Transcripts for CNN The Lead With Jake Tapper 20160113 21:02

CNN The Lead With Jake Tapper January 13, 2016 21:02:00

brace for the fact and investors brace for the fact that this could be the first recession in earnings, the first back-to-back decline in earnings, in profits for companies since 2009. pile on oil prices, falling below $30 a barrel during the session today, and you've got a ripe recipe for stocks to fall as well. look, the mood is really sour on wall street. they're calling conditions over seoul, jake, but the problem is even when they rally, even when you see the green arrows you don't see that follow through. jake. >> alison kosik with sobering news from wall street. politics lead, president obama's final state of the union and it was quite a night. first time in recent memory that both the president in his speech and the opposition party representative in this case south carolina governor nikki haley, in her speech both went after a different politician, a major presidential candidate, in this case one mr. donald j. trump. she was hand picked by republicans in washington warned americans to tune out the, quote, siren call of our

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