May 1st 2012 CNBC Stock Market (DOW hits fresh recovery bull market intraday high)
- Length: 2:4
- Views: 4
- Author: brianhockey22
5/1/2012 - CNBC Stock Market (DOW hits fresh recovery bull market intraday high). In this clip the Dow Jones Industrial Average hits a fresh recovery bull market intraday high. This is it's highest intraday level since December of 2007.
May 3rd 2012 CNBC Stock Market Squawk Box (Initial Jobless Claims)
- Length: 7:54
- Views: 1
- Author: brianhockey22
5/3/2012 - CNBC Stock Market Squawk Box (Initial Jobless Claims). Jobless claims fell very convincingly in the April 28 week, down 27000 to a much lower-than-expected level of 365000. The Labor Department reports no distortions in the data. The big decline takes claims back toward the 350000 level that was being tested in March and February. But this is only one week of improvement which is reflected in the four-week average that, despite the big decline, rose slightly in the week to 383500. This level is still tangibly higher than the 360000 levels through March. Continuing claims continue to trend lower, down 53000 in data for the April 21 week to 3.276 million. The unemployment rate for insured workers is unchanged at 2.6 percent. The big headline drop in initial claims offers reassurance that economic growth is secure and it will no doubt be a big plus for today's stock market. Tomorrow the Labor Department will post the monthly jobs report.
April 27th 2012 CNBC Stock Market Squawk Box (Q1 GDP)
- Length: 8:8
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- Author: brianhockey22
4/27/2012 - CNBC Stock Market Squawk Box (Q1 GDP). GDP growth slowed in the first quarter with a drop in government spending being the big negative. The positive was a moderate acceleration in consumer spending. GDP growth eased to 2.2 percent from 3.0 percent in the fourth quarter. The advance estimate came in lower than market expectations for a 2.5 percent gain. However, the component mix showed modest improvement in demand. Final sales of domestic product increased an annualized 1.6 percent in the first quarter after a 1.1 percent rise in the fourth. Final sales to domestic purchasers (excludes net exports) advanced 1.6 percent, following a 1.3 percent gain in the fourth quarter. Strength in the first quarter as mentioned above was largely in PCEs which rose 2.9 percent, following a 2.1 percent rise in the prior quarter. Inventory investment added to growth as did residential investment. Business investment in equipment was positive but less so than in the fourth quarter. Net exports were marginally positive but essentially neutral. On the downside, government purchases fell an annualized 3.0 percent, following a 4.2 percent decline in the fourth quarter. Business investment in structures was notably negative. On a year-ago basis, GDP was up 2.1 percent, compared to 1.6 percent in the fourth quarter. Economy-wide inflation according to the GDP price index picked up to 1.5 percent annualized from 0.9 percent in the fourth quarter. Analysts had called for a 2.1 percent ...
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