Its down 1 . Shanghai is down close to 1 . We are getting news out of reuters japan manufactures may cut profit targets. That is certainly a story that the market is watching. Heres whats happening in europe. The ftse 100 in the uk is the only average that is positive although only by about. 10 . Good morning. Well get to politics in just a minute. Starbucks missed forecast for the Third Straight quarter. Customers making fewers visits. Earnings matched estimates, but revenues fell short. Changes to the Loyalty Program and happy hour weighed sales. Also cutting annual sales growth target to 10 . Chipotle experienced a drop. Free food and Safety Measures failed to bring consumers following several food born illnesses last year. Dow components is set to report this hour. Well bring you the numbers. Thats about 6 30 a. M. In about a half an hour. All right. Scott. Good to see you. Thank you for being open to the early wakeup call. Get through this together. If we were up late. No better w
York. Lets take a look at new york city itself. Temperatures right now, 49 degrees. You might say how is it going to snow . Trust uts, it will happen later this afternoon. It will be snowing at 37 degrees. That can happen in the atmosphere. Were in the 1 to 3 inches range here. Heading out to long island, less than an inch there. Were looking at 5 to 8 inches of snow. Thats the case in other major cities, as well. Washington, d. C. And the 1 to 3 inch rain. The general rule here is 95 is going to be your dividing line between that heavy snow to the west and the lighter snow to the east. Still, its not going to take much today. Take a look at boston, youre in the 1 to 3 and 3 to 35 out towards 98. West, 12 to 18 inches of snow. So you have some flight problems, you obviously have driving problems. The timing on this . Its going to start at rain as it already did. Were going to watch that mix over. The rain snow line is going to drive down to the south. Later on this afternoon, a lot of
Four percent from february. Out. R and conagra will be also, nike. Today is the beginning of march madness. President obama will make remarks on the economy at 2 00. It has been a long winter. It is on the edge of warmth. I would not rule out that it is over yet. The groundhog did see his shadow. Easter is april 20. That is a long way. Lets do a data check. We saw Market Reaction yesterday. The yield goes up. It balloons. He euro dollar is 1. 39 crashed as yet no went weaker as well. I want to go to the chart. Two year yield 0. 42. Heres how far janet yellen has to go little move up in the two year yield. We have so far to go to get back to any sense of normality. Or 2016. Ay 2015 no other way to look at. We did see some market move yesterday. We scoured the papers this morning. There is one story front and center. I am all over this. It is day 13 of the missing Malaysian Airlines flight. There was a breakthrough. Satellite imagery the tech did objects in the south indian ocean. Planes
The chief executive and the banks cheryl have both come under pressure from swiss politicians to resign. 2. 5 billion is coming from shareholders. The officials are accused of stealing american trade secrets through cyber espionage. Beijing summoned the u. S. Ambassador to china and says its military has neveren gauged in cyber spying on businesses. Eunice yoon will have more from beijing in just a few minutes. Thailands army declared martial law nation wood today. The army denies it is staging a military coup, saying the goal is to restore order after six months of street protests. The caretaker government maintains it was not informed about martial law in advance. The u. S. Says they are monitoring the situation in thailand closely. We have a couple highlights but hg, home depot, out with earnings. The stock is moving around a little bit. The number itself before we look at the chart is 1. The Company Earned 1 a share. The estimate was for 99 cents. That is a little bit above. The re
press conference. and folks are wondering if they will be ready to hike prices. let s look at how we re settling on wall street today. volume deadly on this summer day. 1358 is where the doucetles out. staying above 1400 for 1402, and the nasdaq down 20 points, two thinkers of one percent. it seems to be the tweet herd round the world. bill gross following the federal reserve minutes. he says it makes qe 3 an 80% probability. translate that and he means he thinks it s very likely that the fed will stimulate the economy again and keep interest rates incredibly low into the foreseeable future. bill joins me now in today s market panel to talk about that and more. jeff cox, cnbc senior writer, and jason treanor. bill gross, first to you, do you stand by that call despite what we heard today. even more so today. the fed is basically asked that price oriented into the extent that the risk markets as evidences is down. what the fed minutes told us yesterday is that addition than