Home wheat home. Why some say the future is right for home depot, despite mounting costs from the data breach. We have that and more tonight on the nightly Business Report for tuesday, november 18th. Good evening, everyone, thanks for joining us. Baby, it is cold out there across much of the country. Not on wall street the market is still smoking hot as the dow and s p rose to fresh all time highs again today. The Health Care Sector got a lot healthier. Home Building Confidence grew after policy makers in japan and europe signalled theyre ready to stimulate as needed. Heres how things looked at the closing bell t. Dow is 40 points off the highs of the session, but if you have to notch the indexs 26th record close of the year. That, in fact, was up 31 points, it is now less than 350 points away from its all time high from the year of 2000, march of that year to be precise. The s p 500 after five consecutive days moving onetenth of 1 broej out for its 43rd record close of the year. More
England. Ten stormrelated deaths were reported from the midwest to northeast. Some areas got over a foot of snow and there is snow cover as far south as new new mexico. The storm as disrupted travel since sunday more than 7,300 flights cancelled nationwide. It snowed overnight in maine where winter storm warnings are in effect. Some new england coastal areas got up to a foot and a half of snow including parts of boston which set a record for the snowiest in history. Kris van cleave is in boston. Reporter the super bowl champion touched down at boston tfs snowy airport monday night. The parade is now scheduled for wednesday. I feel like im in the north pole or something. Reporter boston was one of the last stops for the huge winter storm. Detroit reported the third biggest snowfall on record and chicago received its heaviest. We are seeing a record response. After getting hit by two major snow events in a week the focus here in boston is on getting all of this snow out of the streets ci
Apparently the rise in gasoline prices we have seen in the last couple of weeks may be having an effect. Current conditions fall from 109. 3. Expectations have fallen back as well. The other number as the fed watches is inflation expectations. They have gone up to 2. 8 . They suggest maybe americans experience the ideas of higher prices. It gives them a little more faith we may see prices continue to rise, inflation continue to rise. It brings them closer to trying to raise interest rates. Thank you. It is time to take you to the top business stories from around the world. Matt miller has more. Were looking at an alltime high for the s p 500, breaking through 2090. The dow back above 18,000 for the first time this year. You can see it there. Mastec less than 100 points away from hitting a new record, has not happened since the tech bubble burst. We came back down a little bit. Shares of the maker of candy crush are searching this morning. The company says sales of games other than cand
Have received 50 more pay. And the widely anticipated movie 50 shades of grey hitting the silver screen. Already breaking Box Office Records in europe. Could have a big valentines day weekend. Universal is part of the comcast family. In the meantime lets go to michelle with a check on the markets at this hour. Yeah lets take a look at the u. S. Futures following yesterdays 100 point gain on the dow and the nasdaq at a 15 year high. Strength in europe feeding into the u. S. The numbers suggest the dow would open higher by 33 points we want to bring your attention to the european markets. Theyre on track to end this volatile week on seven year highs. The german dax crossing the 11,000 mark after germany gdp numbers came in higher than expected. Greece however weaker than expected. Well talk more about that later. Shares of conagra tanking citing a strong dollar and weak sales. They are also appointing former chief Sean Connolly as the new ceo ceo. Kraft is switching up the ranks. Its cfo
Will not hold. Yahoo is laying off about 125 people 1 of its workforce. A person familiar with the matter says most of the cuts will be among Editorial Staff in canada. The ceo is looking to trim costs as she invests in highgrowth areas like mobile. Qualcomm chairman paul jacobs says Wearable Technology will transform sports. Jacobs is coowner of the San Francisco kings joins market makers, at the nba Technology Conference in new york. Grexits going to do things for people, give people information about their health and what they are doing. This whole notion that the phone is going to be at the center of a universe of sensors and the environment around us, maybe inside our bodies, its going to change the way that we are healthy, and our doctors take care of us. At all sorts of things. Qualcomm parted with tavaris to invest in Wearable Technology. Moving on. President obama is at Stanford University today for the First White House summit on Cyber Security and consumer protection. The pr