Beyond their control like the economy and the fiscal cliff . I think overall it was more probably 70 to 80 factors beyond the retailers control. I think retailers had creative merchandise but i think the news didnt lead to a feel good factor. In any economy, good or bad, you always have some winners. Who did really well this year . Well, it looks like in terms of who did well so far, Companies Like American Eagle outfitters limited, michael cors, macys tj and i would say costco was also a winner. On the flip side were there retailers that you had high hopes for going into the season but just didnt deliver in the end. Certainly we will see some becoming more promotion al, some of the childrens retailers, whether it was impacted by weather or there was Competitive Price and they did a good job at it, the childrens retailers seemed to have a tougher season this year. Now is the time of year when we shift into gift card sales. What most people dont realize is those sales get counted until
5 45. Theyve been turned on for 15 minutes and it didnt take long for things to quickly tap up into the fat stack up into the foot of the pause. In San Francisco, that stretch of seasoned 280 reopened a couple of hours ahead of schedule. And kpix 5s cate cauguiran shes been standing live by the former construction site all morning long. It seems to be flowing nicely so far. Is that right . Reporter yes, its nice to that we get to give good news to morning commuters and theyll love this sign heading by 6th and brandon this morning. We mentioned that this stretch of 280 was slated to open at 5 00 a. M. But caltrans gave it the okay to open the southbound lanes around 2 00 this morning. It was shut down since thursday night and caltrans crews worked constantly to replace a bridge hinge so that the roadway would be safer in case of an earthquake. The work was so extensive that caltrans shut down about two miles of the highway from king street to pennsylvania avenue. Its been a very challen
Business confidence there down for the first time in five months. Our roadmap begins with the nasdaq looking to turn around a second consecutive slide in biotechs, deterioration in what some of these momentum stocks we say. Cloud storage firm box planning to raise over 250 million in an ipo and list under the ticker box. Reports that manager knew of the gm ignition problems prior to the launch of the cobalt and withheld some vehicle data. First up the nasdaq hoping to rebound the morning after the selloff which saw the index closing at 5 1 2 week lows and biotechs took a hit and tesla and netflix. We talked about it yesterday, and wonder if this is a longerterm dynamic in terms of leadership. I think that gilead comeback yesterday was significant but a lot of the others didnt. You know, were going to be talking about box filing and i look at that offering and i say or drop box, too, i say, these are the kind of companies that are putting a lot of pressure on the rest of the companies.
Now on you can see traffic is really backed up through there. Give yourself some extra time. And if youre working your way along 80 this morning. So far were not seeing too many brake lights westbound 80 just a little sluggish as you work your way to the bay bridge toll plaza. Thats a look at the morning drive. Heres lawrence with weather. Good to see you again. Some sunshine for you today and going to see plenty of that the next few days ad a heat wave as a heat wave kicking into gore. Along the coastline even some 70s there. 70s and 80s inside the bay and getting near 90 degrees in some of the interior valleys. How about this . A live shot for you this morning. Sunnyside up today. Were working on a Beautiful Day ahead although hot in spots. Were beginning out cool in santa rosa 46 degrees. 48 in livermore and 55 in San Francisco. This afternoon, though, about 88 degrees in concord. 86 in san jose. About 75 degrees in San Francisco. And napa valley checking in at 87 degrees. Well talk
One week from today. And the number one issue on the minds of voters is the economy. That tells you that Many Americans dont feel financially secure several years into a sluggish economic recovery. They are anxious about money. Thats even though both the job and the Housing Markets have recovered a lot of ground. Ill talk about the Housing Market with robert schiller, nobel winner. Ill start with the broader economy and the mood of consumer and businesses. Businesses today we learnt that order for durable goods fell 1. 3 in september. From august, when they declined from the month before. Goods, machinery, cars, airplanes, things built to last for three years this decline is a sign that companies are not feeling confident enough to ramp up their suspending and investment. In a moment im going to talk to an economist who says one of the biggest disappointments in the referry is business investment. He explains why he thinks that will change in the months ahead. Here is the good news. Co