That the rate may have been manipulated lower, which at the surface says people are getting lower mortgages. But remember, it is a zerosum game here. A continuing story. The three banks need to respond to the antitrust complaint in writing and at a hearing. Lets get our morning brief. Overnight, u. K. Inflation accelerating faster than forecast on a higher airfares and shipping costs. That is a little bit in the weeds. No Economic Data to speak of in the u. S. Earnings. Number of home depot just reported. Earnings per share is a little bit lighter than what analysts were looking for. Nate net sales coming in a little bit light. Analysts were looking for 20 billion. In terms of fullyear forecast, it terms looks to be a little bit higher. Additional buybacks over the rest of the year. Early to say if there are any shares trading. We will you know if they move. Goods, dicks sporting and tj maxx will be reporting before the bell. Into it is coming up after the bell. What do you make of sal
9 45, comfort index. 10 00, Philadelphia Fed Business Outlook as well as the Economic Indicators. Could be up for the 14 month in a row. Does that get in with attention . Makefinitely, as we try to sense of what the fed is going to do in 2015 and 2016. I am alighting on lead indicators. Do need another cup of coffee . Blackberry at 7 00 earnings. This is a big deal . They been trying to turn the company around. It is more of a niche player. We will see how it turns out. On the heels of the new amazon smartphone. And kroger before the bell. After the bell, oracle and smith wesson. Major Market Movement yesterday afternoon. S p 500, can we Start Talking about 2000 . Eurodollar stronger. Nymex crude elevated. On to the second screen, please. The vix well under 11. Does that show that complacency, the punch bowl, there is the dow, truly on the 17,000. Brent crude gets my attention. 170. Ing, finally through that speaks to the actions of the last summer of days. We have scoured the newspape
Followed by exxon and visa. Dont mean to interrupt, exxon is going to be interesting because of the russian sanctions. I wonder if they will comment on their investment with russ smit with rosneft. Beginning a new project in the kara sea. They might have problems getting the equipment. European sanctions for the European Companies from sending it. I think the first xfiles series was shot there. After the bell, lincoln, tesla, gopro. John kerry in india. This is showing the flag and repairing the relationship with mr. Modi. An important trip away from all the other major challenges. Is that the morning brief . Day. En at fed day and jobs stocks, bonds, currencies, commodities futures 13. 98. Utures euro under 1. 34, and a lot of people have been hoping for a weaker euro. American crude oil under 100 a barrel. , will ithe angst, vix open near 14 . Yen, 102. 82. We scoured the papers, here is a scarlet with the front page. Time running out, it ran out, for argentina. Standard poors says t
Driverless cars are hitting the highway. Audisgoing to check out autonomous a7 that is paving the way for driving handsfree. And, lufthansa shares slide on weak results. We are live with the carriers cfo earlier eight are in the program. In the meantime, lets get straight into our top company story. Adidas shares are under pressure. The company slashing its profit forecast. This among other things, russian unrest. Lets find out what is going on. Hans nichols is in berlin with the details. Good morning. There are two things at play here. One, russian unrest. That is a weakening ruble. So much of their sales are in russia. Anthe last quarter, they saw 18 decline in sales. Whether it is golf or russia, stock is down more than 10 this morning. Here are the numbers on their profit warning. For 2014, they expect 650 Million Euros for profit. That was before estimates of 890 Million Euros. H, a is almost 25 slas remarkable move. When we get to the russia story, when are we going to see an Eco
Markets in mixed territory with the dow jones eking out a little bit of a gain. We come back a little bit. Big surprise, actually. Its like letting go. Letting go the weather dont matter anyhow this was a big jobs report that surprised everyone. It surprised me for sure. Julie hyman keeping an eye on the big three. Im surprised. Its about tom singing onset. Alpha natural resources, the coal producer down the most in the s p 500 today. Goldman sachs downgrading it to sell and cutting forecast for coal. Not bullish for coal, particularly metallurgical coal. That is one of the things that Alpha Resources make. There was a bright spot in retail last quarter and it had to do with footwear, specifically nike. Some analysts pointing out that foot locker heavily dependent on nike. And locker profit was up comparable sales up five percent. On. Com having its debut today and shares doubling on their first day of trading. The Company Raised 168 million. There is demand that is sending the shares