So tastes like a guinness. A little early. Im Andrew Ross Sorkin. Joe kernen is here becky has the day off. A lot of news to get to. Dow up about 26 points nasdaq up about 5, s p 500 up about 2 1 2. Lets show you overnight in a a asia, green arrows across the board. And european equities well also show you, its green, green, green. And if youre buying wti crude by the barrel, oil is moving higher on news of a sharp drop in u. S. Oil supplies wti crude right now at 48. 29 today well get an Interest Rate decision from the fed this afternoon. Wall street is widely expecting policymakers to keep rates unchanged. Big focus is what the fed says about inflation. Well have full coverage beginning at 2 00 pchl we have 175 s p 500 Companies Reporting this week. Today its boeing, cocacola, ford and among all the names youre seeing there. But well get that before the opening bell and then we hear from facebook, gilead, whole foods after the close. And viacom looking to make a cash bid discovery al
The odds of regulation ahead. We begin with the biggest ipo of the year. First data hardly budging from its ipo price as we stand right now. Is the ipo market in trouble . Bob pisani joins us from the floor of the stock exchange. I guess the answer would be, not necessarily, right, bob . Yes. And more accurately its not in trouble but its repricing and thats good news for investigators. Its buy low, sell high. Stuff is on sale, people are taking advantage. A little quiet behind me but this morning it was very, very busy. Priced at 16, opening at 16. 39. You might say they were talking 18 to 20, isnt that a disappointment . 15 haircut getting it done was the most important thing for this company. Very difficult ipo environment and they got it out. So what would be good today . Anything with a 16 handle, anything would be good and that would be perfectly acceptable to the people who are involved in this deal. Nyse ipo pricing postponed, thats why were hearing on albertsons. They did make
Better performing housing sector . We well, it really feels like a santa claus rally is getting under way. Stocks are up for a third day. As we stand, lets take a look at the numbers. The dow is currently sitting at 17,559. It is not break even get for the year but it is up. The s p 500 is one point in the green for the year. Its crossed over that break even line so many times. Were rich, were rich, were rich. I never thought santa was going to come, and i still believe in santa. Oil soaring. New data showing a big drop in inventories. Crude up more than 4 , about 3. 9 for west texas. Highest levels in more than a week. Gasoline up 5 tracking for its biggest oneday gain since last november. Well, as for chipotle, those shares are edging higher this hour by 0. 2 , but the embattled mexican fast food chain has been taking drastic steps as the restaurants try to contain the e. Coli crisis. Morgan brennan has more details on this. What are they doing . On the heels of the outbreak that sic