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Imus in the morning.
-- -- -- Good morning everyone -- about thirty minutes away from getting some new info on the labor market initial jobless claims are expected to show that 355000.
People filed for first time benefits last week.
-- -- let me down from the prior week and we've had eleven straight weeks now.
Under that 400000 -- we'll see if we can keep that going last hour we -- that employers announced plans to lay off nearly 38000.
People in March.
According to outplacement firm challenger gray and Christmas.
At the ten month low -- 27% drop from February tomorrow at the big monthly jobs report from the government and analysts expect that 203000.
We're added to payrolls in March.
Let's take a look at the markets now ahead of those jobless numbers US futures are down.
Dow futures have lost 43 points so far -- -- down by five in the NASDAQ down by four.
Over in Europe the Bank of England held its interest rate at half of 1%.
It hasn't moved on rates in more than three years we also saw factory output in the UK fell sharply.
In February if -- stuck there are also in the red now let's take a closer look at what's moving those markets with market dot com -- economist.
Bill who -- over in London bill where waiting this initial jobless claims number this hour expect to -- they felt slightly last week.
We also have the big monthly jobs report tomorrow where analysts are looking for 203000.
What are people looking for -- this data in terms of the European market.
Well I think that seems to be the consensus my number is 200 and -- thousand but again an unchanged.
Eight point 3% but I think the key thing.
You have to look at is the Mohammad Ali 12 punch from Tuesday and Wednesday first to -- with the Fed reserve all of a sudden.
Ben Bernanke did tell everybody that had not been listening I am the chairman.
And QE3 is probably not -- on the radar screen and then yesterday we had a very sobering effect from the Spanish auction and that told me that.
Greece is not the beginning of the the end it's the end of the beginning and the band -- surgery for Greece.
-- not suffice folk club Mitt.
It's kind of interesting million you -- the Federal Reserve saying there won't be easy because the economies -- -- And that even though that should be good news the market then turned -- what's your take away from that.
Well I think what you have to look at it at a at a what are -- dust off my economics book but if you look at the Poconos law opens law with the unemployment rate -- the slow.
In -- decrease in jobless claims.
Does not show that we have a quote.
Speedy recovery slowly slowly slowly it if you're looking at from an economic standpoint that's basically what -- agreed to bad pub mr.
Bernanke told us.
We are improving.
But let's not get ahead of -- else.
All right bill well it's retail Thursday we're getting some results -- now we've already heard.
From cost well we're hearing from Macy's as well also -- give -- those numbers as they can and meanwhile.
Let's take a look at our markets now US futures are down across the board Dow futures are down by forty board to get it down by five.
And the nasdaq's down by about four points.
Meanwhile JPMorgan Chase CEO Jamie Dimon took home the top spot when he came to pay for a banking had last year.
-- received point three million dollars in compensation according to a filing with the SEC the same thing he got in 2010.
That pay package comes after the bank made a record nineteen billion dollars last year and that helped to pass Bank of America -- the largest lender in the US.
In his annual letter to shareholders released yesterday -- criticize a number of regulations he says could have huge consequences for American competitiveness and growth.
He warned that the cost of credit will climb because of higher capital and liquidity standards and all of us make it more expensive to -- to certain borrowers.
As I touched on its retail Thursday -- getting same store sales numbers in from retailers.
Across the country today we just got in -- and that's stores reporting sales rose seven point 3% in March.
The estimate was for an increase of four point 8% target meanwhile said its monthly numbers rose seven point 3% last month.
Analysts were expecting sales there to rise by five point 4%.
-- sales are up 8% in March the expectation there was for them to be up.
Five point 4%.
Here's a look at commodities now oil and gold -- both up -- them by about 35 cents to around 10102.
Dollars a barrel.
Gold is up by thirteen dollars at 1627.
An ounce coming up this hour Imus is guests of the authors -- Hague.
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