Analytics reporting bargain hungry shoppers bought less. Sales fell by mid single digit percentage at brick and Mortar Stores on friday and saturday. That compares to the same days last year. But, heres the important part, it does not include online sales which of course have been the story of the season. Wellknown industry analyst dana telsey will join us with her thoughts later this morning. In the meantime, Steve Weissman has the headlines. Apple announced it has signed a longawaited agreement with china mobile to sell iphones to the worlds mobile phone users. It could add billions of dollars to apples revenue. It will start january 17th. China mobile will begin preorders on wednesday. Eunice yoon will join us. Tiffany must pay swatch 449 million in damages over a failed joint venture to produce and market watches. Tiffany is cutting its full year profit outlook. Boeings unionized machinist workers will vote january 3rd on the latest contract. Where boeing makes the 777 voted two to
Also, toyota talking about under the hood, keeping its top spot in auto sales rankings so far this year topping rivals gm and volkswagen. Japanese car sales topping 7. 4 million vehicles. Thats up. 1 from a year ago. Strong sales in the u. S. Offset slowdowns in thailand and china. Joe, whats going on in washington . In washington this week the redskins are probably dealing with what was a disappointing because they were ahead. They were ahead by two touchdowns right at the beginning of the second half and things went south quickly. So you only saw five minutes of the jets game. No, i know what happened. Congratulations. Thank you. Im not looking for congratulations really. Its been a long time. People are talking about 25 years since the joe montana beat when the bengals got and i asked my kids to watch. They were watching when Carson Palmers knee got blown out on the first play. They were watching last year when houston killed this really they really looked good yesterday. Typical of
Just barely. Up 0. 13 at 3919. Mixed performance for technology. S p 500 tonight down four points, about a quarter of a percent finishing at 1767. The dow pulling back from an alltime high reached yesterday. Lets get to bob pisani on the floor of the big board. We had dueling fed president s. We had a drop because Dennis Lockhart came out and said, tapering could start next month. Put up the full screen. The market is hypersensitive to any talk of higher Interest Rates. Theres the dow moving to upside. Then they said it will hold. So it stort of came back. This is the forefront of the whole issue on the markets. Reits, emerging markets, housing, telecoms, ratesensitive, all down noticeably. Emerging market stocks, these countries have been hit hard, even modest increases in the overall numbers here. Just want to talk. Back to you. Thank you so much, bob. Tesla ceo elon musk is speaking to Andrew Ross Sorkin at the deal book conference in new york. Lets listen to this. With that jacket
With rates moving higher. Elbattled new health care law, president due to give a speech defending the health care law, youll see it live in about an hour, and well have reaction from two people who had their insurance can delled due to the law. He can win them back . Starbucks Ceo Howard Schultz with be with us. Hes been a big supporter of obama care. Well get his take on the rollout problems. And then reports on their earnings in about an hour. Howard will break down those numbers for us. Lets not forget about facebook either. The social media giant will be reporting after the bell tonight. Well have those numbers. Instant analysis as only closing bell can do it. A very jampacked show today. Lets approach the markets in the final hour. Were well off the highs with a decline in the session of 67 points. Pushing the dow back from the records reached at 15,612. Onto the nasdaq, seeing selling in technology as well. Nasdaq lower at 26 points. It, too, coming off the highs which were down
A road map goes like this. With the taper heard around the world, stocks soaring during trading yesterday as the fed announce it is will start pulling back on its monthly bond purchases. Now the big question, where do we go from here . Plus facebook ceo zuckerberg hitting the sell button, 70 million shares with 40 million of those being sold by the facebook ceo himself. And major Security Breach at target Stores Across the country. The retailer saying credit and debit card information was stolen for get this, 40 million of its instore customers. And oracle reporting better than expected results in quarterly revenue. Well see what that can signal about a possible rebound in i. T. Spending. First up, amazing action yesterday, a will the lot of th, even seasoned guys, saying what a ride. Heres the cover of usa todays money sex, 5 reasons there was no taper tantrum. I love that phrase. Paul ryan said the taper came too late but its hard to argue with a market rally of 300 points that says