Overnight in asia, the nikkei flat. Hang seng and shanghai were weaker. The shanghai down by 0. 8 . In europe this morning, some of the early trade, just 24 hours after that announcement from british Prime Minister theresa may about a new snatp election, things have turned around. Yau european markets in the green. The cac and dax up by 0. 3 . The tenyear yield in the United States fell to a low of 2. 165 on tuesday. That was the lowest level since november 10th. Well keep a close eye on that today. The tenyear yield now is sitting at 2. 209 . Well have much more of this coming up later this morning. Lets get you to some other big stories. In earnings news, ibm reported Quarterly Earnings that beat expectati expectations, but sales fell short of estimations. Revenue declined 3 from a year ago. That marks 20 consecutive quarters of revenue decline. They have long talked about those revenue being empty calories, but a big debate about that remains. Youre looking that the stock down 4. 5
Campbell at the table for the first time, although we have talked at his museum. Welcome. Its good to have you here. In seven years, tell me the things you think are important that you have learned. Running this wonderful and great museum. Dr. Campbell a big, complex place. Charlie and a place that has changed. Dr. Campbell i think of it as evolution. We have the Largest College of curators in the world, all working hard on different kinds of research and projects. When i became director, i think first and foremost, i wanted to sustain that activity, the great exhibitions, the publications. At the same time, there were clearly things that we needed to be aware that the world is changing around us, technology is a big issue. We need to really make the step from analog to digital, think about reaching audiences that way. It was also time to think again about audiences, you know, how we welcome people, how we address people, how we reach out to different audiences. We are the largest Ency
Data and the service sector. This is the biggest part of the u. S. Economy. A faster pace in january than economist chad and his dated. A pickup as well. The rate was 56 point seven. Analysts were looking at 56. 4. You can see in december, we have 56. 5, was by the way was a sixmonth low. A good sign for the economy and we see stocks, they are racing he racing some of their losses. The dow is now positive and the nasdaq has trimmed its decline. The 10 year yield is Still Holding in the dollar is at the best level of the recession. All right. Thank you for that. We will continue to talk about that this morning. What a good segue. We really wanted to take a look at the temperature of the u. S. Economy the forest rather than the trees. Michael mckee and the bloomberg senior economist. What is the single biggest risk and drag on the economy. Confidence. A lot of crosswinds in an economic environments there. It could be a problem. A lot of things out there like oil etc. Could be managed unl
Questions about that variant of the virus in britain. Conflicting reports on that. Well get to that. Suffice it to say the stimulus checks and the relief that washington cobbled together is a lastminute hail mary pass. People are not satisfied with the process, but very happy that it will mean checks in americans hands. We should point out that part of the process also includes unemployment checks that could start very, very soon. Probably in january though at the earliest. Go on for ten weeks at 300 a week. That would be in addition to state aid that americans are getting. Most of those things that americans that started getting this pandemic relief, a lot of their state benefits have run out so happy to get something from washington to compensate for that. To Jackie Deangelis on how this could look for the economy and for shoppers that are still busy. Jackie . Good afternoon to you, neil. The 600 checks cant come fast enough for the shoppers out on the streets. That 600 is half what
Struggle to meet as rita braver will report in our cover story. That looks better. Cathy warren spends both of her day looking after her 92yearold stepfather. What would happen if you werent around to care for him . There is no plan and i shudder to think what would happen to him. Okay. But what about those who dont have someone like cathy . Later on sunday morning, the crisis in longterm care. Osgood on to pete rose, a former ballplayer with several Major League Records to his name. Along with the stigma that the passage of years has failed to lift. He talks this morning with our lee cowan. I was wrong 100 percent no. Question about it. Fires. It has been 25 years since pete rose baseballs alltime hit leader was banned from the game for gambling. What were you doing when betting on baseball that you would get caught . No, no. I didnt think about it. As the world series gets underway this week, we will hear from the hit king about life, baseball and his spots on the hall of fame, ahead