Our road map begins with the dow within striking distance of 18,000 as jobless claims fall to about eightyear lows. Ecb and bank of england hold tight. Costco comp sales up, walmart downgraded, Dollar General missing expectations. Only hours left in the cbs dish standoff. Boath ecb and bank of englan standing pat on interest rates. The bank staff stepped up preparation for further members to combat deflation risks. Jobless claims fell last week by 17,000 to 297,000. Blue chips within about 88 points of 18,000. I liked the cover of usa today as we prepare for the jobs number tomorrow. Front page story on how americans are more willing to quit. People quitting their jobs at a rate not seen since 2008. Thats confidence. Takes a lot of confidence to quit. It does. It helps to have health care or know you can get it. That with some of the people who support the aca say that is one thing it would promote mobility in the work force. Mobility is important. If oil stays here, there are 16 state
City. The city has been relatively desolate. The only people out there are the people plowing the sidewalks at this point. We walked over ourselves this morning. Didnt get hit with anything much but the ban on cars in new york city still is accurate. Ill wait until the posts in other places start making fun of the weather people because its still a very serious storm. May be loss of life somewhere. In fact if you take a look at some of the pictures in new england its a different story. Wow this is a picture of philadelphia. There could be more to come. Still falling there. You look at i looked at my radar thing on activitiescuweather. Its moving northeast and most of it is there. In the northeast region up in new england bracing for 3 feet as snow. They have been getting as much as 4 inches an hour. With the hurricane forced winds causing wide out conditions. Its been a huge issue with coastal flooding too. I was just reading that theyre talking about storm surges of about 7 feet with
Stephanie ruhle. I was out sick yesterday. I would say that Brendan Greeley and lisa a berlitz filled in greatly. Carts thanks for all the twitter love yesterday. Think for all the twitter love yesterday. You were so nice yesterday. Im going to step it up today. Here is the bulletin with the top business stories of the morning. It is a showdown in brussels between greece and germany. European Prime Ministers are meeting right now to discuss the greeks request to extend financial grade for six months. The government has art economized on many issues. Here, just an hour ago, we had this. I trust that we are going to have one. The greek government has gone the extra mile and we are expecting parliament to meet us halfway or 1 5 of the way. I have no doubt that this will be a very cordial discussion and , hopefully, at the end of this, we come out with some white smoke. Thank you. White smoke. Post out. Germany is willing to let greece leaves the euro unless it continues austerity. Bcg par
Yellen on the u. S. Economy, set to testify today. Well bring you both prepared remarks and q a live. Home detail shares are higher premarket following solid Quarterly Earnings but macys volatile this morning on what are mixed results. Jpmorgan shares higher. The bank outlining new measures to streamline businesses and cut some costs. The nasdaqness aiming for a tenth straight day of gains after closing at a fresh 15year high. On capitol hill in an hour fed chair yellen begins two days of testimony on the economy. The watch is on for hints as to when the fed might raise Interest Rates. Shell face the Republicanled Senate Banking Committee, whose chairman is a fed critic. Live coverage of yellens testimony and the q a session with lawmakers. A lot of tea leaf reading this morning about whether or not the fed is simply trying to tap dance here play for some time let wages come back let greece play out and so forth. I think thats right. Its funny, the most visible thing that they could lo
Met this morning a 70 billion merger. Royal dutch shell buying bg group. Will this finally trigger energy . Tesla upgrades the model s with a starting price of 74,900. More features a larger battery has tesla shares moving higher in the premarket. It is earning season. Alcoa set to report tonight. Apple watch review season. Were going to preview both in just a minute. First up Royal Dutch Shell striking a me da deal to buy bg group. Shell says the combination would add 25 to its proven oil and gas reserves and make it the Worlds Largest producer of liquefied national gas. Heres what shells ceo told cnbc europe about the deal this morning. This is not a bat on the oil price. This deal works in a whole range of oil and gas prices. Of course we still believe in the longer run in a few years time we will see the longterm fundamentals we assert itself. We will see Higher Oil Prices than what we see at the moment. Of course, this deal will look not just very good it will look fantastic. Jim