3) Home Depot beat on bottom line, but topline was light. The current year's guidance of $4.38 is a bit below consensus estimates of $4.43, while revenue estimates of $82.59 billion is just below the consensus of $82.91 billion. More importantly, they raised the dividend by 21 percent to $0.47 a share, that's a yield of closed to 2.4 percent.
Look, it was a very impressive year for the company. Fourth quarter comparable store sales were up 4.4 percent, and 4.9 percent for U.S. stores. The background story—home improvement—remains positive for 2014. Management has talked about 4 to 5 percent revenue growth, even if they don't gain market share.
4) Home builder Toll Brothers beat expectations. Here's what they said about the spring season: "While it is still too early to draw conclusions about the Spring selling season, we remain optimistic based on solid affordability, attractive interest rates, growing pent-up demand and an industry still under-producing compared to both historical norms and current demographics."
Yet here's what important from chairman Robert Toll: "Although the weather will result in some delays and some additional, but not major costs, it should not result in lost sales or deliveries."
5) Mainland China stocks down another two percent overnight with yuan weakness, property market issues were both a factor. China is now down about five percent in the last three days.
6) New Italian Prime Minister Matteo Renzi won a confidence vote (though not by a large margin). Let's hope he succeeds: at 39, he is the country's youngest prime minister. Meanwhile, his agenda is full of the kind of changes Italy desperately needs: reductions in income and labor taxes, an overhaul of the legal system, and most importantly, an overhaul of the electoral system to favor bigger parties and allow more to get done.
Ten parties? Does Italy need them all?
—By CNBC's Bob Pisani