European central bank and the bank of on england are holding policy setting meetings today. The ecb is trying to deal with the slow recovery and inflation thats too low. Well have a live report from our colleague, Geoff Cutmore in frankfurt in just about ten minutes. First, andrew has some of the morningss top stories. Good morning. Thanks for that. A number of stories out about the Retail Industry this morning. Some of the nations largest stores will be reporting december comps today. Also, costco, one of the first out of the gate. The warehouse chain posting a better than expected 3 increase in december comp. The retailer was helped in part by online sales. Macys cutting 2,500 jobs as part of a reorganization. The Company Plans to close five stores, but open eight others. Macys says the move will save 800 million per year. The company reporting a profit above wall streets consensus. Take a share that i a look of shares of zs today. The specialty retailer cited quarterly outlook. Shar
Tonight your out of control government. Fresh, new documents out now obtained by fox news revealing even more red flags of obamacare was not ready for its big october 1st launch. Just days beforehand. This despite repeated allegations that the president had no idea. What is worse, emails by the top brass reveal different ticket tried to spend the news to the public abandon now, what he was saying is that the white house has fears about hc. This is just days before the october 1st launch. Can you think about a better way to convey to the public when a site is not available. The scene now goes on to say that they can imagine that the that the media would have a field day taking screen shots of the website that did not work. Response and reaction. The media did have a field day. And not just for a couple of days. And when on for months. This is the triumph of the combination of year and overconfidence that just around the corner there will be a solution that will fix everything. The gover
The worst days weve seen in months. The s p posted the first threeday losing streak in two months. The dow logged the first backtoback declines in a month. The dow transports dropped about 2 for the worst day in two months and all of this was, again, as you saw the crude oil prices pushing higher. The dow futures are indicated up by about 13 points. Take a look at whats happening in the early trade in europe. Red arrows there, as well. Biggest declines at least from a percentage basis coming from the ftse in london down close to 1 . In asia overnight, the markets that you are watching did see green arrows, in fact, the shanghai up to close to 1 , nikkei up close to. 8 . And here in the United States looking at the bond market, youll see right now that tenyear note is yielding 2. 95 . The dollar this morning, down against both the euro and the pound. Its trading against the yen. The euros at 1. 3572. And gold prices yesterday rallied by about 1 . That was the best day in almost three mo
Government. Fresh, new documents out now obtained by fox news revealing even more red flags of obamacare was not ready for its big october 1st launch. Just days beforehand. This despite repeated allegations that the president had no idea. What is worse, emails by the top bss reveal different ticket tried to spend the news to the public abandon now, what he was saying is that the white house has fears about hc. This is just days before the october 1st launch. Can you think about a better way to convey to the public when a site is not available. The scene now goes on to say that they can imagine that the that the media would have a field day taking screen shots of the website that did not work. Response and reaction. The media did have a field day. And not just for a couple of days. And when on for months. This is the triumph of the combination of year and overconfidence that just around the corner there will be a solution that will fix everything. The government for its really did not h
The jobs number. The nikkei is now up 50 for the year. That is the best since 1972. Our road map begins with momentum from fridays jobs numbers. Markets looking to extend their momentums today after the dow and the s p turn in their first jump since a month ago. American Airlines Begins trading today after they blocked the merger of american and us airways. Mcdonalds samestores sales. If you are attempting to travel for business, were going to get you updated on the fallout from the big Cross Country winter storm as it moves out of the northeast. First up, stocks hoping to continue their upward momentum from fridays jobs. A 198point jump in the dow sent the blue chips up above 16,000. They saw their weekly winning streaks snapped at 8. We came within. 75 of a point on the s p of making it nine straight weeks up in a row. We havent done it since 04. Missed it by that much. Lack of bad news. We saw friday the beginning of what a lot of people are thinking, wait a second. Maybe the transi