Quarter declined because people assumed health care was going to create a delay. Without further delay, lets go to scarlet on home depot. The earnings just came out, a beat, secondquarter earnings per share of 1. 52. Expectedthan bottomline number. Sales topping estimates as well. Depot confirms its fullyear sales forecast. Adding to its buyback program, overbillion Share Buyback the remainder of this year. He moved to engineer a higher earnings per share number continues. With adam parker joining us in the next hour from Morgan Stanley, use of cash. The pressure to deploy cash. You see that in the bhp billiton restructuring. What are we going to do to distribute cash to shareholders. 838 on the the 16 dow. A distinction between home depot and lowes, the Bloomberg Industries team pointed out sales will likely come in stronger. An estimateds 4. 4 . Home depot doing it more effectively than lows. Medtronic and t tj maxx report earnings as well today. Hasuple items of note it been 10 year
To grow the economy over there. Israels gdp expands less than forecast. This is becoming a habit. Germany contracted. 20. France was flat. Italy also shrank. Economic data, 10 00. Earnings, really only urban outfitters. Lets do a data check. Futures update, 10 year yield up. Brent crude is lighter. Onto the next screen. Resilient equities. , resilient equities. Dow jones, 16,663. Michael mckee will be out there. A great moderation. Basic chart. This is the zero bound. This is your fed staying at zero Interest Rates for a long time. So many ramifications of that. Much longer will the line extend . Does it continue into 2016 . It is the debate that keeps us employed. Eventn extraordinary since 1 00 this morning. Ferguson, missouri had its worst night of violence. The National Guard was called out. Jay nixon was ordering the guard to restore peace. Night, hours before the midnight curfew, Police Used Tear Gas to break up protests. I say they came under attack and gasoline bombs were used.
It really impacted places like east bay east of the diablo range. It was really active and we got all kinds of things from heavy rain to mt. Snow we saw lightning and also heard some thunder. Here is the torrential rain that took place earlier this afternoon over 200 cloud to ground lightning strikes and yet places like sent to cisco are getting nothingsan francssico tomorrow a straight showers possible the weekend is cool and shydry will have more proof forecast later pam a vallejo student. Shot to death near his high school today. Tonight. His friends and family are in mourning. Max rusk was a senior at Jesse Bethel High School. And today, police found his body near a popular skateboarding park close to the school. The 17 year olds parents say they are trying to understand why someone would want to hurt him. this is the worst day of our life. This is a nightmare in the daytime the you think you wake up from but you dont pam police found maxs body around noon today. Detectives are not
Cap have, and what they jobs are still open. You see monks here at a temple in tokyo ringing bells to celebrate the new year. They are right outside, as you can see. New years is getting underway already in tokyo and overseas. New zealand started off this morning. Welcome to our new years eve edition of market makers. The final day of the year. We have breaking Economic News as well. Consumer confidence numbers are just coming out. We get a better than expected reading in Consumer Confidence for the month of december. Eric, you are just checking that this is the highest since when . September. Calexico decline has been revised higher to a read of 72. It is in line with what we have in seeing. University of michigan, confidence index, all rebounding from lows they saw a couple months ago. So we are coming off of base here. This is certainly a way to tie in how people are feeling as we head into the new year. It is backward looking because it included the runup to the Holiday Shopping se
However, this morning, futures are indicated lower once again. Dow futures down by about 20 points below fair value, nasdaq down by 5. 5 points. Keep an eye on treasuries today. There is an auction of 21 billion in reopened tenyear notes at 1 00 p. M. Eastern time. Traders note that the sale comes after a recommendively weak threeyear note auction. Hsbc says the dream run in u. S. Stocks is set to end. In a report today, the bank says that the fed cutting asset purchases and the market setting to cut rates will present a turn for equities. Hsbc is forecasting it will rise just 4 this year to 1900. We have got Corporate News this morning. The Parent Company of chuck e. Cheese is reportedly looking for buyers. Also this morning, facebook buying a start up that builds Performance Analysis and monitoring tools for the mobile android applications, apps witness as theyre known. The india based company is called little ilab. Reports suggest the price is also tiny, less than 15 million. Micron