Sentiment is negative will have no bearing on what happens. What about europe . How concerned are you about europe, that its going to rear its ugly head yet again, that we havent seen the worst, especially on the Banking System . I think, that you know, to contrast europe and the United States, both areas went through a severe trauma to the credit of the United States. We put in a lot of changes. There was a lot of deleveraging, banks, in particular, but other firms went out and raised a lot of capital quickly. Liquidity and i think they are in very good shape, and, of course, no one has outrun having to deal with legacy issues, but they are being dealt with simultaneously or even after weve addressed the situation and gotten the economy, if you will, in a better shape. In europe they some of those havent been done. Theres not theres still a lot of leverage in the system. A lot of capital hasnt been raised, and they have one of the things that gave europe its advantage and a tailwind w
An address to congress tonight. And stocks getting a slow start to the week. The s p falling for a fifth straight monday. Today is tuesday, anyway, february 12th, 2013. And squawk box begins right now. Asian markets shrugging off the tests in north korea. But markets in china, taiwan remain closed. North korea says a miniaturize ed Nuclear Missile was tested. The u. S. Ambassador to south korea responding to all of this. Its a very provocative act that undermines Regional Peace and stability and i think it would be critical for us to coordinate very closely with you and our colleagues in south korea going forward. Were going to talk more about washingtons reaction and what this all means for geouncertainty and our guest hosts for this hour, Jared Bernstein who works as the chief economist for joe biden. Tony is joining us and Capital Alpha markets managing director Chuck Gabriel. Theyre also going to talk state of the union. John harwood sat down with dave axlerod yesterday. He will jo
Final trades. Stephanie, you are up first. Thank you. 10 decline to buy. Josh brown . Break up from january, i buy it here. Good year tires reporting tomorrow. We like it. Brian kelly . Europe is not fixed. Can you short it. That does it for us, catch fast at five tonight. Tomorrow, broadcasting from Goldman Sachs and internet conference. Thank you for talking real estate and markets with us today. Follow me on twitter. Poufr power lunch begins right now. The second half of your trading day begins now. Iphone, ipod and ipad. But how about an iwatch. Apple doing what it did to the cell phone. Will it indeed be another gamechanger . Us airways, expected to an announce their highly anticipated mer anticipated merger this week. A down day for stocks but of course weve add big run. Is it a pause, pull back or do we rally on . We will ask Credit Suisses leader in private banking. Indicies are up. 18 stocks are down, led by home depot. But only by a fraction. Down 1 . A move in that stock of
Watch. Jpmorgan today says buy the bounce. Well talk a lot more about that later this morning. Our rolled map begins with the markets trying to hold their ground after one of the worst days for equities. Like we said, in eight weeks. Dells profit falls 72 as the Company Looks further out to that potential future under private ownership. And described as an unusually stylish geek. Yahoo s ceo Marissa Meyer is in vogue, literally. First up, more signs of wait for prompter here. Seemingly weak economy, Housing Starts up at zoom but below consensus. Mike, how much damage was done yesterday with dow below 50day moving average, the stocks, financials, the transports, all the same . The market ak acted ragged but yesterday it hit it. To me its not just the fear of the fed taper. Its a fear of the fed taper at the same time that Everything Else doesnt look unequivocally great. I also find its interesting how the market doesnt like when labor market data is better than other Economic Data becau
Bucks . If youre in that ipo, up over 800 . David thanks for reminding me what i missed. I bought apple at 89 at one point. I didnt miss the runup there. It had a good day today, right . Einhorn of green light has made his voice non. It is having a great day. Up 1 1 2 . It was 435 recently. Weve seen it at these levels we havent seen in some time. [closing bell rings] liz there we go. The bells ring on wall street on this friday. Lets see how the day, the week finished up. Night quite there for a move to the green for the entire dow jones industrials. Well take a gain of 44 points. The s p 500 up eight pull points. That does it. Nasdaq up as well, 28 points up. Russell small cap up five 1 2 points. Not a bad move there. David oil, it fell a little bit today but lets look at oil for the whole week. It was down four cents today. Not a big move to the downside. But for the whole week it was down about 2 . Thats what happened with we can see, the middle of the week particularly got hit and