Have received 50 more pay. And the widely anticipated movie 50 shades of grey hitting the silver screen. Already breaking Box Office Records in europe. Could have a big valentines day weekend. Universal is part of the comcast family. In the meantime lets go to michelle with a check on the markets at this hour. Yeah lets take a look at the u. S. Futures following yesterdays 100 point gain on the dow and the nasdaq at a 15 year high. Strength in europe feeding into the u. S. The numbers suggest the dow would open higher by 33 points we want to bring your attention to the european markets. Theyre on track to end this volatile week on seven year highs. The german dax crossing the 11,000 mark after germany gdp numbers came in higher than expected. Greece however weaker than expected. Well talk more about that later. Shares of conagra tanking citing a strong dollar and weak sales. They are also appointing former chief Sean Connolly as the new ceo ceo. Kraft is switching up the ranks. Its cfo
Early as today. Made of steel. They jump to the top despite a warning that profits will be lower in 2015. It falls to the bottom of the market as strike actions weigh on earnings. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. We had italian data which is at 0 and nearly number decline of minus. 4 . We have the euro at 1. 1427. It did rise earlier in trade. We had earlier data elsewhere. We had a meager. 1 growth in the Fourth Quarter but strong domestic demand in germany. Saw it beat expectations of. 7 . A particularly strong read given it has been under pressure. We get the First Reading from greece and the euro zone as a whole. Lets get immediate action. The italian number weve had in the last minute. Christian and mark are with us. Good morning to you. Ill start with you on this data. We got at a point in the euro zone for markets where good news is, indeed good news for what investors are expecting given that quantitative easing has already be
Euro strengthening after reaching a low around midnight. Stock futures edging higher despite mixed Economic Data in the u. S. The Federal Reserves seal of approval banks struggle to pass the stress test shares of citi and Morgan Stanley rise. Bank of america and others lose ground. The first cut is the deepest, box and shake shack releasing first Quarterly Results since ipos and the reaction on the stock is not pretty. Stock futures higher despite a surprise drop in retail sales down. 6 in february due to bad weather in parts of the country. Strip out auto sales fell. 1 . Claims fell more than expected last week down 36,000 to 289,000. We knew autos were going to be weak, and they were. Yeah. Februarys a weak month in our country, which is so funny because we are so used to thinking about one number, the employment number that we got. Everything else was just punk. The weathers very very important but a remainor to those saying like Richard Fisher departing the fed, its important that
And the nasdaq is up by nearly 31 . By the way, if those numbers arent big enough for you, check out how far stocks have come from their march 2009 lows. The dow over that time period gaining nearly 145 , the s p 165 , and the nasdaq nearly 213 . Yeah. March 2009 lows, what a long way weve come. As you take a look at futures this morning, theyre flatlining at this point, probably unsure what to do after yesterdays big gains. As for the rates with the tenyear, at this point the tenyear is yielding 2. 782 , so below 2. 8 , but its been rising and rising on the expectation that the fed is going to have to start tapering at some point, and that will eventually lead to higher Interest Rates. The obama rallys in full force. 2009. What happened in 2008 . The election. Yeah, thats right. Here we are, baby. Rich people are getting richer, though. Thats the only problem. I know thats your new problem. Heres my two anecdotes. Yesterday, over at the gym trying to, you know, get rid of whats the na
Likely added 193,000 private jobs last month. And then the Big Government jobs report out on friday. Sara, thanks. In Corporate News, a number of legal headlines out of the Financial Sector this morning, jpmorgan agreeing to pay 614 million in the mortgage fraud case. The late nest a string of legal claims against the bank. As part of the settlement, jpm admitted it defrauded federal agencies by underwriting mortgage loans. At issue, thousands of insured loans that were not eligible for insurance by the fha or department of veteran affairs. Morgan stanley will pay 1. 25 billion to resolve the mortgage lawsuit. Morgan will add 150 million to its legal reserve as a result of the settlement. And a new judge priding over the bank of americas proposed 8. 5 million settlement has postponed entering a final judgment in the case. The decision raises the possibility of additional rel maneuvers. The judge agreed this wouldnt take effect until at least february 19th. Andrew, what was the total of