Mortar retailers led the market today. Even though it marked time awaiting tomorrows job market. Indeed rising 2. 5 . Despite the churning and fl flopping, the stocks of so many household retailers, kohls, macys, nordstrom, target,elle bra brands, bed, bath and beyond and costco all soared. While amazons winning streak finally came to an end with the stock, up 20 for the year, down 11 bucks today. What happened . Are people suddenly going back to the mall . Are people saying, i want to try things on . Today was a relief rally and numbers came down too far too fast and numbers werent quite as bad as people had feared. Definitely not good numbers but when youre as negative as most Portfolio Managers have been on retail it doesnt take much to get it raising. Consider when smokey the bear suggesting a few burning embers left over from a campfire could burn down the whole forest. Today, we had a forest fire in retail. In the last few weeks we had pretty horrendous retail stories out there i
Afternoon. Drivers want a permanent fix and soon. Its dangerous. They will fix it of a amajor accident. Reporter in san jose, len ramirez, kpix 5. The big hurdle to the gas tax hike. Hours from a critical vote on road repairs, theres fierce opposition to a deal that also gives truckers a break. Governor brown making his final plea to secure a tax hike for road repairs. This is a fee, a fee for the privilege of driving on our roads. Jerry brown on the states of the step capital trying to win over holdouts to his multibillion dollars transportation proposal. Kpix 5s phil matier reports from a truck stop in vallejo explaining how the government hit a roadblock. Reporter thats right. Elizabeth, you know, the idea is to fix up our roads. As we found out the deal he cut to get the support of the Trucking Industry for the rise in the diesel taxes thats turning around to be quite a speed bump. Heres the story. It was a deal. It was a deal to get their support. Reporter state senator jerry hill
It is the middle is, or the ukraine. Where ever you look, there are so many problems. Alter the lee i believe that we are going to get rid of most of those problems and there will not be fear anybody. We have a very big pile of north korea and as isaidi very big pile of north korea and as isaid i really very big pile of north korea and as i said i really think that china it will try very hard. And it has already started. Yesterday and today they have penned back whole boats. The vast amount of colbert penned back, they tend back the boats. Turn back the whole boats. It may be effective it may not be effective. It may not be affected but we will be effective. I can promise you that. Thank you. Nato has constantly confirmed the use of chemical weapons in syria. The use of chemical weapons is horrendous. It isa chemical weapons is horrendous. It is a clear violation of international law. Any use of chemical weapons is unacceptable and cannot go unanswered, so those responsible is must be
It is the middle is, or the ukraine. Where ever you look, there are so many problems. Alter the lee i believe that we are going to get rid of most of those problems and there will not be fear anybody. We have a very big pile of north korea and as isaidi very big pile of north korea and as isaid i really very big pile of north korea and as i said i really think that china it will try very hard. And it has already started. Yesterday and today they have penned back whole boats. The vast amount of colbert penned back, they tend back the boats. Turn back the whole boats. It may be effective it may not be effective. It may not be affected but we will be effective. I can promise you that. Thank you. Nato has constantly confirmed the use of chemical weapons in syria. The use of chemical weapons is horrendous. It isa chemical weapons is horrendous. It is a clear violation of international law. Any use of chemical weapons is unacceptable and cannot go unanswered, so those responsible is must be
Good morning. Welcome to Worldwide Exchange. Im sara eisen. Im wilfred frost. What is that song . You know this song. I do not know that song. More importantly, welcome back. Thank you. Nice couple days off . Missed you. Glad to be back. Good. Good. Great to have you back. Lets get into the market action. Yesterday we saw some softness around about half a percent down for the dow and s p, a quarter percent for the nasdaq. Only financials outperforming. Banks leading the way up around 1 . It was the regional banks that did best of all. Equities expecting a positive open, but only fractionally about points higher for the dow. Lets look at the tenyear note. Thats a big fact tore watch over the past couple of days. Yields have ticked up significantly. 1. 68 . Just four or five trading days ago we were down 1. 5 . Lots of factors being cited, partly rising european yields, talks of tapers on ecb trading. I cant believe i leave and we get a historic move in the british pound. We have not eve