Euro strengthening after reaching a low around midnight. Stock futures edging higher despite mixed Economic Data in the u. S. The Federal Reserves seal of approval banks struggle to pass the stress test shares of citi and Morgan Stanley rise. Bank of america and others lose ground. The first cut is the deepest, box and shake shack releasing first Quarterly Results since ipos and the reaction on the stock is not pretty. Stock futures higher despite a surprise drop in retail sales down. 6 in february due to bad weather in parts of the country. Strip out auto sales fell. 1 . Claims fell more than expected last week down 36,000 to 289,000. We knew autos were going to be weak, and they were. Yeah. Februarys a weak month in our country, which is so funny because we are so used to thinking about one number, the employment number that we got. Everything else was just punk. The weathers very very important but a remainor to those saying like Richard Fisher departing the fed, its important that
It topped speeds of 200 miles per hour. Not sure where you would be driving 200 miles per hour. West side highway anyone . Robert will be joining us with the story in the next half hour. Joe mentioned that today is the last day of the First Quarter. We had a really big rally yesterday although volume was light but the dow and s p back in positive territory for the quarter and noticeably the s p is trying for the ninth straight quarterly gain. That will be the longest quarterly winning streak since the mid to late 1990s. Check out the futures and it doesnt look like theyre cooperating. Theyre down by triple digits. Its a decline of 103 points. S p is looking like its indicatinged to open down by 13 points and the nasdaq is down by 22. Its triple digit moves. Heres the other big stories were watching. Today is the deadline for the u. S. And five other nations to reach an agreement over the nuclear program. Theyre back underway in switzerland and look to be going down to the wire. Well ha
Emergencies but one is on their hands tonight. Good evening, everyone, im yaro lynn johnson. For the first time in 20 years marin Water District is tapping reserve water destroy because of phoenix we are live with the story and leanne, its proof lack of rain is getting serious. No rain in sight, some that have water from the lake starts to evaporate. Takes electricity to pump water out of the lake. The pump is taking water up to hill to be used by rez devenlts the marin municipal water strict says customers wont pay extra. The reservoirs are below average. Water level will drop by 20 feet. On an average year, its at 77 . Cam ran knows the area well. I dont like to see things die. I dont like the fire hazard. These hike is led here and other parks in marin county. Concerned about not having rain. Very concerned. Were waiting for rain. Praying and going to do a rain dance. Two things people can do are to repair leaks, and stop irrigation systems. I turn off lights when ier leave the room
Several news sources say that Governor Brown will make the announcement at 10 00 a. M. In San Francisco, a huge crowd rallied on the steps of the state capital, starting for relief from drought. They believe once the governor makes makes makes the declaration the state could move what little water is to the central valley. And 62 of california is in extreme drought. The second worst category. The dynamic clearings makes farmers eligible for federal assistance, and were getting record warm weather still. Spencer christian is here live with live doppler 7hd. No relief, sounds like. With or light declaration, its very dry and heres live doppler 7 hd. Clear sky, and hot today. We had record high temperatures all over the place, richmond, Oakland Museum, San Francisco, oakland, San Francisco airport, moffet field and san jose, new record highs for this date and these two, Oakland Museum and sfo, actually had record highs for the month of january in those locations, and to the south, similar
Cramer and david faber. This could be a very big day in the markets. The day after the attempt to pass plan b in the house has failed. We saw the futures down as much as 200 points. Right now were down 162 on the dow. The s p looking to lose about 19 at the open. Most notely were seeing a spike in vix futures. Its indicating more volatility ahead. Europe, largely taking the cues from here in the United States, and the news last evening about plan b. We are seeing a 1 loss in italy, germany is down by. 9 . Of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. An attempt by House Speaker boehner to avoid that class and pass the socalled plan b tax bill. That failed. The measure that would have kept current tax rates for those making less than 1 million a year. It never even made it to the house floor. Speaker boehner is scheduled to hold a News Conference about an hour from now. Of course, well bring that to you live. Here