Off the coast of taiwan. Rescue crews are searching the rubble for missing people. All that. Theres your highlight. And all that matters. Three, two, one. Spacex made history with the first test flight of the worlds most powerful rocket. Whoo go baby go on cbs this morning. Theres no crew on board. Only one special payload. A tesla roadster which elon musk says will go deep into space. We think its a dummy sitting in the drivers seat, either that or a very underpaid intern. D this mornings eye opener is presented by toyota. Lets go places. Welcome to cbs this morning. Gayle likes the intern car. Weve all been interns. That. Ill do that. Does somebody have a claim check . The u. S. Says it will unveil its toughest and most aggressive sanctions ever against north korea. The could dampen hopes the two sides could meet at the Winter Olympics. Vice president mike pence discussed the sanctions this sayi morning without saying what they. Ill be. He spoke in tokyo after mee to japanss prime mi
And chance the rapper shows us how the open mike program he started in his hometown of chicago helps change kids lives. But we start this morning with todays eye opener, your world in 90 seconds. The u tats of america will soon unveil the toughest and most aggressive round of sanctions on north korea ever. The white house vows new action on north korea. The era of strategic patience is over. If we dont change it, lets have a shutdown. We deal a shutdown. Its worth it for our country. President trump still isnt ruling a shutdown over immigration policy. We had one shutdown. Nobody wants another except maybe him. Steve wynn is stepping down as chairman of wynn resorts amid Sexual Misconduct allegations. A highspeed train suddenly breaking apart on its way to new york. Fortunately no one was hurt. Its very scary. Wall street rebounded from mondays freefall. Its still a bit of a rollercoaster ride. I think this is a day traders are happy to walk out and be done with it. A powerful earthqua
The cac and ftse are weaker. But spain has picked up, 1. 2 gains there after the catalonians did not go ahead and declare independence lets look at whats happening with crude oil prices. Yesterday another gain in crude oil prices this morning up 41 cents now talking about wti above 51, 51. 33. A couple other stories were watching china urging the United States to halt the threats of violence against north korea. Chinas communist party own newspaper saying the war on the Korean Peninsula would be craftic and dialogue remains the best option. Concluding trumps strategy could backfire bigley. They used bigley . They used bigley. Yesterday the u. S. Flew two bombers over the Korean Peninsula in a show of force fireeye reports that hackers linked to north korea north korea recently targeted electric Power Companies using fake invitations to a fundraiser to target victims on todays wall street agenda minutes from the fomc meeting come out at 2 00 p. M. Eastern time we will hear from charles
Big day for retail. Walmart announcing the best quarter in more than four years. Home depot beating estimates. Kraft drops its 134 billion takeover bid. Irene rosenfeld will join us later. New records. The dow up more than 4 since Inauguration Day. How long can the trump rally last . First up, walmart reporting a better than expected quarterly profit. Revenue just shy of consensus. Online sales up 29. Home depot beat its Quarterly Results. Boost the dividend. Macys posting a revenue miss earlier on squawk today. The ceo addressed speculation the company is up for sale. First of all, youve heard it talked about, rumors of the Company Buying us. Yes. Youve also probably heard the rumors that were buying them. Yeah. So what i can tell you is this, that were going to do the right thing for our shareholders and were not going to be a highly leveraged retailer. Those movies never turn out well, and weve seen that before. A lot to chew on here. A lot of discussion as far as macys goes as far
Well but they are not doing much for stocks. Not seeing a big decline. One would think, a b that is because it is bringing forward when the fed might raise rates but we are not seeing bond yields rise or the u. S. Dollar. Take a look at the bloomberg map. We have Energy Shares trading higher, Consumer Staples lower. A Diverse Group of groups doing poorly today although it seems like there is a little bit of a rotation out of the defensives. Within the Consumer Staples, have kraft heinz pulling back today. It does not look like a specific catalyst that is driving them lower. In terms of the dow loggers we have cocacola and then we have been talking a lot about the home depot. They said the First Quarter would likely be the high point for the year in terms of sales growth. It is off from january to february and february to march, slowing sales growth. That appears to be behind what we see in the selloffs. Scarlet and a bright spots . It looks like energy is the bright spot that it is not