Haidi welcome to daybreak australia. We are counting down to asias major market opens. Annabelle the top stories this hour, asian stocks set for early gains with the best threeday rally since november on bets of fed rate cut this year is still on the cards. Australias reserve bank looking set for a hawkish hold. Haidi and anz with a buyback is the first time i earnings miss estimates. We speak with the group ceo, Shane Elliott. Annabelle israel rejects the ceasefire plan backed by hamas. We check on how u. S. Futures are coming online this morning. We just come off the best threeday rally for stocks going back to november of last year. The s p 500 pushed above its 50 Day Moving Average in the prior session. It all comes down to a Solid Earnings season that has been driving optimisms and expectations at the fed will cut rates later this year. We heard from the citadel ceo about this. Take a listen. There likely there still question of will inflation accelerating up by then. Deglobalizat
Californians dont below that believe that should happen. Are too strict . Reporter now one unintended consequence is that a lot of times these sex offenders cannot find any place to live and so theyre forced into homelessness and that makes it harder for police to track them. The court basically struck down the portion about parks but still says they can be required to or restricted from living within 2,000 feet of a school. The exemptions will be made on a case by case basis. Live in san jose, kiet do, kpix 5. The parents of three College Students killed in a deadly shooting rampage in Santa Barbara are taking legal action. 22yearold Elliot Rodgers shot and killed ucsb students last may in isla vista. In a lawsuit filed yesterday, parents of three of the victims say the county and Sheriffs Department ignored numerous warning signs that the shooter was violent and unstable. Two students from san jose and one from fremont were among the victims of last years deadly shooting. An arvicole
His annual vacation in hawaii to deal with the fiscal cliff. No sight of congressional leaders. Theyre not in town. Investors getting a little bit nervous. Will congress get it together in time . No talks that we know of are imminent. It was by at least one measure, the weakest Holiday Retail sales growth since the financial crisis back in 2008, but could a postchristmas holiday sales bounce be around the corner . And what a year it has been for tech. Gadgets and gizmos. Apple, facebook, microsoft all have big news. Will 2013 be a lucky year for the sector . Which tech titans might lead the new trends . Simon hobbs is in at the new york stock exchange. Good afternoon. When president obama arrives back in d. C. , can he prevent america falling over the fiscal cliff . House republicans havent yet called their members back to washington. Our chief political correspondent, john harwood, is with us. John, this feels very much like it might be the calm before the storm in more way than one.
Porky pig. Overnight in asia, shanghai and hong kong down sharply, some disappointed in that fourday meeting of leaders and bank of england cutting its forecast for inflation. Macys beating profits, affirming on the year. And a fight with kraft ends up costing the coffee giant 2. 8 million. Tesla confirming there are no plan foors recall. Outlines his vision and fires back at George Clooney. And doubts continue to compound about completing fixes for the end of the month on baum care. Revenues beat consensus at revenues are up 3. 5 prgs. The ceo says numbers are extremely strong. Sales trends at bloomingdales doing well. Big name for my charitable trust. Ta Terry Lundgren has been able to go against amazon. In is always whos got the antiamazon game plan. He can move around merchandise. Hes got my macys, the regionalization. If you go there friday night in pittsburgh, you will find steelerlike clothes, raleigh, north carolina, its bow ties and sear sucker. The new york store is doing wel
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