Exchange here on cnbc im wilfred frost. Im Courtney Ragan in for sara eisen nice to be with you, court. Lets check in on the market picture this morning we did get slight gains on friday and slight gains for the week as a whole last week. The dow led the pack it was up 0. 4 the s p up. 10 of a percent. A number of record closes. Walmart the big winner last week, up 9. 6 which courtney will have all the details on in a moment or so this morning we have stocks up 30 points on the dow fed chair janet yellen making the case for more rate hikes speaking at a weekends g 30 rate hike. They said it will warrant gradual rate increases she noted inflation has been, in her words, the Biggest Surprise in the economy similar message in turn that was struck in the minutes last week and its leaving the ten year treasury note below. Last friday we split them to 2. 28 and were just above that this morning on monday morning, 2. 29. Asia market news, we got some data out of china. Consumer prizes rose 1.
Our road map begins with macys down double digits on the earnings miss. Shares of kohls taking a hit. Shares of snap also plunging more than 20 after its first public Earnings Report. Didnt go too well. But well dig in on the quarter. Fireworks expected on capitol hill later this morning. Acting fbi director Andrew Mccabe will take the stand in place of james comey. But first, comps are below consensus, down 4. 6 on the owned plus licensed basis. Macys says it expects the sales decline for the full year. This is nine straight quarters, jim, they have had comps in the red. Yeah. Ive got to distinguish macys from kohls here. I thought kohls was a decent number. Kohls got better and better and better and they have lean inventories. Macys what can i say . They dont have it. They are the ones when you try to figure out who exactly is in the crosshairs of the moment, i come back to macys. I just feel like that the you could floor by floor. Aisle by aisle and theyre being challenged. And it i
On cspan. On cspan, we are live at the Heart Senate Office Building for a hearing this morning that will feature the acting at ei director, andrew mccabe, mike pompeo, director of National Intelligence dan coats, looking at intelligence threats. Beenr director comey had scheduled to testify this morning before his firing the other day by President Trump. Expecting a lot of questions at the hearing this morning about that issue, and more. Live coverage this morning on cspan. Senator richard burr, the chair of the committee, subpoena Michael Flynn for documents related to the intelligence Intelligence Committee us investigation. This is their worldwide threats hearing, getting underway shortly here on cspan. Sen. Burr i would like to call the hearing to order. I would like to welcome our witnesses today. The director of National Intelligence, dan coats. Good to see our former colleague. Director of the Central Intelligence agency, mike pompeo. Director of defense intelligence, vince stew
Hearing, and we will show it again now in insincerity. We will show it again at 8 00 p. M. Eastern time. Afterrt off right witnesses and senators enter. Sen. Burr i would like to call the hearing to order. I would like to welcome our Witnesses Today. The director of national intelligence, dan coats. Good to see our former colleague. Director of the Central Intelligence agency, mike pompeo. Director of defense intelligence, vince stewart. Director of the National Security agency, mike rogers. Director of Geospatial Intelligence agency, robert cardella. Fbi,cting director at the andrew mccabe. Thank you for coming in on such short notice. Since 1995, this committee has met with an open forum to hear about and discuss the security threats facing the United States of america. I understand that many people tuned in today are hopeful that we would focus solely on the Russian Investigation and their involvement in our elections. Let me disappoint everybody up front. While the committee certai
Hearing, and we will show it again now in insincerity. We will show it again at 8 00 p. M. Eastern time. Afterrt off right witnesses and senators enter. Sen. Burr i would like to call the hearing to order. I would like to welcome our Witnesses Today. The director of national intelligence, dan coats. Good to see our former colleague. Director of the Central Intelligence agency, mike pompeo. Director of defense intelligence, vince stewart. Director of the National Security agency, mike rogers. Director of Geospatial Intelligence agency, robert cardella. Fbi,cting director at the andrew mccabe. Thank you for coming in on such short notice. Since 1995, this committee has met with an open forum to hear about and discuss the security threats facing the United States of america. I understand that many people tuned in today are hopeful that we would focus solely on the Russian Investigation and their involvement in our elections. Let me disappoint everybody up front. While the committee certai