Bank of japan refrain from extra stimulus. They say the countrys economy can maintain its pace of recovery even after an increase in the sales tax last week. U. K. Industrial conduction rose more than economists forecast in february on a surge in factory output indicating economic recovery of a sword. In britain, wage growth accelerated in the fastest pace in seven years. Economic data as well and earnings, of course, we have alcoa coming up after her the bell. I know scarlet is focused on jpmorgan. Lets do a data check. Economic weekend. Futures churn, 10year yield is important, moving to 2. 70. Crude is still elevated. Onto the next screen, little more substance. The vix shows the angst out above 1300. Old back the yen, a little bit of a risk off field to the tape overnight. Here is a what they are looking at in ukraine. Ukrainethe currency of back 20 years. Lousy, week. Imf into the meetings this weekend or as another bout of weakness in ukraine. That is the tension of the ukrainian
President obama and japanese Prime Minister abe were diplomatically polite, but they didnt conclude any deal on the tpp, one the administration hoped to complete by the end of last year. Do you think youre going to get a deal this year you can send to congress . I think so. Im pretty optimistic about what can happen. Remember something i come from the private sector, as you know. Right. And its hard enough to negotiate deals with one other party, let alone get a deal done with 12 parties. And but i have enormous confidence in ambassador froman and in the president , theyre negotiating capabilities. And remember, were down to the end game of this negotiation. So its the hard stuff, right . The easy stuff has been handled. And that what they did say, though, is that theyve had breakthroughs and that theyve identified pathways to resolution on a number of issues. Some democrats and the Ford Motor Company say that youve got to include something on currency manipulation. And now you have sa
Well, were delighted youre here. President obama and japanese Prime Minister abe were diplomatically polite, but they didnt conclude any deal on the tpp, one the administration hoped to complete by the end of last year. Do you think youre going to get a deal this year you can send to congress . I think so. Im pretty optimistic about what can happen. Remember something i come from the private sector, as you know. Right. And its hard enough to negotiate deals with one other party, let alone get a deal done with 12 parties. And but i have enormous confidence in ambassador froman and in the president , theyre negotiating capabilities. And remember, were down to the end game of this negotiation. So its the hard stuff, right . The easy stuff has been handled. And that what they did say, though, is that theyve had breakthroughs and that theyve identified pathways to resolution on a number of issues. Some democrats and the Ford Motor Company say that youve got to include something on currency
Recently at costco. Especially when you look relative to other retailers. This is something we have been seeing. Comparable sales up six percent. Especially impressive given what we have seen in the First Quarter given so many retailer said weekly results were due to the weather. Sams club is comparable sales, down half percent. Walmart down 2 10 of one percent. Among the big discount retailers, this is the only one that has seen an increase in comparable sales. Not only an increase, but a big increase. On the other hand, shareholders meet did meet estimates. It seems like a combination of different factors. Higher preopening expenses for some of its stores, accelerated some of its store openings. Fewer shares in the quarter contributed to some of it as well. Membership fee income, which may have been due large part to courtesy currency headwind. Areall, we see the shares down 7 10 of one percent. Commentary i have seen has not been that negative, saying essentially weak numbers are in
Republican hopefuls will be there. How do you think that most of this crowd views that . Is there a favorite at this stage . I think our folks that are really the faithbased, grassroots of the party. My sense is that they are the primary electorate writ large. This is kind of all jumbled up. They like ted cruz but they like mike huckabee, they like rick santorum. I think rand paul has got some jazz. I think they will kick the tires and look at the more established frontrunning type candidates. Chris christie will be here this weekend. He will make i believe his First National appearance before a social conservative audience of this type. Are you accepting of him . I think you will get a fair hearing. I think he will make the fair case. Why didnt you invite any elected democrats . Well, i think unfortunately, i have always reached out to democrats. Our agenda is not really partisan if you really look at where we are on Immigration Reform, where we are on education reform. If you look at