Investors looking to build off the markets first win for the new year. If you still want more mark lazry says energy debt could return 30 . Mixed bag for two retailers. Family dollar missed numbers, costco ahead of numbers. Outside of business, a live update on that manhunt in paris. Futures are up sharply as stocks aim for a second day of gains after the s p snapped a fiveday losing skid wednesday. Oil prices on the rise. All ahead of tomorrows big jobs number. Jobless claims did fall last week to 294,000. Jim, its more about costco today and chipotle at 700. Urban comps going positive. Raw costs coming down. At the same time more traffic, more larger ticket prices. People are spending again and i think thats the theme. I think there is way too much being talked about expenditures in oil patch are coming down. That icons traited in texas, louisiana and north dakota. Sunflower oil used to be the big oil in that state. Lets not lose sight of the fact disposable income 1,000 more in ever
One was anticipating. You know the Central Banks are good about telling the markets what theyre going to do in advance and when that doesnt happen you see swings like this. The Swiss National bank coming out with its news saying it was going to delock the swiss franc from the euro. Since 2011 they had been tying the currency cap in 2011. Swiss national bairng was saying you had to have 1. 2 swiss francs to the euro. They let that go unexpectedly. Moved 30 . Basically 120 euro. 120 swiss francs to the euro. Yeah down. 86. Right. Its complicated stuff and theres a lot to get your head around but this is a massive move. Weve never seen a currency swing like this before. It was also the u. S. Dollar we saw the swing against because the dollar was high against the swiss frank because it was tied to the euro. When they let that go it was a massive snap. So it had been that they were benefitting by being tied to a weak euro but it wanted to go much higher and obviously i want it wanted to go
Again, that was a moment of silence marking the attack yesterday, the victims who perished in that attack. Hadley gamble is in paris with the latest and she joins us right now. Good morning. Its a national day of mourning here in paris. People gather in simple. We heard from president hollande earlier today, as well. Let me give you the details of what we know now. There are reports that two suspects have been located in northeast france. Cnbc has yet to confirm those reports. This is a very fluid situation. Many reports coming in. Were trying to sift through all of that. Here is what we do know. Overnight, the two suspects believed to french authorities, theyre chasing them as we speak. Many are now saying that these guys have linked to terrorist organizations, as well. They have been convicted on terrorist charges in the past. A third suspect into police overnight. We understand understand several people have been questioned in this incident. In a separate incident this morning, one
From here. Looking for the next google, that is why we are doing, celebrating success and looking for more. Varney and company is about to begin. Stuart we always want more so lets get started. We have chosen three Tech Companies which could be primed to be the next google. As far as Stock Performance is concerned. Facebook, tesla, amazon. Charles payne is here. Let me have my say. Facebook, we put it on the list because it is in a whole new area and the stock only doubled so far. Tesla, you are a big fan of elon musk, a whole new industry, whole new technology. Amazon already growing by massive acquisition. The stock has done well but not that well. Which of the three will you agree could be the next google. Charles i have subscribers in facebook can tesla. Amazon might have hit the arc. We are in an awkward position where i am more worried about them being up 1,000 points but facebook and has lost both unique and facebook obviously as mirrors people in many ways, information it gathe
Network. Maybe a little jazz with mr. Parsons. Basketball, wind, jazz, who has got a better day than dick parsons . Erik that is what is ahead. Let us look at what is making headlines right now. Heres our news in focus. China and russia have strengthened the energy ties. The two sides have increased their guess applies from siberia to china. The peoples bank of china use it as the Central Bank Cuts it rate by 20 basis points. North korea says it has successfully tested a submarine launched ballistic missile. Yesterday, pyongyang threatened to attack the south korean warship. And plunged the 17 on one day of treads. The early forecast had a climate. The avengers are still winning the battle at the box office for second straight weekend, raking in more than 77 million. Stephanie i didnt see the avengers this weekend. Erik i did. Stephanie and . Erik mmm. Stephanie you dont have to like it. The teams who are seeing it are going to get the games and the lunchboxes and that is how bob iger