The yield is up after the fed minutes suggest the hawks are a little bit restless and as for europe we continue to watch the death toll in ukraine. The eu does hold an emergency meeting today. It is facebooks largest ever acquisition by far, the social network whying messaging Service Whatsapp and Mark Zuckerberg said the deal came together in ten days and some of the details are beginning to fill in. Closing the deal over chocolatecovered strawberries but a lot of metrics being thrown around, david, 42 a user and questions of how quickly this company can grow. Yeah. Of course, the thought being at 450 million users perhaps they can get to a billion. It is considered a communications platform. It is not about advertising. It is about communications. It is a very Popular Platform in europe. The user interface is said to be very slick. Given that most of the 55 employees that work at this company are engineers. But, carl, you know, there are many people who might want to ven tture its 19
And wendys. All of them reporting before the bell. After the bell, we get gap, monster beverage, salesforce. Com, splunk, and deckers. Lets get over to andrew with more of todays top stories. And andrew, good morning. Good morning, becky. Were watching shares of jcpenney. The stock spiking afterhours. The trouble retailer reported a loss of 68 Cents Per Share for the Fourth Quarter. That was smaller than expected. Revenue also missing, but heres the good news. The retailer is upping its samestore sales and Gross Profit Margin forecast for the year and youll want to keep your eyes on that. Jcp shares are down more than 30 so far this year. Well be talking more about jcpenney with dana telsey at 7 30 eastern time. Tesla raising cash to expand into the future. The company will be rolling out plans to build a factory and develop what its calling its gen3 mass market vehicle. It plans to build its gigafactory in arizona or texas. The Company Expects the company to run at about full capacity
Moment. Payback, right . As somebody who has had trouble once or twice on the George Washington bridge getting close to arriving. But arriving on time, im now well, now were one for one, i guess, because i had my one incident a couple years ago, and then i got close a couple of times. Joe looks good. Very dapper and hes so quiet. What was that, joe . Keep the camera on me, please. Thats the joe we know and love. Anyway, joe is on his way. Again, he had trouble and hit a pothole just outside of new york. Hell be here in just a little bit. The Global Markets reacting to the feds decision to begin tapering next month. The dow surging to a new alltime high adding nearly 300 points to close at 16,167. In asia, a mixed reaction. In japan, the nikkei closed at a sixyear high gaining nearly 2 to close at 15,859. Right now in europe, youll see at least with the Early Morning action that they are getting some pretty positive numbers there. In france, the cac is up by 1. 4 . Same story in germany
Exchange. Go, guys, unbelievable. I was shocked. A couple months. Feels like a couple months. The story of my life these days, where does my time go these days . Its brilliant. Big day setting up today, janet yellen is on the hill and a ton of retail earnings. The premarket, tenyear yield durables came in ahead of expectations and europe is dragging a bit some say as the war games on the russian Ukraine Border look a little worrisome. The roadmap begins with retail, jcpenneys and best buy in rally mode as earnings top estimates despite flat to slowing sales. Janet yellen is back on capitol hill this time testifying in front of the senate. This is an appearance that was postponed because of a snowstorm a couple of weeks ago, so any chance shes changed her outlook since then . And an electric expansion, tesla says it plans to invest 2 billion in a brandnew battery factory somewhere in the southwest within the next three years. The question is which lucky state will tesla call its new hom
Jims alma mater harvard set to face cincinnati. So far, it looks as though stocks will open to the upside, as markets appear to be taking in stride crimeas vote in favor of leaving ukraine and joining russia, this comes after a week in which the dow had its first fiveday monday through friday loss since may 2012. Jim, good to see you. Good to see you. Referendum dominating the news flow over the weekend. U. S. Says under no circumstances is it going to recognize that. What does it mean for the markets today . I think that whats happening is there are oligarchs cashing out. We see a lot of sales of treasury last week. I have to believe that some of the russians are to be thinking, okay, if they do capital controls, ive got to get out of the u. S. , that was a lot of the selling. This was one of those big, bad event owes cs occurs, nothing h. I think they hope it go as way. I think people hope putins done or maybe hell say, look, i think that maybe its reasonable for me to have a corrido