Today at its lows. Look at the intraday movement. Down more than 200 points this morning. Then back. Volatility, kel, we talked about it yesterday, is back and back in a big way. Thats right. The vix above 17. Thats one gauge of whats happening. Plenty of people are going to be trying to figure out whether whats happened in january stays in january or means anything for the rest of the year. How about the nasdaq . The nasdaq actually a short time ago went positive. Yes. And it was down 1. 5 . It was an ugly trading session to start things off. Overnight we had again, some movements on emerging market currencies. A lot of focus on the yen. Its the new year in china, so that concern has gone away for the time being, but at 8 00 p. M. Tonight, just a couple hours, well get more data, an update on how the worlds second biggest economy is doing. An hour to go in the month and literally anything can happen in that time. Joining us diane garnic steve east chris burtleson, rob morgan from fulc
Higher today. Nike, a familiar name we all know. A lot of people know the bags, theyre actually selling it off to the Apex Partners 570 million. They raised their quarterly dividend. Back to you. Dagen thank you so much, nicole. Beginning negotiating ways to avoid the fiscal cliff. Time is not on their side, were joined by congressman from both sides of the aisle, from colorado and equally fine wisconsin represented by democrats. Good to see you. To you first, there is discussion of stories in the wall street journal today about change to be sequestered to get rid of it and instead of that, put in place spending cuts and tax increases getting us six months into the middle of next year. I want to hear from both of you. You agree with a temporary measure to avoid the Big Decisions that need to be made. The answer to the fiscal cliff reaching a longterm deficit deal, now we need to let the political dust settle. There is a way to listen together and find some common ground. 80 ceos gave t
Mission critical rise above d. C. Welcome back to our continuing coverage, Mission Critical rise above d. C. Weve been here all morning long. While weve been here on capitol hill, weve been talking to lawmakers about rising above gridlock and reaching a real deal on the fiscal cliff. In the last hour we sat down with Grover Norquist saying no one should strike a bad deal, and that there is no better reason to raise taxes now than there was in the past. He also added he thinks House Speaker boehner has been a good leader during the fiscal cliff negotiations. And then we were joined by bob corker and bob conrad. Corker said we need to focus more on entitlements now, and he will not sign any package that doesnt deal with entitlements at this point. Conrad said more, not less, should be included in some sort of a big deal. By big deal, he means over 4 trillion. We are now just 20 days away from the fiscal cliff deadline. We continue to bring both sides of the aisle to sit down together. Co
Weve been in a very tight trading range pretty much all day long. All right, sue. Lets talk a little bit more about what we might expect. As we get prepared for this press conference. You know, the market is going to be i think dissecting almost every word at the News Conference. I think the News Conference is where most of the news if there is news made will be made, ty, because theyre going to be parsing her language, her body language, and Steve Liesman is going to be there. And hes probably going to get one of the first questions. Steve steve . Lets go up to you and see what you expect to hear from miss yellen. We cant count on that, sue. You just take your question when youre called. You raise your hand and youre either in or youre out here. But this is an important day here, the beginning of the yellen era. This is the term when the economy and the rates are supposed to normalize. Heres on the yellen agenda. End qe. Reduce the Balance Sheet sometime after that. Begin heightening
Well have them first with the best analysis you can find. That all starts after the bell. Then after that in exactly two hours, president obamas exclusive interview with our Steve Leisman will air in its entirety right here on cnbc. Steve will join us on the show beforehand to tell us some of the highlights. We do know the president wants to talk about tax inversions, letting it be known he will support legislation to stop companies reincorporated overseas to escape the 25 tax rate here in the u. S. Well have much more as the president and Steve Leisman get into it over the economy. Melissa lee and i will anchor a 5 00 special on that coming up. It is a bill sandwich tonight. Lucky you. Also it would be big ceo interviews just ahead. Dunkin brands disappointed today. Jetblues dave barger will be here. Youll hear from both of these ceos on todays closing bell. An hour to go and the do you jones industrial average down again today to the tune of about 21 points. Yesterday it was the lone