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
Headlines . Lets get the big bank earnings, we have best buy news and ben bernanke. And have you heard of the anti aging product new skin. And what is going on with the company and a thick skin and shares a getting creamed today. And eyepopping 28 , chinese authorities ordered an investigation into where it conducted illegal multiLevel Marketing. That is bringing together a multiLevel Marketing. And Charlie Gasparino watching these stocks, watching the store closing, has the inside scoop for you in a moment. It has reopened, and citigroup both reporting earnings before the bell. X it is that six income trading fell, goldman still beating analysts expectations turning 4. 60 a share, and the estimate of 4. 22, a clear be there. Citigroup forecast by goldman. And 0. 82 a share versus projections. Goldman sachs, citigroup, citigroup is really under pressure by 4 , goldman down 2 so not a great day for either of these names, but when i go to don bose, switzerland for the World Economic foru
Sterns. Shares closed up more than after ancent 8 analyst at wells fargo boosted evaluation by 40 . They cite potential for m a and margin expansion. An outperform rating on sprint. Apple beat android in mobile shopping on christmas day. Apple operating devices were used to make 20 of all e monday, purchases on compared to five percent of Android Device sales. Fundraising plans were disclosed in an s. E. C. Filing today. Venture capitalists are flocking to companies tied to the virtual current see bitcoin. They raised 25 million. Very goods been a year for the mutual funds industry. U. S. Investors poured money into stock mutual funds more than they have in the last 13 years. Largestt taking the mutual fund. It beat out pimcos total return fund. Executive is chief and cofounder of adviser investments, helping to oversee nearly 3 billion in investments. Jim odonnell is the chief Investment Officer of forward management. They have 5. 5 million in assets. Explain peoples expectations. Oin
And now may be out of a job because of bullying allegations. How do you manage a situation when it gets out of hand at work . First, though, lets go to sue at the new york Stock Exchange. Big turnaround today, sue. Absolutely. A huge turnaround. The day didnt start off well for the bulls. We were down triple digits. We have as you can see from the chart had quite a turnaround, now down 6 points on the trading session after a loss of 117 earlier on. One reason could be the oil market. Take a look at brent crude, down 2. 5 . Just in the past week. Gasoline prices are down. The thought is that is going to help the consumer. Lets check the tenyear, what a lot of people are watching, were at 2. 6 . Ash cashin saying if we start to see that creep closer to 2. 7 we might see fresh selling come into the market. Stocks remain near record highs a new king in the mutual fund industry. Pimcos bond fund no longer number one. Dominic chu is back at hq with that. Hi. Hey, sue. Its been years in the m
Stocks coming off their worst losses this year. Its february 5th, 2013 and squawk begins right now. Good morning, everybody. Ike becky quick along with Andrew Ross Sorkin. Joe kernen is off today so we are again joined by Steve Liesman. Also at the table with us this morning, our guest host is andy surel. Andrew just talked about the markets. Stocks ending at session lows yesterday. In fact, all ten s p sectors closed lower. Yet the bulls betting this is nothing more than a bull pac. But we will have a number of powerful investors for their thoughts throughout yao the morning. Jim oneill will join us in just a few minutes. Then in the next half hour, the man charged with making sdigs for how blackrock invests more than 1 trillion, the firms chief investment strategist, russ koesterich. Nouriel roubini will be joining us and were going to ask him for his current view of the world. In the following hour, buy and hold is the name of his game, barons capital ceo ron baron will be our speci