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i wouldn t confuse domino s and call kfc fresh and organic? you know what i mean? so why the heck can t mcdonald s throw itself around, too? it s the execution that s been the problem, not the unhealthy food, if it was food, why the heck is whole foods at a 52-week low. if it were about nutrition, how about pepsico keeps churning higher because of the strength of junk food? invite everyone over for the cowboys-giants game. i was happy someone lost. you think i had carrots and celery? i had some of those. look, i own a mexican restaurant, it s a pretty good darn salsa, people have been telling me for years the clock is ticking on frito lay. all i know, when i go shopping for the guy, i press them to bring oem anything else. here s another story people simply cannot put their arms around. they can t believe, the corn popularity of microsoft devices. i m getting laughed at for suggesting microsoft might have some pull? right now, nobody wants it. nobody hates the surface. ....
ten-year below october lows right around 1.8. 30-year, a record low, above 2.40. road map begins like this futures taking abig hit. monthly retail sales log the largest drop since this time last year. banks on the hot seat. jpmorgan misses estimates across the board. we ll hear from wells fargo. good year for gm? auto giant expecting improved profits in 2015. futures extending losses as weaker than expected retail sales in the u.s. and concerns about global growth. sales fell .9% in december even if you strip out gas and autos, sales in most other categories fell below estimates on a day where the world bank jim, says global economy s running on a single engine and that is us. 24 hours ago a mark up 1.5%. everything seemed great. then copper fell kb homes disappointed, next thing you know we re down big. i caution people that we open down very big, maybe midday something happens that s not so bad. i didn t think wells was that bat bad. just disappointing, except ....
guy: the plan may be considered if the greek government fails to convince its creditors that it can secure more funds. a former ecb president spoke to bloomberg. nobody is optimistic, frankly speaking, on greece. we have to be totally realistic and it all depends on maturing of the position of the government understanding that in any case if it wants to deliver growth and jobs, which is the main goal of that government, it has to produce recovery program that inspires confidence to the international community. guy: jean claude trichet speaking in singapore. francine: seems pretty candid. for more, we are joined by one of our reporters. standard chartered bank s chief economist. how do you interpret what the our bloomberg scoop about the ecb? you have to present some reforms and you have to do this as soon as possible. the may 11 europe meeting may be the last date this is acceptable so that greece can present a full list of reforms that bode well with what they want ....
elimination of a single word. patience. will the fed lose its patience? will it stay in the statement? will it be gone for good? what will it mean? will it mean another taper tantrum in the markets. also high on the agenda this morning, everything else. look at the ten-year note there s the yield at 2.05. gold down just a little bit. west texas up just a little bit. and the euro lower. it just takes $1.06 now to buy a euro. mandy s out. and as i mentioned, sarah joins us from the nyse. as you mentioned, all ten s&p sectors are actually red today. materials, consumer staples, and energy getting hit among the hardest. bob pisani down here ahead of the fed release tomorrow. let s talk about those energy stocks that made a turnaround. it s very hard to put together two up days. i want to show you the s&p 500, where we re coming off of the bottoms, but not by too much. we re still in the red. and as sarah mentioned, it s energy that you want to watch. now, this happened ....
today will be the tiebreaker at least but it just tells you a lot about the month. it s been up it s been down. in fact an even number of times. but what s also interesting, let s all remember this is the day before the fed announcement and usually you get a very quiet day ahead of that and you re getting anything but right now. triggers aren t taking a stand either up or down ahead of the fed meeting. final hour of trade begins with the dow down 129 points after a strong session yesterday. interestingly, it s not like yesterday where all the indexes were up by about the same amount. the dow is giving up almost 0.75%. the s&p doing better only off 6 points. a third of a percent. and the nasdaq did turn green on the session. it s up by almost 7 points to 4,936. some interesting moves. let s see what oil has been doing as well. down another 73 cents or 1.6%. we re sitting near six-year lows for the price of oil, and i happen to know also that the price of gold h ....