Im going to start at fixed incomes because that is where we have seen such a dramatic move in reaction to this mornings Economic Data that came in worse than estimates. Retail sales and wholesale inflation. Not to mention a later report that came out on Consumer Sentiment that came out worse than expected. They were as low as one thing for 9 , now it one play 51. 1. 51 percent. If you take it over to stocks we are seeing a little bit of up back from this record close since yesterday for the three major averages. The first time they have reached that milestone on the same day going back to 1999. Has dropped after manically. If you take a look at what has the on the week of in s p 500, kind of sideways action. Even though we didnt have that record close on thursday. Of 1 . F. 10 point one some of the bestperforming stocks that we are watching include nordstrom. Reporting earnings that Beat Estimates and saw strong sales at its rack division. That is after a u. S. Justice Department Repor
Coming through that china is slowing down. The country announce that exports fell by 6. 1 compared to a year ago. Francine meanwhile, imports dropped 14 . Lets cross live to our beijing bureau chief for more. Nick, what is behind a week data and what is it mean for chinese growth . Nick well, the numbers are little bit misleading, especially the import number because Commodity Prices have fallen so much. So this does distort the numbers a little bit. But it is the latest in a long line of dad data for the chinese it of bad data for the chinese economy. Maybe easing in terms of Interest Rate. The big question is going to be what are they going to do about the yuan . Aey said they do not want competitive devaluation, but low export numbers will increase pressure on them to guide it downwards. That is what we will look out for in the days to come. Manus the ongoing debate is speculation that there is going to be more government intervention. Theyve bought more than 9 of the freefloating s
Countdown a warm welcome to a warm welcome to countdown. Most of us think we know stories that could be made into a movie but what are the secrets of successful finance for film. The producer of a new film will be joining us for an interview and our playbook conversation. Intoll give up his insight the realities of getting a great idea onto the big screen. Lets get to our top story, a new era for oil. Opec refused to yield its production and it is having a Ripple Effect across global markets. Asian airlines gained as our prices helped reduce yield cost and most emerging yield costs fell. Some opec states are using the price war to challenge nonmembers especially shale drillers. He caught up with him just after the decision to make output targets. Can you give us your view of the decision and a little bit of a deliberations. Every buddy has responsibilities but it was felt that maintaining the level would apact and would produce reduced decline. And what about venice where the argument
Story that were following. Wti falling. You have to go back to may 2010 to see prices like this. The number to watch is 67. 15. Right now, down by about 6 to 69. 32. Well below what weve seen at this point. If it fell down to 67. 15 that would be the lowest price since september 2009. The cartel deciding against cutting prices. First, check out some of the fallout to this route in oil prices. Youll see exxon, chevron, bp all trading sharply lower this morning. Bp down by more than 6 . The Global Equity market taking note of this dramatic fall in oil. Lty at this point, dow futures would open by 35 points, s p down by 4 points and nasdaq is up by just over 5 points. In asia within up by 2. 3 . Shanghai composite closing up by 2 . Hang seng is relatively flat. Trade in europe, maybe some of the oil taking its toll there, as well. The cac down by more than 0. 5 . The ftse in london down by 0. 7 . Steve sedgwick is standing by in london. He is just back from that opec meeting. Steve, this
Regular width, not shrunk down. Live in san Jose Christian hartnett, kpix 5. The city hasnt responded on how long this temporary fence will be in place. It was called in as a freeway race. Reports of two high end sports cars speeding up 101. It ended with one of the drivers veering off into San Francisco bay. This happened about noon just south of candlestick point. That orange nissan there wound up halfway in the water after it was pulled out you can see the damage to the back of the car crushed part of the roof, too. A White Aston Martin pulled over on the side of the road. The drivers deny they were racing. The one in the water had minor injuries. New at 5 00 the family of a 9yearold boy stabbed to death in his sleep is speaking out. Our da lin with what they say they wont change in the wake of this tragedy. Da. Reporter thats right, liz. The victims family says they couldnt have gone through the last five days without the support and prayers from the community. They say even though