News. Uk had its best manufacturing numbers in three years but the Ukraine Tensions remain as well. Our road map begins with the markets right now futures edging higher as the nasdaq looks to bounce back from the worst threeday drop in over two years. Will i turn around . Citigroup agreeing to pay over a billion dollars to settle claims dating back to the financial crisis in 2008 but thats not the only tough news for the companys stock. Well explain in a moment . Another rough quarter for samsung, operating profit falling over 4 this year. Does the tech giant have some reason to smile . Its coming in a box this week. Well talk about that in a few minutes. First up, what will it take to end the stock markets losing streak. The nasdaq suffering another big drop closing at a two month low and down more than 6 from their recent highs hit a month ago. The dow and s p posting their worst threeday losing streaks since late january. Jim, yesterday on this show you said you would not be afraid
Thanks very much. I want to thank the joint center again for inviting me, and i want to i dont want to lose sight of the fact that professor cashins written an extremely valuable and important book, and i, you know, i agree with her bottom line even though i disagree, as you all have seen, with a lot of the reasoning and premises of it. Let me just end by reading a list that i made. You know, years ago. This was in the context of immigration. And, you know, a lot of discussion about immigration and assimilation, and, you know, what does i a simulation mean. Assimilation mean. Are we really expecting people to eat the same foods and listen to the same music, and the answer is, no, thats not what we mean. But we do have certain irreducible, i think, minimum of values that we expect all americans to share. And i think that this is true not only of immigrants, but of people who have been here for general races, whatever their skin generations. Whatever their skin color. Heres my top ten li
Rules. And bazooka, remember the company that makes gum . It is looking to stay fresh in the candy business. All that and more over the next hour. But first, carol massar. The push to the cloud seems to be paying off. The thirdquarter net income was . 68 a share. The average estimate was . 63 in profit sales. 20. 4 million. Missing analyst estimates roughly for the Second Quarter will be breaking even the three cents a share. Analysts predicted a nickel a share. Amazon rose during its first quarter, limiting profit to . 23 a share on sales of 20 billion in line with analyst estimates. Back over to you. Lets learn more about amazon. Com. Jon erlichman is in los angeles. We also have the cofounder and chairman of media morph. And with details on the amazon tax, we have a researcher who is finance professor at ohio state university. He joins us from columbus, ohio. Jon erlichman, what went on in terms of the details of amazons business . We know that they have been willing to sacrifice sh
Took him to countdown. I am manus cranny. I am anna edwards. Bloomberg reporters are standing by across the world ready to deliver the stories that will drive your day. In mumbai, the votes are counted in the worlds biggest election. Jonathan ferro is following Credit Suisses potential deal with u. S. Tax authorities. Hans nichols is in berlin with details on key votes for the swiss. Zeb eckerte on is in hong kong as japan debates beefing up its military. Later, they are crafted with the most precise workmanship. These are not the most expensive pair of glasses you will ever buy. How one startup is trying to up and the business of highend eyewear. It is vote counting day in india. The election was the Worlds Largest taking place over more than a month. Nine rounds of voting. 551 million votes were cast. Joining us for more on the latest is sent hundred. What parties are leading . Looks like heodi is ahead in the polls in the moment. It definitely seems like that. Like you were pointing
Something like that, helping the economy. Jobs, what was it . Today, of course, those minutes were forgotten and the dow soared 109 points, s p climbed. 81 . Nasdaq surged. Typical of what happens every single time with these minutes, and it is driving me crazy especially after the dow closed above 16,000, and so many people have been left behind by this unabashed bull market. So im steamed. And tonight, im venting. I think theres a tremendous failure of imagination out there when it comes to the process of making money. So many people do a remarkable amount of obfuscation. They do little detective work that can lead to solid conclusions that, yes, indeed, can make you money. In some ways, this whole market can be explained by Edgar Allen Poes masterpiece, the purloined letter, and additionally his singular beautiful tales of the detective stories. First, lets deal with the purloined letter factor. The Federal Reserve has been trying to figure out how to get this economy moving. It iss