Some fears over china trade. Retail sails topped expectations in october, climbing by 0. 3 and oil pointed to surging Global Demand in the quarter. Joining us is lindsey bell thanks for joining us. Good afternoon. We mentioned on track for three record alltime closing highs at the moment and also on track for the sixth week in a row of gains for the s p thats a remarkable run. It is absolutely a remarkable run and theres a few things that have gotten us here we have more clarity on the fed. Theyve cut for the third time and theyre willing to maintain the stance where they are right now, keeping rates where they are. The Third Quarter earnings season was very good and weve seen an easing of trade tensions while theres a little bit of uncertainty there, that could rattle the markets going into the end of the year. All things understood, the economic environment though does still feel pretty good. Lets focus on the big stories we are watching today. Kayla has details on those china trade
Before the open this morning along with twitter overnight in asia, you will see what was happening there the nikkei ended down by almost half a percentage point. Hang seng was down by 0. 7 shanghai in china, you did see stocks higher. Up by a quarter percentage point. In europe, the three major averages had all been in the green. The dax up by 0. 3 the cac up by 0. 4 the ftse up by more than that. Italy and spain stocks there weaker spain down by 0. 7 in the treasury market, again with the gdp number coming up later this morning at 8 30 the tenyear yielding 2. 069 everything that happened with the ecb yesterday what that means for the fed, well talk about all that coming up in a bit. On the squawk planner, we have first look at gdp in the Second Quarter thats on tap. Forecasters expecting an increase of 1. 8 after a surge of 3. 1 in the First Quarter on the calendar we will hear from twitter, mcdonalds before the opening bell next week it gets crazy. It is the busiest week of earnings
Stories of pedestrians on city streets. Traffic crashes have killed 21 people so far this year. Compare that to 23 in all of last year. The most recent death happened sunday afternoon on ofarrell and taylor streets. A couple visiting the city for their anniversary can be seen in the upper lefthand corner of this surveillance video. A black tesla hits them. We stopped the video before impact. But it claimed the life of benjamin dean. On thursday, 54yearold Michael Evans was hit while crossing the street a few blocks away. Advocates hoping declare a state of emergency will free up funds to make changes to high risk neighborhoods. Like the tenderloin. One idea theyre pushing for, take away all the oneway streets here. Its proven that when you have traffic, cars stretch much more slowly. And thats something that can save peoples lives, when speed is such a factor in fatal collisions. We want to lower speed limits in San Francisco. We believe in neighborhoods like the tenderloin that has th
No matter how much you might be tempted otherwise, netflix today after that disappointing quarter. Just became the hard money on a day where the averages seesawed in response to earnings, s p gaining 3. 6 , you need to understand how a stock can go from easy house of pain to hard the house of pain and pin action from that particular move. Can rightly or wrongly impact a host of other names as Portfolio Managers try to wrestle with the consistent company that is suddenly become erratic. And that, ladies and gentlemen, is netflix look, we all know the story. Most of us love easy netflix they like lots of older programming to bring you in and add in brilliance to keep you hooked they can make some truly great stuff like Stranger Things the latest season has president been out for a month and already its been watched by 40 million households however netflix had truly heinous numbers. This they didnt grow subscribers in the u. S. , they lost thats the first time they lost since 2011 earning
Maria welcome back. Good wednesday morning, everybody. Thanks thanks very much for joining us this morning. Im maria bartiromo. It is wednesday, march 6. Time twe have breaking news, nii haley will be exiting the race this morning, she will deliver remarks today at 10 00 a. M. Eastern. The political focus is shifting to the state of the ununion. Hillary vaughn is live on capitol hill with all the details. Were waiting for the announcement from nikki haley and then well focus on what joe biden has to say tomorrow night. Reporter good morning, maria. Well, we are expecting this morning after super tuesdays contest that nikki haley is going to announce that the what she is suspending her campaign, she is dropping out of the race. Were expecting her to give remarks in charleston at 10 00 a 10 00 a. M. This morning. Last night, nikki haley won her first state, vermont. The Biden Campaign used haleys vermont win to attack trump and republican as divided and battered. It seems that haley will