Apparently the rise in gasoline prices we have seen in the last couple of weeks may be having an effect. Current conditions fall from 109. 3. Expectations have fallen back as well. The other number as the fed watches is inflation expectations. They have gone up to 2. 8 . They suggest maybe americans experience the ideas of higher prices. It gives them a little more faith we may see prices continue to rise, inflation continue to rise. It brings them closer to trying to raise interest rates. Thank you. It is time to take you to the top business stories from around the world. Matt miller has more. Were looking at an alltime high for the s p 500, breaking through 2090. The dow back above 18,000 for the first time this year. You can see it there. Mastec less than 100 points away from hitting a new record, has not happened since the tech bubble burst. We came back down a little bit. Shares of the maker of candy crush are searching this morning. The company says sales of games other than cand
Its a tale of two stories on wall street. The bulls betting on Morgan Stanley and the bears working to take down the mother of all chipmakers. Good afternoon everybody. Im liz claman. It is the last hour of trading on this friday. Countdown to the closing bell begins right now. Financial biggie Morgan Stanley having its best day in 7 month ts. Jumping 1. 66 in blowout quarter. Revenue smashing estimates. One of wall streets heaviest hitters the guy running the show Morgan Stanley chairman and Ceo James Gorman in the house gearing up for his oneonone interview with charlie gasparino. Thats coming up in just a few minutes. You dont want to miss that one. I dont care who else interviews james gorman, it is charlie. He is the guy you want to hear interview jim gorman. You have intel, the biggest drag on the dow jones. Shares are dropping by nearly 7 . Quite an interesting story here. Q4 earnings per share topped analyst estimates margins improved but investors headed for the exit once inte
We with the First Business network to put them on the air in 2008 but this is the scene just as the stock went public. They tried not to look hysterical but it they were taking pictures. I get it our is quarter was one dash producer was escorted away. As a young life police cleaving they think independently now another Business Network could they figure out how to get out their message . We were right there watching all the action but nicole petallides, in my opinion it is studying how we were treated not a good sign they are ready for the big leagues Steve Mcbride way they should have accepted a nice offer from the fox business we are a leading this is the work week cover things clean and fair and there was no reason to say no. Whether they want to do another network but why some of the fox business id we would have done an excellent job but that being said there was a huge crowd and you could not get in there. Says ceo and the executives in the middle surrounded by traders tuned obvi
I do worry about the work ethic thats kind of developing in this country. Food stamps up from 17 to 47. Social Security Disability 3 to 9. Unlimited unemployment benefits. I dont think that was the work ethic that our Founding Fathers thought about. I hope as we recover a number of things, well reestablish the need and interest in working. For me, as far as this whole sequestration goes, i think we need to differentiate between tax hikes and spending cuts. Last year it was tax heights that plunged into a recession. The fiscal cliff was a big deal. Sequestration is not a big deal, because Government Spending needs to go down. The market knows that. If they suspended it and pushed it off, it would probably be worse for the markets than actually having it go through. Gentlemen, thank you both for being here this morning. Its been wonderful. We appreciate it. Make sure to join us tomorrow. Right now its time for squawk on the street. All right. Good morning. Im david faber along with, yes,