A recession and the market rallies. We will figure it all out for you. Varney and company is about to begin. Stuart check the big board. A very modest rally. We were up 80 points a few moments ago, close to 18,000. However we got a modest rally but we have negative numbers on the economy. Retail sales went down. The layoff rate went up. But we have the ukraine peace deal and that is helping the market. Not much but we got a little bounce out of it. Heres the news on you cream. Vladimir putin announced a ceasefire that will go into effect in Eastern Ukraine midnight on saturday. Washington times online opinion editor Monica Crowley is here. Lets deal with russia and ukraine first. Theres a lot on the plate this morning, i say Vladimir Putin won. We have been down this road with Vladimir Putin and the snake ceasefires. We have seen this routine before. It is a temporary measure for him to regroup, reorganize and 3 assaults ukraine. He is not going to stop. His ambitions are not satisfied
Markets slightly weaker yesterday. A couple of big stories this morning. The big one is hp reportedly planning to sell a majority stake in its chinese data networking operation for about 2. 3 billion. Heres whats going on. The wall street journal saying it comes after revelation that u. S. Spying for demand for tech products. Sis coe and others have had issues about this. Also in Economic News new numbers overnight showing chinese factory activity contracted for a Third Straight month. Chinese output shrinking at the fastest rates in more than a year. This is going to reinforce expectations for more policy stimulus. Geo political headlines this morning, isis saying its in full control of the ancient sere juan city of palmyra. Heres todays squawk planl. Key economic reports. Weekly jobless claims later in the morning. Manufacturing pmi. Existing home sales. Leading Economic Indicators in the Kansas City Fed survey. On the earnings front best buy will report Quarterly Results before the
And mental endurance. A rare november tornado out break across the midwest, dozens of deadly twisters ripped through the region unleashing powerful winds that demolished entire neighbors and good morning and welcome to al jazeera, im stephanie s i and this is normally snow season in the midwest but a weather system triggered unseasonable thunderstorms and tornados across 12 state and the worst was felt in illinois, Officials Say six people are dead, most in the central part of the state. The storms later passed just south of chicago before moving into michigan and indiana. When it was over the storm had left an expansive trail of wreckage across the region Al Jazeera Diane Wester brook has more. With a massive tornado bearing down on them they prays to a higher power to keep them safe. Forgive us our trespasses. Reporter a scene that played out sunday with dozens of twisters tearing through the region cars were crushed and homes flattened and in illinois neighborhoods were blown away i
On Climate Change they could have an enormous influence on the economy. Reporter the retail giant imemploys 1. 3 americans. On the record, walmart has been trying to let its customers know the company is working on saving energy. Meanwhile, the president has been to Silicon Valley many times before to rub shoulders with Tech Company Ceos but never to a big box store. On friday he will be shaking hands with about 100 walmart employees at this store. Customers are excited. Its good that hes getting out here and seeing the citizens and interacting with everybody, at least setting his ideas and proposals out for us in person and willing to travel to see us. Reporter as opposed to being . You know, hiding in the white house. Weve seen that before. People hiding in the white house. But, you know, with him getting out, its good to see it. Reporter well, the folks you see here just cant stop talking about the president s visit. Le touchdown at moffitt field tomorrow. He will be the guest of ho
Plus, our special report reaching the sky and risking it all. What you dont know about mount everest. We begin tonight with that troubling report on measles. The u. S. Is now in the grips of the worst outbreak in 18 years, and officials urge parents tonight to vaccinate their kids. 129 cases in just the first four months of the year. Thats according to the centers for Disease Control and prevention. By comparison there were 189 for all of 2013. California has the most cases with 58. New york is second with 24 and Washington State has 13. Dr. David newman from mt. Sinai Medical Center has the information you need to know. Well, the measles is actually a virus. The virus itself is fairly dangerous. It mostly has a proceed clift for children. Were in a significant outbreak of measles, and thats driven by a number of different factors. The most important factor is that there has been a steadily increasing number of people over the last 10 to 15 years who are not getting vaccinated. Parents