longer-term inflation expectations remain stable. inflation is anticipated to remain near its recent low level in the near term. the committee expect inflation to rise gradually over the medium-term. the transitory effects of -- the committee continues to monitor inflation develop its closely. the vote here was unanimous by members of the fomc. the interest rate projections included at this meeting. they do that quarterly. the fed is -- they have scaled back their forecast for rate increases going forward. 15 of 17 policymakers think the first increase will happen this year. to believe that will happen in 2016. a big drop from the 1.125% we saw in december. 13 of 17 policymakers have the rates under what percent by the end of the year. this under -- rates under 1% by the end of the year. some of the economic projections for growth, unemployment and inflation come all of them coming down. gdp change 2.3-two .7%. 2016, 2.3-2 .7%. they have acknowledged the improvement in the unemployment rate and inflation 2015 at 0.6%. core pc yetat 1

that came in against expectations of 51.5 and against the previous reading of 53 -- sorry the expectations of 53.5. the previous reading of 53.3. also the manufacturing number 51.9. that's shiethlightly above forecasts. we've also had the services data at 54.3. the reuters poll was 53.9. all three of those readings have come in above expectations. it follows the german data 15 minutes ago which was strong as well. the french data was mixed. the euro strengthened over about the last half an hour or so. sparked when the german data came out. the euro zone as a whole coming better than expected. it's allowing a continuation of the bounce back. >> 109. it's pretty amazing. quite the strengthening in the euro against the dollar in today's trade. the question is this better than expected pmi data is this a sign that quantitative easing is already feeding through to the real economy? >> better than that it's that the economy is already improving before the quantitative easing started. we've had just over two weeks of it and the great difference for european market is a commitment that will contin

for parts of our area we do expect significant snow totals. currently we are well above freezing so we are only seeing rain. we have rain and fog around at moment through much of new jersey also philadelphia and into parts of northern delaware like chester county lancaster county. it's really off to our west that we're watching. this is a very large storm system. quite a bit of snow stretching through a good portion of the country and this will be moving in as we go overnight tonight. because of this a good portion of the area is under a winter storm warning. all the counties you see shaded in pink here accumulating snow is expected and hazardous travel for the morning commute tomorrow. future weather continues with the rain for this evening. then as we get closer to midnight, 1:00 the changeover occurs, areas north and west of philadelphia. then that continues moving south. so you see that changeover line pushing to the south by 5 a.m. snow around most of the area by this time. we expect it around the major interstates surrounding philadelphi

i would expect it to pick up. and as you can see from the longer-run growth projections, most fomc participants believe it will pick up above current levels. but it means it's something that would, if it persists, retard living standards and would likely retard real wage growth and improvement in living standards for ordinary households. questioner: peter cooke of bloomberg television. i want clarification, if i could, and then a question about congress, a follow-up. first of all, you've been asked this before, i want to see if we can clarify. when you decide to start raising interest rates, could that decision happen at a meeting in which it's not followed by a press conference? and on my congressional question i would like to get your reaction to your -- the treatment you received up on capitol hill the other day, didn't look like a very pleasant experience, certainly in front of the house, at least at moments. i wondered if you have concerns about that, has the relationship between the fed and congress deterior

where expectations are yield about 1.92%. they're now, of course quantitative easing kicks off today in europe. the german ten year. greece on the other side of that trade remains elevated. let's look at the u.s. dollar the broader index has been rallied to fresh 11 year highs. the strong usda draft pushing it up. the euro has been the most marked on the other side. it's bouncing back today. it's up a half percent. on january 22nd we touched the 114 handle -- sorry february 22nd. and only taken a few weeks to get below not just 111 which was an important barrier and now 110 and 109. we're 108.9 and the euro dollar has been sliding significantly all though bouncing back as you can see today. a quick look at the oil price the commodity has been soft. wti below 50 at at 49.8. but also pointing out the gold price around three month lows 1173 it's bouncing back a little bit today. back to you. >>> let's also take a look at the session in asia and it was an ugly one as well. we have it negatively from wall street. the nikkei down 1

brooks was expected to quit. the announcement came earlier than expected here.on a wide that bernie brooks might have with earnings. it has gone ahead of the earnings announcements and sent a chill down the spine of the markets. downee the's stock price 10% in the first hour of trading. and meyern exciting was a private company not making a profit. cost-cuttingive and restructuring, the profit .eaked in 2010 since then, tell times every turned and they are struggling with competition. brooks is going to be replaced by richard, who joined as the chief information and supply and will lead to a change andnificant interest in the earnings next month. >> thank you. >> investors will that on declines starting today. a studio. how significant is this? >> we have rate cuts and the big short. i think it is a big deal and it is a tangible piece opening and it brings a dynamic in area has been anemic here to four. is looking to connect. >> we talked about the massive last year.e is there interest in the new shorting ability? >> you can look at the overall shanghai market a

i would expect it to pick up. and as you can see from the longer-run growth projections, most fomc participants believe it will pick up above current levels. but it means it's something that would, if it persists, retard living standards and would likely retard real wage growth and improvement in living standards for ordinary households. questioner: peter cooke of bloomberg television. i want clarification, if i could, and then a question about congress, a follow-up. first of all, you've been asked this before, i want to see if we can clarify. when you decide to start raising interest rates, could that decision happen at a meeting in which it's not followed by a press conference? and on my congressional question, i would like to get your reaction to your -- the treatment you received up on capitol hill the other day, didn't look like a very pleasant experience, certainly in front of the house, at least at moments. i wondered if you have concerns about that, has the relationship between the fed and congress deterio

facing expectation expectations. an example is japan, i would give you, where for many years, the households and businesses expected positive inflation but there was a consistent undershoot. so this isn't single metric that is perfect but it's one of many things we'd look at. we also look at measures of inflation expectations based on market -- market differentials between nominal and real or tips yields. there also informative but can move around for reasons pertaining to liquidity in the treasury market and the tips market and change inging inflation risk. they're not a pure read either. and we want to look at both things and not take away any simple morals. >> peter and then jen. >> peter barns fox business. i wanted to check in with you whether or not you see or have any concerned about bubbles in the economy, particularly the financial markets and debt and equity markets and want to refer to your most recent monetary report to congress last month you said overall ec equity evaluations are somewhat higher than hi

but was it expected?is means is that basically the rbi is now comfort comfortable with the inflation. they expect the cpi that came in at 5.11% to be sub 6% for the entire 2015. secondly they do expect or basically the fact that they've got rates at this point in time indicates that they are comfortable with the fiscal consolidation figure that came out from the budget that stood at 3.9% for fy 16. in fact experts are of the view that maybe they are comfort wbl the quality of fiscal consolidation as opposed to just the figure at this point in time. does it increase further rate cuts? possibly. we could expect more rate cuts from the rbi based on the fact that they're now more comfortable with inflation. >> thank you very must have for that update. cnbc in mumbai. now still to come here on worldwide exchange brazil is going against the grain of monetary stimulus in emerging markets. the country is expected to carry out another rate rise as it hooks to curb inflation. we'll discuss that next here on worldwi

what are we expecting? >> we have about two hours and we are looking -- analysts are looking for estimates to miss earnings. that is the sort of forecast, the average of those we've polled. charges going -- chartered's going up capital requirements are very important and provisions for legal costs and fines. analysts say this will be another challenging cause for standard chartered. it was down 20% since october and the earnings are set to come out below estimates. it is a question of how they are going to turn it around and how big these legal costs will be. >> this comes days after a change in leadership at standard chartered. how important is that? >> it is pretty important. clearly the new member needs time to settle in to his role and change things around. of course, peter sands leads in june. -- leaves into. he has recently gone off track and it will take the newest ceo a few months to settle in. the major issue is investors in the company. we need to give him time to earn his buildings. he is regarde

right there by the churchill avenue crossing, so expect major delays right now.ed just before 6:30 so just about 15 or 20 minutes ago. first palo alto police confirmed there was a pedestrian hit on the tracks and now we've learned that person was killed, so this will cause major back ups while the investigation continues and the grade crossing at churchill avenue is also closed. northbound train 309 sounds like it's stopped on the tracks. if you're thinking of hitting the roads 101 looks okay so far this morning. let's check the rest of the bay area drive or ride to work. if you're hitting a san mateo bridge we also have new problems on westbound 92 it was a car that struck the guard rail on westbound 92 near the high rise, so it's past this area here. this is actually just past the toll plaza so if you are continuing farther west, you can see flashing lights so just about in that area starting to see the back ups one lane remains blocked with that crash so already stacking up behind the pay gates and this is another commute to avoid. if you want to use the bridg

expect to see lane restriction there is. heading into pennsylvania, the blue route at the mid-county toll plaza, the roads are wet. that's what they look like across the area. as far as majors go they are wet. the side and neighborhood streets, that's where you expect the see the slushy and slippery conditions. make sure to leave yourself extra time. and route 100 southbound from route 113 to route 30 a five-minute trip. and route 340 to route 113 is five minutes. and 202 is quiet in both directions. northbound from route 29 to 76 will take you seven minutes. vai? >>> jillian, thank you. we continue to follow breaking news in montgomery can county this morning as we learn five people made it out safely from a house fire that caught fire early this morning. nbc 10's monique braxton is live in lower moreland where firefighters are monitoring hot spots in the home. what can you tell us? >> reporter: vai, the fire marshall is meeting with the family a block from where i'm standing. i can tell you five people made it out along wi

more rapidly than i would've expected. we have written down our estimates as potential output. in the long run it is a just -- a disappointing factor about the ultimate prospects for the u.s. economy. if it continues, i would expected to pick up. as you can see from the longer run growth projections, most fomc participants believe it will pick up above current levels. but it means it is something that if it persists, would retard living standards and low wage growth and improvement in living standards for ordinary households. >> peter, last question. peter cook: peter cook october television. first of all, you have been asked to this before. i want to see if you can clarify. when did you decide to raise interest rate, could that decision happen at a meeting that is not followed by a press conference? on my congressional question, i would like to get your reaction to the treatment you received up on capitol hill the other day. it did not look like a pleasant experience, certainly in the -- in front of the house. i wonder if

when you can expect it to arrive and how much you can expect. >>> here are some of the stories making headlines at 5:45. pennsylvania governor wolf brought his money to pump money into lauschools in lehigh valley value. the plan comes with a price. new taxes on cigarettes and drilling for natural gas and higher personal income and sales taxes. the defense in the boston bombing suspect's trial revealed its strategy today. dzhokhar tsarnaev faces 30 counts in connection with the april 2013 attack. his defense team isn't trying to get him acquitted. instead, they are trying to keep him from being put to death. they admit he was the bomber but under the influence of his older brother. >>> nbc10 first alert weather is tracking a winter storm. penndot says they have spent $31 million on snow and ice storms so far this year. when they only budgeted nearly $26 million. local hardware stores are also trying to restock winter supplies while making room for spring inventory. >>> you can count on the first alert meteorologists to get you through this storm. >> let's talk to sheena parveen. when w

that's expected to be complete by mid to late april. and penndot will resurface other highways under this plan. a more than $9 million project. >>> and a rainy, snowy start this morning. that's rain in delaware county and a few snowflakes to the south of wilmington moving through philadelphia and north and west. but look, it's already starting to fall apart in the area. so don't expect to see any accumulations. this is the area seeing temperatures above freezing. so a dusting is possible in the pocano mountains, but the rest of the area will see some snowflakes. to the south, it is rain as the temperatures fall right on the edge in our area. 35 for pennett square and washington township. farther north and west just a couple degrees above freezing for reading and allentown. but that's just enough to prevent sticking. shenandoah, a different story. the pocano mountains will see a light dusting of snow this morning. and rain showers with temperatures in the 30s. that's the best way to start a monday but it certainly could be worse. and thi

the revenue was slightly below estimates but same store sales rose more than expected. the stock almost 3% higher today, finished at $151.17. kroger announced a big pop in earnings. grocery store's quarterlies. full year outlook topping views. shares up almost 7% to $74.31. comments from boeing's chief financial officer told investors that cash flow levels will rise in coming years but investors should expect the gains in the 2015 to come in toward the end of the year not sooner. the stock rose slightly to close at $154.47. >> simon group, according to "the wall street journal." no formal offers but a stake of about 3.5% in the company last year. shares of simon were down just $187.13. maycher reach. hopefully i pronounced that correctly. and biopharmaceuticals after reassuring news that it backed its injection for double chin reduction saying the benefits for the treatment outweigh the risks. shares soared 25% to $50. and after the bell gap reporting a surprise drop in sales. banana republic divisions saw declines. shares volatile after hours, one point, down more than

other russian banks expect a cost of funding. you see a logic to what the central bank is trying to do? andrey: i do. i think what was done had effects on the exchange rate. it was designed to bring the interest rate down. anna: you are going to get some more support from the government. do you need more equity? where would you get the funding? andrey: we will get it from deposit guarantees and as much as $5 billion into your one preferred stocks. -- in tier one preferred stocks. anna: is that coming this quarter? >> we expect that in the next couple of months, we will get it. anna: one of the subjects we must talk about is sanctions broadly and how they specifically relate to your business. the sanctions environment featured a listing of global deposits on the london stock exchange. are you considering moving away from london? andrey: we are happy with the exchange and we have a good relationship with the london stock exchange. because of the policy, we still do not know. i mean u.k. treasury and the european commission who is r

because we basically got what we expect expected. i don't think this changes when we expect rate rises to go up. that's where we were before and as i said i think we should point back and remember he when she made her commentary in late february in front of congress. that was interrupted as dovish at the time but very quickly as the data continued to be good we saw rate rise expectations stay around june. that's what we should be focussing on. >> there definitely seems to be a lack of clarity on when we'll get the rate rise but it was interesting to see how janet yellen did reference the stronger dollar which has been a big market story over the past couple of months. in the asian financial crisis in 1998 when we did see the strengthening of the dollar the fed didn't reference the dollar at any point but she is saying it could be a concern. it has had an impact on export growth. >> absolutely a strong dollar we could expect them to mention i suppose given how strong the rally has been despite of what you say in 1998. still no clarity

what to expect? most of the sleet from last night has changed over to rain except for north and west every philadelphia. we will detail that for you coming up. milder today with on and off rain all day and then tonight into tomorrow is when the rain changes back over to snow and it starts to accumulate. we'll have our best estimate of how much we're going to get coming up in just a few minutes. so, bob kelly, there is some roads that are fine, and some, not so much. >> yes, and you mentioned it, north and west of the city, still seeing the freezing rain. so depending where you begin and end your trip, again temperatures are just now starting to rise. so again, you have to go with the notion, if it looks wet still could be icy. live look cherry hill new jersey, route 70, you got the mall there in the background, it is slushy, slippery, i-95, coming out of northeast philadelphia, the problem we're going see here on the majors is the drains will get clogged. we haven't had to deal with that for awhile.

it is expected to be a -- in nigeria. it is expected to be a tight race. to have you with us this morning. what can you tell us about the two candidates? >> it really is expected to be a tight race this time around. let me take you tow the two candidates. the main candidates are incumbent president good luck jonathan. jonathan is 57 years old. he is the nigerian president for the last five years. during his time in office he has been credited for privatizing nigeria's sector. he has been criticized for failing to put an end to insurgency by bokeo har a.m. the poupt came to power in 1983 following a military coup. he ruled for about a year and a half. he is predominantly from the north. many nigerians remember his time in power for brutality and a clampdown on freedom of speech and many politicians were jailed during that time. this is his second time running against good luck jonathan. many observers feel he has a fair chance of winning. jonathan: nigeria's economy has been battled by -- battered by oil prices. what is at the top of the agenda for whoever

you weren't expecting this were you? >> i wasn't expecting over 20 rate cuts. i think if you want to understand the driver, there are two things. one is the ecb is willing to do a large qe driving yields further into negative territory. the second issue is the u.s. is willing to tolerate depressurization. you will end up trying to push your currency lower, and that is what we are seeing. >> you and i are going to talk about bob markets a little later. he is looking out at the world. we see assumptions. the third is tolerating a stronger dollar and eloquent liquidity. what are the most crucial ones? >> these are dictating a lot of the market positioning. most people are on the same side in terms of what they believe will occur over time, which is long equities, long euro versus the u.s. there are a series of trades, and they assume these four things. the most important thing is the illusion of liquidating, that people believe they will be able to reposition. the paradigm is fragile. we believe it will have liquidity if we needed. the key issue is response. will

. >> some pullback would be expected. we're not terribly concerned about it going forward especially given the fact it's a transitory nature to that dollar. >> reporter: in contrast the benefits of lower energy prices may finally be showing up in consumer spending. the 4.4% increase at the end of last year was the fastest pace in nine years. but record cold weather kept millions of consumers at home in the first quarter of this year and economists say many households opted to hold on to the bulk of their savings from lower gasoline prices. >> it takes a few months of these lower gasoline prices sticking for people to become convinced, okay this is a permanent drop. this is not just some volatility like we saw in 2008 when gas prices went down and pretty quickly ran back up. >> slower economic growth and profit data is me ammunition for economists and fed watchers who believe monetary policy makers will delay raising interest rates until later this year. >> the fed is still the single most important factor for the stock ma

sierra expecting snow. half a foot expected there. winter weather advisory posted through 9:00 tomorrow morning above 6,000 feet. cloudy skies expected tonight, with a few showers. rain comes to an end tomorrow afternoon. and then a big warming trend on its way. tuesday temperatures still comfortable. by wednesday, 70s across the board. 80s by thursday and friday. that's for our inland valleys. you will notice even in san francisco it's going to be warm there. mid 70s by thursday and friday. if you are thinking about the beach, those are the days to do so. >> look at those temperatures. >> i'm thinking about the beach. >> after this right. >>> coming up a silicon valley executive making us bay area proud. you have got to stick around to hear this story. he is sharing his incredible story and his amazing ride after this. >>> plus, starbucks attempts to spark conversation sparks barb lash. the coffee giant is changing its approach. >>> a big show of support for a silicon valley tech executive and stroke survivor. last week his story was

that is to be expected. so we shortened up the matureties and focused on the theme of dollar strength and looking for opportunities to take bond risk in foreign markets, markets closely related to the u.s. monetary policy cycle. >> that was helpful. i'm sure we will be talking to you over the next few weeks and months. scott mather of pimco. >>> stocks are in the red right now. but let's get more of the trading action. from the floor of the nyc. largely financial markets have discounted the removal of the "patience" language. so i guess the surprise would be if they keep it in. >> it looks like they are not that worried. while we are just off the lows for the day. we have been in a range between 2,000 and 2100. and we are in the middle of that range. the important thing i'm seeing is they are trying to find bottom in oil stocks. but if you look at sectors of the oil industry very heavy volume again. and that is going positive on a day when oil is still to the downside. they are still look to buy oil stocks d

perhaps fractionally ahead of expectations. those numbers of course not opiate for trade but we he will of course be following that throughout the day here on cnbc. let's also have a look at u.k. retail numbers which have come out better in the last few minutes. we're looking at retail sales stronger than expected in february. they have come out plus .7% month on month. the forecast had been .4%. so u.k. retail sales coming in better than expected of course. earlier this week we had u.k. inflation at 0% but retail sales managing to surprise results. >> we'll talk a little bit more about some of the sports talks. lululemon they just said their inventory at the end of 2014 was at $208.1 million compared to $188 million at the end of fiscal 2013. it's been a challenging time for the company. they had to deal with the sheer pants but we have been seeing a rebound in the stock. we should point out they're down about 3.3%. there's another sports apparel company we're also focused on. isn't that right? >> yes, so there's lululemon ear

it's a good indicator what to expect for rate rise expectations. my take if we are above 2 % on the 10 year we're expecting something before september. if we are below we're probably expecting something around september or a little bit later. we're below at the moment 193. that move below 2% came when january janet yellen was a little more dubbish. low yields across europe. important discussions between merkel and sipp russ today. where is the rally in the u.s. dollar was brief and volatile. we had similar moves in the oil price. but still around 6 year lows. 45.4 for wti. 54.4 for present. let's check in on markets in asia. we are standing by in singapore. over to you. >> thank you very much for that. we had a reasonably stronger wall street at the tail end of last week. so that's benefitted the asian markets. earlier on in the trading day. but as you can see sop of the gains are evaporating and most of the markets coming off from the best levels of the day. it was a stark -- shanghai come site were the standouts today. new, fresh 15-year closing

what can we expect? you look at today's and we have march, it it looks 1% int increased about the quarter and not as strong in the quarter of last year when production rose. is meant is the economic recovery from last year's recession was weaker than expected print a slowing growth rate for the first quarter in gdp growth will not be very strong. as you say, household spending and inflation has hit a zero in retail sales fell in february. across the board, these are battered numbers for japan. while the government and bank of japan says they'll falling oil prices will have an effect, it will boost spending. definitely not seeing those effects right now. the only thing we are seeing is inflation is basically as zero. not good for japan. shery ahn: damas & effort quite a while now. james mayger, thank you. in, they have been saying that for quite a while now. ahn: they have been saying that for quite a while now. [indiscernible] john: more of these indices and australia is down. oil prices are down. and al

staying above freezing for everybody is what we expect. we expect just that rain around.u a closer look at the timing as we go into the morning commute and another round of rain as we go into your weekend. >>> this just into our news room. police in bensalem are looking for the parent who gambled inside the parks casino while their 7-year-old boy was left in a car. the child was taken to the bensalem police department. but police are still searching for the parent who they believe is still inside the casino gambling. nbc10 is following up on this story. we'll have more details tonight at 11:00. >>> eagles quarterback nick foles is the latest bird to be traded. foles is reportedly headed to the st. louis rams in exchange the eagles will get rams' qb sam bradford. draft picks are also involved but details of the deal are still being worked out. foles is 14-5 as eagles' starting qb. our colleagues at comcast sportsnet working on breaking developments. we'll have complete coverage ahead on "nbc10 news" at 6:00. >>> fire crews briefly evacuated a building because there was a g

it was expected at .3%. so the full year figure just below expectations. a contraction of half a percent. you can see the euro is down three tenths of a percent today but that's come over the last two trading sessions and ahead of the break. >> they're saying they anticipate we should be looking at growth later on this year for italy. there could be slight growth during the first three month of the year instead but italy is one of the interesting ones in terms of potential for surprise. >> but also so crucial because of the size of the bond market. we'll see forecast from a very important individual today. >> exactly. >> because it's what we've all been waiting for. the date mario draghi's qe program gets underway or we hear the date it will get underway later today. it's likely to come today or soon after. the new projections could also be very important today. anetta has all the latest ahead of that release in a few hours time. >> yes as you were saying the focal point will be what the ecb is going to say about greece and then of course we are talking ab

expectations.na edwards, thank you. german pharmaceutical and chemical company merck reported estimates that beat expectations. the cfo joins us with more. marcus kuhnert great to have you with us. let's move away from their earnings. let's talk product and acquisitions. the motor acquisition, $17 billion buyback and a bit question is, whether we can expect the major acquisitions to continue in 2015? >> we are currently in the process of obtaining -- and we are progressing like planned. we believe until the middle of this year we would've achieved all of the regulatory filings and will be of the close in the middle of 2015. >> marcus, beyond the regulatory requirements you promised to cut -- how realistic is that deal? will you have to cut costs in terms of employment? >> it is too early and too premature to talk about how many layoffs we will be doing. we have said we see an -- a lot of opportunities to realize synergies in the range of 260 million euros which will present 12% of the sales and onc

both expected to fall expected to report below zero. inflation numbers this morning zero month on month. watch the bond markets closely. i will be back to flesh things out for you guys. in the meantime, back to you. >> chinese stocks a mixed weekend. the surprise rate cut from the pboc. fears of deflation, we have been covering this morning. >> disinflation is the slowing rate of inflation, deflation is negative inflation. the fear of deflation is coming. japan has been stuck in deflation for 10 years. disinflation is crippling china. they cut rates to deal with this disinflation situation. november, throw in the ratio cuts, pretty aggressive. also proactive. sunday, they come out with the inflation figures, which were disappointing. inflation at the slowest pace deflation does back in. -- backeckon. and then you have the housing market slump. today we had pmi, hsbc 50 points. >> the official showing contraction? >> correct. all of that ties into what they said back in february. pboc would consider easing if the january data disappointe

expect rain by tonight. tonight, rain sleet, changing over to snow.n thursday morning, it will be a snowy commute for you. you could wake up to a few inches on the ground. here's a live look at the radar trying to show you where the rainfall is. it's fairly light right now and spotty approaching the pocanos. there's the possibility of spotty rain out there while you're driving. and then heading into the rest of the day, we'll don't see rain moving in. our temperatures are at 35 degrees now. and paving the way, we'll see temperatures push into the 40s, but we need rainfall on and off. by 3:00 p.m. 40 degrees in philadelphia. i'll have details on how much snow to expect and what is in store for the seven-day forecast. for now, we'll go go to first alert traffic reporter jillian mele. good morning. >>> good morning to you brittney. starting things off in montgomeriville, a wet commute here at 309 near five points. non accidents or delays out there on the majors in chester county. route 100 is looking good southbound from 113 to route 30 to take you five

we expect just rain early tomorrow morning. it will be rainy starting after your saturday. 10:00 rain still. and by noon around 50 and that rain continues. coming up the timing through the rest of the weekend and we'll show you when you can finally get outside. that is straight ahead. >>> breaking news right now in northeast philadelphia where a car has crashed into a house here on red lion road. this is near alexander lane. you will can see half of the car in the house here, a lot of damage. >>> new at 11:00, police think children are behind two girls being shot in the face with bee bees. the girls are expected to be okay. >>> some mainline homeowners are preparing for an influx of guns this weekend. >> they're protesting the lowerxv marion arms industry. the neighbors are pretty alarmed. >> just before night fall the park was as quiet as can be. this sunday it will be packed with gun rights advocates. >> you're not delighted to have a lot of guns in the neighborhood? >> i'm not delighted to have a lot of guns around no. >> s

beating expectations. that number was 51. the bond market because we see preferial yields hit record lows. the bond buying program starts later this week pushing the yields to 1.33%. the german yield last week of course, as we get closer to the start of qe did fall below 1.3%. it's above that at 1.34. we had the seven-year yield in germany fall below zero. the 10-year u.s. treasury about 2.1. it fell below 2% as some people took janet yellen's comments as dubbish. now moving on. japanese firms increase spending on factories equipment in the period between october to december. let's get more on the story. joining us like from the nikkei in tokyo. >> thank you. for all industries excludeing the finance sector ordinary profit, which is a metric commonly used in japan that is equivalent to operating income was up by 11.6% increasing for the 12th consecutive month. capital spending wasn't as bright. it rose 2.8% on the year increasing for the seventh straight quarter. the growth was down compared with the previ

let me track out the rain expected tonight. right through later on this morning through lunch time, showers east of 95. those are not going to be the main event. the main event comes tonight and lingers through tomorrow morning. 5:30 we're looking at showers from hagerstown to cumberland to romney through west virginia. then they start the to make their way to 95. by dinner time and as late as 9:00, then watch what happens. they kind of stall out and we see some showers going to stick around right through your friday morning commute. temperatures will drop fast enough that way through the mountains along 81, we could see a couple of flakes fall before it kicks out by friday afternoon. up and down we go. here's your forecast for today. 56 degrees by 10:00 with showers east of 95. pretty dry for the most part midday we're looking at temperatures into the 70s. by tonight grab the rain jackets. we'll be looking at storms pushing on through. larry, what have you got going on. >> i want to talk to my metro riders that will be hopping

weaker euro expected to have a boost here in europe. perhaps profit booking given the rallies we have seen the past couple of months. look at the stoxx 600 vastly out performing it. right across the screen the dax down about 47 points. cac 40 the french markets down about 7 points and take a look at the ftse 100 the u.k. budget unveiled today. the index seeing some green up about 22 points but of course the focus as i said before on the currency market and what that has done to the equity displacement. >> that's been most clearly highlighted by the euro dollar. the euro slid significantly and broader dollar strength had been the trend of the last pufew weeks. the euro did bounce back earlier in the week and it's just above flat again. 1.06 clearly a lot weaker than it was a couple of weeks ago. we now had a week and a half of the bond buying program and a lot of that pushed the euro weaker. the broader strength has paused for breath. basically flat after. there was no change in japanese policy today. just softening a little bit and ster

not what the markets expecting. we really wait and see what the gdp numbers reflect in the first quarter. simply put, just seeing such a weak and anemic number was the real shock. policymakers and china have their work cut out for them. jonathan: going forward, do you think the numbers come out periodically and they seem to be tweaking things are around the edges. a few rate cuts and no big stimulus packages is that what you expect as the year progresses? she playing around the fringes? or do they have to think about going big? dan: they were at the start doing big soon enough. and the case of the chinese, looking at the data, in the first quarter, you have that factor and then they do start to build things off. to go to the point, really nice to explosive numbers in the growth we saw last -- probably the last five years. what the chinese will do is -- whether they like it or not, that will have to go in aggressively. at some point, when chinese tracking like that one, they need to keep the proverbial engine running

they point to expected earnings growth and attractive valuation. >> earnings are expected to rise in 2015 at a 5% clip versus the 0.4% pace expected for the s&p 500. also, the price-to-earnings ratio is less for technology at 16.2%, versus more than 17% for the s&p 500. >> tech investors might have a better sense of where the dollar heads from here on friday morning when the jobs report hits. dollar bulls say that report if it's strong enough could provide more fuel for a rising for "nightly business report," i'm josh lipton in silicon >>> coming up the silver lining for consumers as some retailers continue to feel the pain from the backlog at west coast >>> here's a look at what to watch tomorrow. the s&p home price indegs will be released before the bell. as we reported earlier, it's the deadline for the u.s./iran nuclear talks. the first quarter ends. that's what to watch tomorrow. >>> the west coast ports continue to dig out from the backlog of cargo that built up during the long-standing labor dispute. many retailers are still trying to assess the damage that was done. courtney

we are expecting hazardous travel and potential for power outages. all non-essential state employees will have an 11:00 a.m. delay this morning. living here in new jersey just beware of what is to come. mixed precipitation heavy snow fall, the the potential for very hazardous travel so just make sure to give yourself extra time and leave plenty of extra room for crews to do their job in new jersey. that is very latest from bridgeton, cumberland county, nicole brewer, cbs-3 "eyewitness news". >>> you can stay on top of the snow with the cbs-3 philly weather app. down load it now. watch live radar and get your updated forecast for your neighborhood anytime. you can send us snow pictures right through the app down load it on itunes or google play. >>> here's what else is going on from north philadelphia, two car collision at an intersection send an suv smashing into a bank. that is where we sent "eyewitness news" reporter justin finch for more, justin good morning. >> reporter: good morning. as you cane they are about to pull out the car that crashed in

you expect those reits to sell off. goldman sachs in this environment has got them moving, david. >> focus on that jobs report and talk more about it. u.s. employers extending healthy streak of hiring adding 295,000 jobs the 12th straight monthly gain above 200,000. the unemployment rate falling to 5.5%. the first reaction from the white house. for that we are joins first on cnbc by the labor secretary, thomas perez. mr. secretary, as always appreciate you being with us. >> my pleasure. >> i know you have to be happy about these continued, strong numbers. i always come back to the few things that people talk about, unof course wage gains. we keep talking about it month to month. what are your expectations as we continue to see more pressure on wages? >> well, i mean i look at totality of the circumstances. last month was a very good month on wage gains. this month wasn't as good as last month but you see what's happening. walmart raises their minimum wage, t.j. maxx follows suit. you look at the totality of know no infl

the north bay, expecting 66. you will notice we are expecting sunshine tomorrow from the icons there, but it will be a wet commute for the morning commute. so do keep that in mine. we have two systems across the pacific. we'll talk about this in a minute. the one that's on the doorstep that's bringing showers across parts of northern california still 75 miles off the cost. when it moves through around midnight that's when we expect a better chance of rain. we are going to get the best chance of rain overnight, which is the best rain anyway because you get all your activities in during the day and it rains at night. open up some. windows let some of the fresh air in. tomorrow the skies part we will see sunshine towards the afternoon. here comes another waft. this is going to reign over the next two days over across parts of northern california. if you are doing traveling in eureka and oregon keep in mine tomorrow night another rounds of showers nofs there. at home just tonight into tomorrow morning. the forecast i

the information we are expected to learn in a few hours. >>> what is going to happen to kaepernick? there are trade rumors surrounding kaepernick. >> good morning, everyone, at 6:00 am on monday. thanks for being here. >>> we are all reality willed thing of frank gore leaving to the philadelphia eagles and cap any, -- and kaepernick although they deny deny deny. >> and we got less sleep. >> leyla and mike are here. it is foggy. >> absolutely. good morning everyone, we are half to quarter mile around napa and 1.25 in santa rosa and everyone else is cloudy this morning as we will have a very summer-like day. san rafael and hazy but not too foggy. clouds everywhere and mild this morning upper 40s to low 50s and at noon clouds at the coast keeping you in the mid-50s possibility of upper 60 to mid-70s away from the coast and by 7:00, enjoy the warmth and the sunshine with mid-50s at the coast and low-to-mid 50s elsewhere. >> it is possible to enjoy the commute? >> not particularly. we have plenty of traffic. it looks like everyone set the clock to the rise time. that is the macarthur maz

the other is expected to recover. police have yet to release information about the gunman. >>> 4:34 right now, oneman critically injured as a muni train struck him in the head during a fight. this happens around 5:00 last night. two men were fighting on the platform, one pushed the other into an oncoming train. the victim suffered life-threatening injuries. the otherman took over before police could get there. >>> pleasanton police are searching for two robbers, at the store on johnson drive just off i-580 on saturday night. police say a woman was caught trying to steal power tools. when the security guard confronted her, a male accomplice plowed into the officer knocking him down. that car is described as a gold older model four-dour lexus our acura. >>> a form of mountainview police officers will be in court this morning. police say during a squeaked by the police department they found a number of child pornography video you on kevin nguyen's laptop. >>> well, the man who admitted to stealing cookie money out of a g

he's expected to address them tuesday.> now, back to the top story. more than 1,000 people are set to rush in the capitol for nemtsov's death. we are joined by the phone by sir tony brenton. he's a former british ambassador to russia. thank you for your time. when we see the groups come together really galvanize, do you think it will bring the opposition movements together? at the moment the opposition movements have been split by many different fashions? >> caller: can i just say before i answer your question i knew boris very well. he was a great guy, care iz mastic poll decision and wanted to make russia a better place. his death is a tragedy. now, in answer to your question yes, the opposition is fragmented and weak. 85% support. so while boris' death is widely felt by lots and lots of people unless there's a lot more resentment against the regime in opposition of the war, i think it is unlikely his death is actually going to change the russian regime or policy. >> when it comes to the investigation, sir, the investiga

tell us what to expect. >> what you can expect tonight is any rain outside, eventually changing overow before you wake up in the morning. we're already seeing rain changing over to snow. we have a first alert out from now until basically tomorrow afternoon for part of the area. hazardous travel tomorrow morning for the morning commute. parts of the area will be seeing pretty significant snowfall compared to what we have seen so far this season especially. areas north and west dealing with heavy rain around the allentown area. about you now we're starting to see some of that heavy rain changing over to heavy wet snow. we're seeing that approaching the allentown area through the poconos as well starting to see the changeover to snow. maiden creek turning over to an icy mix and potentially heavy wet snow trying to develop in parts of burks county. we'll watch this through tonight. we'll expect all the rain to be changing over to snow. we have a winter storm warning out for almost the entire area. most of the area from tonight until 7:00 p.m. tomorrow evening. because of the accumulating

not bad but fewer than expected. service sector activity edged up last month but wasn't enough to get investors excited about stocks. by the close, the dow jones industrials sank 106 to 18,096. nasdaq fell nearly 13 and the s&p off 9 points. steve liesman has more on today's reports and the state of the american economy. >> reporter: neither severe winter weather nor west coast port shutdowns or layoffs from lower oil prices kept from the rounds of moderate and steady growth. the federal reserve's so-called beige book the collection of economic anecdotes from the district was full of troubles plaguing the u.s. economy but concluded the growth keeps chugging along. consumer spending continues to rise and retailers are optimistic about the months ahead. job gains reported across a broad range of industries. >> there are certainly going to be weather in all of this but as we look at what's more important, what's going to drive fed monetary policy et cetera it's going to be the jobs number and my guess, we're going to se