it. these observations tell you nothing. even on a day like today where the dow closed down 17 points. s&p losing.4%. this tells you nothing about tomorrow or the next month or the next year. so tiresome. but let s understand how this nonsense gets perpetrated so it doesn t mislead you. first, it s true, there are patterns to things. we like to look at the technicals, right? so to speak because they show some patterns that you can try to make money from. we accept the fact that if a it s quarters then we shouldn t comes to an end. we totally buy into the notion that the economy tends to slow when the fed raises rates. that s a pattern you see time these other patterns, the season ones they just don t hold up under any scrutiny. for example i heard today this very morning that february can be a cruel month based on a bunch of bad februaries. today dr. stanley fisher spoke at the counsel while he was s certainly more dovish than he s been emphasizing data dependence and not the
james: we have been tense hours and rain falling along the valley and coast and of course up in the mountains they re getting quite a bit of snow and a leg tahoe area for this focus on the rain was zone and is was over to storm track for the better idea you see the red cells in the navato area is about to insist and three- quarters for our coming down right now navato down to senator phil the homestretch and won once in a heavy rain continued to track off lewis with the committee discussing the impact of the systems here and elsewhere were also tracking center fell westar s st. the cell and of that community. san francisco not so that we still have showers and the bay bridge itself to the east bay we know things are coming down quite a bit. james: we are still some light to moderate in heavy rain and the head down to the south we will see widespread we get a basically a lot of milpitas. we re looking at widespread light rain falling across this valley. sunrise is right no
yesterday. a 27-point range in the s&p. earnings from coach, merck and panera and twitter tonight. ten-year yields around 2.72. the fed begins a two-day meeting today and europe is up across the board led by the dax in germany. our road map goes like this. a day we here at cnbc has been counting down to. our official first 25 list of rebels, icons and leaders unveiled this morning. we ll bring you the ranksings. merck shares are higher in the premarket after it beat the street despite some generics cutting into revenue and reaffirmed full-year guidance. coach shares lower in the premarket. women s accessories taking a lit despite earnings coming in ahead of consensus. first up, the list is out, this morning cnbc has unveiled its first 25 list as we celebrate 25 years on the year. the people who have had the biggest impact on business and finance over the last quarter century. the top 5 is led by steve jobs, followed by bill gates, ben bernanke, alan greenspan, the google
commuters, but the earnings may be tough this morning. futures as you can see are mixed as have the averages been over the past several days. the ten-year note a touch higher than it was at this time yesterday. and as for europe some mild weakness in the uk and in spain. our roadmap this morning goes, we ll start with coach. shares of the luxury goods maker down big in the premarket after same-store sales in north america plunges 13% year on year. and ibm is not looking too good. down on earnings. the tech giant reporting revenue below estimates for the fourth quarter in a row and due to weakening demand in part in emerging markets. a lot of people facing a nasty commute after a massive winter storm dumped over a foot of snow across the northeast. left temperatures hovering near zero. we ll go live on the ground to see just how bad things are in a moment. but first up, coach reporting weaker-than-expected fiscal third quarter results and comps down 13.6, and it said it
envelope, please. we re rolling out the red carpet, starting the countdown, to oscar gold. it s a big day for hollywood s brightest stars. the academy award nominations announced live. seth macfarlane and emma stone here with us, right here on gma. woo. dream on dream on dream on dream until your dreams come true and welcome to a blockbuster morning. huge crowd in times square this morning. cannot wait to see who gets nominated for the oscars. good morning, to robin. waving to everyone out there in times square. sam is in vegas, two days ahead of miss america. great to have amy and ginger zee back. this morning, we re learning a lot more down in washington about the president s cabinet nominations. some questions about the lack of women in very top jobs. the washington post had the line of the day. it looks like mad men goes to washington, except peggy s leaving. and the photo in the new york times not helping matters yesterday. race against time. lo