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i'm mandy drury here with tim seymour, and you can catch us again next friday.ocal but trade global. have a great weekend, everybody. >>> next on the "celebrity apprentice," the final two will be revealed. >> it is for the whole enchilada. >> and get my agent on the phone. >> the "celebrity apprentice" next on cnbc. it's like, ah, it's part of me. it's me again. now that i'm retiring they all have plans for me. i'm excited. what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. ally bank. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. [ man announcing ] what we created here. what we achieved here. what we learned here. and what we pioneered here.
i'm mandy drury here with tim seymour, and you can catch us again next friday.ocal but trade global. have a great weekend, everybody. >>> next on the "celebrity apprentice," the final two will be revealed. >> it is for the whole enchilada. >> and get my agent on the phone. >> the "celebrity apprentice" next on cnbc. it's like, ah, it's part of me. it's me again. now that i'm retiring they all have plans for me. i'm excited. what ? customers didn't...
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May 16, 2012
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. >>> just days before going public, cnbc's mandy drury is here with what's moving your money. >> nowlion that's up from 337 million obviously to take -- yesterday they raised the expected price range for the stock as well. and if all the shares being offered are sold at the high end of the expected price range, the ipo could raise more than $18.4 billion which would value facebook overall at more than $100 billion. however, here's a troubling sign for you, major advertiser, gm, general motors is going to stop advertising on facebook because it says that paid ads on the site have little influence on consumers confidence. you have to consider that executives are out there and have spent the last two weeks trying to convince investors that it's ad business does make it worthy of that sky high valuation. >> cnbc's mandy drury. thank you. consider these jobs that didn't even exist ten years ago. this is a list put out by forbes. you could be an app developer for smart phones, a market research data miner, who makes sense of computer patterns, an educational or admissions consultant. a chi
. >>> just days before going public, cnbc's mandy drury is here with what's moving your money. >> nowlion that's up from 337 million obviously to take -- yesterday they raised the expected price range for the stock as well. and if all the shares being offered are sold at the high end of the expected price range, the ipo could raise more than $18.4 billion which would value facebook overall at more than $100 billion. however, here's a troubling sign for you, major advertiser, gm,...
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May 21, 2012
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mandy drury here with what's moving your money. ook is sharply lower after going public last friday. mandy, what's going on here? >> they opened below their $38 issue price this morning. the stock fell up to 13%. but who is really to blame for the view that, let's be honest, fell flat on friday. the debut was marred by that big delay in opening on the nasdaq. that's going to be looked into by the s.e.c. as it fell on friday towards that $38 mark, shares were purchased on the open market. it could eventually result in financial restitution for investors who did not get shares at their desired price. and by the way, ob saturday, mark zuckerberg married his girlfriend, priscilla chan. that's a nice little $19 million ring on her hand. >> was that done on purpose to protect his money? >> i think some of the legal people behind the scenes are saying this was a wise move, as long as they had a prenuptial agreement. when you have that much money at stake, i think it's a wise move. >> i'd marry the guy. >> i would marry the guy. >> whatever
mandy drury here with what's moving your money. ook is sharply lower after going public last friday. mandy, what's going on here? >> they opened below their $38 issue price this morning. the stock fell up to 13%. but who is really to blame for the view that, let's be honest, fell flat on friday. the debut was marred by that big delay in opening on the nasdaq. that's going to be looked into by the s.e.c. as it fell on friday towards that $38 mark, shares were purchased on the open market....
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May 22, 2012
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mandy drury joins us. >> reporter: sales have been on the up lately.s is thanks to the fact that fast-food drive-throughs really isn't the realm of mcdonald's and kfc anymore. it's going into new territories like coffee, starbucks, convenience stores and even chains such as panera bread. panera is now building them in to 20% to 30% of their new locations. and by the end of the year, they will have drive-throughs offering every item from the panera menu. it's a new craze it seems in terms of drive-through trends. >> mandy drury, thank you. >> you're welcome. >>> this summer, more than 1,600 museums will offer free admission to active duty military personnel and their families. it's called the blue star museums initiatives. the program has doubled in size over the past two years. within the hour, officials announced the 300 new museums for the summer. among them, the american civil war center in richmond, virginia, the new mexico museum of space history, the san francisco children's creativity museum and the world figure skating museum. that was in color
mandy drury joins us. >> reporter: sales have been on the up lately.s is thanks to the fact that fast-food drive-throughs really isn't the realm of mcdonald's and kfc anymore. it's going into new territories like coffee, starbucks, convenience stores and even chains such as panera bread. panera is now building them in to 20% to 30% of their new locations. and by the end of the year, they will have drive-throughs offering every item from the panera menu. it's a new craze it seems in terms...
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May 3, 2012
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mandy drury is here with what's moving your money.n't be serious. >> apparently they are, chris. here is what spirit airlines said in the statement. we don't want any of our customers to wait until they get to the boarding gate to pay for their bag, that delays the boarding process for everybody. they expect the new $100 fee charged for those who wait until they get to the gate is reasonable. you have been warned, spirit airlines currently charges $45 for a carry on bag. as of november 6th if you wait until the boarding gate you have to fork over $100. any bag that needs to fit in the overhead is considered a carry on. if you've got a handbag or small bag under the seat, that is still free. when you think about it, chris, $100 may be more than what some people have actually paid for their ticket. it's quite incredible. >> let's keep this going, you can have drinks with richard branson. >> fancy a drink with him. if you fly in the top class of virgin atlantic flights this month, you get your wish or the closest thing to it. you're goin
mandy drury is here with what's moving your money.n't be serious. >> apparently they are, chris. here is what spirit airlines said in the statement. we don't want any of our customers to wait until they get to the boarding gate to pay for their bag, that delays the boarding process for everybody. they expect the new $100 fee charged for those who wait until they get to the gate is reasonable. you have been warned, spirit airlines currently charges $45 for a carry on bag. as of november...
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May 7, 2012
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cnbc's mandy drury here with what's moving your money. mandy, that's -- here's the thing.st the united states. how is it doing globally? >> you know, craig, it's earned now cumulatively worldwide grosses of nearly $642 million in just 12 days. it opened, you know, in overseas markets april 25th. it is also surpassing the previous north american record which was set by none other than "harry potter" which earned just over $169 million when it opened in theaters domestically last summer. it's also a real stamp of validation, a vindication essentially on disney's $4 billion acquisition of marvel entertainment back in 2009 and might go a long way to soften the blow of that recent thud. remember that -- >> john carter. >> you hit the money there. >> oh, yes. >> and amazingly enough it was also about $30 million more expensive to make than the avengers so this is essentially a win. >> all right. did you see it? >> i didn't. i'm sorry. i actually saw "the pirates" instead which was excellent by the way. >> cnbc's mandy drury with that report and a movie recommendation for you as
cnbc's mandy drury here with what's moving your money. mandy, that's -- here's the thing.st the united states. how is it doing globally? >> you know, craig, it's earned now cumulatively worldwide grosses of nearly $642 million in just 12 days. it opened, you know, in overseas markets april 25th. it is also surpassing the previous north american record which was set by none other than "harry potter" which earned just over $169 million when it opened in theaters domestically last...
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May 8, 2012
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cnbc's mandy drury is here now with what's moving your money and details of a new study as well.keaway here? >> researchers at washington university in st. louis have found that people who live more than ten miles from their work are more likely to have high blood pressure than people with shorter commutes. and if you commute more than 15 miles each way, you're much more likely to be obese. basically it's kind of intuitive. you're not finding enough time for daily activity. also a 2011 study, craig, by swedish researchers found that people who had long commutes were more likely to divorce, to experience neck pain and also loneliness. >> so pretty much staying in your car for long period of times is bad for you. >> yes, bottom line. >> maybe this will reduce stress for folks. gas prices down for the fifth weekend in a row. >> that's the good news. the current average for a gallon of regular is $3.76. gasoline prices falling for the fifth consecutive week as fears have kind of eased. a month ago, sitting at $3.93 when all the fears about $4 and even $5 were rife. a year ago, we wer
cnbc's mandy drury is here now with what's moving your money and details of a new study as well.keaway here? >> researchers at washington university in st. louis have found that people who live more than ten miles from their work are more likely to have high blood pressure than people with shorter commutes. and if you commute more than 15 miles each way, you're much more likely to be obese. basically it's kind of intuitive. you're not finding enough time for daily activity. also a 2011...
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cnbc's mandy drury is at the new york stock exchange. good morning. >> good morning, savannah. it has been a negative month for u.s. and global stocks as the s&p 500 index has lost 6% for the month of may. we're getting lots of jobs data today. and that serves as a warm-up for the all-important payrolls number today. we are hoping for mob jobs created in may as opposed to the 115,000 we saw in april. also, oil prices are now at their lowest since october of last year. and gasoline is also getting cheaper. you now pay less than both a month ago and a year ago with the national average of $3.62 per gallon. and a quick update on facebook, it's now sitting at its lowest since the ipo. it started at $38, now sitting at $28.19 as of the close for yesterday. back to you. >> mandy drury, thank you. >>> in illinois, a state lawmaker has apparently had enough of the way things work in the state legislature. republican representative mike bach lost his cool over a bill that came to the house floor before lawmakers could even read it. >> not the american way! these [ bleep ] bills [ bleep
cnbc's mandy drury is at the new york stock exchange. good morning. >> good morning, savannah. it has been a negative month for u.s. and global stocks as the s&p 500 index has lost 6% for the month of may. we're getting lots of jobs data today. and that serves as a warm-up for the all-important payrolls number today. we are hoping for mob jobs created in may as opposed to the 115,000 we saw in april. also, oil prices are now at their lowest since october of last year. and gasoline is...
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we go to mandy drury and if there are any winners in the month of may. take it away. >> there were certainly some winners but let's get to what they are exactly. you are really right here. it has been a messy month. it was a sell in may and go away. if you look at history, it's earned that for a reason. it does not mean, however, that every sector was down. we did some digging to find the best gainers over the past month. let's be honest, they weren't spectacular but we found couple of positives. we had the s&p over the course of may up to 6.6%. utilities kind of disappointed you. it was going to be mar januagin higher. as for the losers, there are losers. the s&p energy sector down by nearly 11% over the course of the month. crude oil itself, however, was down a whole lot more than that. over 17%. when you think about it that way, in fact, wti crude from its peak and if you look at it that way, the sector actually outperformed the underlying crude oil. s&p financials have had a tough month. down 9% over the course of may and have obviously had a lot of
we go to mandy drury and if there are any winners in the month of may. take it away. >> there were certainly some winners but let's get to what they are exactly. you are really right here. it has been a messy month. it was a sell in may and go away. if you look at history, it's earned that for a reason. it does not mean, however, that every sector was down. we did some digging to find the best gainers over the past month. let's be honest, they weren't spectacular but we found couple of...
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May 10, 2012
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cnbc's mandy drury is here with what's moving your money. the past decade to how much now? >> you know, from birth to age 17 you're going to have to spend $227,000 for food, shelter and various other expenses necessary to raise that child. it could be $287,000 when you factor in projected inflation. new york city the bill does not include anything related to pregnancy and delivery or, of course, the very big cost of college. the average cost of four-year college in-state residents, tuition, fees, room and board, that climbed 6% for the most recent academic year averaging over $17,000. you know, richard, there are all the extras. according to international nanny association nancy who live outside your home can cost more than $3,000 a month for fulltime care. as an employer you have to pay social security taxes. when we say $227,000, it's really just the basics. it really does make you think twice about having more kids. >> mandy, you're a mom. you know it's worth every penny. >> it is worth every penny. >> thank you so much. >> thank you. >>
cnbc's mandy drury is here with what's moving your money. the past decade to how much now? >> you know, from birth to age 17 you're going to have to spend $227,000 for food, shelter and various other expenses necessary to raise that child. it could be $287,000 when you factor in projected inflation. new york city the bill does not include anything related to pregnancy and delivery or, of course, the very big cost of college. the average cost of four-year college in-state residents,...
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May 2, 2012
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cnbc's mandy drury is at the new york stock exchange with what we can expect today. mandy, good morning. >> good morning to you, natalie. you're absolutely right. the dow is now sitting around a four-year high. thanks to better than expected manufacturing data which has helped to ease some of the recent jitters about the economic recovery slowing down. but it has also raised the bar for what we can expect on friday in terms of the jobs number. and the ipo we've all been waiting for, facebook. you all use it, now you're going to be able to trade it. the road show is kicking off on monday, which means it should start trading on may 18th. back to you, natalie. >> all right, mandy drury at the new york stock exchange. thank you. >>> after all those false reports that she had already had her baby, now it is official. jessica simpson had a baby girl. the singer turned fashion mogul is now the proud mother of maxwell drew johnson, her first child with fiance and former pro football player eric johnson. the 9 pound 13 ounce baby maxwell with a pink banner on her website sayin
cnbc's mandy drury is at the new york stock exchange with what we can expect today. mandy, good morning. >> good morning to you, natalie. you're absolutely right. the dow is now sitting around a four-year high. thanks to better than expected manufacturing data which has helped to ease some of the recent jitters about the economic recovery slowing down. but it has also raised the bar for what we can expect on friday in terms of the jobs number. and the ipo we've all been waiting for,...
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May 23, 2012
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tom belize, and shawn, and simon hobbes and mandy drury. good to see you, everybody. thank you for joining us. good to have you on the program. how do you want to be allocating money here? we had a huge reversal of fortune, because of the europe headlines, is this all about europe? >> i think the whirl winds are europe focused, because of the fact if greece doesn't need the euro, people are nervous they'll get their dollars devalued. so are very focused. is not that subsides, i think the market will present itself. >> we are still watching facebook, of course, and we want to bring kayla tausche in, because kayla has breaking news on the facebook story with the nyc involved here. >> maria, it appears that the nyse is actively courting facebook for its listing, even though it just listed on the nasdaq less than a week ago. of course we're all familiar with the glitches that have happened there. as far as the source familiar with the situation telling cnbc that there has been communication both on e-mail and phone, and that facebook has been receptive, at least to commun
tom belize, and shawn, and simon hobbes and mandy drury. good to see you, everybody. thank you for joining us. good to have you on the program. how do you want to be allocating money here? we had a huge reversal of fortune, because of the europe headlines, is this all about europe? >> i think the whirl winds are europe focused, because of the fact if greece doesn't need the euro, people are nervous they'll get their dollars devalued. so are very focused. is not that subsides, i think the...
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May 9, 2012
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mandy drury is here with what's moving your money. the summer. good news. >> reporter: yeah, really, it is good news. it's just in time for summer. the government says conditions are improving. the e.i.a. has slashed their forecast for average gas prices during the summer driving period from april to september. instead of the $3.95 gallon per estimate, it expects prices to average $3.79 during the period. as it happens, the new forecast is exactly the same price the eia said motorists were paying on money. it also said it cut the sum forecast because crude oil prices have fallen and they continue to decline today. >> let me ask you about this sign, another sign of the auto industry coming back. ford is going to boost production? >> reporter: yeah, rising car and truck sales have prompted ford to add a week of production at 13 northern american factories to pump out another 40,000 vehicle this is year. most factories have been running at capacity. they're going to cut in half the two-week summer shutdown. things seem to be getting bett
mandy drury is here with what's moving your money. the summer. good news. >> reporter: yeah, really, it is good news. it's just in time for summer. the government says conditions are improving. the e.i.a. has slashed their forecast for average gas prices during the summer driving period from april to september. instead of the $3.95 gallon per estimate, it expects prices to average $3.79 during the period. as it happens, the new forecast is exactly the same price the eia said motorists...
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cnbc's mandy drury is at the new york stock exchange for us. >> good day to you, natalie. markets have wrapped up april with a real whimper but we've got a tally for 401(k)s for the first quarter and fidelity says on average balances grew by 8%. but, what's happened to the american dream? we also got another survey showing that home ownership in the quarter fell to a 15-year low, as more people are tipping over to renting. here's a really interesting story. who thought that airlines and refineries could be a good match? but, we've seen that delta airlines has bought a refinery close to philadelphia. it's being spun off from conoco phillips, to try and cut down its jet fuel bill. back over to you. >> all right. interesting. mandy drury at the new york stock exchange. >>> if you're going to be a party animal, best to do it on the ground. at a music festival in sydney this fan climbed a huge scaffold, only to tumble 60 feet straight down. witnesses say he gave them a thumbs up as he then tried to skulk away. concert organizers tossed him and sent him to a local hospital, wher
cnbc's mandy drury is at the new york stock exchange for us. >> good day to you, natalie. markets have wrapped up april with a real whimper but we've got a tally for 401(k)s for the first quarter and fidelity says on average balances grew by 8%. but, what's happened to the american dream? we also got another survey showing that home ownership in the quarter fell to a 15-year low, as more people are tipping over to renting. here's a really interesting story. who thought that airlines and...
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. >>> now for a check of the markets, cnbc's mandy drury has the latest. big jobs report out today. >> oh, absolutely, natalie. it is all about jobs today. you know the payroll number for april is front and center. where march only created 120,000 jobs, and when you consider that we've lost about 8.8 million jobs in the u.s. city during 18-month recession that ended nearly three years ago, we have a lot of catching up to do. there is another thing that markets will be cautious about today, natalie, and that is the french and greek elections that are happening in europe this weekend. why do we care about that? if politics in europe are in disarray it's going to be harder for them to sort out their finances and that, in turn, in our globalized world does hurt our markets down the line. so lots of things to consider today. back to you. >> mandy drury at the new york stock exchange, thank you. >>> amazing images today as a massive sinkhole threatens to swallow a florida home. the hole is 100 feet wide and 50 feet deep and forced the family to evacuate their ho
. >>> now for a check of the markets, cnbc's mandy drury has the latest. big jobs report out today. >> oh, absolutely, natalie. it is all about jobs today. you know the payroll number for april is front and center. where march only created 120,000 jobs, and when you consider that we've lost about 8.8 million jobs in the u.s. city during 18-month recession that ended nearly three years ago, we have a lot of catching up to do. there is another thing that markets will be cautious...
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May 25, 2012
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mandy drury, hard to believe gas prices are down from a year ago. >> it is hard to believe, chris, nationallyy are down 14 cents from a year ago but catch this, if you're in california prices are up 21 cents from a year ago. doesn't seem fair, does it, that is the highest on record for memorial day weekend. talking of which, triple a predicts millions of americans will travel, an increase of 1.2% or 500,000 travellers. >>> this headline caught our attention, ibm is actually banning its workers from using siri, on the iphone. >> this is kind of interesting and i wouldn't be surprised if other companies do the same. the reason why ibm doesn't want siri is that essentially ships everything you say to a big data center in maiden, north carolina. all those siri launched searches, e-mails, inappropriate jokes are being stored somewhere along with all the other stuff that siri collects like personal stuff, names of people and their personal details from your address book. how long does apple store all that tough and who gets to look at that? that we don't know as apple has not said. >> thank you so
mandy drury, hard to believe gas prices are down from a year ago. >> it is hard to believe, chris, nationallyy are down 14 cents from a year ago but catch this, if you're in california prices are up 21 cents from a year ago. doesn't seem fair, does it, that is the highest on record for memorial day weekend. talking of which, triple a predicts millions of americans will travel, an increase of 1.2% or 500,000 travellers. >>> this headline caught our attention, ibm is actually...
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May 17, 2012
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cnbc's mandy drury is sneer you know, the reaction has been quite angry in some cases.f these comments. for example, let me give you a couple. geek go oh, great, verizon. thanks for break your promise that i could use however much data i wanted. worst company ever. gary says verizon, long time verizon customer here, but if you take away my unlimited data -- >> they had tiered pricing and dropped the unlimited plan for new buyers. but now it's expanding its generation of its wireless network and customers wanted to upgrade their phones from the current 3g plan to sign up for the 4g will be required to sign on the new data share plan. >> let's talk shoes, skechers the issue company. they're accused of false advertising. now they're going to have to pay up. >> yeah, the ftc, the federal 2r5id commission just announced yed skechers did agree to pay $40 million to settle charges that it deceived consumers by, quote, making unfounded claims that shape-ups would help people lose their weight. they still stand by their technology. they're saying they couldn't ignore the skpord
cnbc's mandy drury is sneer you know, the reaction has been quite angry in some cases.f these comments. for example, let me give you a couple. geek go oh, great, verizon. thanks for break your promise that i could use however much data i wanted. worst company ever. gary says verizon, long time verizon customer here, but if you take away my unlimited data -- >> they had tiered pricing and dropped the unlimited plan for new buyers. but now it's expanding its generation of its wireless...
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May 24, 2012
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. >> mandy drury, thank you. >>> you may think that the bathroom is probably the dirtiest place at workwould be wrong. there is a study by kimberly-clark. they studied the dirtest surfaces. number five, water button. four, refrigerator door handle. keyboards. microwave door handles. the sink fau sucet handle in th break room. we charge everything else... maybe it's time to recharge the human battery. only the beautyrest recharge sleep system combines the comfort of aircool memory foam layered on top of beautyrest pocketed coils to promote proper sleeping posture all night long. the revolutionary recharge sleep system from beautyrest... it's you, fully charged. [ sneezes ] [ male announcer ] you may be an allergy muddler. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin® because it starts working faster on the first day you take it. zyrtec®. love the air. [ sneezes ] >>> men are buzzing about a new finding in prostate cancer treatment. in a lab study a compound found in beehives stopped early stage prostate cancer by starving the tumors causing them to shri
. >> mandy drury, thank you. >>> you may think that the bathroom is probably the dirtiest place at workwould be wrong. there is a study by kimberly-clark. they studied the dirtest surfaces. number five, water button. four, refrigerator door handle. keyboards. microwave door handles. the sink fau sucet handle in th break room. we charge everything else... maybe it's time to recharge the human battery. only the beautyrest recharge sleep system combines the comfort of aircool memory...
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cnbc's mandy drury is here with what's moving your money.etails. >> you know, chris, it really is not as easy as you might thing to pull your money out and move to another financial institution for whatever reason. that's at least according to consumers' union. and guess what? it's actually become harder. firstly, there may be a fee to close the account. hsbc, pnc, and u.s. bank, they charge a customer $25 to close an account that's been open for fewer than 180 days while bb&t and citi charge you if you close within 90 days. there are those aknow knowing things like switching direct deposit and automatic bill pay. the bank has no incentive whatsoever do all this and it can take you several weeks to make that transition. some people say, forget about it. in fact, they went on a website of the top ten banks and there aren't clear instructions on how you're supposed to close your account. >> a lot of new numbers on the economy. i saw foreclosure numbers, house numbers. how's the market reacting? >> you know it's not been great. we are seeing th
cnbc's mandy drury is here with what's moving your money.etails. >> you know, chris, it really is not as easy as you might thing to pull your money out and move to another financial institution for whatever reason. that's at least according to consumers' union. and guess what? it's actually become harder. firstly, there may be a fee to close the account. hsbc, pnc, and u.s. bank, they charge a customer $25 to close an account that's been open for fewer than 180 days while bb&t and...
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May 15, 2012
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mandy drury is here with what's moving your money. so they go public friday.nzy. >> the new ipo price range, chris, is 34 to 38 a share as opposed to the previous range of 28 to 35 a share. but you know what, here are a few little sobering factoids for you. a facebook poll shows 50% of respondents felt facebook was a passing fad. as to whether it was a good investment, only fwup% said yes. 50% said the company is overvalued. the problem is always moneyization. the ads are part of the way that they make money. as for mark zuckerberg's ability to run a public facebook, only 18%. word is facebook plans to stop taking orders today for its ipo, possibly, you know, that would be two days ahead of schedule as they're swamped with all the orders that are coming in. >> so the clock is ticking. meantime if you have to make that phone call to put in your order, i guess there's a new survey on cell phone service that's not so great. >> right. according to the american customer satisfaction index, customers were generally less satisfied with their major domestic wireless c
mandy drury is here with what's moving your money. so they go public friday.nzy. >> the new ipo price range, chris, is 34 to 38 a share as opposed to the previous range of 28 to 35 a share. but you know what, here are a few little sobering factoids for you. a facebook poll shows 50% of respondents felt facebook was a passing fad. as to whether it was a good investment, only fwup% said yes. 50% said the company is overvalued. the problem is always moneyization. the ads are part of the way...
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i am mandy drury. brian will be along in just a moment's time from sunny california. lucky him. a fat tuesday for your money. the dow is at a four-year high today. full plate of winners to tell you about from food to housing to credit cards and beyond. why are the bulls breaking out? a trifecta of money managers are set to tell us. >>> also, the bond king bill gross is also ready to weigh in on the rally. you might be surprised to find out where he is telling investors to stash their cash. >>> plus, rim. the number one pick in our stock draft down big today as blackberry world is starting. could this be the mother of all comebacks? good question. >>> speaking of comebacks, why stainless steel is so five minutes ago. >>> first, what a rally today. stocks are on the back of a stronger than expected ism report this morning. which basically said manufacturing grew at a faster pace. dow is now at a four-year high. s&p meantime up about 1% with all ten large caps s&p 500 sectors moving to the upside. over on the nasdaq, intel, c gate and the mothership of cnbc, comcast all at new high
i am mandy drury. brian will be along in just a moment's time from sunny california. lucky him. a fat tuesday for your money. the dow is at a four-year high today. full plate of winners to tell you about from food to housing to credit cards and beyond. why are the bulls breaking out? a trifecta of money managers are set to tell us. >>> also, the bond king bill gross is also ready to weigh in on the rally. you might be surprised to find out where he is telling investors to stash their...
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cnbc's mandy drury is here with what's moving your money. what's going on?ris, according to those familiar with this plan, the ceo meg whitman may announce that major layoff, as you say, possibly up to 30,000 workers, with next wednesday's earnings call where she'll also talk about the restructuring plan. china, one of hp's highest gross growth areas, will probably be spared as well as r&d efforts. whitman is trying to reposition the company away from pcs as things like smart phones and tablets are obviously displacing desktop computers. something which could also lead to a decline in revenues for hp by about 4% this year. >> all right. let me ask you quickly about jpmorgan, ceo jamie dimon has been called before the senate banking committee tuesday. what's going to happen there? >> obviously, it's over the bank's recent $2 billion trading losses, that could go up to $3 billion, maybe more. it's ignited a huge political debate as well, chris, over whether or not large u.s. banks like jpmorgan need to be reined in more by regulators. his testimony will follow
cnbc's mandy drury is here with what's moving your money. what's going on?ris, according to those familiar with this plan, the ceo meg whitman may announce that major layoff, as you say, possibly up to 30,000 workers, with next wednesday's earnings call where she'll also talk about the restructuring plan. china, one of hp's highest gross growth areas, will probably be spared as well as r&d efforts. whitman is trying to reposition the company away from pcs as things like smart phones and...
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mandy drury is here with what's moving your money. we have a date finally.his is probably the most anticipated public offering maybe ever. >> yeah. you could possibly say that, chris. you know, the road show for facebook's ipo is scheduled to start on monday, which means the company's shares should therefore begin trading a couple weeks later, which would be may 18th, because road shows typically last about two weeks. yes, the founder and ceo, mark zuckerberg, will reportedly be involved in the road show. people say, well, why ipo? why does it need to? he's got big plans for the future and they need enough capital. >> how does facebook's public offering stack up with other big companies that went public? >> facebook is set to raise at least $5 billion. it will likely be the largest silly continue valley ipo ever, but certainly not the largest u.s. ipo ever and also certainly not the world's biggest ipo. in fact, facebook will only be the 12th largest ipo in american history. so among those, according to "the washington post," that had bigger debuts, at&t, de
mandy drury is here with what's moving your money. we have a date finally.his is probably the most anticipated public offering maybe ever. >> yeah. you could possibly say that, chris. you know, the road show for facebook's ipo is scheduled to start on monday, which means the company's shares should therefore begin trading a couple weeks later, which would be may 18th, because road shows typically last about two weeks. yes, the founder and ceo, mark zuckerberg, will reportedly be involved...
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speaking of companies on the other side of the earth, someone who comes from that area, mandy drury,hat's up on "street signs"? >> lots of things coming up. we've got new insight into the fed's thinking on possibly qe-3 when the fomc minutes are released at the top of the hour. and the big jc penney mess. ceo ron johnson says he's trying to turn the titanic into speedboats. has jcp already hit the iceberg? and we ask forward's marketing chief why they are sticking with their ads following gm's decision to bail. tyler, over to you. >> mandy, thanks very much. now we switch. we ask what are the rich doing with their money. a new study finds that the one-percenters are saving more than a third of their income. robert frank is cnbc's new wealth editor. welcome. and welcome back to cnbc. >> thank you. great to be here. >> good to have you come over to this side of the game. >> i'm excited. >> so the wealthy superrich are not investing in equities the way they might have in the past. what's the implication of that? >> well, this survey found two things. the first is that the wealthy are ho
speaking of companies on the other side of the earth, someone who comes from that area, mandy drury,hat's up on "street signs"? >> lots of things coming up. we've got new insight into the fed's thinking on possibly qe-3 when the fomc minutes are released at the top of the hour. and the big jc penney mess. ceo ron johnson says he's trying to turn the titanic into speedboats. has jcp already hit the iceberg? and we ask forward's marketing chief why they are sticking with their ads...
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over to mandy drury. >> thanks for that.eet signs" at the top of the hour, we're going to run the scenarios for greece and its future in the eurozone and ask a top money manager how you can profit no matter what the outcome. also maybe you don't want to worry about europe. we're going to have the top ten stocks of companies that do most if not all of their business right here in the united states. and which embattled stock is a better buy? facebook or research in motion? we're going to debate that. and the co-founder of myspace, the back to sue and tyler on "power lunch." >> thank you very much. detroit is a lasting symbol of course of the great recession, the near collapse of the auto industry. and at one point 18% unemployment. few years later it's still a stubborn 10.5%, the unemployment rate. but the city is clawing back. part of the resurgence is technology. not kidding. brian shactman is on the streets of detroit to explain. brian. >> you know, tyler, this building's name -- it's kind of a cute symbol, right? but it is
over to mandy drury. >> thanks for that.eet signs" at the top of the hour, we're going to run the scenarios for greece and its future in the eurozone and ask a top money manager how you can profit no matter what the outcome. also maybe you don't want to worry about europe. we're going to have the top ten stocks of companies that do most if not all of their business right here in the united states. and which embattled stock is a better buy? facebook or research in motion? we're going...
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let's go over to mandy drury. >> okay. thanks very much, brian.treet signs" at the top of the hour, we are also going to be all over facebook. the stock is actually up on a generally down day. so the question here is has it bottomed? should you buy? we're going to ask a leading analyst making a very bold call. and with the market down, we debate hopium versus eurosis. should a recovering u.s. economy be driving your money? and we're talking dell with friend of the show abigail doolittle. it was her pick in the cnbc stock drive. find out if she is standing by her call. now it's back to sue and tyler on "power lunch." >> thanks, mandy, very much. i'll take it. i'm looking up at the board at the up volume and down volume. the down volume is slomping the up volume. albeit we're still down 132 points. that is significantly off the lows of the trading session. on the s&p and the nasdaq we're at interesting technical levels. the nasdaq is down 22.64 on the trading session. that's better than it was earlier on. it's down about .75%. watch the 1300-mark on
let's go over to mandy drury. >> okay. thanks very much, brian.treet signs" at the top of the hour, we are also going to be all over facebook. the stock is actually up on a generally down day. so the question here is has it bottomed? should you buy? we're going to ask a leading analyst making a very bold call. and with the market down, we debate hopium versus eurosis. should a recovering u.s. economy be driving your money? and we're talking dell with friend of the show abigail...
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. >> and i'm mandy drury. here are your market stats in a flash. disappointing ism services data pushing stocks lower today. the dow having its worst day since april 23rd. the s&p 500 having its biggest slide since april 13th. back below the 1400-mark. and the nasdaq also seeing its biggest one-day slide since april 13th. before we get to bob and rick, i want to get some breaking news in. scott cohn, what do you have for us? >> we're just learning details of what appears to be now a pharmaceutical theft ring that may spread to multiple states. u.s. attorneys in connecticut, florida and new jersey are announcing arrests. this investigation started with the theft of $80 million from an eli lily pharmaceutical warehouse in connecticut. that happened in 2010. the investigation expanded and now it appears that this extends to multiple states. we're getting details of the indictments being unsealed now in simultaneous news conferences in these three states. in addition to warehouse thefts, there apparently were also truckloads of pharmaceuticals that wer
. >> and i'm mandy drury. here are your market stats in a flash. disappointing ism services data pushing stocks lower today. the dow having its worst day since april 23rd. the s&p 500 having its biggest slide since april 13th. back below the 1400-mark. and the nasdaq also seeing its biggest one-day slide since april 13th. before we get to bob and rick, i want to get some breaking news in. scott cohn, what do you have for us? >> we're just learning details of what appears to be...
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i'm mandy drury. another down day this may. but are we setting up for a june boom? break out the sun block, guys. we are looking for the summer stocks set to sizzle. and say no to the ipo. the facebook debacle bolstering the case for companies to stay private. could this be the new normal for the market? we're going to debate that. and chew on this before you fire up the grill this weekend. pork prices are up and bacon prices are down. we're sinking our teeth into the pork price pinch and relishing this delicious piece of bacon news. and there's a big box office battle brewing. we're going to take a sneak peek at the summer's hottest flicks and the stocks that could also pop. that's all coming up straight ahead. in the meantime, though, let's get to the market stats. an up and down day for stocks has the dow on the verge of a record. only four positive days this month, the fewest the dow has ever had in any one month is five. also despite today's losses the s&p 500 is still on pace for its biggest weekly percentage gain in ten weeks. and the nasdaq is down today, bu
i'm mandy drury. another down day this may. but are we setting up for a june boom? break out the sun block, guys. we are looking for the summer stocks set to sizzle. and say no to the ipo. the facebook debacle bolstering the case for companies to stay private. could this be the new normal for the market? we're going to debate that. and chew on this before you fire up the grill this weekend. pork prices are up and bacon prices are down. we're sinking our teeth into the pork price pinch and...
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andrew ross sorkin and mandy drury are both here.'ll be on assignment. >> i'm going to -- going to be on assignment. >> becky on assignment. >> is that a euphemism for lying on a beach somewhere? >> no. >> getting surgery or something? he left. >> he left? did we upset him? >> i don't know. >> i think we upset him. he speaks in tongue. >> he's chucking his stick. is he going to be throwing phones around the desk and breaking things? now he's sad. >> u.s. equity futures at this hour are indicated up about 60 points on the dow jones. after a rough week last week. rough week the week before that. and then a rough day yesterday. europe doing a little better today, as well. not sure why. >> i was trying to work all that out, as well. because you have, what, like 0% growth for euro gdp. italy contracting more than expected. france growth evaporating. but germany was stronger than expected. and i'm wondering whether that was the linchpin. >>. >> and the stronger dollar is not coming necessarily because of -- >> we have a fight going on here
andrew ross sorkin and mandy drury are both here.'ll be on assignment. >> i'm going to -- going to be on assignment. >> becky on assignment. >> is that a euphemism for lying on a beach somewhere? >> no. >> getting surgery or something? he left. >> he left? did we upset him? >> i don't know. >> i think we upset him. he speaks in tongue. >> he's chucking his stick. is he going to be throwing phones around the desk and breaking things? now he's...
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so mandy drury is joining us.
so mandy drury is joining us.
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cnbc's mandy drury has more. good morning. >> good morning again, natalie. you're absolutely right. fewer jobs than expected were created in april with employers only adding 115,000 workers, well below forecasts of 170,000 jobs and even though the unemployment rate ticked down to 8.is% th 8.1% that was an unhealthy drop as you had fewer people looking for work. stocks are moving to the down side today. there is one potentially supportive factor down the line and that is that investors interpret the data as increasing the likelihood of more stimulus measures from the federal bank, the federal reserve. back to you. >> we'll be watching. mandy drury of cnbc, thanks so much. >>> violence overseas this morning as two coalition soldiers are killed in southern afghanistan today. meantime, in neighboring pakistan a bomb has killed at least 20 people. these attacks come just a day after documents seized in last year's raid on osama bin laden's hideout revealed he was still set on killing americans, putting president obama and general petraeus at the top of his list. >>> defense secretary leo
cnbc's mandy drury has more. good morning. >> good morning again, natalie. you're absolutely right. fewer jobs than expected were created in april with employers only adding 115,000 workers, well below forecasts of 170,000 jobs and even though the unemployment rate ticked down to 8.is% th 8.1% that was an unhealthy drop as you had fewer people looking for work. stocks are moving to the down side today. there is one potentially supportive factor down the line and that is that investors...
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mandy drury at the new york stock exchange. thanks. >>> if you're going to be a party animal, best to do it on the ground. at a music festival in sydney this fan climbed a huge scaffold, only to tumble 60 feet straight down. witnesses say he gave them a thumbs up as he then tried to skulk away. concert organizers tossed him and sent him to a local hospital, where he then discharged himself, and then immediately tried to get right back in to the festival. talk about a die-hard fan. 7:13 right now. let's go back to matt, ann and al. some kind of crazy going on there. >> it's amazing that he's able to walk away. >> they tossed him, and then sent him to a hospital? >> just send him to the hospital. >> i think they -- you're not hurt enough. let's flow you out. >> exactly. >> natalie, thank you so much. >> dude! >> i was going to say how pretty natalie, especially pretty natalie looks today -- >> well, thank you, ann. >> i was going to say, i don't know, al -- >> thank you. >> what about al? look at al this morning. good morning. >>
mandy drury at the new york stock exchange. thanks. >>> if you're going to be a party animal, best to do it on the ground. at a music festival in sydney this fan climbed a huge scaffold, only to tumble 60 feet straight down. witnesses say he gave them a thumbs up as he then tried to skulk away. concert organizers tossed him and sent him to a local hospital, where he then discharged himself, and then immediately tried to get right back in to the festival. talk about a die-hard fan. 7:13...