Jan 14, 2013|
The First Look - Janet Freund, Bloomberg News
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
Welcome back into the financial exchanged -- -- -- filling in for -- Armstrong alongside. June night and we are joined now by Janet throwing from Bloomberg News and Janet how are you this morning. Don't pretty well made it made it through the weekend great weekend of football actually so. It's like I guess it's good to be back on Monday morning. -- forget about the weekend in any case last week or rather this week we do have a number of companies that are going to be reporting earnings it's it's the second week of earnings season. And and what reports are you really going to be focusing on in terms of the ones that you'll most closely watching. Short will be watching. Fairly closely the financial sector with about Goldman and JPMorgan out on Wednesday morning Thursday at Bank of America followed by Morgan Stanley on Friday. That that'll be a focus of -- also let me -- -- elderly married out on Tuesday. Wednesday eBay there's a Intel that there's there's handful of important report about the week. And and and certainly you know the second and third weeks. Of earnings season always tend to be that they're the biggest they're the heavy hitters that you tend to see everyone makes a big deal about alcohol in that for. But Alcoa it's kind of like New Hampshire in terms of where you know voting in primaries. First. It really doesn't mean a whole lot so it'll be interesting to see where things go over the next couple weeks but we did have some news -- Came out today from apple -- this just folks pretty intrigued. In that apple is putting orders for iPhone 5 parts so what exactly do you make news. We'll be watching development of your very closely but at this point there's at least one analyst report out there that this isn't nailed. I've reported on it in indeed a number that's from the analysts. -- share -- shares of apple earlier today fell below the 500 dollar mark in the premarket. They've been pared some of their lot that there are now down they're now down to about -- -- Universe that I didn't put aside money. That'll be interesting to -- Apple's. Comments regarding these these orders and any analyst report out that. Add color -- it. -- it'll be really interesting to see if they may -- have finally reached that saturation point. With the iPhone at least in the markets to -- already heavily into obviously ongoing negotiations in China with China Mobile. So keep an eye on those but we also -- news this morning out of the Chicago fed the leader of the Chicago fed. Came out and say that expectations for growth this year and 2013. -- 2.5 percent for GDP growth. And into when -- 143. Point 5% so is there anything of note inside this announcement or is it pretty much what we were expecting. It's about what we. We are expecting I would point out to comment that in in those in in mr. Evans common and that would be that the interest rates. Look to stay low until 2015. And also a good indicator that the affected and the QB to repurchase -- Would be -- -- monthly job growth that 200000. For several months. -- Q2 things that I might take away in and look at a little bit harder. Yeah and seeing a consistent job growth above 200000 would be. A very strong sign for the economy we've seen it on a couple months here and there over the last year and a half but it hasn't been. On a month to month basis for three to four months -- the time really so that will be important to look at but. Also some news out of Europe today European leaders came out and they pretty much said that the worst is over for their debt crisis so do you agree with that. For many I think it's a bit too early to say that the worst completely over our let. Look at German Chancellor Angela Merkel commented we can't Rasheed at a bail out for -- -- is still a long way off. That that financial markets in Europe overall aren't showing improvement and I think we're nearing a turning point but it. A state where where there and that it as Hoover. It might be too early. And and obviously. There's still a lot that needs to be unwound their and he did mention that you know it still might be a little early for us to say that the worst is necessarily over there but. You know it is something that I think folks are going to start looking at over the next year so as to whether or not they do wanna start getting back into the European markets the way they previously war. -- -- Also you know coming out this week it was is a pretty quiet week for economic data last week what type of data do we have coming out this week that you're looking at on top of where this economies known. Sure this week. Economic points that will be looking at the PPI tomorrow. With estimates there are calling for that he died down zero point 1% which would be an improvement from November's decline -- down zero point 8%. Consumer Price Index mortgage applications -- you know it's a hot topic lately. That they are some of the items we're looking for the week on how things are on. Seventeen. And and university in Michigan confident which the survey is currently looking for that to be at seventy iBurst. December 72 point 90 and another jump up confidence. All right we'll Janet I appreciate you coming on with us this morning and double checked in with you next week. Thank you to that was Janet throwing from Bloomberg News and coming up we are going to be joined. By Jessica Caldwell she is a senior analyst with Edmunds talking about the big Detroit auto show June I know that you're not have you been looking at any of the any of the cars that we've seen -- kind of early preview. Yeah I have -- -- -- new Corvette I have seen Nucor what do you think well well I'm the court that is my thing. Since I was maybe four years old and I played with my Brothers you know little mini cars -- those are hot wheels -- It's my favorite so yeah that is hot it looks awesome doesn't it off to me it looks awesome made -- a great job with that and I've got some information coming upn nine news at the bottom of the hour about Cadillac. And where they stamina Aldous snow related news -- we'll certainly have to keep in China will talk more about that coming up right after this break on the financial exchange.