Nike cutting 1,600 jobs to cut costs

Nike is laying off 2% of its corporate workforce to cut costs. The company seeks to invest in priority areas such as running and its Jordan brand, according to CEO John Donahoe.

January PPI comes in hotter than expected

The Labor Department said Friday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, jumped 0.3% in January from the previous month. A 'Mornings with Maria' panel with more.