Investors fear could disrupt the economic powerhouse. We have all that and more tonight on nightly Business Report for wednesday, march 5th. Old man winter has struck again, and spring is two weeks from tomorrow. It cant come soon enough for the recovering u. S. Economy. Several reports out today blame last months cold bitter weather and unrelenting snow for a slowdown in Economic Growth in february. Far fewer than expected private sector jobs were added last month both in the southwests sector in the economy fell to the slowest pace in four years, and it appears that white is the new beige as the Federal Reserves latest beige book Economic Survey reported that white snowy, frigid Winter Weather had a major impact on hiring, manufacturing, and consumer spending. Steve liesman has more on what it all means. After ravaging the nation in snow and cold, the weather hit the u. S. Again today. This time in a series of frigid economic reports that showed a chilling impact in this winters weat
Will talk more about that in a moment. Another tough overnight session for global losses in tokyo and india. The road map begins with the retailers rallying best buy, home depot, urban, and they all beat handily expectations, but slightly different than penny. Missing expectations, but trading up as the investors conclude that it could have been worse and appears to be better for eli musk and tesla. After the retailer posts better than stronger earnings and mobile phones and appliances were the strong components of the quarter while gaming is weak. This stock is at a 2 1 2year high today, jim. It is up 2x for the year and a lot of discussion about huber joe l jolie, and if they have found the answer to amazon. Well, that is very good and the gaming is the going to be good in the Fourth Quarter and we have new iterations, and i like gme. This is a remarkable turn, and sometimes you have to say remarkable. Some people have gotten it right. Joey has gotten it right, and shows you how poor
Theres one thing some Global Investors fear could disrupt the economic powerhouse. We have all that and more tonight on nightly Business Report for wednesday, march 5th. Old man winter has struck again, and spring is two weeks from tomorrow. It cant come soon enough for the recovering u. S. Economy. Several reports out today blame last months cold bitter weather and unrelenting snow for a slowdown in Economic Growth in february. Far fewer than expected private sector jobs were added last month both in the southwests sector in the economy fell to the slowest pace in four years, and it appears that white is the new beige as the Federal Reserves latest beige book Economic Survey reported that white snowy, frigid Winter Weather had a major impact on hiring, manufacturing, and consumer spending. Steve liesman has more on what it all means. After ravaging the nation in snow and cold, the weather hit the u. S. Again today. This time in a series of frigid economic reports that showed a chillin
Theres one thing some Global Investors fear could disrupt the economic powerhouse. We have all that and more tonight on nightly Business Report for wednesday, march 5th. Old man winter has struck again, and spring is two weeks from tomorrow. It cant come soon enough for the recovering u. S. Economy. Several reports out today blame last months cold bitter weather and unrelenting snow for a slowdown in Economic Growth in february. Far fewer than expected private sector jobs were added last month both in the southwests sector in the economy fell to the slowest pace in four years, and it appears that white is the new beige as the Federal Reserves latest beige book Economic Survey reported that white snowy, frigid Winter Weather had a major impact on hiring, manufacturing, and consumer spending. Steve liesman has more on what it all means. After ravaging the nation in snow and cold, the weather hit the u. S. Again today. This time in a series of frigid economic reports that showed a chillin
herera. power lunch begins right now. hello. welcome to power lunch. i m bertha coombs at the realtime exchange. a sea of green on the wall. dow industrials up 1.5%. s&p following suit. they re both up exactly the same. but it s the nasdaq that is up nearly 2% on the day because apple today is recovering. taking the pulse of the market, oil is higher even as the president takes aim at speculators. speaks as speculators are unwinding bets on brent. leaving wti up more than 1.5%. and that brent premium has come down to less than $14. gold also edging higher today as well. continuing its positive move to the upside. and the 10-year yield here is above 2% as we are seeing folks move into stocks today. and our midday movers, first solar announcing layoffs as part of a restructuring and the market seems to like it. it s up over 10%. coca-cola up more than 2.5%. coke is more expensive, which means bigger profits. meantime, starbucks, you know, i didn t have my latte this morning.