Guns, a significant improvement from the february number, that is that pmi data the one more looked at . 51. 8 is a good number. The last time we were this high , higher than 51 point eight, so a near fiveyear high for the manufacturing index. It points to the moderate increase in manufacturing sentiment. In february, 51. 8 now in march, 51. 3 in january. It backs up the early indicators , satellite manufacturing index, 51. 8. Rishaad it is strange how this nonofficial data tracks. It is actually backing up the state numbers. Yes, they may be accurate. It is from the National Bureau of statistics. In march, the numbers in the pmi upwards because of the distortions from the Lunar New Year holiday. Aberration, but a positive sign for authorities trying to put some stability into this economy. Were speaking to some clever people at the Credit Suisse conference. What is the general consensus of where the chinese economy goes from here . Is it all being managed . Again, its not the most exc
Blockbuster retail sales in the uk, strongest in a decade. We begin with retail, moving the markets. Luxury outperforming again as tiffany and burberry top estimates. Target slashes its forecast. The good news, sales were not the disaster that some were expecting. Bulls hate it, bears hate it, a pullback in the market. Its a great market if you have a bit longer than half an hour to invest. Plus break out the shopping list. Google revealing it plans to spend billions overseas and the reason for optimism. Jims exclusive with sales force ceo. Why it is the canary in the coal mine. First up, tiffany did report better than expected numbers as profits jumped 50 on strong global sales. The companys raising its guidance for the year. Then theres lowes backing its outlook despite weaker than expected q1 earnings as Severe Weather did hurt the stores. We will talk about target, too. Lets get to tiffany. 97 cents crushes 78 cents. I love this quarter. This is about really all the globe with the
In the nonmanufacturing composite will report numbers. Not a lot of earnings today. Of that, withside the adp report, we begin with the American Labor economy go into a 30 friday morning. Betty liu will pick it up with in the loop on friday. Look at the data check. A big move yesterday. Subdued today. Still living the joy of a wonderful tuesday. 10 year yield back to 2. 69. Scarlet, you are rudely interrupting. We have the bank of england coming out with their interestrate decisions tomorrow. That is tomorrow. A little less pressure on the ecb doc tomorrow. And we have the draghi press conference. And john kerry meeting with lab rock in paris this morning. Let me give you a shot of the ruble. Heres what putin is worried about. A week in russian ruble. Here is the panic. Then we rollover. We really have not come in all that much. That is an elegant chart. By no means technically are we long ruble, strong ruble. The good news in the last 24 hours. We have look at the newspapers this morn
This morning after the dow and the s p toastposted their best gains of the year. And carl icahn said one company has the worst Corporate Governance hes ever seen and Steve Ballmer making his first address since leaving microsoft, he did not disappoint coming to you later this hour. But first up well start with the markets, stocks coming off a record session, the s p a record high and the dow and the s p having their best day since december 18th. And adp showed the economy created fewer private sector jobs in february as the cold weather restrains hiring. You said the data has been okay. The durables and the chicago pmis have been all right. We have great data out of europe pmi. How could the economy be good and stocks be good and employment be bad . The economy is not necessarily good its delivering but with the employment weaker and the macromanufacturing come out and continue to amaze and the Mortgage Application number this morning that is strong. If you get russia off the business
[applause] were coming to your city going to play our guitar and sing you country song ainsley good morning, guys. Pete good morning, ainsley. Ainsley its great to have you guys on the curvey couch. Pete steve and brian are out but we have tv todd piro. Todd remember the first time you bought me a coffee had had all sugar. We landed from iowa i got two hours of sleep but im ready to go. We had an awesome time. Wait until you see the stories we did in iowa. Ainsley when will we see them . Todd one tomorrow with the field of dreams and one that makes the plates that go in armor. Amazing guys and amazing story. They were recognized by trump one of the made in america top 50. Meet them in a few weeks. Ainsley the president was in ohio yesterday yesterday speaking to a grouch union builders. Here is a clip if you missed it. I love the smell of a construction site, right . There is something about it my administration is fighting every day to protect and defend and grow american jobs. We are