Good friday morning. Welcome to squawk on the street on this final friday trading session of the year. Im Carl Quintanilla at the new york stock exchange, along with melissa lee. Thats a good song. I actually requested that a few moments ago. Cramer and faber had the day off. The market has a few jitters as we enter what is going to be an interesting day. Of course, the meeting at the white house, 3 00 between the president and some congressional leaders. As for europe, getting some data out of japan overnight and some data out of europe. Currently red arrows across the board, in london, paris, and frankfort. Our road map begins at the white house. Congressional leaders set to meet with the president , 3 00 p. M. This afternoon. Senator reid has already said hopes of a deal are fading quickly. Just two trading days left until the cliff. And its not just the fiscal cliff. Wind farms and dairy are set to get hit. The ports of the east coast and gulf coast are bracing for a potential stri
Few minutes for up to the minute details on that and why its not ealing a blow to the u. S. Economy. First, stocks, as we do every 15 minutes, going to the floor. New york Stock Exchange. Lauren is there watching it. Any indication from the investors and traders about a deal . Are they telling you if they have an inside scoop . They do not have an inside scoop, but theres con play sen sigh, and stocks stuck in the range, down half a percent for the broader market, down for five days in a row waiting, two hours from now, to hear somebody in washington Say Something about fiscal cliff, and then well move on that news, but traders are saying if we get a deal done, well see the market take off. We have not seen a santa claus rally this december, unfortunately, and, in fact, the nasdaq lower. Stocks lower, by the way. Heres the New York Stock Exchange, three stocks trading down for every one trading up. Another thing trading up a the vix index. Its 20. 18. The vix has traded below the two d
Be doing. J. C. Penney under pressure again, topsails coming in for j. C. Penney and the lot of analysts say those 6 months are theyre looking at markets, whether or not they believe some funding for next year. Cheryl thank you. Huawei adam the Worlds Largest carrier may be carrying the iphone according to the wall street journals china mobile, will likely author the phone later this month so what does this mean for companies . With more details and to break it down. To give some perspective, seven hundred million subscribers, the number of users of verizon in the u. S. So there will be potential for sales here who are expecting apple to rollout the i phone and on december 18th after the conference is on the go after so many years, largely tweet his things, the fact the Chinese Ministry announced, other carriers operate the 4 g network, so after the full year, the meeting with the head of china mobile in late july. Can apple explain its market share with the contractor, not likely tops
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