Up. 8 30 in the u. S. , Consumer Price index. Finally. A look at inflation that is not affected by the weather. Inflection. A little 10 00, Richmond Fed Manufacturing activity and existing home sales. The bell,efore cocacola, mcdonalds, lockheed martin, verizon. After the bell, microsoft and electronic arts. Prince george turns one today. Very important. No question about it. Today have any idea what is coming . The Birthday Party was a huge hit. Lego party. When i was a kid, i had legos. I made them take my bucket of legos in the car for car trips. Not sure my dad appreciated that. N ive stopped many a toe o legos. Bonds, currencies, commodities. Market is turning. Futures advance, 10 year yield under 2. 50 . Euro weaker and hyper carbon euro weaker and hydrocarbon elevated. Vix churn. 12. 821, pretty good, equities have been resilient. Dow above 17,000. Yen weaker after two days of strength. Gold strength. Scarlet will talk about the german 10 year yield. Heres the dollar, spiking hi
The byproduct of that. We have a twohour break. We have a few thunderstorms especially out towards rio vista and discovery bay. I think there will be more later on. The secondary piece of the cold air is beginning to move in, especially in the north bay. It started on the marin sonoma coast. There is a line between novato and petaluma. But a stronger one in guerneville, calistoga, lake county, mendocino county. A couple of lightning strikes reported off the mendocino coast. Thats the next band moving in. Out towards eastern solano, contra costa county, things are beginning to develop as that system also starts moving into napa county, near Bethel Island just now east of rio vista and french camp. Not much, a little line forming southward. What were waiting for is whats swinging in. That could give us a round of showers also possible thundershowers. We sent him north. I dont get a chance to do this very often but send it to sal castanedo. What are you in novato . Reporter thats right. I
The masters of the fire pit take us and show us the world of the luxe barbecue. And my producers try to stymie me with the mystery guest. That is coming up next. Lets get headlines from carol massar. The retailer out with numbers that phil short of estimates. Sales plunged 12 compared to last year. Direct tv. To buy at t would gain more than 30 million video subscribers in the u. S. And in latin america. At t would pay 95 for each share of direct tv. And telling Donald Sterling that it intends to force the sale of the team in the wake of racist comments that got him banned from the nba for life. From only for life. They have until may 27 until to respond. The u. S. Government has filed a criminal case against Credit Suisse in federal court. The Justice Department alleges that Credit Suisse has aided citizens in tax evasion. Phil mattingly joins me. What do you know about this case . We have been waiting for this case to happen. The justice apartment in department in virginia filed a cr
U. S. House passes a bill to avoid the fiscal cliff, but president obama warns us he doesnt want to go to the brink in the next fight over the debt ceiling. I will not have another debate with this congress over whether or not they should pay the bills that theyve already racked up through the laws that they passed. The budget deal boosts asian stocks in hong kong and australia hitting 19month highs in the first trading session of the year. European equities also share a deal out of washington despite more gloom from the eurozone. Manufacturing has continued to contract according to the latest pmi. Okay. 2013, a warm welcome to viewers of Worldwide Exchange. My special families to a family called the wards. Thank you for hosting my family over the new year. Personalities out of the way, eurozone, still looking glum despite the Market Reaction to the fiscal cliff deal this morning. To recap, the eurozone december following manufacturer pmi, 46. 1, the flash was 46. 3. The final output i
Host our conversation continues, looking at cushing oklahoma, and the role it plays in the oil industry. We want to go up to new york now, where Daniel Yergin is joining us. He is the author of both the quest, and the prize. You have been to cushing oklahoma. How would you describe it . Guest you see all of the tanks, and it is quiet, and you have the oil moving at the stately rate of four miles per hour. It is very calm, yet you realize it is one of the notable points in the oil industry, and we see on the reports of what the oil price was, it all goes back to cushing, which has been a great gathering point, really, for about a century now. Host why does it all go back to cushing . Guest there was an oil field discovered there before the First World War and it was called the queen of the oil fields, and at one point it provided 22 of the u. S. Total oil, and a lot of the oil produced by the u. S. Army in europe was made in cushing oklahoma, and the oil system was old, but the Pipeline