it may not be the norm, but i would say expect things to be a bit rockier until there s something that really drives the market higher with conviction, and you know, it s not such a bad thing to see these little pullbacks in the market. it s healthier instead of just shooting straight up, because it gives opportunity for others to maybe jump in, when they saw the market just skyrocketing higher. we could see incentive for a buy-in tomorrow if retail sales numbers for november come out positive. the big question as well, is that extra money that consumers have in their pockets from lower gas prices is the extra money going to holiday shopping? there is some skepticism whether or not that s happening. we ll see how retail sales numbers come out tomorrow, carol. alison kosik, thanks so much. still to come, under fire, a new senate report is slamming the cia for using brutal tactics to obtain information from suspected terrorists. here s the catch lawmakers say it didn t work. so w
alison kosik is here. good morning, alison. good morning. seeing a lot of green arrows, at least overseas. japan s market with a gain. hong kong slightly lower, a jump of 2% in shanghai. markets in europe look like they re following asian markets higher. london, france and germany all off to a pretty good start for the week. two big things we ll be watching for this week. first of all, testimony from the new head of the fed, janet yellen. she s going to be on capitol hill this week. investors anxiously awaiting to hear how she thinks the u.s. economy is doing at this point. also on the watch this week, retail sales numbers for january will be coming out. the reason these are so important is because the winter weather that we ve been getting, especially during the holidays, caused, of course, chaos throughout the country. they re expected to have taken their toll on how sales did over the crucial holiday shopping season. those numbers come out on thursday. so, those two things really
the consumer price index will point the direction inflation will point the direction that inflation, rather, is heading. stocks ended last week mixed in reports that hiring was up in the private sector. the jobs report showed weaker numbers than expected. also on tuesday big banks, jp morgan chase and wells fargo will release some key numbers. their fourth quarter earnings. alison kosik at the new york stock exchange with what else investors will be watching when trading opens in the morning. alison? reporter: hi, kyra. it s a big week for apple. the company will begin selling its iphone 5s and 5c in china this coming week after it inked a deal with china mobile. it opens apple up to 700 million new customers but the gadget maker isn t a market leader in china. problem is china s wireless carriers don t subsidize the iphone so it costs $700. still analysts expect apple to get a 20% sales bump this year because of the release. on the economical endcalendar, retail sales numbers from
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here s the here s where i think it s a bit confusing, right? markets up 20% roughly for the year. and i think that there s a lot of watchful eyes on three areas, charles. the employment report in november will be something to watch in december. the jobs number. i think that the fed policy decision with janet yellin coming in will be another very important thing to watch. and lastly, i think retail sales here, charles, is going to really be something to see what the numbers look like as we shake out the rest of the holiday season. kyle, is is also the fact that it feels like we re in this new era where we ve learned over the last several years, that celebrate mediocrity. you know, you reference the retail sales numbers. you know, even if they re up a little bit, i think people will be excited. just like the jobs numbers. we create 150,000 jobs these days, people have on the pom poms, although historically that s not a lot. yeah. charles, i couldn t agree with you more. we ve t