Mario draghi hinted that largescale quantitative easing may be the way because of the risk of deflation. Bond yields are falling in italy and spain as a result. Former new york governor mario cuomo died yesterday of heart failure. He was 82 years old. He was elected governor three times and he had a memorable speech at the 1984 democratic and that this convention and many thought of him and higher office. Many believe the wagon train will not make it to the frontier unless some of the old, some of the young, some of the week are left behind by the side of the trail. From that, he was considered a likely president ial candidate twice but decided against running. Once he declined a plane took him to New Hampshire to take into the New Hampshire primary. Bad weather is slowing down the search for wreckage embodies in the air asia crash. Search crews in the java sea are using sonar and ping locators to find the blackbox and flight recorders and 30 bodies have been found so far. For the seco
The etfs that follow those stocks getting beat up right now, folks. So is this an entry point potentially . Stocks are falling. So is the rain and snow. A noreaster is here. Big storms out west. The forecast is coming up. But first, my friend simon hobbs. And it did feel quite stormy at the open. Stocks suffering their biggest drop in two months. Though we are off the lows now. On oil, at the moment, currently trading at 66. 49. So slightly higher on the session overall. Nine out of the ten s p sectors are down. Utilities, energy is up. Lets get to the trading action this lunch time on the floor with mary thompson. Its become more of a broad markdown. Thats a good way to put it. Coming into the session, you had concerns about some of the global selloff that we saw in the other overseas markets and warnings here in the u. S. Im calling this a bit of a turnaround. I was speaking to a strategist and he said things that were working are no longer working. The question is whether this is a
Five years. Our road map begins with the selloff in the markets. Renewed concerns about the economy. Just out, abercrombie and fitch ceo stepping down. A controversial figure on cramers wall of shame. Stocks up 8 . Verizon with a warning, a surge in new subscribers, but promotions and price cuts are going to hurt profits. First up, stocks on track to extend losses the day after the s p recorded its worst day since october. Got weakness in the energy sector. Got worries about the fed changing language. On december 16 and 17th. Something you were tweeting about at 4 00 this morning. Right. One of the things you have to accept is when we are doing better than everybody else, its ridiculous for the fed to stick by the considerable time. A lot of time has passed. Considerable time, there is a finite moment. If you keep saying considerable time, you are getting closer to that moment and were there. I dont even think necessarily that is whats causing this. China was just a big reversal. Greec
Oil shock ripple effects. The impact of equities and currencies and a closer look at stocks that are keeping the dow from hitting 18,000. Is it time to turn on the taps and lift the u. S. Export ban on crude . Well talk to a top dog on Global Commerce. And a shocking reversal on two Insider Trading convictions. The ruling that could change the rules for wall street as the second hour of squawk box begins right now. Welcome back to squawk box on cnbc. Im joe kernen along with becky quick. Andrew ross sorkin is at the dealbook conference. Hell join us in the next hour and well hear from jack lew speaking at the conference. Among the other power players attending, gm ceo mary barra, actress and entrepreneur jessica alba, a. Mex ceo. Well bring you those interviewing throughout the day. Acquired a 5. 1 stake in staples. The hedge fund has also boosted its holdings in office depot. Its move to call for a merger of these two companies. Economic data on the calendar today will get claims. The
Fastest rate in almost two years. Uk giant tesco is getting hammered, down about 15 on a profit warning. This joufr seas action comes after the dow and the s p 500 posted their biggest drop since late october. Commodities and tech stocks weighing on the markets. Crude oil dropping more than 4 . Check this out, its up slightly at this point. It closed yesterday at 63. 05 wti. Still sitting below 64 a barrel at 63. 65. Brent sitting at 66. 63. Weve been watching all of in this morning. As you check this out, take a look at the futures this morning. Not much to key off of in terms of positive news. S p futures off by 6 and the nasdaq down by 14. A huge part of that has to be the lead story in the wall street journal saying the fed is now signaling its going to shift on lower rates, actually raising rates in the next year. That takes away what some people had been anticipating, thinking that these low oil prices will take pressure off the fed. Job number changed everything in peoples minds