Lot of catch up on the data front today. Got some more right now with Rick Santelli. Hi again Rick. >> Hi Carl.Business inventories. [music] This September number expecting that number to increase by onetenth of a percent comes in up 210. Up 210.Now it's interesting. This is the third reading of up 2/10 in this data series. It equals where we were in June and Feb to find a higher number.You're going to January which was the high water mark of the year. Up 4/10. We do see rather sticky behavior on the long e ...

Market Overview - Market indices experienced a positive trading session, with the Dow increasing by 664 points (+1.43%) and the small-cap Russell 2000 gaining +2.14% [3] - The S&P 500 and Nasdaq also saw gains of +0.91% and +0.67% respectively, indicating a rebound from recent lows [3] Economic Indicators - Case-Shiller Home Prices for September rose by +1.3%, slightly below the previous month's revised figure of +1.4%, marking the fourth consecutive month where home prices lagged behind inflation [4] - All 20 cities surveyed reported month-over-month declines in home prices, with year-over-year increases led by Chicago (+5.5%), New York City (+5.2%), and Boston (+4.1%) [5] - Pending Home Sales increased by +1.9% month-over-month in October, improving from a prior month’s upwardly revised +0.10%, although still down -0.40% year-over-year [6] Consumer and Business Sentiment - The Consumer Confidence index dropped significantly to 88.7 in November from 95.5, the lowest level since April [7] - Business Inventories for August remained unchanged at 0.0%, marking the third consecutive month without change, indicating a potential need for increased production in the future [8] Company Earnings Reports - Urban Outfitters reported earnings of $1.28 per share, surpassing the consensus estimate of $1.19, with revenues of $1.53 billion, driven by a strong performance in its flagship brand [9] - Dell Technologies reported Q3 earnings of $2.59 per share, exceeding expectations, but revenues fell short at $27.01 billion compared to the anticipated $27.27 billion [10] - Hewlett Packard's shares declined by -5% following a revenue miss, reporting earnings of 93 cents per share against a projected $15.02 billion in sales, which came in at $14.64 billion [11]

Market Overview - Market indices began flat but rose due to expectations of easing Fed funds rates, with Kevin Hassett being a frontrunner for Fed Chair [1] - The Dow increased by 664 points (+1.43%), while the Russell 2000 saw a gain of +2.14%, S&P 500 rose +0.91%, and Nasdaq increased +0.67% [2] Housing Market Data - Case-Shiller Home Prices for September rose by +1.3%, following a revised +1.4% the previous month, marking the fourth consecutive month where home prices lagged behind inflation [3][4] - Pending Home Sales increased by +1.9% month over month in October, up from a revised +0.10% the prior month, although still down -0.40% year over year [5] Economic Indicators - Consumer Confidence index dropped significantly to 88.7 from 95.5, the lowest since April [6] - Business Inventories for August remained unchanged at 0.0%, marking the third consecutive month without change [7] Earnings Reports - Urban Outfitters (URBN) reported earnings of $1.28 per share, exceeding expectations of $1.19, with revenues of $1.53 billion [9] - Dell Technologies (DELL) reported Q3 earnings of $2.59 per share, beating estimates, but revenues of $27.01 billion fell short of expectations [10] - Hewlett Packard (HPQ) shares fell -5% due to a revenue miss, reporting earnings of 93 cents per share against expectations, with sales of $14.64 billion below projections [11]

U.S. Stock Market - U.S. stocks traded mostly lower, with the Dow Jones index falling more than 150 points, down 0.37% to 45,713.02 [1] - NASDAQ fell 0.03% to 22,341.05, and S&P 500 dropped 0.14% to 6,605.77 [1] - Energy shares increased by 1.1%, while utilities stocks fell by 0.8% [1] Company Performance - Dave & Buster's Entertainment Inc. reported second-quarter revenue of $557.41 million, missing analyst estimates of $562.78 million [2] - Adjusted earnings for Dave & Buster's were 40 cents per share, below estimates of 92 cents per share [2] Commodities - Oil prices increased by 2.2% to $64.70, while gold rose by 0.2% to $3,726.00 [5] - Silver traded up 0.1% to $43.000, and copper fell 0.1% to $4.7120 [5] European Markets - European shares were lower, with the eurozone's STOXX 600 falling 0.86% [6] - Spain's IBEX 35 Index decreased by 1.30%, and London's FTSE 100 fell 0.74% [6] Asian Markets - Asian markets closed mostly higher, with Japan's Nikkei gaining 0.30% and India's BSE Sensex increasing by 0.73% [7] Notable Stock Movements - Turbo Energy, S.A. shares surged 408% to $13.72 after securing a $53 million contract for energy storage projects in Spain [8] - WEBTOON Entertainment Inc. shares rose 28% to $19.13 following a non-binding agreement with Disney [8] - Jumia Technologies AG shares increased by 22% to $11.90 after an upgrade from RBC Capital [8] - Bionano Genomics, Inc. shares dropped 41% to $1.6398 due to a $10 million public offering announcement [8] - GD Culture Group Limited shares fell 19% to $7.84 after entering a share exchange agreement [8] - Next Technology Holding Inc. shares decreased by 17% to $23.79 after filing for a stock shelf of up to $500 million [8] Economic Indicators - U.S. business inventories increased by 0.2% month-over-month in July, aligning with market estimates [11] - The NAHB/Wells Fargo Housing Market Index remained steady at 32 in September [11] - U.S. industrial production rose by 0.1% in August, exceeding market expectations [11] - U.S. retail sales increased by 0.6% month-over-month in August, surpassing expectations [11] - Export and import prices both rose by 0.3% in August [11]

Let's get some fresh economic data just crossing. For that, we'll turn back to Rick Santelli. Morning, Rick.>> Yes, good morning again, Carl. We have business inventories. This is the July number, first month of course of the third quarter.And it comes in exactly as expected. Inventories on the business side up 2/10 of a percent. And that's exactly what we have in the rearview mirror for our final June read as well.We do see that the yield curve has steepened. This morning's data has brought two-year note y ...

Economic Data Summary - U.S. Retail Sales for February increased by +0.2%, falling short of the +0.6% expectation, with January revised down to -1.2%, the weakest since November 2022 [2] - Excluding auto sales, Retail Sales met estimates at +0.3%, with January's figure revised lower from -0.4% to -0.6% [2] - When removing autos and gasoline, the Retail Sales print was better than expected at +0.5% versus +0.4%, with January revised down from -0.5% to -0.8%, the lowest since March 2023 [3] Consumer Behavior Insights - Gas Station Sales decreased by -1%, Department Stores fell by -1.7%, Consumer Discretionary was down -0.4%, and Clothing sales dropped by -0.6%, indicating a slowdown in consumer appetites despite some economic resilience [4] Manufacturing Sector Update - The Empire State Manufacturing Survey reported its largest decline since January 2024 at -20, significantly worse than the expected -1.8, marking the second double-digit down-month of 2025 [5] Upcoming Economic Indicators - Business Inventories for January are expected to show a positive swing of +0.3% from the previous -0.2% [6] - The Home Builder Confidence Index for March is anticipated to remain steady at 42 [6] Stock Market Outlook - The Federal Open Market Committee (FOMC) is expected to maintain interest rates between 4.25-4.50% for the third consecutive month, which will be a focal point in the upcoming week [7] - Significant earnings reports are anticipated this week, including Super Micro Computer on Wednesday and FedEx and Lennar on Thursday [8]