68 points and the s p declined 22. 4 and the nasdaq fell fell. 70 . When it comes to everything from aerospace and elevators consumer packaged goods, coal oil and now computers and cell phones if its getting sold in china its getting obliterated i think china became the marginal buyer of everything the place where all hopes and dreams have come from in that thesis true or false is now fall apart because of that chinese stock market crash earlier this month. That was the sign that growth has peaked in china. Money managers now think that its all down from here. No, no china, mighty china is now regarded as a paper tiger. Lets take apple, the subject of endless, after reporting one of the greatest quarters i have ever seen in all my life. China has become a larger and larger part of apples growth and the ceo makes no bones about how it will ultimately become the biggest market and totally private Conference Call and with the ubs analyst Steve Milunovich about a potential slowdown in chin
Lets go to the Golden Gate Bridge and you can see that roads are wet. We have water on the lands and more rain is on the way. Welcome to mornings on 2. I am clonidine wallace. Lets get it quick check on your weather. Lets go to rosemary. We have another day of what weather already underway. It never really stopped and it will pick back up into the upper night overnight hours. This is a live look outside. It is tall and dark outside. Spring forward which means several sleepy people. Lets take a look at Storm Tracker 2, while we were sleeping it began to move through and hitting us on the morning drive. Now we are continuing to see it but it is tapering off in some areas. Where it is still steady we have it in the south but no matter where you look these communities are getting wet. Were seeing a lot of rain on the peninsula. San francisco, maybe a bit dry temporarily as we get into the east bay. Water reported around hayward and oakland along 880. Also livermore pleasanton. 680 is a wet
Rally. Whos investigating the investigators . Bill ackman responds to the report that he and some of the people who advise him are the subject of a government probe for manipulating stock prices. Hello, its tim from cupertino on the line that surprise interview with apples tim cook and our own jim cramer last night on mad money. Well let you hear that. Producer prices fell for a fourth straight month, down un unexpectedly in february by. 5 as decline in food prices offset increase in gas prices, a daft the rally sent the dow and s p into positive territory for 2015. But well ride that back and forth. Yeah, im looking at the euro and i understand that its really difficult for the central bank to keep buying bonds. Theres not a lot of bonds out there. Their work may which came in with a lion may go out like a lamb at the end of the week and thats why if we can see any surprise strength in the euro i think that stabilizes things. If we see the euro keep rolling over, well be back in the s
Euro strengthening after reaching a low around midnight. Stock futures edging higher despite mixed Economic Data in the u. S. The Federal Reserves seal of approval banks struggle to pass the stress test shares of citi and Morgan Stanley rise. Bank of america and others lose ground. The first cut is the deepest, box and shake shack releasing first Quarterly Results since ipos and the reaction on the stock is not pretty. Stock futures higher despite a surprise drop in retail sales down. 6 in february due to bad weather in parts of the country. Strip out auto sales fell. 1 . Claims fell more than expected last week down 36,000 to 289,000. We knew autos were going to be weak, and they were. Yeah. Februarys a weak month in our country, which is so funny because we are so used to thinking about one number, the employment number that we got. Everything else was just punk. The weathers very very important but a remainor to those saying like Richard Fisher departing the fed, its important that
Which begins after memorial day when we hear from autozone tuesday morning. As i said last night, this group is one of my absolute favorites because the average car on the road in this country is 12 years old. Biis outright elderly in automobile years. Analysts are talking about anemic growth. But after the past that Advance Auto Parts a competitor got yesterday and today in the wake of its weaker than expected numbers, i think autozone needs to be bought if it takes its customary postearnings dip i tends to rally after the quarter. After the close attitude we heard from the ceo of work day. He was certainly bullish about his companys prospects when he spoke in San Francisco a month ago. Its another cloudbased Company Winning cloud market. Its a pin action company. Thats right, you get pin action off it. If it does well and the stock soars higher you should see Excellent Movement in the rest of the highflying tech cohort. Red hat, splunk. Coors has seen its estimates cut couldnt standl