The hospital fed chair jay powell told congress more stimulus may be necessary. A moment ago, looking at the dow futures. Up by about 67 or 70 points. S p up by 10. 50 and nasdaq up by 152. 10year at 0. 743 below yesterdays close. We have a huge line up again today. Amazing. Former Economic Advisor to president Obama Joining us about an op ed hes just penned. General motors Ceo Mary Barra with us. Investor Glenn Hutchens and Dallas Mavericks owner and netflix cofounder and ceo of netflix with Important News to share this morning some stocks to watch you might keep an eye on ar call revenue was a little short results would have been better but customers in hard hit areas postponed purchases including hospitality, retail and transportation clients shares of groupon reported a First Quarter loss that wasnt as bad as expected saying it was challenging, people turned to discounts on Warehouse Club members, flour delivery and e learning. I was willing to send some flowers. We waited up late
Year. That was higher than last year. There was a spike in shortterm money rates that weighed on sentiment today. Chinas central bank refused to injex cash into the money markets for a second straight session. Japan, the nikkei was down by almost 2 . The hang seng was off by 1. 3 . And the shanghai composite was off by 1. 25 . Well see if that weighs on market here this morning. Steve, right now, ill send it over to you. Thanks, becky. In corporate news, jpmorgan reportedly nearing a roughly 6 billion settlement to settle claims with Mortgage Backed securities in a run up to the financial crisis. In separate news on the bank, jpmorgans 13 billion mortgage settlement with the government kind up costing the company lows her to 9 billion after taxes. A number of buyout firms, meanwhile, are reportly exploring a deal for all of part of safeway. The name includes cerberus. Activist investors Jana Partners says the Company Shares are undervalued. It held talks about reviewing if strategic ey
Really make it happen. But quarter after quarter the company has been able to deliver with a surprise when it came to sales for pcs which we know are in decline but perhaps not quite as much decline as wed anticipated particularly on the commercial side on notebooks where they choed real strength. That did help the quarter and on the revenue side, printing went fairly well. They did come ahead on revenues and on profit. One of my favorite notes Morgan Stanley saying they are achieving the impossible keeping expectations low while increasing revenue and cutting costs and investing and so forth and cash as well. Well talk a lot about that with meg in a minute. The futures are up a touch which means the s p could post its first threeweek win streak in three months. Meantime, were keeping our eye on the tenyear yield and overnight in asia the nikkei was almost up 3 as the markets liked the manufacturing data out of the u. S. Yesterday. First up, though, ukraines government said a tentative
Three Winning Tickets from wednesdays 448 million jackpot. Whites not sure what hell do with all that money but one thing is certain. Im not going to be one of those people that says im going to keep working because im not working for anybody else anymore. Reporter and the Electrical Contractor has plans for his boss who sat with him. Ron, this morning started my boss. Hes going to end the day as my chauffeur. Reporter after taxes, hell both a little over 58 million. Vinita nair, cbs news, new york. And on the cbs moneywatch, the nations employment picture is brighter, but dim prospects for the backtoschool shopping season. Ashley morrison is in no, with that and more. Good morning, ashley. Good morning to you, alexis. Asias stocks were higher. Hong kongs hang seng was up a fraction while tokyos nikkei was up 9 points. The number of americans applying for Unemployment Benefits hit a sixyear low. Over 600,000 applications were processed in the last four weeks, but more than 4 million am
Dismissed the counter argument by nbc that the Entertainment Division has nothing to do with the news division. The fact is i cannot have companies that are in the business, whether it be nbc entertainment or whoever is making the decisions, i cannot have companies in the business of what i consider to be promotional movies about the life of Hillary Clinton, when at the same time we know that her people are gearing up for a president ial righthand, and then im going to bring those people in to depose the candidates for running for president on the republican side of the aisle . Priebus isnt alone on this. Maureen dowd, even our own chuck todd have conceded his point has some rationality. If you think rationate is what drives priebus and the party, think again. Hes wading into an ideology that hes even warned against, party isolationism. Speaking to andrea tanteros, he endorsed an idea to let the far right control the debates. This is that plan. Charm, what do you think about a talk rad