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The First Look - Suzanne O'Halloran, Financial Markets Reporter

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Wed, 16 May 2012|

Suzanne O'Halloran gives us The First Look into the Markets.

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Tags:

  1. oil prices1:54
  2. General Motors5:07, 5:19, 5:59
  3. gasoline prices2:00
  4. labor market3:03
  5. Groundhog Day0:04
  6. S&P0:46
  7. Dow finished0:27
  8. gas pump1:57
  9. Dow futures0:42
  10. GE3:31, 3:56

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Automatically Generated Transcript (may not be 100% accurate)

It's starting to feel a lot like that old movie Groundhog Day. You know -- go to bed at night at 930 and I -- the market futures and their paws at you still sexy I am so tonight it -- -- why why did you. I like his loves it that I like Bloomberg at night. -- -- -- check the market futures at night before go to bed just to see how they're doing and they're positive territory and then at 6:30 in the morning when I get in they're still in positive territory but at the end of the day. The Dow finished down 63 point again it just seems like the last three weeks we've been in this negative. Plug it kind of lines up with the weather and because let's also I know as any since the sun will come out tomorrow according to do some of the whether folks out there but hey. Dow futures erupt right now Barry. Yup the NASDAQ up ten S&P applies. Ten year US treasury up a little bit and one point 80 gold up seventeen -- down 1790 an oil is down 110. Something about housing starts that came out on a half hour ago well it's funny you should mention that number because we are joined by a woman who has a very sunny disposition her name is Suzanne -- -- -- She's a financial news reporter down in new York and she joins us this morning are you doses it. I would Eddie diet has every time -- -- it's -- they need it but that's out there. Numbers that. Well the this starts were good but the permits are bad right Anderson. I can't permit or not bad. And it's it's kind of -- but what. Spoke and IE you're are looking at a higher open. -- -- And out of it have -- -- coming she went. A little bit more -- and it it is mother's fine. US economy. Going in the right action. What about the the number that number early next editor gonna break in about eight minutes that crude oil inventory number this. The good news about this correction is oil prices have plummeted no we haven't really seen it at the gas pump yet but. I've got to believe or receive lower gasoline prices in the next few weeks if oil maintains these low price levels and I believe. The last I looked at oil we heard about 9394 dollars embarrasses. That's right Philly or get inventory report. That will get its act and whether or not there is a I don't always very important that we amber and -- don't forget. What we talked about last week in the dollar and I strained my knees across the board at its oil. We -- the dollar in -- Ebitda as investors liquidity means other -- including all. You it's an -- in Italy and cut out oil well that category out. I mean oil and -- reported Andy one elapsed -- -- effect and it. -- -- -- -- outside of the -- it was at a now last meeting and the weather and I there is third of that -- course that we it's actually. At some type. -- Court and urged their -- in perhaps because of what's happening in the labor market -- that's another -- or teachers. In a -- -- -- -- and it is good corporate and it lets stop attacks the fundamentals. It's. -- -- And that's good corporate news or certainly not talking about JC Penney. -- -- -- -- Not fact yet many at a I have more respect. I'd be an electric. For act they came out the -- in and out that there GE capital equipment they're finance arm. -- generator for the -- it -- is in the payment is Erica. They're kind of I don't what that means that and and it and I can't write in early on the Green light from the that they thought that. -- -- -- -- -- -- -- -- -- -- Figured it will likely be higher because GE parent will be any -- cast -- Our -- apple there are like that is very very very. Would gee he's been kind of in the doldrums -- stock great day it's about an eighteen dollar stock and hasn't done a lot during the last several years. So the dividend right now is three point 6% if they increased the dividend Suzanne how -- they talk and. Well -- at some analysts I didn't expect. Where it. It. They're going to be rough there and that will give them money you read a way to shareholders a lot of Allah or not at any other I believe -- -- and yup I recent. Okay it actually. Even higher of four -- -- -- the -- -- expect the it is that was in an internal review of the company beaten -- capital in the bank and -- -- crisis. So. Not necessarily at the by the act an act -- other certainly -- -- not in the pet and again for an emergency stop. Very very. All right he is kind of a funny announcement coming out of General Motors two days before the IPR firm based. In the -- -- there their budget their big advertising nobody spends as much money on advertising in general. As General Motors and they pull the plug and there are their FaceBook advertising what's up with that. It we will hear -- a Arab and analyzed appetite in the last. They can't argue where they're spending their money and -- -- -- -- -- -- it. -- -- an interesting story yet at the IPO later this week. In particular. In itself is that gonna hurt and apparently a I think it'll take Errol oh erupt -- ninth annually but forestry or. Which covered the tech industry as in other. Corporations. Followed General Motors -- act committed. Potentially. It -- for it but that arose out. They have hair me there were you realized they were getting at that are whether -- -- on it either read all about it as. -- it up and -- fairly -- Match 64 average. You're back in other reason the company that it is still very. And figuring out how to get it. -- dollars -- revenue. The I'm not corporation and averaged I think there is certainly a work in progress they had. It's certainly at the time it is certainly not great but I. All right we'll Suzanne thanks very much for your time we appreciate your joining us today. Very difficult question. -- are not economists out there. Hockey program my brain ballot that was elect. Didn't live there is rumors circulating throughout the office I've been question on it several times. And. And I assure you it was not me if I was getting my money you'd beat anybody but the Austin I don't like them -- and a and a and a high gas in the same things Suzanne in you know -- I said Fossum gave up coughed up five milk and the BC hockey program was that you if and I wouldn't give it to be you either is -- that these -- for bail money you know yeah. -- Our rights -- and thanks a lot late garlic. -- you to do that -- hollering joining us today from New York on the -- to exchange.