What's Up On Wall Street - Suzanne O'Halloran, Financial Markets Reporter

June we've got a busy hour for everybody here and be joined by Suzanne -- hollering and we're gonna have conversations about both gold and China. During this hour so lots to chat about. And we've got a robust -- on the market looks like the Dow's up but it bit. Yeah I'm I'm a little surprised are you yeah and a half dead unemployment report and jobless claims. At a two month high Dow was up 75 points NASDAQ up nineteen S&P up eight. The ten -- US treasury 2.0 33 slight uptick gold is also op now. A little bit of a change in the last fifteen minutes at seven dollars and ninety cents an equals trading up 38 cents to 10308. Very good all right let's go to new York and talked to our financial reporter Suzanne a -- Suzanne -- -- I did eat diet and I'll that we are -- a pretty healthy rally -- Maureen even though -- get that they -- not that I. Would you attributed to prison it was or other economic data that came out that I missed that -- -- pop that. You know -- -- the leaders market and I think what -- -- mean in terms of what we're right now it's -- We in the market with the Hewlett-Packard. That's the army dam break out over 4%. -- actually looked at it from Gartner about. EC. -- -- each peak in marketshare. A Google or about 1% earnings are -- I I think what it matches are focusing on the cheap saying. Industry intact and as. Earnings later today and obsolete to separate at a national. Basically. -- last night and today that they said Granger mean accommodative. And that's the positive for the market. You talk about Dudley the New York fed president. -- athlete here at president bill apparently it each and Syracuse. Prepared remarks be -- it's too early eighty economies that are lit. Picked up at a dot march last Friday upped its daily earnings outlook change grows there hacking in the right direction firing. And then my I and you art and -- are even near speech and basically she said it the same thing. Interest rates -- electric when he fourteen. That every -- because the job market is not a country. Well let me ask you what that -- that's that's try to interpret that because Operation Twist concludes mid June. What we'd additional stimulus look like candidates do they go that far Suzanne can we -- do we have to guess what they eat. Well you and -- acquaintance and Eric we've read these like -- and even add. Went out or at that they Hilo. There is no read and Elliott Ford -- should be other stimulants. Well state cartridge for fourteen and it indicated -- -- -- -- actually it's it is. There was some talk that it economy strong enough where we've got to do it a they're addicts and and that would defend its its stance and read and street he worked on fourteen -- is he. Couple weeks ago that there that and it but it appears. Our -- build up means an ER RK that Angel street for now. Electric fourteen. -- -- That's tough on savers you know you look at those low interest rates and I know we look at and say well home mortgages are cheap they -- that you go lot by house but. It's tough on people who are relying on interest income if they're buying if they'd been lifelong buyers of CDs and savings accounts and money market accounts Suzanne. This is just killed those people. It it -- Alfred after the tanks. Because they -- money as well because they're just aren't getting. -- read a return either so. If -- an investor and you have money in cash app for parents are real problem. And after the -- that come up side by side is the economy. Is not strong enough for a brain knows that from a lot of we economic report. On manufacturer -- if you look at the other factor. That's of their investors looking for that it permits. Any means want to look at some of -- blue chips that he did. You know Suzanne you mentioned that tech is strong. I agree with you technology is strong but if you back out apple they give you say to yourself OK you there's technology companies and then there's apple. Would how strong is the market and how strong is the NASDAQ if you take apple out of the equation. Well that's great -- a couple of -- at Apple's been carrying. Instant in the aspect this year represents what an idiot and he I'm more for the assets like hundred. Outlook deeper into the market out cord apple has. It's front has them in the broader market a couple of other stocks that are really mean lob I imports ample. They -- member -- You record high. Starbucks. In the gallery and that's a record for that company and apparently and yesterday they're just getting in China. And not gonna eat their -- -- for the next couple. And they haven't gotten or if they haven't gotten to midfield so imagine -- sales of -- Yeah -- my mother to be a little research and see. According to the met up at the minute you land what is important that he has that. -- mean they're bankrupt and me and met Hillary there it in better parent talking to both parents. Are. Well. Or Dunkin' Donuts in them I think actually I think I think -- -- where they're -- -- and that -- -- not. Yeah the great we need one right now is you know that's like effort and that it will hit. Us and thank. All right let it to let's talk about mobile phones you know I agree I'd own an iPhone now for a few years I was kind of thought that. Iphones were the top selling phone in the world but they're not are they. In their actual body -- and it up front -- actually get an eye on and get by dry. Motorola. Enjoy it and Rick -- every body is because it was forgy an announcement from -- -- -- -- which was the act with. Yet fun it is on. I that's also important for Google are coming out later today because it makes me -- murderer. Ability. Four at the patents. For some of the things that run all the applications donny's. It's it was it necessarily elected it's -- hardware. And it is the next. Wrote apps for the -- well so. Investors later it will be injured sitting here Green light. ET Al a different company. After that he'll hurt as such adding yet. What about a Samsung did you look at the Samsung going to Vodafone. Am I eating because I -- really looking for. I wanted to -- -- -- keyboard because that. Blackberry. I'm sick and am a lot to like an -- part of the outlook for Research in Motion and because the other Detroit and -- -- is he here is. They're better. Connection to Internet. And you actually. Aren't. So I was actually I went -- I and -- guy. Talk to enemy it's hot it and it. Get I'm and that her I had been in New York. And I and perhaps it is acting teachers act something up very cute. That people look at fund is at an -- get things about app. Aren't I'm thinking about the Samsung actually -- I looked at at my -- a buddy of mine has a Samsung in the screen on it was really big and -- bad vision so. You know if you're artists if -- if you've got bad eyesight that this size of your screen is very important the apple screen is not really. You can you can make it a little bit bigger with a -- -- at the same that's not the same might I think I'm go to the Samsung next thing. We're there yet and it tries to -- it yet and yet it shook out so -- -- They're just really struggling and and actually. According to analysts probably. Is overtaking is he as the top. Seller for the first iMac are. Now and perhaps sleet is mentioned there -- We think the energy sector are their earnings reports going to be this quarter he talked about technology think that's going to be strong. The consensus on hearing on financials that financials are gonna be week what are you hearing on energy. Well yeah I can't I ain't. We'll pick you apart after the that's a little bit earlier in and we take part in on Friday and lots are Q thank you reminders about in the -- and the financial thinking and the view is that. Street has been very float -- And the first -- -- -- earnings that'll be really see consumer lending reforms because -- Learn it are seen them on time and the bank are anymore so. -- -- banks are very healthy. So be it be mandatory with Bank of America which supports next week so I think that's certainly different animal. Fill in terms of -- -- a back seat and actually pretty well it because oil prices has been over a hundred dollars a barrel on that -- the oil companies. It to -- And we have oil riches. A little bit -- today and they oddities that. It. Mean I'm it. And intimately. -- now A days go hire those detentions get the higher the price of oil those are itself. Trade -- really level means a lot of strokes that's what senator I'd seen. -- to hire more necessarily and that's why it's. Right all right we'll Suzanne we got to run thanks -- time. That's is in a power and joining us from the -- terror from New York giving us an update on the markets in the economic data breaking.