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Morning Business Outlook: 3/2

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  • Description

    Automakers post solid numbers

  • Duration 1:45
  • Date

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Good morning it's the last day of the trading week in NASDAQ and the S&P 500 are higher this week but the Dow will struggle to close out in the Green.

Stocks were up yesterday across the board driven by jobless claims falling to a four year low and stronger than expected retail sales.

February sales at Macy's target Limited Brands Saks and gap all coming in better than expected -- to warmer weather and pent up demand.

Auto makers posted solid numbers to Chrysler sales rose 40% in February from the year before.

Ford sells advanced 14%.

And General Motors grew by 1%.

This as gas prices are also up nearly fifty cents so far this year.

Crude oil surging at one point late yesterday.

-- -- TV reporting a fire out of Saudi Arabian refinery.

That report was later tonight by -- Saudi official but all it took to move the oil -- -- right now right near 108 dollars narrow.

AT&T is clamping down on big data users in an unlimited data plans.

If you go through more than three gigabytes of data each month on the three G network -- T we'll send them text message.

Warning them.

And then slow down their data speeds for the rest of that billing cycle AT&T is working aggressively to increase its wireless spectrum.

As more people watch video and surf the web on their Smartphones.

And an upcoming article on a financial trade magazine finds that one in ten workers on Wall Street is a clinical cycle path.

Defined as someone who is gregarious and charming.

But -- easily and often.

That's business for more of the day's top stories log on foxbusiness.com.

In New York on lines and -- -- --

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