That weve seen in currencies pretty much since the financial crisis. Road map this morning, apple debuts as a dow component, set to begin trading as part of the enduring index. Starbucks announcing new venture in china, testing delivery in new york and Ceo Howard Schultz on mad money defending race together. Target set to boost its minimum wages. But first up, the dow and the s p set to open lower, one day after the big fedinduced rally and a drop in the dollar. Intraday currencies some of the biggest percentage moves weve seen since the crisis. Right. These are legendary. You know stuff of when literally seeing the speed of light on trillions of dollars, trillions of currencies are trading, speed of light, very hard to get your hand on. The take this morning is that is a lesson for sort of ripple effects that are going to happen in relatively il liquidity assets as the fed normalizes. Thats why i like Stanley Fischer the vice chairman knows what happened in 97 98 in asia. Janet yellen
New products including the smart watch. Qualcomm puts its stock to work. Several banks upgrade the firm as shares push higher after hours. You know yesterday i told viewers i was going to tell them something. You reminded me before the show began but you love the new music. I do. I welcome the new music. Its uplifting and gets the energy going. We have a big show ahead of us. Wilfred you do a little dance before the music comes on. Its a fist pump. A little fist pump. Whatever it is its great. Well enough on that story. Lets get to our top story, Swiss Banking giant Credit Suisse has replaced the ceo. He cams over after brady steps down after 8 years in the helm. He had been under pressure recently due to a number of legal and regulatory issues and the banks share price which fell around 50 over his ten year. Lets get out to karen who is live with the latest on the story. Good morning, well, brady stepping down is no surprise at all. Thats been a very very long time in the making. Look
Losers on and off the court. Kicking it off with what everyone is talking about. Just a day after the u. S. And the eu imposed sanctions over crimeas vote to leave ukraine. Wagner. A Vladimir Putin launches counterattack. [speaking russian. Crimea needs to be under solitary le sovereignty. I can only be russian sovereignty. The defiant putin marching through golden doors and opulent setting. He spoke before russias political elite and some politicians who had been sanctioned. Reminds me of czarist russia. Many of the world work under the rule that right is right, not international law. They think it is their privilege to decide the fate of the world. And the fates of those who live in the world. Is Vladimir Putin saying russia did not use might when he put 3000 troops on the ground in crimea . Have we violated something . What have we violated . Upper house of the parliament did give the right to. Se armed arms in the crimea it is not as though we brought in troops and arms, they were
Economy this year. The Business Roundtable has a ceo Outlook Index and its higher than its been in 2 years. And more chief executives say they plan to spend more and hire more in the next 6 months. Such enthusiasm was reflected in the performance of the main indexes. Which for the 2nd day were all up. Gold fell to a one week low. Oil gained a 1. 53. In earnings after hours. Oracle fell after reporting earnings fell shy of wall streets expectations. Software sales were up, but lower than hoped for. Adobe was in the green last night after revealing to investors that earnings beat the street. It says demand is up. With honda and gm recalls announced this month, its surprising to note that nearly a third of car owners ignore recalls. That fact comes from the National Transportation safety board. However when fatalities resulted from a recall, as in gms case, the Response Rate goes up. Well the Federal Reserve bank wraps up its two day meeting of the policymaking committee today. Larry shov
And buses are being eroded. Reroute it. Here is a live look from our roof cam, downtown San Francisco is clear and also cold. Here is a bridge out of what the weather should be today. During 8 00 a. M. For schoolwork it will be cold. The temperatures will be in the 40s. We should pressure sulfur that by noon time will see steady warming where temperatures will be in the mid60s. Mid 60s for the bay. By 3 00 p. M. 4 00 p. M. It should be bright and sunny and the temperatures in the low to mid 70s. This is probably the warmest day of the week. That was your day planner, when we come back we will take an extended look at the forecast. And the San Jose Police department is investigating the citys 10th homicide of 2014. On 3 19 14, at approximately 2 49 a. M. , the San Jose Police departments 911 Communications Center received reports of a person down in the area of north 2nd street and east st. John in downtown san jose. Officers responded to the scene and upon arrival they located an unres