Last four sessions. At this pointed, the dow is now back in positive territory for the year. Still, if you look at where we stood just a week ago with some of the concerns about what was happening, it looked like things were going to expire, but were headed back there now. Well see what happens as we get through to some of the news coming out today. We do have on our agenda this morning Economic Data and earnings from the Worlds Largest retailer. At 8 30 eastern time, we have two reports. Jobless claims and july import prices. Walmart is set to post Quarterly Results. Thats expected around 7 00 eastern time this morning with all that weve heard from the retailers including macys with numbers not as strong as people had expected. Thats going to have people watching very closely to see what walmart has to say about the consumer. Well be hearing from kohls before the opening bell and then this afternoon we have jcpenney. Weird about europe, is it not . When they finally resession . Well,
Biz for months now. With the economy in clear recovery, how will it pull back without causing long term Interest Rates to spike. The president s pick for the new fed head, janet yellen is moving forward. She went before the Senate Banking Committee Last week. The full senate could vote this week on her confirmation. With all this on the mind of traders, the markets were tepid late last week. They open this morning with the dow and nasdaq both up a fraction but down for the week. The s p down a tad and off 1. 5 last week. Oil dropped below 97 dollars a barrel while gold closed higher friday up a half a percent for the week. As for the long term on gold, analysts at jp morgan have lowered their forecast on gold by 10 percent. They project 1263 an ounce for 2014 and slightly higher the year after. Ok, lets talk with a trader to get some sense about the day and the week ahead. Phillip streible is with rjo futures. Phil, everyone is talking about tomorrow and wednesdays meeting with the fed
Down at a golf course near the Santa Monica Airport after this distress call from pilot Harrison Ford. 53178. May day. Witnesses say ford appeared to navigate away from homes before crash landing. Golfers immediately went over and helped the 72yearold actor out of the plane. Emergency responders arrived shortly afterward. Assistant l. A. Fire chief patrick butler. They found a singleengine plane aircraft that had had a medium to high impact on the ground with one male victim who at the time was conscious and breathing. Reporter witnesses said ford was bleeding from the head was alert and talking. He suffered basically some moderate trauma, and he was alert and conscious. Reporter ford started his movie career as a swashbuckling space pilot but began Flight Training in earnest in the 1990s nch hes been collecting and flying modern and vintage airplanes ever since. Cbs news aviation and Safety Consultant Sully Sullenberger has flown with ford. Im sure hes flun out of that particular airp
This is the cbs evening news. Jeff good evening, everyone, im jeff glor with a western edition of the broadcast. It is called the hair hang act. Acrobats suspend in the air performing a sort of human chandelier. Today it went terribly wrong in providence, rhode island. This is video from inside the ringling brothers and Barnum Bailey performance. A camera phone was recording as eight performers dropped to the ground below. We begin with don dahler in providence, don . Reporter jeff, the show had just about reached the Halfway Point when the accident happened. Shocking the audience of 4,000 into a stunned silence. It was a dramatic sight on its own. Aerial acrobats hanging only by their hair, but then screams as the structures they were suspended on collapse and fell about 30 feet. The eight area performers as well as several performers on the ground were taken to the hospital. Providence safety commissioner steve perry says some of the injuries are serious. Theyre in critical but expec
Health care plan. He is promising coverage for all and Warning Congress not to get cold feet. Welcome to early start. Im miguel marquez. Good to see you. Happy mlk day. Im christine romans. It is 4 00 a. M. In the east. Overnight, trump lashing out at john brennan. Brennan suggests the friendly e relr relations with russia. I dont think he has the full capability of the russian actions. I very much hope that our relationship with russia improves in the coming administration. There is a fair amount of responsibility on russias part to change behavior and actions. I think he has to be mindful that he does not yet, i think, have a full appreciation and understanding of the implications of going down that road as well as making sure he understands what russia is doing. Sunday night, trump hit back, quoting a fox news headline about the interview in tweets. Outgoing cia director blasts trump on russia threat. Says he does not fully understand. Trump responds, oh, really. Could not do much w