DAVID HAFFENREFFER, CNN ANCHOR: Time to get a look at the day ahead for us on Wall Street.</s>DEBORAH MARCHINI, CNN ANCHOR: And here is Christine Romans with a preview -- good morning.</s>CHRISTINE ROMANS, CNN CORRESPONDENT: Well, good morning. We are through with Mr. Greenspan's appearance at the -- in front of the Senate Banking Committee. So that gives us a little bit of clarity here this morning. And what I'm hearing most of all is that hope for deep, aggressive rate cuts -- soon, at least -- are sort of fading. And you saw that reflected in the market yesterday, with retail sales numbers that were stronger than expected, suggesting that the consumer is not dead, just needs to be enticed with some big discounts to get out there and spend money. So we'll watch to see how the market reacts today. We'll see what kind of leadership groups develop overall. We'll also watch the bond market to see what kind of expectations for rate cuts are being priced into the market: not a big -- not a big day for data today by any stretch of the imagination. Business inventories we get today. Most of the key numbers we'll be seeing later this week. But the December forecast is for a gain of two-tenths of a percent for business inventories. November was up five-tenths of a percent. You can see that is just the December number. So, obviously, we're much more interested in what the January figures are revealing. Tomorrow, we get jobless claims and some other numbers. Later in the week, we get an inflation gauge. So those are the numbers to really be watching. In the meantime, we'll be seeing, you know, what people are saying about rate cuts: the bond market still expecting by March 20th, the next Fed meeting, a half-point rate cut. But it looks like yesterday, some of those hopes for maybe an intra-meeting move were taken out of the market. Now we have to adjust with all that.</s>MARCHINI: All right. Thanks, Christine.</s>ROMANS: Sure.
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