disappointment.000 jobs for the month. that compares after some of the stronger labor force data we had earlier this week that expectations were actually in about the 200,000 range. some were even saying a 300,000 number. so disappointment. but in the weird way wall street work, the unemployment rate fell. frankly, that was partly because people dropped out of the labor force. we've seen this trend. that means with the market, stocks are getting a little bit of a bid here in the future. treasury market as well, people are flocking to that safety because now the expectation is now the federal reserve won't be so quick to exit. big downward revisions to july. that showed the u.s. added just over 100,000 jobs per month. a bit at odds awith some of the indicators. it continues to be the main gauge everyone focuses on. >> what would be the takeaway if you have to put it all together? do you have the number on the participation rate? a lot of people want to know how reliable that is. >> the labor force pet
time for business before the bell with cnbc's kelly evans. >> this is a disappointment.000 jobs for the month. that compares after some of the stronger labor force data we had earlier this week that expectations were actually in about the 200,000 range. some were even saying a 300,000 number. so disappointment. but in the weird way wall street work, the unemployment rate fell. frankly, that was partly because people dropped out of the labor force. we've seen this trend. that means with...
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. >> this is before the bell with kelly evans. >> good morning.e over comments coming from aig. just to bring people up to speed, here's what's happened. the ceo that took over in 2009 likening public outrage that the bonuses paid to employees that year to a lynch mob and not for the 50 time. he gave an interview over the weekend and said the uproar over bonuses was intended to serve public anger and get everybody out there with pitch forks and hang men nooses and all that. >> why would he say that. >> all that with the deep south decades ago. the democrat from maryland also ranking member in the house oversight committee said look, i find it unbelievably appalling that he appoints the violent repression of african-american people to prevent the taxpayer dollars. >>p >> why would say say that. we are back in a moment. >> tomorrow on "morning joe," republican senator tom coburn will be with us and deputy prime minister of the united kingdom. up next, what if anything did we learn today? is of a better fut, a confident retirement. those dreams, ther
. >> this is before the bell with kelly evans. >> good morning.e over comments coming from aig. just to bring people up to speed, here's what's happened. the ceo that took over in 2009 likening public outrage that the bonuses paid to employees that year to a lynch mob and not for the 50 time. he gave an interview over the weekend and said the uproar over bonuses was intended to serve public anger and get everybody out there with pitch forks and hang men nooses and all that. >>...
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. >> you know who has some good things on the trend is kelly evans. >> holy cow, how did you sneak in>> if we're talking about whether alibaba lists it's a shares in new york, i wanted to give people a sense of what we're looking at in terms of who is winning the ipo business. hong kong had become the biggest market for ipos in terms of listings from 2009 and 2011. here's what we're looking at so far this year. the new york stock exchange in first place, 27% of ipo proceeds. interesting the nasdaq has had more listings, 82 to the nyse's 71 but haven't raised at much money. london in third, hong kong has dropped to fifth. >> the deal itself will be, as you said, it will be enormous, dwarf the likes of twitter in terms of what they're selling. yahoo! has the right for them to sell 12% of the company, yahoo! owns 24%. what happens to the other 12%? is it possible for yahoo! to distribute that to shareholders in a tax-free manner? that may be a story for another day. but back to alibaba, $100 million value, they have yet to pick an underwriter. first quarter business most likely at this p
. >> you know who has some good things on the trend is kelly evans. >> holy cow, how did you sneak in>> if we're talking about whether alibaba lists it's a shares in new york, i wanted to give people a sense of what we're looking at in terms of who is winning the ipo business. hong kong had become the biggest market for ipos in terms of listings from 2009 and 2011. here's what we're looking at so far this year. the new york stock exchange in first place, 27% of ipo proceeds....
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i'm carl quintanilla with david faber and kelly evans on the new york stock exchange. cramer is off today. a house vote in washington to strip out health care funding, german elections on sunday. a ton of fed speak. for the time being we're hanging on to some slight green arrows. at least there's apple, building some excitement with lines for the new iphone 5s, goes on sale all around the world today. we'll talk a lot about what the baseline is for sales this weekend in just a moment. people lining up all around the world, trying to get their hands on the new iphone. with enthusiasm translate to investors enthusiasm as well? >> and we're days away from a possible government shutdown. president obama already promising to veto the bill. >> sales at olive garden and red lobster falling sharply. >> and steve ballmer saying it's weird for him to come to work these days. >> apple's new 5s and 5c going on sale in the central zone now. they went on sale on the east coast about an hour ago. courtney reagan is tracking all the action. good morning. >> reporter: good morning to y
i'm carl quintanilla with david faber and kelly evans on the new york stock exchange. cramer is off today. a house vote in washington to strip out health care funding, german elections on sunday. a ton of fed speak. for the time being we're hanging on to some slight green arrows. at least there's apple, building some excitement with lines for the new iphone 5s, goes on sale all around the world today. we'll talk a lot about what the baseline is for sales this weekend in just a moment. people...
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. >> kelly evans is here. >> good morning. >> some say it is a victory for the right. others say a progressive victory at the president's expense. >> this was an issue where the democrats were among those most opposed to summers. we had a lot of the congressmen that signed that letter against him in the first place. we had a lot of economists that would be surprised about the president coming back against this. this depends on yellen being the pick. it is far that that is going to happen. for all parties involved. because the president, for whatever reason, may simply want somebody else. the wall street journal reported this isn't just a smoke screen. yellen hasn't been vetted. are they restarting that vetting process? who is being vetted? jim, i hear the stanley fisher name as a dark horse possibility. he was ben bernanke's thesis adviser. he is this figure that is also the guy revered in korea and asia. he came in with tough love for imf and is regarded as being the dean for all central bankers. it would be radical. >> don cone, another name that gets floated around
. >> kelly evans is here. >> good morning. >> some say it is a victory for the right. others say a progressive victory at the president's expense. >> this was an issue where the democrats were among those most opposed to summers. we had a lot of the congressmen that signed that letter against him in the first place. we had a lot of economists that would be surprised about the president coming back against this. this depends on yellen being the pick. it is far that that...
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Sep 27, 2013
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aim carl quintanilla with kelly evans and david faber. jim cramer is off today. fiscal show down continues today. the s&p did finally break that five-day losing streak yesterday. a lot more fed speak on the way today. europe got some strong confidence numbers in both the u.k. and in italy, although that italian 10-year ticking up yet again this morning. our road map begins with jcpenney. >> a potential payout to top execs coming in much bigger than expected. $80 million should a sale to a buyout group be completed. >> and nike share higher premarket after its quarterly results outpace expectations. >> and on this day in 1993, david faber first clicked on his mick cr microphone on cnbc and the rest is history. >> i wondered if that was coming. >> did you know it was coming? >> i thought maybe because they sent me a little pin. >> did you know that was what happened at ten -- >> 20. >> oh, 20! >> that's a fifth of a century. >> thanks for reminding me. jcpenney is offering 84 million shares at $9.65 apiece. of course this offering itself someone unexpected given wh
aim carl quintanilla with kelly evans and david faber. jim cramer is off today. fiscal show down continues today. the s&p did finally break that five-day losing streak yesterday. a lot more fed speak on the way today. europe got some strong confidence numbers in both the u.k. and in italy, although that italian 10-year ticking up yet again this morning. our road map begins with jcpenney. >> a potential payout to top execs coming in much bigger than expected. $80 million should a sale...
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i'm kelly evans with simon hobbs and brian sullivan live from the new york stock exchange.his morning after the dow's best day in five weeks, here's a look at futures, dow is just barely in the green. the implied open for the s&p is to add a couple of points, five higher for the nasdaq. we'll see if we can build and turn this into something more of a rally this morning. weekly jobless
i'm kelly evans with simon hobbs and brian sullivan live from the new york stock exchange.his morning after the dow's best day in five weeks, here's a look at futures, dow is just barely in the green. the implied open for the s&p is to add a couple of points, five higher for the nasdaq. we'll see if we can build and turn this into something more of a rally this morning. weekly jobless
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i'm carl quintanilla with david faber and kelly evans on the new york stock exchange.n to strip out health care funding, german elections on sunday. a ton of fed speak. for the time being we're hanging on to some slight green arrows. at least there's apple, building some excitement with lines
i'm carl quintanilla with david faber and kelly evans on the new york stock exchange.n to strip out health care funding, german elections on sunday. a ton of fed speak. for the time being we're hanging on to some slight green arrows. at least there's apple, building some excitement with lines
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kelly evans here at post 9. interesting flow of immediamedi coverage regarding summers and yellen. one, kel, "usa today" today with a bold headline reading "yellen candid fear l fearless." you have more. >> yes, add to it the "economist" endorsing yellen over the fed. i will hold it up. are we going to do it? >> you said that obama won. >> here is "the new york times" which on the front of the business section today is saying that summer's odds up, but the stimulus ease is seen. if you dig through the coverage, there is a blowback against summers if you put all of the pieces together. as much as people are reporting that he is the front-runner including john harwood and while we don't know whether he is named in weeks or generally some time this fall, there is a lot of coverage about whether or not that is the right choice at this juncture. so that the "economist" is endorsing yellen and likes her approach and say he's is the author of the fed, and she is well respected. and for summers, more baggage and less predictable. and this morning, quoting julie corona coronado, a good frie
kelly evans here at post 9. interesting flow of immediamedi coverage regarding summers and yellen. one, kel, "usa today" today with a bold headline reading "yellen candid fear l fearless." you have more. >> yes, add to it the "economist" endorsing yellen over the fed. i will hold it up. are we going to do it? >> you said that obama won. >> here is "the new york times" which on the front of the business section today is saying that...
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kelly evans here to talk about more what we can expect. >> i figured we'd give people the cliff notes. -- version. the federal reserve today will end its two-day meeting, which it began yesterday. we'll have a press conference from bernanke this afternoon. we only get those four times a year. it's because of that that people expect the fed would make a pretty significant announcement today. it's going to go from -- it will taper about $10 billion. now, if you're wondering why, what brought to us this point, you can start with the may time frame, for example. that's when ben bernanke was talking about the need to potentially reduce purchases and said it could happen within a few meetings. a few meetings have now passed, the unemployment rate has now fallen and that goes back to the why. why would the fed start to taper these purchases? there are concerns and there's been research to support this view that perhaps the purchases aren't doing enough to support the economy and perhaps the costs are more than the benefits. there's been research from very federal reserve branches that perhap
kelly evans here to talk about more what we can expect. >> i figured we'd give people the cliff notes. -- version. the federal reserve today will end its two-day meeting, which it began yesterday. we'll have a press conference from bernanke this afternoon. we only get those four times a year. it's because of that that people expect the fed would make a pretty significant announcement today. it's going to go from -- it will taper about $10 billion. now, if you're wondering why, what...
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aim carl quintanilla with kelly evans and david faber. jim cramer is off today.he s&p did
aim carl quintanilla with kelly evans and david faber. jim cramer is off today.he s&p did
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Sep 5, 2013
09/13
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i'm kelly evans with simon hobbs and brian sullivan live from the new york stock exchange.arl, jim, and david, they're all off today. on this morning after the dow's best day in five weeks, here's a look at futures, dow is just barely in the green. the implied open for the s&p is to add a couple of points, five higher for the nasdaq. we'll see if we can build and turn this into something more of a rally this morning. weekly jobless claimsaling near five-year lows just moments ago and data at adp, 176,000 jobs last month. all of this as you mentioned before the big jobs report comes out tomorrow morning. >>> this is one to watch as it inches ever closely to that 3% mark. question is whether investors are ready for it. >>> bank of england and ecb are stating pat on the key decisions today. plenty more with simon and the close later on. the road map today begins with the jobs data. unemployment up while weekly jobless claims fall again. >> the smartwatch competition has started with both samsung and qualcomm unveiling their first wearable devices. we will have both on the show
i'm kelly evans with simon hobbs and brian sullivan live from the new york stock exchange.arl, jim, and david, they're all off today. on this morning after the dow's best day in five weeks, here's a look at futures, dow is just barely in the green. the implied open for the s&p is to add a couple of points, five higher for the nasdaq. we'll see if we can build and turn this into something more of a rally this morning. weekly jobless claimsaling near five-year lows just moments ago and data...
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Sep 30, 2013
09/13
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. >> kelly evans is here. she can do her report before p.m.i.two minutes. >> i would never mess with p.m.i. it is actually to the point david was talking about with some of the stuff happening on the sequester front. the political rhetoric about the deficit as we head toward the shutdown seems to have disappeared almost as quickly as the deficit itself. here is a look. the back drop, projecting u.s. budget deficit to fall by 2% by fiscal 2015. 2% of gdp, largely because of the economic recovery. it rewidening as we get 10, 20 years out. the sequester is harming and not helping those longer term projections. it is increasing unemployment in those areas interested in growth while not doing anything necessarily to curb entitlements. the biggest risk to the deficit an the debt load are those entitlement programs and any recession, any renewed weakening in growth. t the longer the government shutdown lasts, is as much a risk to our longer term budget, if you want to call it profile as potentially what's happening on the o he ba obama front. the defic
. >> kelly evans is here. she can do her report before p.m.i.two minutes. >> i would never mess with p.m.i. it is actually to the point david was talking about with some of the stuff happening on the sequester front. the political rhetoric about the deficit as we head toward the shutdown seems to have disappeared almost as quickly as the deficit itself. here is a look. the back drop, projecting u.s. budget deficit to fall by 2% by fiscal 2015. 2% of gdp, largely because of the...