Decision and economists not forecasting a change. Mike mckee our chief economic correspondent will be focused on the 8 30 a. M. Press conference with mario draghi where there is a lot to talk about. Including the possibility of a fed tabor here and what it could mean for rates rising in europe as well. A lot of Economic Data in the u. S. 7 30 a. M. , challenger job lot job cuts, then initial jobless claims of gdp and then bloomberg and Bloomberg Consumer convert and then factory orders and then 8 30 a. M. Eastern treasury secretary jack lew will outline his 2014 regulatory agenda and discuss wall street Reform Efforts in the buzz word will be the volcker rule. 950 pages. Lets do a 950page data check. Stocks, bonds, currencies, flat footed. Treasury yield elevated. 2. 83 . Of two 97. 57 a barrel. Yields,ds, the the the twoyear has not moved. Gold gets a bit finally today. Alix steel, why did gold get a bid . And perhapsering some Hedge Fund Buying coming in and buying a little bit. Mark
Much, waiting for the jobs number tomorrow. 6. 4 on theing for unemployment rate. And its time for the big three stocks to watch in the lets talk about a couple up and a couple down. Yum brands up today, upgraded will stopbert w eric analysts are optimistic about a rebound in china. Theyve faced a lot of challenges there, particularly with it kfc business. Costco not doing well today. Issing analyst estimates what it did like everybody during the Holiday Season was offer a lot of discounts, but it wasnt enough to drive traffic. The traffic there was, number was depressed because the stock was offered for less. So those shares are down 2 . But not as bad as staples. The company seeing more sales declines and forecasting sales will fall additionally in the next fiscal quarter and theyre closing about 12 of their stores and has a plan to save 500 million over the next several years. So you think there will be sanctions for russian for russia coming out of the European Union time for a lit
Stocks are down for eight straight days. That is their longest losing streak in 11 years. The second Texas Health Care worker infected with the disease has been transferred to a hospital in atlanta. The cdc had given her the goahead and said passengers e at little risk areas where always open about what we know when we know it and we always share more rather than less information as we work to protect americans and provide extra margins of safety wherever possible. Ago, tom frieden said any hospital in the u. S. Can safely take care of ebola and were finding out that is a different story. Beatue and earnings estimates and goldman boosted a Quarterly Dividend by a nickel. One reason, Investment Banking lows. Portion of revenue to pay employees. The company known for secrecy has leaked pictures of its newest ipad tablet. Apple done in typical style, they were posted wednesday on itunes before being taken down. And apple is hoping the new ipads will jumpstart sales. In hong kong, the gove
Are sort of going back and forth. You see the s p 500 up and down and up and down. I am dizzy. We are up 2 10 of one percent. Have got a we deadline looming in washington friday. See if they can get a deal. That is why markets are sideways. A similar sort of action on the tenyear. Down, up, and down and back up. Up and down seems to be a theme, which, also, that is playing out in oil. Back and forth and back and forth. We are looking for a deal friday. Julie hyman. We have to talk about the big deal today in the food service industry. Cisco, a Food Distribution company, buying u. S. Vote, main competitor, privately owned, for about 3. 5 million in cash and stock, creating a Food Distribution giant in the United States. Investors like the deal. On the mcdonalds downside after comparable sales fell by 8 10 of one percent. Struggling to some extent. Its menu has really expanded. Some franchisees have pushed back against the complexity. It is losing customers to some of its rivals, offerin
Story is the moves by the fed saying they will not keeper moves, the markets to record highs after the dow and diaz and the alltime record highs and the nasdaq on highs we have not seen in 13 years. The market has been meeting beautifully and gold is out there. And other Economic News jobless can lames better than expected but they did rise week over a week and some computer glitches the revealing with and home sales and watch the move to a 6 year high and keeping a close eye on disney as it was cut over at Morgan Stanley to an equally overweight and disney pushed back a few films they plan on releasing as well. Lori species easy money they keep pumping into the system as inflation concerns on the rise of gold is jumping 5 , will it rally, would be shortlived . Sandra smith has the trade from the pits of the cme. Sandra bowlen sale, fires around the globe scooping up the precious metal because u. S. Dollars are so cheap. A more money the fed brings the more bond buying they do, currenc