Workers would have been paying . In this weeks cover story, adeadty roy on a controversial idea, should government tax the robot . Reporter bill buyer is traveling for work this week. He came back to his hotel room after a run and realized he needed some water. But when he opened the door oh,. Thank you. Reporter he got his water and a surprise, a robot at his door. Buyers just one customers benefiting from the robot but tear, or botler as hes called, at the aloft hotel in cupertino, california. Botler runs deliveries to customers which the general manager says frees up the front desk person to do other things. It makes it easy for the staff, takes up some of the menial tasks. So deliveries, things like that, allows us to have people stay at the desk, stay engaged with the customers. Repor botler costs about 24,000 a year. About 6,000 less than what an average front desk worker makes in a year at the aloft. That doesnt include things like Vacation Time and benefits. And remember, peopl
Europe is pretty weak. Ten year yield 223, now the lowest since mid november and gold came close to 1290. Our road map begins with a eye on the financials. Jpmorgan, wells and citi all reporting better earnings than expected. Plus, the new centrist president and about face from President Trump on several key Economic Policy positions. And apples big health bet. Sources tell cnbc that the company has a secret Group Developing a new glucose monitor to treat diabetes. But first up, earnings season is here with a bang. Jpmorgan and wells fargo and citi group out this morning. Citi earnings and revenue came in well above the estimates. Mortgages though remain a trouble spot. Pretty good in trading. Equity yeah. Very quickly, jpmorgan is pretty much what im going to say pretty much perfect. But the stock was up very big. People are looking at the futures versus the stocks and just hit them down. That is three basis points better. I love the delinquencies here. Theyre, very very good and comm
Environment drives stocks highers, isnt it . Over the average either at or striking distance from the year, dow gaining 18 points, s p advanced. 13, nasdaq inched down, we have to go over what allows us to reach these levels. The backdrop thats conducive to higher prices for the overall market. In short, whats so special about stocks right now that we are at or near or challenging these high s . First, investors like to see low inflation. When you have low inflation, that means the longterm value of stocks, the future earnings streams youre buying are going to be preserved. High inflation erodes that value because it means those future earnings will have less purchasing power. Last friday we gotten a employment number that signalled there is no inflation in the system other than the mandated inflation that comes from higher state and local minimum wages. Tame inflation means that all stocks are worth more so even if you hear that the stock market is expensive, it might not be as expens
Here with more is kellie jacobsmeyer. Tell us about the childrens mission. Our mission is really to help children with heart condition, educationally, emotionally. And we do that because so many are born each year with a heart defect. So its really its really critical that we help raise awareness about the impact that it has on our community. And when you mean serve children what do you do for them . We have a lot of different programs. We have 11 different programs. We do things like provide food in the family rooms at Sunrise Hospital where the surgeries are. We provide backpacks for the we provide for our heart kids, nevada. We provide scholarship money for a couple kids every year, family. That is the number one thing we do. We provide Financial Assistance and a support system. We do special events so that they meet other kids, so the parents meet other parents that can understand what its like to be a parent with a child of a heart condition. My brother was born with a heart condi
Year e had the best week of the year last week. All three major averages are remaining higher even if it is only marginally so in terms of macromedias we did have data sales. The existing home we had a decline for the month that was larger than had been estimated. That is largely because of lean inventory. Not as many houses out there as people want to buy. At the same time however, we have holding permits last week that showed we could see boulders staying busy in the coming months. Existing home sales pulling back a little bit from a high level. Touching a twomonth high. The homebuilders themselves have been doing relatively well doing during the session. It really feels like commodities are what are leading the day. I was talking about it last week that based gold medals continues to be hammered. The longerterm correlation of oil and stock is not necessarily high rate but on an intraday basis but if you see oil reversed during the day, you tended to seek stocks going in a similar di