Equities were favored over bonds but the flows into equities moderated into october. As for december, it historically has been the best month on the average for the dow and the second best month for the s p. This morning the futures, when we get into the trading month for december, you can see they have barely budged. Dow futures by 4 points, s p down by 1 and nasdaq up by 1. 5. Among the eye lights, we have the European Central banks last meeting of the year. In the u. S. , a first revision to the Third Quarter gdp comes on thursday. Friday, the big number. The november jobs report. Markets watching that very closely to try to figure out what the fed is thinking about all of this. Steve, ill send it over to you. Thanks, becky. Lets talk shopping. After the First Official weekend of Holiday Retail. The National Retail federation reports shoppers spent less than they did a year earlier. The nrf suggests shoppers spent 407. 20. Online sales soared. Meantime, Research Firms say the traffic at brick and Mortar Stores increased. Sales rose by 2. 4 thursday and friday. Well talk to famed retail analyst dana telsey in a few minutes. Are you okay . Me . Are you a little scratchy . No, im good. You are . Yeah. You have no issues . Im just fighting something that my kids had, thats all. You are . Yeah, im good. Oh, no. I feel good. I feel good. You wont come over here i can stay over here if you want, joe. Thats okay. The whole show. You know, he sat in your seat on friday so that means that was before my kids had it. The germs are already there. Isnt there like a sevenday incubation period . You were making me think that i was not hearing it in your voice. There is something going on, i can hear it. All right. All right. You can come over here, relax. This is not that Dustin Hoffman who have movie. Okay. Lets check on markets this morning because december is a big month. What are we up now . Are we up 25 . 10 is possible to do in a month. You think this is 35 . I dont know. I never thought it would happen again. I said how much how great it was when it happened three straight years in the 90s. That was a stock market. That gets people excited. That makes people money. Im not saying thats going to happen, but december historically is one of the strongest months. Its not completely unfathomable to think that the s p could be up maybe 30. I mean, 30 is possible, isnt it . I made it that was a while ago. For 2012 but we were up in 2012. I cant get it exactly right, but the market has been up i think 40 since then. Just getting the direction right is a good thing. No one knew what was going to happen. Anyway, so, lets we talked possible. Drones. Were going to talk drones. We will. We will. We will. Called a tease. Theres a million things to think about with the drones. My mind youve been racing with this. Because its like the jetsons. Have you seen the future of this . Yeah. And theyre designing flying cars now supposedly. You saw that last week. There will be a lot of things up there supposedly. Were not gravity will still be around, right . Right. Not the movie. Amazon can repeal that . Dont they have enough money for that . You know the website designer theyre using for the navigation on this. The Canadian Firm that did obama care. Thats the one that theyre using for you know, i hear my mother saying, you could put an eye out with that. You could put an eye out with one of these things, couldnt you . The place where you it would be way far away from everything. The place theyre using it are where youre getting most orders, manhattan. Thats insane. Ive said that lets say we get the biggest business guest in the world, who is it . Is it warren buffet, is it bill gates . Right. Right. Our biggest business guest is not charlie sheen, is not as good as a d level lindsay lohan. Right. So when d in terms of eye balls . Yes. So when 60 minutes decides to go slumming into our realm where theyre doing business people. They get meredith whitney, she says the world is going to end. They need something big. Jeff, were thinking about putting you on. What have you got . Give us something. Yeah. I think laura logan said, hey, buddy, you were there. Whats the biggest thing youve got . Maybe that didnt happen n. This case i think they ask him, bezos, what have you got thats going to make you worthy they just kind of cooked this up, you think . I think he thought, you know, 60 minutes, they think theyre so smart, lets see if theyll actually run this story. Lets see if theyll believe that im going to send packages through drone delivery. You just are a scrooge on this bun. I mean, i think i think im all over this. Did you see what the faa said . In 2017. Are you kidding me . They said 2026 before theyre going to get the majority of the route. Im going to be the people will demand it. The singularity could happen before this. I might be cybor. I think whats more interesting is you sitting on your property with a shotgun and shooting down a drone when it comes over your property. Thats interesting to me. The first organ im going to have replaced by a machine, too, are my eyes. Your snoois. My eyes to be able to see. You were worried, werent you . I know you were. Anyway, in global my eyes. Why, what did you think . Joe, i had no thought at all. Okay. I had no thought. It didnt even occur to me what organ you were talking about. In global news it expanded in november. Major asian markets closed as you can see, a nice one in hang seng. Lets get now to europe. What would they think of this . The drones . Yeah standing by in london. As they leave the distribution center, ross, carrying something, are they theyre not like 30 feet off the ground. Do they start out high and then come down . Given air space that theyll be able to travel in and theyll travel at that level. Thats crazy. I was at a fancy party and im not going to mention who in the hamptons last summer . Recently. There was a drone taking pictures of people. You had one of these things. Bumping into the house. Ross, did this make its way across the do you think hes junk yanking our chain . Do you believe in drones by 2015 . Number of issues. Im not sure it works in a builtup area. I dont know how a drone is going to deliver anything in london, for example. There isnt the space. You cant just land a drone for an apartment. I dont think thats going to work. Ive talked to firms that are using drones for delivery for aid and in remote parts of the world. In most markets where you have very poor road access, drones there work brilliantly because its literally up and over and down the other side of the mountain. Couldnt a drone get you a beer at the pub . That would be something that would capture the imagination there, right . Thats an australian barman. Exactly. We dont need theres nothing wrong with a nice australian pulling a pint down at my local. Thats perfectly fine. Dont need the robot to do that. Theres an art as well. You have to get the head right, steve, on pints, all right . And i dont know if a machine could do that better than man. Drones aside, today we are down. Decliners outpacing advancers by roundabout 7. 38 and were on the session lows as well. Joe was talking about the data we had out of china. Plenty of data out of the european area as well with pmi. Footsie was down. Up 43 points. Xetra dax is fairly flat. Were up. Alltime highs, 9,300. The ftse down 1 1 3 . Talk about the china pmi data. That did have an impact in terms of booting commodity accounts. The kiwi and the aussie. Take a look at the sector breakdown. Retail resources, one of the best performing sectors though it is still fairly flat. Travel learn sure up. 4 . Food and beverages are up. Pmis in the eurozone that ticked higher but they were still weak in france. In fact, that economy is contracting and better pmis out of the u. K. The u. K. Economy firing on all front at the moment. Back to you. Ross, thank you very much. Again, ross westgate, well check in with you tomorrow. Retail, another holiday kickoff, its come and gone. How did the retailers do. Joining us is dana telsey. The reports that ive seen suggest this wasnt really a build. Sales were actually down over the weekend. It makes you wonder if opening earlier on thursday is worth it for all of the big Retail Companies . It definitely seemed as if sales on thursday pulled from friday. Even a little bit from over the weeken weekend. Overall when speaking to retailers, low Single Digits is where the game was. So what does this mean . Was this a mistake for them to open early like this . Was this simply an issue that the retailers started talking about the holiday sales as early as november 1st i think in walmarts case . What happened here . I think that you basically had the promotions and all the advertising for it starting way before this thursday or friday of thanksgiving and black friday. You had many deals begin on monday and tuesday, and the consumer got washed out as they went through the weekend. I think you still have 40 of Holiday Season sales that typically occurs december 15th through the 25th. I think when all is said and done, well get some reports on thursday from the retailers themselves. It will show a low single digit increase at best. I think we will have more retailers opening on thanksgiving day more this year than last year. If it didnt work this year y would they do it next year . Because you had big traffic 8 00 p. M. Until 2 00 until morning. That was midnight to 6 a. M. You had probably better sales growth, 8 00 p. M. On thanksgiving day than you did midnight to 6 00 a. M. If thats the case, do you buy these stocks. I think overall First Quarter and end of the fourth quarter, best performing times for the retailers. The names that did well, best buy, deckers, it was gap, it was macys, it was kohls who we thought had good weekends. Id say you buy the stocks going into this Holiday Weekend. You do get a lull in the next two weeks and then they come back. You want to watch the names right now. Dana, did you see this National Retail federation report that everybody is talking about which kind of put the gloom on the Holiday Shopping weekend . Yes, i saw the lower average amount spent and this was a survey of 4,000 people. I think when you look at their numbers compared to others numbers, it seems like directionally certainly maybe a little bit slower than last year, but a decline seems harsh. Let me give you one piece of data from here, which is that nonHoliday Shopping actually fell. The percent of people who said they shopped for nonholiday stuff fell 3 points and the percent who shopped for holiday rose 3 points. So we cant really say that Holiday Shopping is down to the extent that people are just not shopping for nonholiday stuff. A lower percent of people are shopping for nonholiday stuff. What accounts for that, do you think . I think overall you still have selfgifting thats very important. I think black friday, a lot of it is buy for yourself and then look for the gifts for others. You have the cyber monday coming up also. I think spending on the home is what consumers are spending on themselves . Selfgifting. I like that term. I think it is. Well learn more about that. Dana, thank you. Great talking to you. Now back to the horrible story we mentioned at the top of the hour. Four People Killed and more than 60 injured after a crash in the bronx. Mary thompson joins us. Mary . Reporter thanks, steve. Over my right shoulder you can see the scene of sundays fatal accident which you said killed four and injured at least 63 ores. Now from our Vantage Point we can see the accident scene which is very well lit. There are emergency workers down there. Investigators have been there since noon wednesday. The National Transportation safety board is heading up the investigation into the accident and it expects that investigation will take anywhere from 7 to 10 days. Heres ntsb board member earle wenner. Throughout the next few days our investigators will work on scene to thoroughly document the accident scene gathering the factual information. Our mission is to understand not just what happened but why it happened with the intent of preventing it from happening again. Reporter now yesterday morning at around 7 20 a. M. A seven car train with about 100 passengers was traveling to Grand Central administration. It jumped the tracks about 11 miles from its destination. It stopped just short of the intersection with the hudson and harlem rivers. The black box has been recovered. The trains engineer who was injured will be questioned by federal authorities today. Some reports say the engineer said he applied the brakes as he approached a significant curve up here on the bronx but the brakes did not work. This is the latest in a series of problems for the nations busiest Commuter Railroad. This means likely that 2013 will be the deadliest for metronorth since 2007 when seven were reported. It also means the commute for those taking metronorths hudson line which serves about 19 or 53,000 of its average weekday passengers will be disrupted until the mta can repair the tracks. That wont happen until the ntsb includes i had investigation. The ntsb is expected to hold a press conference and well bring the latest to you when we have that information. Thanks, mary. Joe . Scary. We took the train twice since ive been in to work on thursday to go down to the parade and then we went to a rangers game. Then the next morning, shocking. Its the last thing youre thinking about around the holidays, that all youre trying to do is get somewhere. You think youre doing it safely. Right. Exactly. Just really bad story. My familys been traveling metronorth for 50 years. Yeah. I mean, it is a rare thing and but i i saw some of the coverage and i recognize exactly where that is, you know . I mean, its right outside the harlem river. Hovering over us. Coming up, much more on the buzz story were calling it of the morning. Amazon testing the delivering some packages using drones. I guess anything is possible. I mean, the jetsons was in the 60s, right . Taking a long time to get to that. That was a cartoon . I know that. But you can talk about the possibility of these things long before its really going to happen, cant you . Well have some comments from jeff bezos. Hell never be on our show. First as we head to break, alex wilson joins us from the weather channel. Were talking about our newest winter storm. Snow and rain are coming to parts of washington and oregon this morning. A lot of the western part of the u. S. Going to see that. Parts of idaho and montana. Around fargo, minot, wintery mix from bismarck over towards min knee app poe lis. Duluth, snow. Cleon bringing wintery mix to places like minneapolis. Snow through parts of north dakota and northern minnesota. Even on to wednesday weve got more snow ahead for parts of minnesota and the dakotas. Rain snow into places like green bay. Heres your snowfall forecast, 18 to 24 but in this deep purple a foot to a foot and a half. Snow isnt the only story. Were talking about some very cold temperatures. Arctic invasion pressing south ward as we go through the week. Much colder air. We are talking about serious and dangerous cold. These temperatures are going to be plummeting. 35 today in great falls. 25 in minot. Might think thats cold enough. No, tomorrow, 7 in great falls, 14 for a high in minot. By wednesday, minot will hit 1 degree for a high temperature. By thursday, minot, north dakota, this is your high temperature. Minus 7. Well be dealing with lows minus 18, 19, 20. Minot, north dakota, today 14, tomorrow 1, minus 7 and minus 12 by the end of the week. Well be back after the break. Every day were working to be an Even Better Company and to keep our commitments. And weve made a big commitment to america. Bp supports nearly 250,000 jobs here. Through all of our energy operations, we invest more in the u. S. Than any other place in the world. In fact, weve invested over 55 billion here in the last five years making bp americas Largest Energy investor. Our commitment has never been stronger. Right now right now to start the day with executive edge, this gives Business Leaders a leg up. Amazon is testing delivering packages using drones. The unmanned vehicles that could drive through the air, that will represent 86 of the packages maam zon delivers. I know it cant be before 2015 because thats the earliest that we could get the rules from the faa. My guess is thats probably a little optimistic but could it be, you know, four, five years . I think so. It will work and it will happen and its going to be a lot of fun. Yeah. Hes even starting to look like megamind to me now. You know, im going to take the other side now. Oh. If someone had told you ten years ago that you would be Walking Around with a little thing that you could watch tv on and send, you know, wireless messages, we wouldnt have believed that either. Four to five years from now . What concerns me is theres a limited amount of space. I think people try and work these drones. Theres really not a limited if you think about how much is up there. You look at how many planes are flying at any given time. Do you know what they call this corridor right down the hudson next to our offices . This corridor down the hudson, they call that suicide alley. There are so many plaines. The fact that you put drones on top of all of those things. Drones seem to be big enough where if you hit one with a small plane, even if you hit one with i dont know, how high do they fly . There would be a lot of you know, you have to have a lot of air traffic control. We need the rules from the faa. But i also as theyre coming down, you dont want one landing on your head. Right. You know, because theyre you know, to keep something heavy in the air, it takes a lot of massive power on the whirlie. I think the two of you guys should just get used to t. Its coming. Drones are coming. I think its coming. Theyre going to be an efficient way of delivering goods. Its exciting. Big game changer. I cant get a pizza in half an hour. Im skeptical about the you know, becky, that may be another possibility. It takes a while. Can you imagine a pizza delivery it captures my imagination. Im ready. I think 2015, im not necessarily buying that. He admit