fastest rate in almost two years. uk giant tesco is getting hammered, down about 15% on a profit warning. this joufr seas action comes after the dow and the s&p 500 posted their biggest drop since late october. commodities and tech stocks weighing on the markets. crude oil dropping more than 4%. check this out, it s up slightly at this point. it closed yesterday at 63.05 wti. still sitting below $64 a barrel at $63.65. brent sitting at $66.63. we ve been watching all of in this morning. as you check this out, take a look at the futures this morning. not much to key off of in terms of positive news. s&p futures off by 6 and the nasdaq down by 14. a huge part of that has to be the lead story in the wall street journal saying the fed is now signaling it s going to shift on lower rates, actually raising rates in the next year. that takes away what some people had been anticipating, thinking that these low oil prices will take pressure off the fed. job number changed everythin
five years. our road map begins with the sell-off in the markets. renewed concerns about the economy. just out, abercrombie and fitch ceo stepping down. a controversial figure on cramer s wall of shame. stock s up 8%. verizon with a warning, a surge in new subscribers, but promotions and price cuts are going to hurt profits. first up, stocks on track to extend losses the day after the s&p recorded its worst day since october. got weakness in the energy sector. got worries about the fed changing language. on december 16 and 17th. something you were tweeting about at 4:00 this morning. right. one of the things you have to accept is when we are doing better than everybody else, it s ridiculous for the fed to stick by the considerable time. a lot of time has passed. considerable time, there is a finite moment. if you keep saying considerable time, you are getting closer to that moment and we re there. i don t even think necessarily that is what s causing this. china was just a
porky pig. overnight in asia, shanghai and hong kong down sharply, some disappointed in that four-day meeting of leaders and bank of england cutting its forecast for inflation. macy s 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 bloomingdale s doing well. big name for my charitable trust. ta terry lundgren has been able to go against amazon. in is always who s got the anti-amazon game plan. he can move around merchandise. he s got my macy s, the regionalization. if you go there friday night in pittsburgh, you will find steeler-like clothes, raleigh, north carolina, it s bow ties and sear sucker. t
a lot of selfies. including one with the show s star, steve bushemi. i to this take think those were only flashes. none of those cameras had any film in them. when you walked the red carpet? yes. and to get that many people to cooperate, to pretend they were not pretending. well, they weren t, but we did get introduced and they were like because what happened is you were so late because you didn t know where the bridge was, you were so late that all the stars arrived and they all go in last. so we walked through with them. so they were confused. they were like, there s a lot of customers. they thought we might be part of the andrew it served you well in that case. it did. otherwise we would have been welcome but then you left and i walked the whole premier alone. he was this is what a the mandate. it wasn t a mandate, but there s wing men and there s buddies and i was there. i was there for you. you were there for ten minutes, and
destroys the boardwalk in new jersey. what firefighters are doing to quell the flames this morning. james: we now know the cause of the wildfire that s charred mount diablo. details on the latest with that fire, coming up. it mark: and syria takes steps toward surrendering its stockpile of chemical weapons but get a check with the weather. mark: good morning. as we head into the afternoon expect temperatures to be a few degrees warmer than yesterday chris albrecht - 7 day around the bay forecast coming up at 715. good morning george. j.r.: thank you there cup sprint erica. the accident is completely cleared and the back of reached into the macarthur maze is no longer. at present we re not at risk of scene at the san mateo bridge back up. there ride to the golden gate bridge, and steady with no delays for the southbound or northbound rights. the darya: 702 right now. officials aren t speculating, yet, on what caused the fire that tore through a famous new jersey boardwalk