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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 ye ....
German Business Confidence unexpectedly weak. Green arrows at a 40month low. Our road map begins with what to do after the selloff. We finally have a dow component raising guidance but has anything changed with 40 of S P Companies beating on the top line . We travel to get cramers take on at t. Facebook is up 20 plus percent this morning. Thats after beating by a penny and showing signs its monetizing mobile at a decent clip. Upgrades are in full force. Shares are still to be unlocked. If theres a true disappointment, it might be netflix. Missing its target on the year on subscriber growth. What does Reid Hastings need to do about that . First off, markets looking to bounce back from yesterdays selloff in which the dow fell more than 200 points for the second time in three sessions. Havent done that since last thanksg ....
And he will join us live from there starting tomorrow. Theres a lot of big guests lined up. Could be a lot of fun. Earnings central is in full swing today. Among the names that are reporting before the bell, we have dupont, Johnson Johnson, travelers and verizon. Four dow components before the bell even rings. Our newsmaker this morning is duponts ceo coming out want 8 00 eastern time. After the bell, Technology Takes center stage. We will hear from google, Texas Instruments and amd among others. And friday, the 49 mothership and it was good. Revenues above expectations. And also a little beat on the bottom line, but a lot of the different Business Segments doing well. All clicking and stock was up above 22. Comcast traded over 40. I saw that, too. And it m ....
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