Vote to unionize. Theres also a lot on the line for big labor if it goes down in defeat. All that and more tonight on nightly Business Report for wednesday, february 12th. Good evening, everyone iim sue herera. Susie gharib has the evening off. Im Tyler Mathisen and i am not a winterholic. I am so done with it. Our lead story tonight is not about me, its about the economy and how its being affected and in a big way by the most brutal run of harsh Winter Weather in years. Another massive ice and snowstorm called winter storm pax slammed into atlanta and North Carolina today and will be making its way through virginia into the northeast tonight and tomorrow. Some forecasts call for up to a foot of snow in and around philadelphia, new york city, boston. About one out of every three americans will feel this storm. It will close schools, snarl traffic, ground planes and more important for business, exact a toll on Economic Activity. So what is the real cost of all this wicked Winter Weather
Vote to unionize. Theres also a lot on the line for big labor if it goes down in defeat. All that and more tonight on nightly Business Report for wednesday, february 12th. Good evening, everyone iim sue herera. Susie gharib has the evening off. Im Tyler Mathisen and i am not a winterholic. I am so done with it. Our lead story tonight is not about me, its about the economy and how its being affected and in a big way by the most brutal run of harsh Winter Weather in years. Another massive ice and snowstorm called winter storm pax slammed into atlanta and North Carolina today and will be making its way through virginia into the northeast tonight and tomorrow. Some forecasts call for up to a foot of snow in and around philadelphia, new york city, boston. About one out of every three americans will feel this storm. It will close schools, snarl traffic, ground planes and more important for business, exact a toll on Economic Activity. So what is the real cost of all this wicked Winter Weather
We always do at this time. It looks like were setting up for a slightly lower opening. We shall see. Not much of an active day there, we were very focused on the enormous cable deal yesterday in terms of the Broader Markets. Tenyear note yield, weve been in the 27 range, yes, 2. 75 and europe was positive, euro zone gdp showing betterthanexpected growth in the Fourth Quarter led by france and germany that has helped those markets. Yesterday a bit of a turmoil, you get that and italy and the like, markets were a bit lower perhaps impacting us slightly. Lets get back to our roadmap right here and its what else, the weather. Thousands of flights are still being delayed and canceled this morning as the northeast is recovering from yet another very large snowstorm. Plus, joseph a. Bank is buying eddie bauer the deal worth 830 million this comes as the retailer is still fighting off a hostile takeover attempt from its rival mens warehouse. And 8 isnt great for microsoft. The Company Announci
We just. Have a couple of seconds. What do you have tomorrow . Great conversations today . Lloyd flank fine and sean parker and im going to be on Facebook Office hours, so squawk box on the street begins right now and we will see you tomorrow. You are the apple of my eye one thing investors not saying this morning after the disappointing quarter. Welcome to squawk on the street, im Carl Quintanilla with melissa lee, dajim cramer. Our road map begins with a question, will apple gap down 10 this morning. No doubt you heard of last nights revenue miss, iphone miss. We will cover the quarter from top to bottom. Doesnt include apple, which is one reason it is outpacing the s p 500, sits 3 from a record high. What is the outlook for the Broader Market on this . The best january looks like about 17 years. Netflix is almost the inverse of apple, a surprise profit, betterthanexpected outlook, a stream of upgrades and one very happy carl icahn. And rolls on tonight with microsoft and starbucks,
Italy and in spain. Our road map begins with a search for a major retailer, any major retailer who didnt miss on november comps. Gap, macys, target, all disappointing. Is it all due to sandy and what does it mean for the holidays. Tiffany is not a statement on lucksy, but Rather Company specific. Quite near meets with the president today. And we have another upgrade for research in motion. This time at goldmansachs saying the blackberry 10 will not only beat expectations but also put the company in the black by fiscal 14. Target, macys and kohls reporting unexpected declines. Number of retailers blaming sandy for the lackluster results, david and jim. They say the second half of the month wasnt so bad, but still a lot of White Knuckles as somebody said about the holidays. I think that one of the Untold Stories may still be exactly how bad sandy was. Sandy is going to turn out to be a 100 billion storm. But i think its a shutdown. It was the shutdown of a major part of the infrastructur