It is "no secret" that Kohl's likes to open stores near Target, the company said in a recent conference call.

Credit Suisse's Michael Exstein looked into this relationship and found surprisingly that same store sales at Kohl's were a leading indicator for sales at the larger store:

[w]hen looking at the past six years of same store sales trends, the correlation between the two companies is a surprisingly high 76% (same store sales on a rolling 12 month basis), which shows that the two retailers seem to feed off of each other more than we previously realized. The real surprise though is that it seems Kohl's sales trends lead Target's. We were always of the belief that Target drove traffic to Kohl's, and in turn, Kohl's SSS were somewhat dependent on the health of larger retailers such as Target. Instead, in the '07 downturn, the inflection point in Kohl's SSS occurred before Target's, and the same was witnessed in the recovery. Recently, Kohl's SSS growth started to decelerate, and TGT's seems to be flattening. With that in mind, the natural question is where do we go from here?

With positive domestic economic data continuing to pour in (unemployment now 8.3%, ISM Non-Mfg at an 11 month high, impressive real income growth, etc), we are very hesitant to say that we expect TGT's SSS to roll over anytime soon. We do think that the relationship between these two will be very interesting to track however, and if Kohl's SSS trend starts to bottom, could that signal a potential lift off in sales for both companies?

Now check out maps of the biggest retail chains in America >

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See Also:

• A Quick Preview Of January Chain Store Sales
• The 15 Most Dominant Retailers In The World
• Mark Zuckerberg's Dentist Dad May Be Worth ~ $60,000,000

It is "no secret" that Kohl's likes to open stores near Target, the company said in a recent conference call.

Credit Suisse's Michael Exstein looked into this relationship and found surprisingly that same store sales at Kohl's were a leading indicator for sales at the larger store:

[w]hen looking at the past six years of same store sales trends, the correlation between the two companies is a surprisingly high 76% (same store sales on a rolling 12 month basis), which shows that the two retailers seem to feed off of each other more than we previously realized. The real surprise though is that it seems Kohl's sales trends lead Target's. We were always of the belief that Target drove traffic to Kohl's, and in turn, Kohl's SSS were somewhat dependent on the health of larger retailers such as Target. Instead, in the '07 downturn, the inflection point in Kohl's SSS occurred before Target's, and the same was witnessed in the recovery. Recently, Kohl's SSS growth started to decelerate, and TGT's seems to be flattening. With that in mind, the natural question is where do we go from here?

With positive domestic economic data continuing to pour in (unemployment now 8.3%, ISM Non-Mfg at an 11 month high, impressive real income growth, etc), we are very hesitant to say that we expect TGT's SSS to roll over anytime soon. We do think that the relationship between these two will be very interesting to track however, and if Kohl's SSS trend starts to bottom, could that signal a potential lift off in sales for both companies?

Now check out maps of the biggest retail chains in America >

Please follow Money Game on Twitter and Facebook.

Join the conversation about this story »

See Also:

• A Quick Preview Of January Chain Store Sales
• The 15 Most Dominant Retailers In The World
• Mark Zuckerberg's Dentist Dad May Be Worth ~ $60,000,000

Contrary to last week's jam-packed economic calendar, this week will be extremely light. There's no news today, and then very little over the next four days.

But there's one number we're very excited to see, and that's consumer credit, which comes out at 3:00 PM ET tomorrow (Tuesday).

November's number clobbered estimates, and revolving consumer credit, for the first time since the credit bust, saw flat year-over-year growth, as shown here.

It's pretty hard to be bearish about any aspect of the economy with credit expanding. Another improvement here to clearly positive year-over-year growth would be uber-bullish.

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See Also:

• RUMOR DENIED? Now The Greek Debt Swap Deal Will Be Signed 'This Week'
• In Case You Hadn't Noticed, Everything Is Going Wrong In Greece Right Now
• ART CASHIN: Beware The Ides Of March—Or Maybe A Few Days Later

Contrary to last week's jam-packed economic calendar, this week will be extremely light. There's no news today, and then very little over the next four days.

But there's one number we're very excited to see, and that's consumer credit, which comes out at 3:00 PM ET tomorrow (Tuesday).

November's number clobbered estimates, and revolving consumer credit, for the first time since the credit bust, saw flat year-over-year growth, as shown here.

It's pretty hard to be bearish about any aspect of the economy with credit expanding. Another improvement here to clearly positive year-over-year growth would be uber-bullish.

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See Also:

• RUMOR DENIED? Now The Greek Debt Swap Deal Will Be Signed 'This Week'
• In Case You Hadn't Noticed, Everything Is Going Wrong In Greece Right Now
• ART CASHIN: Beware The Ides Of March—Or Maybe A Few Days Later

Here's the latest in Samsung's ads ripping Apple customers who line up for the iPhone.

Somehow we're supposed to believe that people who love the iPhone would jump out line for an oversized phone with a stylus. Or, maybe we're not. It's an ad after all, not a documentary. And, as far as ads go, it's pretty entertaining.

Anyway, there's one simple reason people who love Apple products wouldn't jump out of line. Steve Jobs summed up their thinking on styluses when he released the iPhone. In short, his attitude was, "yuck."

Here's Samsung's ad:

And here's Jobs:

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• THE APPLE INVESTOR: Apple Pushes To Become Third Largest Handset Maker In The World
• For The First Time Ever, Smartphones Outsold PCs Last Quarter
• THE APPLE INVESTOR: More Evidence That An Apple Television Is On Its Way

Here's the latest in Samsung's ads ripping Apple customers who line up for the iPhone.

Somehow we're supposed to believe that people who love the iPhone would jump out line for an oversized phone with a stylus. Or, maybe we're not. It's an ad after all, not a documentary. And, as far as ads go, it's pretty entertaining.

Anyway, there's one simple reason people who love Apple products wouldn't jump out of line. Steve Jobs summed up their thinking on styluses when he released the iPhone. In short, his attitude was, "yuck."

Here's Samsung's ad:

And here's Jobs:

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See Also:

• THE APPLE INVESTOR: Apple Pushes To Become Third Largest Handset Maker In The World
• For The First Time Ever, Smartphones Outsold PCs Last Quarter
• THE APPLE INVESTOR: More Evidence That An Apple Television Is On Its Way

The cosmic background radiation of the US payrolls is still echoing around the financial universe but today's other archaic story echo is the Greek PSI Deal (or No Deal). More of the same from Greece as the party leaders reject yet more austerity in order to satisfy the Troika.

This time, it does seem as though though "this is it", as murmourings last week and at behind the scenes at Davos suggest the EU/IMF have last patience with Greece and that post the ECB's 3yr LTRO that a firewall of some degree is now in place to cushion the blow of Greece being cut loose. Now, TMM certainly don't agree that a firewall is in place to allow such an event to proceed contagion free. But it does seem as though the Troika - and the Germans in particular - have come to the point of being willing to risk it. That concerns TMM.

But equally, it also appears that the political leaders are more open to negotiating this time around, in stark contrast to the class A twit Samaras' usual hotheadedness. This is encouraging. Indeed, the report from Papademos' office suggesting broad agreement for 1.5% of consolidation would tend to support a favourable outcome. By that, TMM mean "any deal with the Troika".

The problem is, that "any deal" is unlikely to be a particularly good surprise for markets, while a collapse of negotiations and the Troika leaving Athens aboard a plane this evening would be highly damaging to asset prices, at least in the short term. It is not hard to imagine talk of an imminent Greek Euro exit sparking panic - regular readers will know TMM's view on whether or not a Greek Euro exit can be managed without catastrophe

Now, TMM reckon that even the Greeks are not *that* stupid, and that we will indeed get a deal, with all that it entails: the PSI, disbursement etc etc. But the more unfavourable outcome cannot be written off and should it occur, TMM will be selling.

That said, for the moment let's assume that the deal goes through. Bears have been doing their damnedest to try and hype up the potential for another bailout programme for Portugal that may include PSI, following the well-rehearsed Domino Theory. And while it is not hard to imagine Portugal needing another programme at some point, it has managed so far to meet its fiscal targets - albeit by raiding the pension funds. TMM digress. Let's assume that Portuguese bonds remain under pressure. Today, this article has been doing the rounds, reporting that Portugal is considering going down the restructuring route. What does that mean for broader markets?

Well, TMM would note that the Greek & Italian contagion events in May 2010 and August 2011 both occurred when the economic data globally had begun to disappoint, and positioning in risk assets was quite heavy both in the leveraged and real money space. TMM would point out that it is hard to argue that such a backdrop does not currently exist: the economic data has been surprising to the upside globally and positioning is still significantly underweight. It is difficult to get broader market contagion under these circumstances.

So TMM reckon that, Greece deal permitting, Portuguese concerns are unlikely to take hold of markets immediately as risk creeps higher into the LTRO at the end of the month. With positioning likely to be larger then and the "surprise factor" from better data largely digested that Portuguese contagion is more probably a story for March.

But for now TMM suspect that the market will to continue to suffer "Death by x-axis". Every time the markets determine a "must be solved by date" those involved procrastinate right through it and yet the world does not melt, the trains don't stop running and the lights don't go out (though of course the threat of that in Athens is getting closer).

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See Also:

• A Few Policies We're Likely To See Very Soon
• SOURCE: Investors Will Stomach Losses Of 70% In The Newest Greek Deal
• Forget The Details, The End Of The European Crisis Is In Sight

Multiple sets of negotiations are still dragging on in Greece.

Government officials are trying to reach a deal with the country's private creditors on losses the latter will take in a controlled Greek restructuring. Meanwhile, the troika (European Central Bank, representatives of the European Union, and International Monetary Fund) are trying to pressure Greece into passing new austerity measures that critics fear would cripple economic growth.

Here's a brief rundown of what's being discussed right now:

- Bondholder losses of approximately 70 percent, with coupons that would increase from 3.6 percent as the Greek economy grows in the future.

- ECB involvement in the debt restructuring, something that the bank has appeared to consider only recently and might be in opposition to its mandate. It holds about €50 billion ($65.6 billion) in Greek bonds that it purchased at a discount. Private sector investors are reportedly demanding this official sector involvement (OSI) as a precondition for the haircut deal.

- Austerity measures include a steep reduction in minimum wage and a 25 percent drop in private sector labor costs. Labor unions have unsurprisingly rejected this move, although Greek leaders apparently agree "in principle" on the deal.

- Long-term sustainability of Greek public debt. The current debt restructuring appears unlikely to deliver on this.

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• REPORT: Papademos Is Considering Resigning If He Can't Get Support For New Austerity Measures
• In Case You Hadn't Noticed, Everything Is Going Wrong In Greece Right Now
• RUMOR DENIED? Now The Greek Debt Swap Deal Will Be Signed 'This Week'

Fox Business Network's senior correspondent Charlie Gasparino Tweeted that he bumped into Morgan Stanley's chief executive last night at the Super Bowl XLVI. 

Surprisingly, James Gorman didn't run away from the reporter.  In fact, the pair had a nice little chit-chat, according to Gasparino. 

However, Gasparino can't say the same for Goldman's CEO Lloyd Blankfein.

From @cgasparino:

Ran into MS Chief James Gorman at Super Bowl, had nice chat, unlike Blankfein last year he didn't run away.

Here's what happened at last year's pre-Super Bowl party in Dallas.

I just made eye contact with Lloyd Blankfein, Goldman Sachs CEO at a pre-Super Bowl party in Dallas, he saw me and walked the other way.

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• Lloyd Blankfein Speaks Up For Same-Sex Marriage
• GASPARINO: Here's Why Goldman Still Has No Chance Of Winning The Facebook IPO
• Lloyd Blankfein Just Fired His Fall Guy, But Goldman's Problems Aren't Going Away

On Saturday we pointed out how the homebuilders -- as measured at least by the homebuilder ETF XHB -- is getting close to a 4-year high.

How come?

Well part of it obviously is the general uptrend in housing starts over the past year.

And that's through December, but it looks like January is going to be strong as well.

Citi's Josh Levin, CFA reports on his latest survey of homebuilders.

Our private homebuilder survey suggests that nationwide new home sales in January were higher compared to sales in December. While our discussions with private homebuilders skew more towards qualitative commentary than a quantitative survey, we note that ~60% of the homebuilders with whom we spoke reported that January sales were higher relative to December sales. Of the remaining homebuilders, ~20% indicated that January sales were flat m/m while ~20% said that sales were lower. (We note that nationwide, January new home sales have historically been on average ~10% higher than December sales.) Comments were the most bullish we have heard since the early spring of last year. We note that a handful of builders commented that sales growth was also strong on a y/y basis which matches comments made by MDC that its January sales were up ~30% y/y. ~75% of respondents commented that traffic increased m/m. Many homebuilders indicated that “2012 is off to a good start.” Some homebuilders said that “unusually good weather” contributed to the pick-up in sales and traffic.

And as for pricing:

Our survey suggests that new home prices and incentives were effectively unchanged in January relative to December. ~75% of our survey respondents said that they did not change prices or incentives during the month. ~5% said they lower prices or increased incentives while ~20% said that they raised prices or lowered incentives. Talk of having raised prices or potentially raising prices was the strongest we have heard in quite a while.

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See Also:

• Only One Housing Market In America Saw Prices Gain In November...
• UPDATED, CORRECTED: The DC Market Is Still Kicking Your Housing Market's Butt
• The Case-Shiller Home Price Index Has A Major Deficiency That Almost No One Talks About

From UBS' Maury N. Harris:

The surge in payrolls in January provides further evidence that a virtuous cycle of economic activity is beginning to take hold. We have increased our outlook for Q1 2012 real GDP growth to 2.3% from 1.5%.

This is a function of increased consumer spending emanating from pent-up demand and a better labor market and credit conditions. It also reflects expectations that Federal government spending will rebound after plunging in Q4 2011. Risks remain: Europe has n.ot been “solved”. Faster growth and the recent rapid decline in labor force participation have caused us to revised down our estimate for the unemployment rate by year-end: we now expect a 7.9% rate versus our previous estimate of 8.6%.

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• Are Swiss Watch Sales Showing That The Economy's Rolling Over?
• Guess Which Country Is Driving Global Demand These Days
• Some Ominous Jobs News Courtesy Of Gallup...

Good morning. Here's what you need to know.

• Asian markets were mixed in overnight trading, with Japan's Nikkei up 1.1 percent. European shares are modestly lower while U.S. futures point to a negative open.
• German manufacturing increased 1.7 percent in December, outpacing expectations for a 1.0 percent rise. In November, new orders had fallen an unexpected 4.9 percent, worrying economists that Europe's largest economy could see further weakness. Foreign orders jumped 4.3 percent month-on-month, with sales surging 12.3 percent outside of the eurozone.
• Greek leaders have agreed to tentative plans for new austerity measures over the weekend, with cuts expected to total 1.5 percent of GDP. However, politicians delayed today's 5 a.m. EST deadline, as they hammer out details of the measures. Here's who gets clobbered if Greece defaults >
• U.S. federal and state governments are close to signing a deal with five of the nation's largest banks that would end state probes of foreclosure abuse in exchange for multibillion in write downs and charges. The deal, valued at $25 billion, would require banks to take mortgage write downs, offer homeowner assistance, and take cash penalties. Banks in the settlement include Bank of America, Ally Financial, Citigroup, J.P. Morgan Chase and Wells Fargo. These are the 14 states where homeowners are drowning in negative equity >
• The Indonesian economy expanded by 6.46 percent, topping economist forecasts and accelerating from a 6.2 percent surge in 2010. GDP grew at the fastest pace since 1996, even as neighboring countries see demand slow as the global economy cools.
• China has banned airlines from taking part in the E.U.'s carbon-emissions trading scheme. The Civil Aviation Administration of China said the program violates rules set out by the United Nations Climate Change Framework Convention and principles and provisions of International Civil Aviation Organization.
• On Saturday, Mitt Romney won the Nevada caucuses and solidified his lead in the Republican primaries. With 89 percent of precincts reporting, Romney led with 49.7 percent of the vote. Newt Gingrich took second with 21.4 percent while Ron Paul was in third with 18.6 percent of the vote. 
• A new ABC News/Washington Post poll says 50 percent of Americans approve of President Obama's job performance, the highest reading since spring. Half of Americans say he deserves re-election, with the incumbent leading Mitt Romney 51 to 45 in the poll. 
• The New York Giants beat the New England Patriots in Superbowl XLVI, with a final score of 21-17. The Giants led in the first, but trailed the Patriots through the final minute of the game, when Ahmad Bradshaw scored the final touchdown of the night. A hail mary pass by Tom Brady was unsuccessful in the last seconds. Take a look at what the Superbowl winner means to markets >
• Earnings season continues today with Pioneer Natural Resources and Yum Brands reporting quarterly results. Analysts polled by Bloomberg forecast earnings per share of $1.03 and $0.74 for Pioneer and Yum, respectively. Here's what we've already learned from the largest companies this earnings season >

Bonus: During the Superbowl halftime show, singer M.I.A. flipped the middle finger at NBC cameras.

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• 10 Things You Need To Know This Morning
• 10 Things You Need To Know This Morning
• 10 Things You Need To Know This Morning

Good morning. Here's what you need to know.

• Asian markets were mixed in overnight trading, with Japan's Nikkei up 1.1 percent. European shares are modestly lower while U.S. futures point to a negative open.
• German manufacturing increased 1.7 percent in December, outpacing expectations for a 1.0 percent rise. In November, new orders had fallen an unexpected 4.9 percent, worrying economists that Europe's largest economy could see further weakness. Foreign orders jumped 4.3 percent month-on-month in December, with sales surging 12.3 percent outside of the eurozone.
• Greek leaders have agreed to tentative plans for new austerity measures over the weekend, with cuts expected to total 1.5 percent of GDP. However, politicians delayed today's 5 a.m. EST deadline, as they hammer out details of the measures. Here's who gets clobbered if Greece defaults >
• U.S. federal and state governments are close to signing a deal with five of the nation's largest banks that would end state probes of foreclosure abuse in exchange for write downs and charges. The deal, valued at $25 billion, would require banks to take mortgage write downs, offer homeowner assistance, and take cash penalties. Banks in the settlement include Bank of America, Ally Financial, Citigroup, J.P. Morgan Chase and Wells Fargo. The deadline for states to sign the plan is today. These are the 14 states where homeowners are drowning in negative equity >
• The Indonesian economy expanded by 6.46 percent in 2011, topping economist forecasts and accelerating from a 6.2 percent surge in 2010. GDP grew at the fastest pace since 1996, even as neighboring countries see demand slow as the global economy cools.
• China has banned airlines from taking part in the E.U.'s carbon-emissions trading scheme. The Civil Aviation Administration of China said the program violates rules set out by the United Nations Climate Change Framework Convention and principles and provisions of the International Civil Aviation Organization.
• On Saturday, Mitt Romney won the Nevada caucuses and solidified his lead in the Republican primaries. With 89 percent of precincts reporting, Romney led with 49.7 percent of the vote. Newt Gingrich took second with 21.4 percent while Ron Paul was in third with 18.6 percent of the vote. 
• A new ABC News/Washington Post poll says 50 percent of Americans approve of President Obama's job performance, the highest reading since spring. Half of Americans say he deserves re-election, with the incumbent leading Mitt Romney 51 to 45 in the poll. 
• The New York Giants beat the New England Patriots in Superbowl XLVI, with a final score of 21-17. The Giants led in the first, but trailed the Patriots through the final minute of the game, when Ahmad Bradshaw scored the final touchdown of the night. A hail mary pass by Tom Brady was unsuccessful in the last seconds. Take a look at what the Superbowl winner means to markets >
• Earnings season continues today with Pioneer Natural Resources and Yum Brands reporting quarterly results. Analysts polled by Bloomberg forecast earnings per share of $1.03 and $0.74 for Pioneer and Yum, respectively. Here's what we've already learned from the largest companies this earnings season >

Bonus: During the Superbowl halftime show, singer M.I.A. flipped the middle finger at NBC cameras.

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• 10 Things You Need To Know This Morning
• 10 Things You Need To Know This Morning
• 10 Things You Need To Know This Morning

A new site that recently popped up has people thinking it might be Google's way of letting people inside its X Lab, reports 9to5Google.

If you're unfamiliar, X Lab is a secretive arm of Google revealed by the New York Times in November. Engineers toil away on all kinds of Jetsons-style projects, like a refrigerator that automatically orders new groceries or a plate that posts what you're eating to Twitter.

This new site is called Solve For X, and it's currently nothing more than a splash page that prompts you for an email address to be notified when it launches. Some clever WHOIS work by Andoid Police reveals that the site definitely does belong to Google.

From the page:

Solve for X is a place where the curious can go to hear and discuss radical technology ideas for solving global problems. Radical in the sense that the solutions could help billions of people. Radical in the sense that the audaciousness of the proposals makes them sound like science fiction. And radical in the sense that there is some real technology breakthrough on the horizon to give us all hope that these ideas could really be brought to life.

Android Police speculates that it will be a conference series comparable to TED Talks, and after reading that description we're inclined to agree.

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• Actually, I've Tried Google Ads And Facebook Ads And Facebook Ads Are Much Better...
• ZING! Jon Stewart On Google+: "What The F*ck Is That Thing"
• Google+ Is Adding 750,000 New Users EVERY DAY

Great news for Obama and the economy from a new ABC/WaPo poll:

Fifty percent of Americans in this new ABC News/Washington Post poll approve of Obama's job performance, the most since spring. Fifty percent say he deserves re-election, better than Bill Clinton at the start of his re-election year and as good as George W. Bush a month before he won a second term. And Obama now leads Romney among registered voters by a slight 51-45 percent, the first time either has cracked 50 percent in a series of matchups since spring.

Two chief factors are at play. One is the economy's gradual but unmistakable improvement, marked by the newly reported January unemployment rate of 8.3 percent, the lowest since a month after Obama took office. The president's approval rating on handling the economy, while just 44 percent, is its best in 13 months.

Right now there's clearly a positive cycle of developments for Obama, between the economic news and the stock market, and they're combining to produce good vibes for him right now.

But as we pointed out on Friday, since Obama's approval is so closely tied to the market, there's a pretty big opportunity for the market to torpedo him before November.

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• You Guessed Right: Obama's Biggest Donors Are From Hollywood And The Media
• Why This Picture Of Obama And His Dog Was The Most Potent Political Image Of The Day
• Here Are The Ten Horrible People Mitt Romney Gets Compared To Most

Great news for Obama and the economy from a new ABC/WaPo poll:

Fifty percent of Americans in this new ABC News/Washington Post poll approve of Obama's job performance, the most since spring. Fifty percent say he deserves re-election, better than Bill Clinton at the start of his re-election year and as good as George W. Bush a month before he won a second term. And Obama now leads Romney among registered voters by a slight 51-45 percent, the first time either has cracked 50 percent in a series of matchups since spring.

Two chief factors are at play. One is the economy's gradual but unmistakable improvement, marked by the newly reported January unemployment rate of 8.3 percent, the lowest since a month after Obama took office. The president's approval rating on handling the economy, while just 44 percent, is its best in 13 months.

Right now there's clearly a positive cycle of developments for Obama, between the economic news and the stock market, and they're combining to produce good vibes for him right now.

But as we pointed out on Friday, since Obama's approval is so closely tied to the market, there's a pretty big opportunity for the market to torpedo him before November.

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See Also:

• You Guessed Right: Obama's Biggest Donors Are From Hollywood And The Media
• Why This Picture Of Obama And His Dog Was The Most Potent Political Image Of The Day
• Here Are The Ten Horrible People Mitt Romney Gets Compared To Most

Good morning! Here's the news:

• Here's the breakdown on the Superbowl's impressive Twitter traffic.

• You can win a vacation for abusing your 3G connection in Russia.

• Google has poached an Apple exec for a big secret project.

• The least stealthy startup in the Valley has officially launched.

• Mark Zuckerberg's dentist dad may be worth $60 million.

• Here are some cool things you need to know about the commercialization of space.

• Investors could gain the power to oust HP board members.

• Check out these pictures from Silicon Valley's biggest annual party.

• Here's everything you need to know about the Facebook IPO.

• Apple's iPhone business alone is bigger than all of Microsoft.

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• 10 Things You Need To Know This Morning
• 10 Things You Need To Know This Morning
• 10 Things You Need To Know This Morning

Good morning! Here's the news:

• Here's the breakdown on the Superbowl's impressive Twitter traffic.

• You can win a vacation for abusing your 3G connection in Russia.

• Google has poached an Apple exec for a big secret project.

• The least stealthy startup in the Valley has officially launched.

• Mark Zuckerberg's dentist dad may be worth $60 million.

• Here are some cool things you need to know about the commercialization of space.

• Investors could gain the power to oust HP board members.

• Check out these pictures from Silicon Valley's biggest annual party.

• Here's everything you need to know about the Facebook IPO.

• Apple's iPhone business alone is bigger than all of Microsoft.

Please follow SAI on Twitter and Facebook.

Join the conversation about this story »

See Also:

• 10 Things You Need To Know This Morning
• 10 Things You Need To Know This Morning
• 10 Things You Need To Know This Morning

Good morning! Here's the news:

• Here's the breakdown on the Superbowl's impressive Twitter traffic.

• You can win a vacation for abusing your 3G connection in Russia.

• Google has poached an Apple exec for a big secret project.

• The least stealthy startup in the Valley has officially launched.

• Mark Zuckerberg's dentist dad may be worth $60 million.

• Here are some cool things you need to know about the commercialization of space.

• Investors could gain the power to oust HP board members.

• Check out these pictures from Silicon Valley's biggest annual party.

• Here's everything you need to know about the Facebook IPO.

• Apple's iPhone business alone is bigger than all of Microsoft.

Please follow SAI on Twitter and Facebook.

Join the conversation about this story »

See Also:

• 10 Things You Need To Know This Morning
• 10 Things You Need To Know This Morning
• 10 Things You Need To Know This Morning

The big thing that would surprise people in Europe this year is growth.

And there's more evidence that there's some kind of pulse beating.

Last week after some decent PMI number, Goldman raised its 2012 GDP outlook from -0.8% to -0.4%.

The latest: German factory orders jumped 1.7% sequentially, nicely ahead of the 1.0% consensus.

Here's a great chart of German factory orders vs. industrial production, courtesy of Markit.

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See Also:

• Philly Fed's Plosser Sees 8% Unemployment By The End Of The Year
• Are Swiss Watch Sales Showing That The Economy's Rolling Over?
• Guess Which Country Is Driving Global Demand These Days